Business

MRT2 jobs gets moving

PETALING JAYA: Less than three weeks after the Government announced the implementation of the second mass rapid transit line (MRT2), the job to oversee the multi-billion ringgit project has already been awarded.

Spot gold was little changed at US$1,212.60 an ounce by 0031 GMT on Thursday - Reuters Photo.

Gold near 3-week low after Fed optimism over US economy

SINGAPORE: Gold was languishing near a three-week low on Thursday after the US Federal Reserve ended its bond-buying stimulus programme and expressed confidence in the economic recovery, dimming bullion's safe-haven appeal.

Alliance Bank BizSmart Academy SME Innovation Challenge 2014 finalists. l-r: DF Automation co-founder Yeong Che Fai; K-Pok co-founder Don Quek; and DF Automation co-founder Ricky Yap Wee Yang.

Start-ups create niche in mature markets

KUALA LUMPUR: Budding businesses participating in the Alliance Bank BizSmart Academy SME Innovation Challenge 2014 are carving a niche in already saturated markets.

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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

Property prices to continue uptrend

PETALING JAYA: Property prices, which rose 8% in the first quarter of this year, will continue to head north, as developers pass on the rising cost of building houses to buyers, according to Credit Suisse.

17 September 2014 | 12:00AM |

Property

Press Metal posts Q3 turnaround profit of RM82.6mil

KUALA LUMPUR: Press Metal Bhd recorded earnings of RM82.6mil in the third quarter ended Sept 30, 2014 following losses of RM1.6mil in the corresponding period last year, with revenue jumping 29.5% to RM1.028bil from RM794.5mil.

30 October 2014 | 6:26PM |

Earnings

How will the GST affect rental income?

There is bound to be some confusion on the effect of the goods and services tax (GST) on the rental income of properties once the value-added tax takes effect on April 1, 2015.

23 August 2014 | 12:00AM |

Property

Pavilion REIT Q3 earnings higher at RM63mil

KUALA LUMPUR: Pavilion Real Estate Investment Trust’s (REIT) earnings rose to RM63.03mil in the third quarter ended Sept 30, 2014 boosted by higher net property income but it expects the rest of 2014 and 2015 to be challenging.

30 October 2014 | 7:15PM |

Corporate News

Press Metal posts Q3 turnaround profit of RM82.6mil

KUALA LUMPUR: Press Metal Bhd recorded earnings of RM82.6mil in the third quarter ended Sept 30, 2014 following losses of RM1.6mil in the corresponding period last year, with revenue jumping 29.5% to RM1.028bil from RM794.5mil.

30 October 2014 | 6:26PM |

Earnings

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

Samsung's Q3 profit plunges to near three-year low

Samsung reported its smallest quarterly profit in nearly three years Thursday as its key smartphone business faltered under competition from Apple's iPhone6 and Chinese handset makers in an increasingly saturated market.

30 October 2014 | 3:37PM |

Foreign News

Rouble hits new all-time low

MOSCOW: Russia's rouble currency opened sharply weaker on Thursday, hitting a new all-time low of over 43 roubles per US dollar.

30 October 2014 | 3:23PM |

Banking

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