Business

Shades of 1997/98?

The weakening ringgit has caused anxiety. But is the economy in a similar situation to Malaysia’s worst ever crisis 16 years ago?

File photo of construction work in progress for PR1MAAlam Damai, Cheras earlier this year. Tengku Razaleigh Hamzah warns that affordable housing, even with PR1MA, is currently beyond the reach of fresh graduates and the lower middle class.

The squeezed middle

Without integrated policies to help them tackle the rising cost of living, the sandwich class faces a bleak 2015.

At the recent opening of Grand Plaza Hotel in Kensington London are (from left) Mohd Zaid, Malaysian High Commissioner to the United Kingdom and Northern Ireland, Datuk Ahmad Rasidi Haziz, Mohd Isa and directors of Felda, Datuk Noor Ehsanuddin Harun Narrashid and Datuk Dr Omar Salim

Unravelling Felda’s investments

A series of acquisitions by different Felda units has thrust the group into the limelight.

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JMBs and MCs are non-profit driven and exist to act as a body for stratified building owners.

6% levy is looming on the horizon

Buyers Beware - By Chang Kim Loong
THERE have been recent public outcry and protests against the imposition of the goods and services tax (GST) on the maintenance charges and sinking fund for all stratified developments in Malaysia save for low- and medium-cost stratified development areas which were recently “exempted” from GST under the gazetted GST Exempt Supply Order dated Oct 13, 2014.

20 December 2014 | 12:00AM |

Property

The Short Position

T ANANDA Krishnan’s Bumi Armada Bhd is back in the news amid the slump in oil prices – and for the right reasons too.

20 December 2014 | 12:00AM |

short position

A challenging time, but not a crisis

THERE has been mayhem in the Malaysian stock market. The FTSE Bursa Malaysia KL Composite Index (FBM KLCI) is down 8% to 1,716 points on a year-to-date (YTD) basis, making it one of the worst performers in the Asia-Pacific region.

20 December 2014 | 12:00AM |

Market

Celcom posts lower profit in ‘challenging quarter’

PETALING JAYA: Calling it “a challenging quarter” not only for Celcom, but for the entire industry, Celcom Axiata Bhd chief executive officer Datuk Seri Shazalli Ramly reported a 12% drop in profit after tax, amortisation and minority interests (patami) of RM493mil for its third quarter ended Sept 30, from RM562.4mil in the previous corresponding period.

20 December 2014 | 12:00AM |

Celcom

Oil, stocks go their separate ways

NEW YORK: Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down.

20 December 2014 | 6:48AM |

Oil & Gas

Malaysian palm oil ends higher with monsoon in focus

KUALA LUMPUR: Malaysian palm oil futures ended higher on Friday on concerns over monsoon rains hurting output and as crude prices ticked up, but the recovery was not enough to keep palm from its biggest weekly fall in three.

20 December 2014 | 7:02AM |

Palm Oil

Southeast Asian stocks: Most end stronger

JAKARTA: Most Southeast Asian stock markets rose on Friday as the U.S. Federal Reserve's pledge to be "patient" about hiking interest rates continued to boost sentiment.

20 December 2014 | 6:52AM |

Stocks

Oil, stocks go their separate ways

NEW YORK: Investors have wrung their hands over the last several weeks over the effect of lower oil prices on the broader S&P 500, but the relationship between the two is actually starting to break down.

20 December 2014 | 6:48AM |

Oil & Gas

A challenging time, but not a crisis

THERE has been mayhem in the Malaysian stock market. The FTSE Bursa Malaysia KL Composite Index (FBM KLCI) is down 8% to 1,716 points on a year-to-date (YTD) basis, making it one of the worst performers in the Asia-Pacific region.

20 December 2014 | 12:00AM |

Market

Khoo

Yu’s foray into financial services

DATUK Dr Yu Kuan Chon’s move to take over Pan Malaysia Holdings Bhd (PMH) is puzzling to most observers. The loss-making company had long fallen off the radar of investors.

20 December 2014 | 12:00AM |

pan malaysia

Pushing for better deal for Singapore middle-income group

SINGAPORE’S “sandwich class” are believed to have taken their frustrations out at the ballot box in the May 2011 general election, which saw the ruling People’s Action Party’s percentage of the vote dropping to 59.3%, from 66.6% in 2006, and the opposition making record gains.

20 December 2014 | 12:00AM |

Singapore

Tan: ‘We are not in talks with anyone to sell at the moment’.

Systech riding on the IT wave

SYSTECH Bhd, which has been garnering attention for a couple of months now, is merely one of the companies which is “riding the IT wave” and has no plans to be sold off.

20 December 2014 | 12:00AM |

Technology

Celcom posts lower profit in ‘challenging quarter’

PETALING JAYA: Calling it “a challenging quarter” not only for Celcom, but for the entire industry, Celcom Axiata Bhd chief executive officer Datuk Seri Shazalli Ramly reported a 12% drop in profit after tax, amortisation and minority interests (patami) of RM493mil for its third quarter ended Sept 30, from RM562.4mil in the previous corresponding period.

20 December 2014 | 12:00AM |

Celcom

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