Business

US dollar peg to remain, says HK chief executive

KUALA LUMPUR: The policy to keep the Hong Kong dollar pegged against the US dollar will remain although the Asian currencies have come under increasing pressure due to the volatility in the dollar.

Sarawak Energy chief executive Datuk Torstein Dale Sjotveit. - ZULAZHAR SHEBLEE / THE STAR

Sarawak’s Baleh dam will have 1,285-MW capacity

KUCHING: The proposed Baleh hydroelectric dam, which Sarawak Energy Bhd (SEB) plans to build to boost its power generation capacity, will have an installed capacity of 1,285 MW.

Ter is mainly injecting shares of his private property companies.

QL to take up stake in Sunsuria

PETALING JAYA: Agri-food and poultry giant QL Resources Bhd is poised to emerge as a substiantial shareholder in property developer Sunsuria Bhd, which is embarking on the Xiamen University Malaysia Campus property development project in Sepang, said sources.

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Why Malaysians rejected proposed EPF withdrawal age

The Prime Minister Datuk Seri Najib Tun Razak made an announcement that had many Malaysians let out a sigh of relief. The hotly debated Employees Provident Fund’s (EPF) proposal of raising the full withdrawal age from 55 to 60, had many Malaysians worried.

26 April 2015 | 2:04PM |

Personal Finance

Like shale oil, solar power is shaking up global energy

SINGAPORE/TOKYO: One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world's top industrialised nations. With nuclear power in the doldrums after the Fukushima disaster, it's solar energy that is becoming the alternative.

26 April 2015 | 1:55PM |

Corporate News

Solar power the way to go

SINGAPORE: One by one, Japan is turning off the lights at the giant oil-fired power plants that propelled it to the ranks of the world’s top industrialised nations. With nuclear power in the doldrums after the Fukushima disaster, it’s solar energy that is becoming the alternative.

27 April 2015 | 12:00AM |

solar

KLCI ekes out slim gains in volatile trade

KUALA LUMPUR: The FBM KLCI eked out slim gains at the midday break on Monday in volatile trade, which saw the 30-stock coming under pressure in late morning as plantation stocks fell.

27 April 2015 | 12:56PM |

Markets

Carimin partners with Middle East companies

KUALA LUMPUR: Carimin Petroleum Bhd, oil and gas (O&G) services provider has inked collaboration agreements with Makamin Offshore Saudi Ltd (MOS) and Petrol Allied International DMCEST (PAI) to jointly tender for oil and gas business activities in Saudi Arabia, the Middle East, South East Asia and Australia.

27 April 2015 | 1:03PM |

Oil & Gas

US crude oil above US$57 on rising Yemen tensions

SEOUL: US crude held above US$57.15 a barrel on Monday, close to a 2015 high as fights in Yemen intensified and U.S.-led air strikes targeted Islamic State militants in Syria, creating more tensions over the security of Middle East oil supplies.

27 April 2015 | 9:30AM |

Oil & Gas

Firm start for Bursa Malaysia as Tenaga, TM advance

KUALA LUMPUR: Malaysia’s blue chips kicked off the new week on Monday on a strong note, sending the FBM KLCI up nearly five points, underpinned by gains in heavyweights Tenaga Nasional and Telekom Malaysia.

27 April 2015 | 9:48AM |

Markets

Carimin partners with Middle East companies

KUALA LUMPUR: Carimin Petroleum Bhd, oil and gas (O&G) services provider has inked collaboration agreements with Makamin Offshore Saudi Ltd (MOS) and Petrol Allied International DMCEST (PAI) to jointly tender for oil and gas business activities in Saudi Arabia, the Middle East, South East Asia and Australia.

27 April 2015 | 1:03PM |

Oil & Gas

KLCI ekes out slim gains in volatile trade

KUALA LUMPUR: The FBM KLCI eked out slim gains at the midday break on Monday in volatile trade, which saw the 30-stock coming under pressure in late morning as plantation stocks fell.

27 April 2015 | 12:56PM |

Markets

Kenanga maintains Underperform on Pantech

KUALA LUMPUR: Kenanga Research is maintaining a ‘underperform’ call on Pantech Group Holdings Bhd (Pantech) with a target price of RM0.74, based on calendar year 2016 with a price to earnings ratio of nine times.

27 April 2015 | 12:26PM |

Analyst Reports

BHP faces A$522 mln tax bill on Singapore marketing hub

MELBOURNE: BHP Billiton is contesting A$522 million ($409 million) in Australian tax bills on its Singapore marketing operations up to 2010, after having paid almost no tax in Singapore since 2006, the global miner told an Australian Senate panel.

27 April 2015 | 9:54AM |

Corporate News

Firm start for Bursa Malaysia as Tenaga, TM advance

KUALA LUMPUR: Malaysia’s blue chips kicked off the new week on Monday on a strong note, sending the FBM KLCI up nearly five points, underpinned by gains in heavyweights Tenaga Nasional and Telekom Malaysia.

27 April 2015 | 9:48AM |

Markets

US crude oil above US$57 on rising Yemen tensions

SEOUL: US crude held above US$57.15 a barrel on Monday, close to a 2015 high as fights in Yemen intensified and U.S.-led air strikes targeted Islamic State militants in Syria, creating more tensions over the security of Middle East oil supplies.

27 April 2015 | 9:30AM |

Oil & Gas

KLCI to consolidate above 1,860

KUALA LUMPUR: JF Apex Research expects the FBM KLCI to consolidate above 1,860 on Monday, riding on the positive momentum after the recent surge and strong close on Wall Street.

27 April 2015 | 8:51AM |

Analyst Reports

Top Glove on CIMB Research’s Add list

KUALA LUMPUR: CIMB Equities Research is maintaining its Add recommendation for Top Glove Corporation with strong demand and a stronger US dollar/ringgit as the potential re-rating catalysts.

27 April 2015 | 8:32AM |

Analyst Reports

CIMB retains Add for RHB Capital

KUALA LUMPUR: CIMB Equities Research is maintaining its Add recommendation for RHB Capital and its top pick for the sector due to its robust loan growth, market share gains in its investment banking business, and swift expansion in Singapore.

27 April 2015 | 8:21AM |

Banking

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