Business

Upside for ringgit

PETALING JAYA: The worst seems to be over for the ringgit for now.

Malaysian Retailers Association cut outlook for third time this year

KUALA LUMPUR: Malaysia Retailers Association (MRA) have lowered the projected retail sales growth rate in 2015 for the third time from 4.9% to 4.0% as consumers hold back their spending due to higher costs of living, a weak Ringgit and higher cost of doing business.

UEM Sunrise bets on landed properties

NUSAJAYA: UEM Sunrise Bhd sees demand for landed residential properties in Iskandar Malaysia remaining good, as most prospective property buyers still prefer this type of properties.

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Former MAS CEO and EPU D-G join Taliworks

KUALA LUMPUR: Former Malaysia Airlines managing director and chief executive officer Ahmad Jauhari Yahya and former Economic Planning Unit (EPU) director-general Raja Datuk Zaharaton Raja Zainal Abidin have joined Taliworks Corp Bhd as independent, non-executive directors.

2 July 2015 | 7:15PM |

Corporate News

Market rally seen temporary

PETALING JAYA: The local stock market and the ringgit rallied to their best levels in weeks after Fitch Ratings upgraded its outlook on Malaysia’s government debt to “stable” from “negative”, but market observers warn that the relief may be temporary as concerns continue to loom.

2 July 2015 | 12:00AM |

market

Stiff competition to affect telcos’ profits

PETALING JAYA: Profits of telecommunication companies (telcos) in the second quarter ended June 30 may fall short of market’s expectation, as the industry struggles with weak prepaid reload sales and stiff competition.

2 July 2015 | 12:00AM |

telco

Bumi Armada boosts allocation for FPSO operations

KUALA LUMPUR: Bumi Armada Bhd has revised how its rights issue’s gross proceeds of RM1.979bil will be utilised, raising the allocation for its floating production, storage and offloading (FPSO) and the new floating gas solutions (FGS) business units.

1 July 2015 | 8:28PM |

Corporate News

Former MAS CEO and EPU D-G join Taliworks

KUALA LUMPUR: Former Malaysia Airlines managing director and chief executive officer Ahmad Jauhari Yahya and former Economic Planning Unit (EPU) director-general Raja Datuk Zaharaton Raja Zainal Abidin have joined Taliworks Corp Bhd as independent, non-executive directors.

2 July 2015 | 7:15PM |

Corporate News

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