Business

Reality bites

Petronas contribution to Treasury will reduce significantly this year and the next

On Feb 10, Apple’s stock market value touched US710.7bil, making it the most valuable US company ever. – AFP

Mere innovation is not enough

IT is dogma that innovation is key to raising worker productivity – the single most important determinant in driving economic growth and hence, living standards.

RHB Cap profit down 3.6%

RHB Capital Bhd (RHB Cap) saw its net profit fall 3.6% to RM486.19mil in the fourth quarter ended Dec 31, 2014, from RM504.52mil in the corresponding period in the preceding year.

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Asian Plantations palm oil mill in Incosetia estate.

FGV’s ills go beyond accounting standards

FELDA Global Ventures Holdings Bhd’s (FGV) worst enemy is turning out to be the new accounting standards, so say the top executives of the plantation giant that draws more attention for its political prowess than commercial interest.

28 February 2015 | 12:00AM |

fgv felda

Berkshire Hathaway net profit falls

NEW YORK: Warren Buffett's Berkshire Hathaway Inc on Saturday said profit declined 17 percent in the fourth quarter from a year earlier, reflecting lower investment gains, though operating results improved.

28 February 2015 | 9:38PM |

Corporate News

Canada project on track

PETROLIAM Nasional Bhd (Petronas) will make a final investment decision (FID) on a project to build a multi-billion-ringgit liquefied natural gas (LNG) export terminal in British Columbia, Canada, by June this year.

28 February 2015 | 12:00AM |

Business

Palm oil wrongly targeted

OIL PALM plantations have been unfairly implicated by non-government organisations as the primary driver of deforestation, but the crop takes up only 0.1% or 15.6 million ha worldwide.

28 February 2015 | 12:00AM |

Business

Carlsberg profit up 16.2%

Carlsberg Brewery Malaysia Bhd posted a net profit of RM216.9mil for its financial year ended Dec 31, 2014, up 16.2% from RM186.6mil a year earlier.

28 February 2015 | 12:00AM |

Business

China cuts rates again in face of weak demand, deflation risk

BEIJING: China's central bank cut interest rates on Saturday, just days before the annual meeting of the country's parliament, in the latest effort to support the world's second-largest economy as its momentum slows and deflation risks rise.

28 February 2015 | 9:34PM |

Banking

Earnings weakness from O&G inevitable

IT must have come as a shock for Petroliam Nasional Bhd (Petronas) to report its first quarterly loss in five years since it started reporting quarterly figures.

28 February 2015 | 12:00AM |

Business

Berkshire Hathaway net profit falls

NEW YORK: Warren Buffett's Berkshire Hathaway Inc on Saturday said profit declined 17 percent in the fourth quarter from a year earlier, reflecting lower investment gains, though operating results improved.

28 February 2015 | 9:38PM |

Corporate News

China cuts rates again in face of weak demand, deflation risk

BEIJING: China's central bank cut interest rates on Saturday, just days before the annual meeting of the country's parliament, in the latest effort to support the world's second-largest economy as its momentum slows and deflation risks rise.

28 February 2015 | 9:34PM |

Banking

India vows tough punishments to bring home undeclared cash

NEW DELHI: India said it plans tougher punishments including jail terms of up to 10 years for those who hide undeclared cash outside the country and for the banks and advisers who help them, as it tries to bring back illicit billions stashed abroad.

28 February 2015 | 9:31PM |

Banking

Greece seeks negotiations on ECB bond repayment

ATHENS: Greece called into question on Saturday a major debt repayment it must make to the European Central Bank this summer, after acknowledging it faces problems in meeting its obligations to international creditors

28 February 2015 | 9:29PM |

Banking

India to introduce gold deposit accounts

NEW DELHI: India will introduce gold deposit accounts to utilise the 20,000 tonnes available within the country and launch a sovereign bond as an alternative to buying the metal, moves that are likely to cut imports into the biggest gold consumer.

28 February 2015 | 9:27PM |

Economy

Canada project on track

PETROLIAM Nasional Bhd (Petronas) will make a final investment decision (FID) on a project to build a multi-billion-ringgit liquefied natural gas (LNG) export terminal in British Columbia, Canada, by June this year.

28 February 2015 | 12:00AM |

Business

Earnings weakness from O&G inevitable

IT must have come as a shock for Petroliam Nasional Bhd (Petronas) to report its first quarterly loss in five years since it started reporting quarterly figures.

28 February 2015 | 12:00AM |

Business

Leonard: ‘We believe this deal will set the platform for CCMD going into 2018 onwards’.

Streamlining under CCMD

PHARMACEUTICAL manufacturer CCM Duopharma Biotech Bhd’s (CCMD) chief executive officer Leonard Ariff Abdul Shatar is a man on a mission as the group prepares to embark on an ambitious consolidation plan after it acquires six pharmaceutical units from its parent company.

28 February 2015 | 12:00AM |

Business

MISC’s 2016 earnings estimate for its LNG shipping segment has been raised after the company secured the time-charter renewal contracts.

MISC bounces back on its feet

ENERGY shipping firm MISC Bhd’s recent undertaking of a US$1.1bil (RM4bil) liquefied natural gas (LNG) shipbuilding project is indication of one thing – that the once-troubled entity is back on its feet with a healthier balance sheet and expanding cautiously in a challenging industry.

28 February 2015 | 12:00AM |

Business

MSPO means more business

THE newly-implemented Malaysian Sustainable Palm Oil (MSPO) certification standard this year has garnered strong support from both domestic palm oil industry players and exporters alike.

28 February 2015 | 12:00AM |

Business

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