Business

Ekuinas stays in Icon

KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) has dismissed any notion of it wanting to exit Icon Offshore Bhd, an oil and gas (O&G) service provider that is under probe for alleged corrupt practices.

Figs during the budding stage.

Big on figs

Fig farmer Ridzuan Abdullah tells ZIEMAN he is on a mission to popularise figs and to show that Malaysia is the only country where you can grow it all year round.

Credit card can be a useful tool to the discerning user.

Not all debt is bad

SINCE the US subprime mortgage crisis of 2007–2008, we have had an influx of credit and debt related news such as the European sovereign debt crisis (often referred to as the eurozone crisis), the European Central Bank’s quantitative easing (QE) programme and, closer home, 1MDB.

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IJM eyes 1MDB power assets

KUALA LUMPUR: Construction group IJM Corp Bhd, which is on the lookout for power generation assets to venture into that sector, is exploring the possibility if it can acquire the power plants under 1Malaysia Development Bhd (1MDB).

4 May 2015 | 4:54PM |

Corporate News

Exclusive: GM set to storm India as Korea costs climb

BEIJING/NEW DELHI (Reuters) - General Motors aims to grab at least 5 percent market share in India within the next decade, as it sees that market overtaking Japan as the world's third biggest with projected annual sales of 8 million vehicles by 2025.

4 May 2015 | 12:56PM |

Foreign News

New Bank Negara quidelines seen weighing on earnings.

PETALING JAYA: The recent Bank Negara revised guidelines on restructured and rescheduled (R&R) loans could hit the asset quality of banks and impact its earnings this year amid the compression in net interest margins, slower loan growth and softer capital market activities in the banking sector.

4 May 2015 | 12:00AM |

Banking

Asian shares rise as weak China data spurs stimulus bets

HONG KONG: Asian stocks bounced off lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world's second-largest economy.

4 May 2015 | 2:24PM |

Markets

Petronas completes asset acquisition

BAKU: Malaysia’s state-owned oil and gas (O&G) giant Petronas has completed its transaction for the acquisition of O&G related assets in Azerbaijan, following a sales and purchase agreement it signed with Norway-based Statoil in October last year.

4 May 2015 | 12:00AM |

Oil & Gas

World Bank's pension investments clash with principles

WASHINGTON: The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing.

4 May 2015 | 2:19PM |

Banking

Bull market 'supercycle' for stocks, bonds ending

NEW YORK: The bull market "supercycle" for stocks and bonds is approaching an end, as the unconventional monetary policies that have bolstered asset prices since the financial crisis are running out, widely followed investor Bill Gross said on Monday.

5 May 2015 | 6:45AM |

Stocks

US factory orders rebound solidly, but trend still soft

WASHINGTON: New orders for U.S. factory goods recorded their biggest increase in eight months in March, boosted by demand for transportation equipment, but the underlying trend remained weak against the backdrop of a strong dollar.

5 May 2015 | 6:41AM |

Economy

IJM eyeing 1MDB's power generation assets

PETALING JAYA: IJM Corp Bhd former chief executive officer and managing director Datuk Teh Kean Ming (pic) leaves a diversified group that has its finger in several pies, from construction to ports and plantations, with all five of its core business units moving full steam ahead.

5 May 2015 | 12:00AM |

Stocks

IJM eyes 1MDB power assets

KUALA LUMPUR: Construction group IJM Corp Bhd, which is on the lookout for power generation assets to venture into that sector, is exploring the possibility if it can acquire the power plants under 1Malaysia Development Bhd (1MDB).

4 May 2015 | 4:54PM |

Corporate News

Asian shares rise as weak China data spurs stimulus bets

HONG KONG: Asian stocks bounced off lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world's second-largest economy.

4 May 2015 | 2:24PM |

Markets

World Bank's pension investments clash with principles

WASHINGTON: The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing.

4 May 2015 | 2:19PM |

Banking

Exclusive: GM set to storm India as Korea costs climb

BEIJING/NEW DELHI (Reuters) - General Motors aims to grab at least 5 percent market share in India within the next decade, as it sees that market overtaking Japan as the world's third biggest with projected annual sales of 8 million vehicles by 2025.

4 May 2015 | 12:56PM |

Foreign News

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