Business

Cautious plan

Economists feel that the targets set under 11MP are more realistic.

UEM Sunrise wants to buy more land

PETALING JAYA: UEM Sunrise Bhd will focus on land banking this year with its RM500mil-per-year cash allocation for land acquisition over the next three to four years.

MRT Line 2 has only awarded MMC Corp Bhd and Gamuda Bhd as the project delivery partner of the second rail construction based on its track record for the MRT Line 1.

MRT Line 2 cost estimated at RM28bil

KUALA LUMPUR: The development cost for the second mass rapid transit line (MRT Line 2) is estimated to be at RM28bil, higher than the earlier RM23bil price tag, mainly due to its longer underground length.

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Oil prices to face selling pressure

PETALING JAYA: The recent oil price rally doesn’t seem to have legs as prices came under pressure on stronger dollar and growing stockpile. Oil prices have been hovering around the US$65 (RM235) level since beginning of the month but a 3% slip on Tuesday caused jitters among investors. The worry is not baseless.

21 May 2015 | 12:00AM |

Oil & Gas

Axiata sees RM1.46b erased from market cap

KUALA LUMPUR: Axiata Group Bhd saw RM1.46bil wiped out from its market capitalisation on Thursday as the telco came under selling pressure due to the weak earnings prospects for 2015.

21 May 2015 | 5:30PM |

Markets

Celcom Axiata supports affordable packages strategy

KUALA LUMPUR: Celcom Axiata Bhd has come out in full support of the Ministry of Communications and Multimedia’s objective to offer more affordable packages for all Malaysians to enjoy.

22 May 2015 | 1:32PM |

April inflation rate up slower than expected

KUALA LUMPUR: Malaysia’s inflation rate, as measured by the Consumer Price Index (CPI), rose at a slower pace of 1.8% from a year ago, which was below a survey of a 2.2% rise.

22 May 2015 | 12:00PM |

Economy

Gould: ‘On average, we are living longer and more healthily, thanks to better healthcare access’.

Higher retirement age seen

KUALA LUMPUR: Global and economic trends indicate that the retirement age may need to be revised further upwards again should the trend of an ageing population and longer life span continue.

21 May 2015 | 12:00AM |

Personal Finance

Dollar surge cools, eyes on Yellen, inflation

LONDON: The dollar edged lower on Friday but remained on course for its first week of gains against the euro and a basket of major currencies since the start of April ahead of inflation numbers later in the day.

22 May 2015 | 4:07PM |

Business News

M'sian firms rake in RM34.29m sales

KUALA LUMPUR: Malaysian companies raked in RM34.29 million in total sales, an increase of almost 222% from RM10.66 million last year, at the recent Hong Kong Trade Development Corporations Hong Kong Gifts and Premium Fair.

22 May 2015 | 2:00PM |

Business News

Not necessary to reopen support centres in China, says MAS

KUALA LUMPUR: Malaysia Airlines reiterated its commitment to continuously assist family members of the MH370 passengers via alternative platforms and that the reopening of the Family Communication and Support Centres will not be necessary, said the airlines.

22 May 2015 | 1:56PM |

Business News

Samchem eyes better performance in FY15

KUALA LUMPUR: Industrial chemicals distributor, Samchem Holdings Bhd targets a stronger performance in the current financial year ending Dec 31, 2015 by growing the profitability of its Malaysia operations.

22 May 2015 | 1:50PM |

Business News

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