Business

PUBLIC Accounts Committee (PAC) chairman Datuk Nur Jazlan Mohamed speaks during a press conferences after he a meeting at Parliament today.AZHAR MAHFOF/The star (25/5/2019)

Auditors under scrutiny in 1MDB probe

PETALING JAYA: The auditors of 1Malaysia Development Bhd (1MDB) will now be the focus of the inquiry by the Public Accounts Committee (PAC) after two key witnesses asked for a delay to appear before the committee.

TNB loses RM6bil in value over six days

PETALING JAYA: The mere speculation of purchasing the power assets under 1Malaysia Development Bhd (1MDB) had caused Tenaga Nasional Bhd (TNB) to lose some RM6bil in value over the last six trading days.

Grand-Flo upbeat on property development

PETALING JAYA: Property development is expected to provide half of Grand-Flo Bhd’s revenue this year, compared with a 20% contribution in 2014.

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Malaysian stocks continue downtrend

PETALING JAYA: Bucking the trend of Asian markets that were generally on an uptrend, the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) continued its downtrend, as it shed another 20.12 points or 1.13% to close at 1,767.38 points yesterday on the back of rising political undercurrents in the market. While global investors were net purchasers of Asian equity last week, they continued to be net sellers of Malaysian equity.

26 May 2015 | 12:00AM |

Stocks

Market sentiment takes a hit as Tenaga slumps

KUALA LUMPUR: Malaysia’s blue chips index, the FBM KLCI, closed down more than 20 points on Monday as market sentiment took a hit on worries Tenaga Nasional may buy 1MDB’s power assets at lofty prices.

25 May 2015 | 5:17PM |

Market Wrap

Largest drop: Tourists visit Singapore’s famous Merlion in front of the skyline of the city’s financial business district. The city state’s headline CPI has been falling on a year-on-year basis since November, dragged down by a slide in global oil prices in the second half of last year as well as falls in housing rents and private road transport costs. – AFP

Singapore CPI drop biggest in five years

SINGAPORE: Singapore’s consumer prices recorded their biggest year-on-year drop in five years in April, an outcome analysts said could open the way to further monetary easing if economic growth disappoints later this year.

26 May 2015 | 12:00AM |

Economy

EPF i-Akaun usage increases 100%

KUALA LUMPUR: The usage of i-Akaun, an online facility to check Employees Provident Fund (EPF) savings, has increased to over 100% in the first quarter ended March 31.

25 May 2015 | 6:10PM |

Business News

IFCA MSC slumps after CFO resigns (Update)

KUALA LUMPUR: IFCA MSC warrants and shares fell to their lowest since mid-April, triggered by rising investor worries following the resignation of its chief financial officer without any news of a fresh appointment.

25 May 2015 | 10:33AM |

Markets

Malaysian palm oil price higher as strong exports lift

KUALA LUMPUR: Malaysian palm oil futures ended higher on Monday after touching their lowest level this month, lifted by strong exports in the No.2 grower, but a delay to export levies in the world's top producer Indonesia mounted some pressure onto the contract.

26 May 2015 | 6:51AM |

Palm Oil

Khazanah picks administrator for Malaysia Airlines

KUALA LUMPUR: Khazanah Nasional Bhd has appointed Datuk Mohammad Faiz Azmi as administrator for Malaysian Airline System Bhd (MAS) from Monday as it transitions to the new company Malaysia Airlines Bhd (MAB).

25 May 2015 | 9:54AM |

Airlines

Britain tells EC president that Europe must change

LONDON: British Prime Minister David Cameron told the president of the European Commission that the country needed a new deal on Europe, before he presses his case for reforms to the bloc with other national leaders this week.

26 May 2015 | 8:15AM |

Economy

Higher earnings for Tiong Nam

KUALA LUMPUR: Tiong Nam Logistics Holdings Bhd posted a net profit of RM36.96mil for its fourth quarter ended March 31, up 20.2% from RM30.75mil in the same period last year.

26 May 2015 | 8:10AM |

Corporate News

Malaysian palm oil price higher as strong exports lift

KUALA LUMPUR: Malaysian palm oil futures ended higher on Monday after touching their lowest level this month, lifted by strong exports in the No.2 grower, but a delay to export levies in the world's top producer Indonesia mounted some pressure onto the contract.

26 May 2015 | 6:51AM |

Palm Oil

Business at the high end is grand for Trump

NEW YORK: Warning bells have sounded on the health of golf, from lower participation and course closures to environmental demands for reduced water use, but billionaire Donald Trump says business at the high end is grand.

26 May 2015 | 6:41AM |

Stocks

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