Business

Expert: GST to have mininal impact on property sector

KUALA LUMPUR: The goods and services tax (GST) is expected to be a mere blip on the property sector, with a rise of not more than 3% to 4% in terms of property prices, according to property consultancy Rahim & Co executive chairman Tan Sri Abdul Rahim Abdul Rahman.

AmBank's MD Ashok to step down

PETALING JAYA: AMMB Holdings Bhd (AmBank Group), which has been reported to be going through a change at the helm of its management, said that group managing director (MD) Ashok Ramamurthy (pic) would be stepping down as part of a planned transition at the banking group.

Misif urges Govt to lower electricity tariffs

PETALING JAYA: The Malaysian Iron and Steel Industry Federation (Misif) has urged the Government to lower electricity tariffs so that Malaysia can avoid losing its competitive edge in Asean and global markets.

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M'sian ringgit hit by S'pore easing monetary policy

PETALING JAYA: The ringgit has become an unwitting casualty of Singapore’s surprise easing of its tightly controlled monetary policy, as the country joined a growing list of central banks around the world taking extraordinary steps in shoring up faltering economic growth as inflation slows.

29 January 2015 | 12:00AM |

Banking

Artist impression of Lakeville Taman Wahyu

Mah Sing will use new capital to expand landbank

FRESH from a rights issue exercise that will raise RM630mil to finance its landbanking strategies and a whopping unbilled sales register of RM5.1bil, Mah Sing Group Bhd is on a strong financial footing to further bolster its market leadership position and to make foray into new markets.

31 January 2015 | 12:00AM |

Property

While AirAsia has done away with fuel surcharges, there is no indication from MAS whether it will follow suit. — EPA

Little cheer for air travellers

SEVERAL global airlines have removed fuel surcharges but experts are saying travellers should brace themselves to pay the same airfares as last year as the removal is not going to translate into lower airfares.

31 January 2015 | 12:00AM |

Airlines

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