Business

Corus Hotel Hyde Park is among the assets owned by MUI.

MUI in talks for sale of certain ‘substantial’ assets

PETALING JAYA: Malayan United Industries Bhd (MUI) is exploring the possibility of disposing of certain “substantial” assets and is currently in talks with a potential buyer.

Husni: ‘We expect two more companies to be listed by year-end’.

Teraju creates RM46.5bil worth of business

KUALA LUMPUR: The Government’s Bumiputra Agenda Steering Unit (Teraju) established in 2011, has created some RM46.5bil worth of business opportunities, financing and human capital development for bumiputras as at June this year.

National Automotive Policy review in mid-January

KUALA LUMPUR: The International Trade and Industry Ministry plans to reveal the progress of the National Automotive Policy (NAP) 2014 and announce details of a few companies that have decided to set up facilities for energy-efficient vehicles (EEV) here in the middle of next January.

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Telekom Malaysia Bhd Tan Sri Zamzamzairani.

Telekom Malaysia posts Q3 earnings of RM188.85m

KUALA LUMPUR: Telekom Malaysia Bhd posted earnings of RM188.85mil in the third quarter ended Sept 30, down 21.6% from RM240.88mil a year ago on higher operating costs and tax charges but it remains upbeat for the year.

26 November 2014 | 1:41PM |

Corporate News

KNM Q3 earnings soar 160% to RM16.44m

KUALA LUMPUR: KNM Group Bhd saw its net profit jump almost 160% to RM16.44mil in the third quarter ended Sept 30, 2014 from RM6.32mil due to better margin contribution and lower operating cost.

26 November 2014 | 3:25PM |

Corporate News

Tenaga and banks lead KLCI higher

KUALA LUMPUR: Tenaga Nasional, Maybank and Public Bank shored up the FBM KLCI by nearly four points in line with the firmer key regional markets, except Japan, but the overall breadth of the market was cautious.

26 November 2014 | 5:29PM |

Markets

Axiata cautious on executing strategies

KUALA LUMPUR: Axiata Group Bhd, which reported a net profit of RM631mil for the third quarter ended Sept 30, continues to face challenges for the current financial year ending Dec 31 and remains cautious on executing its business strategies.

25 November 2014 | 12:00AM |

Stocks

S&P 500 ends at record high boosted by tech shares

NEW YORK: U.S. stocks rose on Wednesday boosted by tech shares, with the S&P 500 and Dow industrials closing at records, while the energy sector was once more the largest weight on the market as crude prices continued to flirt with multi-year lows.

27 November 2014 | 6:46AM |

Stocks

Tenaga and banks lead KLCI higher

KUALA LUMPUR: Tenaga Nasional, Maybank and Public Bank shored up the FBM KLCI by nearly four points in line with the firmer key regional markets, except Japan, but the overall breadth of the market was cautious.

26 November 2014 | 5:29PM |

Markets

KNM Q3 earnings soar 160% to RM16.44m

KUALA LUMPUR: KNM Group Bhd saw its net profit jump almost 160% to RM16.44mil in the third quarter ended Sept 30, 2014 from RM6.32mil due to better margin contribution and lower operating cost.

26 November 2014 | 3:25PM |

Corporate News

AFG Q2 earnings up 37% to RM180m

KUALA LUMPUR: Alliance Financial Group Bhd posted a 37% increase in net profit to RM180.33mil in the second quarter ended Sept 30, 2014, compared with RM131.24mil a year ago.

26 November 2014 | 2:11PM |

Banking

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