Business

Economists: Policymakers need to be committed in view of falling oil prices

PETALING JAYA: Malaysia’s commitment to reforms aimed at reducing the Federal Government’s fiscal deficit is on the radar of investors.

SEB headquarters in Kuching, Sarawak. It will have to build a 40km power transmission line to link Miri and Brunei to facilitate the export of electricity.

SEB-Brunei power deal

KUCHING: Sarawak Energy Bhd (SEB) and Brunei authorities are expected to begin detailed negotiations on the planned exports of renewable energy to the sultanate and a proposal that Brunei comes up with capital investment to jointly develop hydroelectric dam projects in northern Sarawak.

Badlisham: ‘KLIA Aeropolis will be a key economic generator by creating jobs and business and investment opportunities.’

KLIA Aeropolis set to put Malaysia on aviation map

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) envisages the KL International Airport Aeropolis (KLIA Aeropolis) to position Malaysia as a hub for aviation, aerospace and logistics while also being an engine for tourism growth.

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KLCI clings on to 1,800 level as banks drag

KUALA LUMPUR: Malaysia’s blue chips index, the FBM KLCI, clung on to the psychologically important 1,800 level in early Monday trade but the index could slip lower on selling of bank stocks after last week’s rally.

26 January 2015 | 9:52AM |

Markets

Better year ahead for glove makers: CIMB Research

KUALA LUMPUR: CIMB Equities Research sees 2015 to be a better year for Malaysian glove makers and increased its earnings forecasts to factor in the stronger US dollar versus the ringgit and potentially lower raw material prices.

26 January 2015 | 9:37AM |

Analyst Reports

No festive cheer for ad sector

PETALING JAYA: The festive season in December failed to bring the needed respite for the advertising industry, weighing down the country’s media advertising expenditure (adex) growth at only 4.7% for 2014.

26 January 2015 | 12:00AM |

Advertising & Media

Pensonic plans new business model

GEORGE TOWN: Pensonic Holdings Bhd plans to adopt a new business model to market its latest smart power bank device under the fonebud brand, which had received positive reviews and response from the recent Consumer Electronic Show (CES) held in Las Vegas this month.

26 January 2015 | 12:00AM |

Corporate News

KLCI clings on to 1,800 level as banks drag

KUALA LUMPUR: Malaysia’s blue chips index, the FBM KLCI, clung on to the psychologically important 1,800 level in early Monday trade but the index could slip lower on selling of bank stocks after last week’s rally.

26 January 2015 | 9:52AM |

Markets

Better year ahead for glove makers: CIMB Research

KUALA LUMPUR: CIMB Equities Research sees 2015 to be a better year for Malaysian glove makers and increased its earnings forecasts to factor in the stronger US dollar versus the ringgit and potentially lower raw material prices.

26 January 2015 | 9:37AM |

Analyst Reports

Pensonic plans new business model

GEORGE TOWN: Pensonic Holdings Bhd plans to adopt a new business model to market its latest smart power bank device under the fonebud brand, which had received positive reviews and response from the recent Consumer Electronic Show (CES) held in Las Vegas this month.

26 January 2015 | 12:00AM |

Corporate News

Asean to declare single market, says Mustapa

DAVOS: Asean will officially call itself a single market by year’s end, but “big things” like seamless travel within the 10-nation bloc would only come in 2020, Malaysia’s trade minister told AFP in an interview.

26 January 2015 | 12:00AM |

Foreign News

Venezuela currency woes a threat to US firms

BOSTON: Venezuela’s deepening economic troubles, and in particular the weakness of the bolivar and restrictive currency controls, have hurt US corporate profits for the fourth quarter of 2014 and are set to inflict further pain this year.

26 January 2015 | 12:00AM |

Foreign News

SkyMall files for bankruptcy protection

NEW YORK: SkyMall, whose in-flight shopping catalogues have long been a staple of airline travel, has filed for bankruptcy protection, blaming changing consumer habits and the loss of contracts from two major carriers, Delta and Southwest.

26 January 2015 | 12:00AM |

Foreign News

All eyes on the Fed

NEW YORK: The Federal Reserve could be key for Wall Street this week as investors get to hear from the US central bank for the first time since a series of moves by its global peers, including the European Central Bank’s massive stimulus plan.

26 January 2015 | 12:00AM |

Foreign News

Foreign holdings in local banks likely to drop further

PETALING JAYA: Foreign shareholdings of some Malaysian banks could slip further, impacting valuations amid the weaker ringgit spurred by the decline in crude oil prices and in anticipation of interest rate hikes in the United States, said analysts.

26 January 2015 | 12:00AM |

Banking

No festive cheer for ad sector

PETALING JAYA: The festive season in December failed to bring the needed respite for the advertising industry, weighing down the country’s media advertising expenditure (adex) growth at only 4.7% for 2014.

26 January 2015 | 12:00AM |

Advertising & Media

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