Business

1MDB addresses wide-ranging criticisms levelled at lt

PETALING JAYA: 1Malaysia Development Bhd (1MDB), which has come under fire from various quarters for a wide range of issues from buying assets at inflated prices to paying high fees in its issuance of debt papers, has defended its decisions.

Citroen Asean area manager Aswi Bujang (left) and Samson with the Citroen Grand C4 Picasso.

Naza opens 6th Citroen outlet

PUCHONG: Naza Euro Motors Sdn Bhd, the official distributor of the French brand Citroen, has expanded its network with the addition of Citroen Puchong, which now brings the total number of outlets nationwide to six.

Tey Por Yee

Tey seeks to remove Chong from Protasco

PETALING JAYA: Protasco Bhd’s non-executive director Tey Por Yee (pic) wants to remove managing director Datuk Seri Chong Ket Pen as a director of Protasco and is calling for an EGM for this purpose.

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1MDB has power plants (top right) which it acquired from Tanjong Plc and the Genting group in 2012. It has also been given the rights to develop the Tun Razak Exchange and Bandar Malaysia in Sungai Besi.

1MDB clears the air

1MDB, a strategic development company wholly-owned by the Government of Malaysia, clears the air in a press statement issued on Thursday, Oct 30:

30 October 2014 | 4:45PM |

Corporate News

1MDB incurs cost of RM8mil for Project 3B

PETALING JAYA: The consortium of 1Malaysia Development Bhd (1MDB) and Mitsui Co Ltd of Japan had paid less than RM8mil to assemble and submit its bid for the highly sought after Project 3B and not US$100mil (RM325mil) as speculated by a business daily.

31 October 2014 | 12:00AM |

1MDB

Tenaga surges ahead of earnings results (Update)

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) share price rose to a high of RM13.32 on Friday, underpinned by investor confidence of strong earnings from the power giant when it releases its full-year results ended Aug 31, 2014 after market close.

31 October 2014 | 10:38AM |

Corporate News

KLCI dips in early trade, KLK falls

KUALA LUMPUR: The FBM KLCI slipped in slightly volatile trade early Friday on some mild profit taking of index stocks including KL Kepong and UMW but market sentiment is expected to remain firm in line with key Asian markets and strong overnight close on Wall Street.

31 October 2014 | 9:51AM |

Corporate News

Record profit for ICICI Bank

MUMBAI: ICICI Bank Ltd, India’s biggest private sector lender, reported a record quarterly profit that beat analyst estimates, but bad loans rose and sent its shares lower.

31 October 2014 | 12:00AM |

Banking

Stratasys sees robust 3D-printing market as HP reveals plans

A day after Hewlett-Packard Co revealed plans for groundbreaking 3D printing technology, 3D-printing manufacturer Stratasys Ltd said it is expecting more competition and pointed to its strong position in a market expected to explode by the end of the decade.

31 October 2014 | 2:30PM |

Foreign News

BOJ unexpectedly eases monetary policy further

TOKYO: The Bank of Japan unexpectedly eased monetary policy on Friday in a 5-4 vote, due to concerns that a decline in oil prices would weigh on consumer prices and delay a shift in sentiment away from deflation.

31 October 2014 | 1:20PM |

Banking

Tenaga surges ahead of earnings results (Update)

KUALA LUMPUR: Tenaga Nasional Bhd’s (TNB) share price rose to a high of RM13.32 on Friday, underpinned by investor confidence of strong earnings from the power giant when it releases its full-year results ended Aug 31, 2014 after market close.

31 October 2014 | 10:38AM |

Corporate News

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