Business

Foreign buying helps nudge KLCI up 21 pts in late trade (Update)

KUALA LUMPUR: Another day of late buying by foreign funds helped send the FBM KLCI up more than 21 points on Monday after a rather lacklustre day, with buying seen in telcos, UMW and Genting Bhd.

Maybank opens first branch in Yangon

KUALA LUMPUR: Malayan Banking Bhd (Maybank) opened its first branch in Yangon on Monday which will strengthen the group’s international footprint.

After five-week shut down, Greek stocks plunge (Update)

ATHENS: Greece's stock market suffered heavy losses on Monday, plunging nearly 23 percent at the open before recovering slightly, after a five-week shutdown brought on by fears the country was about to be dumped from the euro zone.

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Yong Tai inks MoUs for RM7b GDV projects

KUALA LUMPUR: Yong Tai Bhd has entered into five MoUs which would provide it with five potential property development projects with a combined gross development value (GDV) of approximately RM7bil over the next eight years.

3 August 2015 | 6:43PM |

Corporate News

Myth: You get what you pay for

EVER had someone tell you “you get what you pay for?” May be true in some circumstances; like when you pay RM40,000 for a Myvi, you don’t expect the performance of a RM300,000 BMW, do you?

3 August 2015 | 12:00AM |

Personal Finance

Mohammad Faiz appointed MIA president

KUALA LUMPUR: The Malaysian Institute of Accountants (MIA) has announced the appointments of Datuk Mohammad Faiz Azmi and Datuk Zaiton Mohd Hassan as its new president and vice-president, respectively, for a new term effective July 27.

3 August 2015 | 7:09PM |

Leadership

CPO futures prices to stay at current level

KUALA LUMPUR: Crude palm oil futures prices are expected to stay at current levels, with sentiment dampened by higher stocks and output, said Malaysian Palm Oil Council chairman Datuk Lee Yeow Chor.

3 August 2015 | 2:55PM |

Business

Areva to explore bringing in Chinese investor

PARIS: Areva will seek partnerships with Chinese energy companies that could see them take stakes in the French nuclear reactor maker in an upcoming multi-billion euro capital increase, its chairman told the Journal de Dimanche.

3 August 2015 | 12:00AM |

Stocks

AmResearch upgrades Westports to Buy from Hold

KUALA LUMPUR: AmResearch has upgraded Westports to Buy from Hold with a higher fair value of RM4.87 a share based on management’s expectations of a container tariff hike that could be announced in the next few months.

3 August 2015 | 9:46AM |

Analyst Reports

Commodities, currencies and China in limelight

New York: Commodities and currencies may continue to be in the spotlight for investors this week, as prospects for a Federal Reserve interest rate rise and the Chinese stock market slump work their way around global markets.

3 August 2015 | 2:09PM |

Business

US stocks open busy data week mixed

NEW YORK: Wall Street stocks were mixed early Monday as a heavy week of US economic reports and earnings kicked off with data showing a slight rise in consumer spending in June.

3 August 2015 | 10:26PM |

Foreign News

US consumer spending edges higher in June

WASHINGTON: US consumer spending edged higher in June, capping a rebound in the second quarter from weak growth in the first months of the year, the Commerce Department reported Monday.

3 August 2015 | 9:21PM |

Foreign News

Mohammad Faiz appointed MIA president

KUALA LUMPUR: The Malaysian Institute of Accountants (MIA) has announced the appointments of Datuk Mohammad Faiz Azmi and Datuk Zaiton Mohd Hassan as its new president and vice-president, respectively, for a new term effective July 27.

3 August 2015 | 7:09PM |

Leadership

Yong Tai inks MoUs for RM7b GDV projects

KUALA LUMPUR: Yong Tai Bhd has entered into five MoUs which would provide it with five potential property development projects with a combined gross development value (GDV) of approximately RM7bil over the next eight years.

3 August 2015 | 6:43PM |

Corporate News

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