Business

Record prices for apartments in Malaysia

PETALING JAYA: The Pavilion group is setting a record of sorts as it has priced its high-rise serviced residential units of its latest project – the Pavilion Suites – along Jalan Bukit Bintang starting from RM3,000 per sq ft.

Gem of a portal: Kon Sean (seated 3rd from right) posing with employees of the online store.

Billionaire Quek's son starts online shopping portal

PETALING JAYA: Quek Kon Sean, the youngest son of billionaire Tan Sri Quek Leng Chan of the Hong Leong Group, has founded GEMFive, an online shopping portal that he plans to take into the regional digital space, targeting Singapore and Indonesia next.

Bank rate cut not expected this year says economists

PETALING JAYA: Strengthening crude oil prices and stable external demand may stay the hand of Bank Negara policymakers on a rate cut this year.

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Interest rate cut impact

PETALING JAYA: Banking margins could be negatively impacted if the central bank decides to cut the overnight policy rate (OPR), should economic growth comes in weaker than expected.

5 May 2015 | 12:00AM |

Banking

Operations at the Kemaman plant had halted since August 2013 and the restarting of the operations here will bode well for Perwaja.

Perwaja, Kinsteel shares soar with plant revival plan

PETALING JAYA: Steelmaker Perwaja Holdings Bhd’s shares soared 50% or 8.5 sen to 25.5 sen yesterday after it formalised the agreement with China’s Zhiyuan Investment Group Co Ltd to revive its Kemaman Plant in Terengganu.

6 May 2015 | 12:00AM |

Stocks

Banks, Petronas stocks top losers at midday

KUALA LUMPUR: Banks and Petronas-linked stocks were among the top losers at midday on Wednesday, in line with key Asian markets except China, but a rebound in crude oil price could later support oil and gas related stocks.

6 May 2015 | 1:07PM |

Markets

MAHB reviews claims

SEPANG: Malaysia Airports Holdings Bhd (MAHB) is reviewing its claims and counter-claims following the imposed liquidated and ascertained damages (LAD) on UEM-Bina Puri joint venture (JV) who were the contractors for the terminal building of KLIA2

6 May 2015 | 12:00AM |

Airlines

Hong Leong Connect available on Apple Watch

KUALA LUMPUR: Hong Leong Bank Bhd (HLBB) has introduced a Hong Leong Connect mobile banking app for the Apple watch that will allow its customers to view balances of their savings, current and credit card accounts on their wrists.

6 May 2015 | 1:34PM |

Business News

Petronas seeks Canadian community support for project

PETALING JAYA: Petroliam Nasional Bhd (Petronas), which is leading a group that is developing a multi-billion-ringgit liquefied natural gas (LNG) export terminal in Canada, is offering C$1.15bil (RM3.43bil) in compensation to a aboriginal community, as it seeks to win local support for the proposed project.

6 May 2015 | 12:00AM |

Oil & Gas

Hong Leong Connect available on Apple Watch

KUALA LUMPUR: Hong Leong Bank Bhd (HLBB) has introduced a Hong Leong Connect mobile banking app for the Apple watch that will allow its customers to view balances of their savings, current and credit card accounts on their wrists.

6 May 2015 | 1:34PM |

Business News

Banks, Petronas stocks top losers at midday

KUALA LUMPUR: Banks and Petronas-linked stocks were among the top losers at midday on Wednesday, in line with key Asian markets except China, but a rebound in crude oil price could later support oil and gas related stocks.

6 May 2015 | 1:07PM |

Markets

Videogame publisher Electronic Arts' revenue rises 5.5%

Videogame publisher Electronic Arts Inc, known for titles such as FIFA and Madden NFL, posted better-than-expected quarterly earnings and revenue on May 5, helped by strong digital sales and the release of Battlefield Hardline.

6 May 2015 | 12:02PM |

Earnings

Pharmaniaga falls on profit taking, downgrade

KUALA LUMPUR: Pharmaniaga’s share price fell to a new low of RM6.93 on Wednesday as investors locked in gains after the all-time high last week and downgrade by CIMB Equities Research.

6 May 2015 | 11:28AM |

Markets

Overhaul, not sale, on the cards for HSBC's US arm

LONDON: HSBC is set to extend a six year overhaul of its U.S. business to revive its fortunes rather than add it to the 77 businesses sold in the past four years, the British bank's boss said on Tuesday

6 May 2015 | 11:17AM |

Banking

Apple's Beats Music deals under US scrutiny

Apple Inc's move to line up deals with record labels is under U.S. antitrust scrutiny as the iphone maker prepares to debut a new version of the Beats Music streaming service, Bloomberg reported, citing people familiar with the matter.

6 May 2015 | 10:43AM |

Stocks

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