Business

New shareholder to emerge in Masterskill

MASTERSKILL Education Group Bhd (MEGB) is on the radar of a group of investors keen to buy out the company, including major shareholder Siva Kumar’s 32.88% stake, sources say.

One of MSM's refining facilities.

Sweeter outlook for MSM

MSM Malaysia Holdings Bhd, the country’s largest refined sugar producer with a 60% market share, is now ready to venture into the international arena, beginning with upstream ventures in Indonesia and Myanmar.

O&G firms going ahead with spending and plans despite low oil prices

WITH the oil and gas (O&G) sector being one of the crucial sectors for the Malaysian economy and stock market, the downward spiral of oil prices in the last four months have left many jittery.

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Correction looms

REVIEW: As expected, Bursa Malaysia started out the new week on a solid platform, with the FBM Kuala Lumpur Composite Index (FBM KLCI) rising 2.96 points to 1,821.82 in early deals amid follow-through buying.

1 November 2014 | 12:00AM |

Markets

Early business dealings

LOW Teik Jho, or better known as Jho Low (pic), became a noticeable figure in the Malaysian corporate scene when investments from Abu Dhabi in the United Arab Emirates started to make their way to the local shores.

1 November 2014 | 12:00AM |

Low Taek Jho

EPF makes appeal to vote in merger plan

PETALING JAYA: The Employees Provident Fund (EPF) has made an appeal to Bursa Securities to enable it to vote on the merger of CIMB Group Holdings Bhd, RHB Capital Bhd (RHB Cap) and Malaysia Building Society Bhd (MBSB).

1 November 2014 | 12:00AM |

RHB MBSB and CIMB

Global search for Battersea retail space

LONDON: In what must be the most promoted Malaysia/UK property marketing campaign ever, the latest phase of the Battersea Power Station was launched, and with it, the search for tenants for its 3.5 million sq ft of commercial retail space.

1 November 2014 | 12:00AM |

jag

Challenges addressed

KEY industry players and major government agencies in the creative content sector came together to discuss issues and challenges in a forum organised earlier this week by the National Film Development Corp Malaysia (Finas) and the Communication and Multimedia Ministry.

1 November 2014 | 12:00AM |

Business

(From left) Miss Malaysia 2009 Thanuja Ananthan, Deejay and model Patricia K; Chiu; blogger Joyce Wong and Miss Malaysia 2013 Carey Ng wearing dresses from Rent A Dress at the company’s launch in July.

Dress to impress for less

Dressing up for special occasions can be fun, but if it takes place too often you’re likely to find that you’ve either worn all the outfits in your closet or have begun rewearing them.

1 November 2014 | 12:00AM |

Business

Global search for Battersea retail space

LONDON: In what must be the most promoted Malaysia/UK property marketing campaign ever, the latest phase of the Battersea Power Station was launched, and with it, the search for tenants for its 3.5 million sq ft of commercial retail space.

1 November 2014 | 12:00AM |

jag

EPF makes appeal to vote in merger plan

PETALING JAYA: The Employees Provident Fund (EPF) has made an appeal to Bursa Securities to enable it to vote on the merger of CIMB Group Holdings Bhd, RHB Capital Bhd (RHB Cap) and Malaysia Building Society Bhd (MBSB).

1 November 2014 | 12:00AM |

RHB MBSB and CIMB

Exports improving in line with global recovery

KUALA LUMPUR: Exports have generally been recovering in tandem with the pace of global economic recovery, according to International Trade and Industry Minister Datuk Seri Mustapa Mohamed.

1 November 2014 | 12:00AM |

miti

Palm stocks to ease in 2014 and 2015 as demand picks up

KUALA LUMPUR: Malaysian palm oil stocks could drop 14% by the end of 2014 from 2.09 million tonnes at the end of last month, a senior official of the Malaysian Palm Oil Board (MPOB) said, as export demand and domestic food and fuel needs pick up.

1 November 2014 | 12:00AM |

palm

Tey alleges foul play in Protasco case

PETALING JAYA: Protasco Bhd non-executive director Tey Por Yee claims that the board is “protecting” managing director Datuk Seri Chong Ket Pen by refusing the latter to defend himself on the allegations of the RM10mil personal gain.

1 November 2014 | 12:00AM |

Protasco

Heavy trading of Westports shares

KUALA LUMPUR: A total of 161.52 million shares of Westports Holdings Bhd, which was owned by Khazanah Nasional Bhd, have been transacted in an off-market deal.

1 November 2014 | 12:00AM |

khazanah

Muhibbah Eng wins RM219mil jobs

PETALING JAYA: Muhibbah Engineering (M) Bhd’s shipyard unit, Muhibbah Marine Engineering Sdn Bhd has clinched contracts worth about RM219mil for the sales of two anchor handling tug supply vessels.

1 November 2014 | 12:00AM |

Muhibbah Engineering

Auditors lack info on Bina Goodyear

PETALING JAYA: The external auditors of Bina Goodyear Bhd said that it was unable to obtain sufficient appropriate audit evidence on the group in achieving sustainable and viable operations and its ability to generate sufficient cashflow.

1 November 2014 | 12:00AM |

Bina Goodyear

Net financing to private sector rises

PETALING JAYA: Net financing to the private sector grew by 8.9% in September, driven by higher growth in outstanding banking system loans amidst moderation in growth of net issuances of private debt securities, according to Bank Negara.

1 November 2014 | 12:00AM |

Bank Negara

Disappointing Starbucks Americas sales

LOS ANGELES: Starbucks Corp’s early relaunch of its popular Pumpkin Spice latte drink failed to heat up business at its US cafes, disappointing Wall Street and sending the company’s shares down almost 5%.

1 November 2014 | 12:00AM |

starbucks

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