Business

An aerial view of Pusat Bandar Damansara. The nine office blocks will be built in an area that currently houses office buildings that used to have Government agencies such as the Immigration Department as tenants.

New benchmark; developer selling 9 blocks of office space

PETALING JAYA: There is no shortage of takers for one million sq ft of office space coming onstream in Pusat Bandar Damansara at prices that are setting a new benchmark in the area despite the soft demand for this category of property.

Challenging year for palm oil industry

PETALING JAYA: Boustead Plantations Bhd sees a “challenging” year ahead for the palm oil industry and that crude palm oil (CPO) prices could decline further in the second half of the year. Vice-chairman Tan Sri Lodin Wok Kamaruddin said the price was hovering around RM2,200 per tonne now.

Brahim unit secures catering extension deal with Malaysia Airlines

PETALING JAYA: Brahim’s Airline Catering Sdn Bhd (BAC) has entered into an extension agreement (EA) with Malaysia Airlines (MAS) which extends its new catering agreement (NCA) cut off date to April 30.

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No GST for EPF withdrawals

KUALA LUMPUR: The Employees Provident Fund (EPF) has informed its members that Goods and Services Tax (GST) will not be imposed on EPF withdrawals.

2 April 2015 | 3:51PM |

Taxation

Wong leaves GD Express

KUALA LUMPUR: GD Express Carrier Bhd executive director and chief operating officer Wong Eng Su has resigned from his position in the company on April 1, 2015.

2 April 2015 | 4:49PM |

Corporate News

Star's Cityneon secures “Marvel-lous” deal

KUALA LUMPUR: Star Media Group’s subsidiary Cityneon Holdings Ltd has secured the rights to provide exhibition services for the famous Marvel characters in a S$21mil deal to be financed by a combination of cash and shares.

2 April 2015 | 9:27AM |

Corporate News

Farid: Ringgit should trade at 3.30 to US dollar

SINGAPORE: The ringgit should be trading at 3.30 to the US dollar, if one were to take into account the country’s reserves and the difference between the spot forward rates, said Malayan Banking Bhd (Maybank) group president and chief executive officer Datuk Abdul Farid Alias. He said that liquidity flow, alongside greed and fear, had caused the ringgit to trade at the 3.70 level.

1 April 2015 | 12:00AM |

Banking

Flight bans could affect AirAsiaX

Bangkok: Thai AirAsiaX could lose some 150,000 passengers this year if Japan does not allow it to begin flights to Sapporo from July 1, chief executive Nadda Buranasiri said.

1 April 2015 | 7:06AM |

Airlines

Perodua to reduce car prices up to 1.6% under GST

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) will reduce its vehicle prices by between 0.1% and 1.6% depending on the models with the implementation of the Goods and Services Tax (GST) on Wednesday.

1 April 2015 | 6:53PM |

Automotive

Cititower signs RM3.2bil Islamic financing

PETALING JAYA: CIMB and Maybank’s respective investment banking arms, CIMB Investment Bank Bhd (CIMB) and Maybank Investment Bank Bhd (Maybank IB), have entered into an agreement with Cititower Sdn Bhd for a 20-year RM3.2bil syndicated Islamic term financing (ITF).

2 April 2015 | 12:00AM |

Banking

Wong now helms Mudajaya

PETALING JAYA: Construction company Mudajaya Group Bhd’s chief operating officer (COO) James Wong has now stepped up as group managing director (MD) and chief executive officer (CEO) amidst an ongoing internal investigation into irregular transactions involving one of its projects.

2 April 2015 | 12:00AM |

Property

No GST for EPF withdrawals

KUALA LUMPUR: The Employees Provident Fund (EPF) has informed its members that Goods and Services Tax (GST) will not be imposed on EPF withdrawals.

2 April 2015 | 3:51PM |

Taxation

BHIC to focus on servicing navy over next 5 years

KUALA LUMPUR: Boustead Heavy Industries Corporation Bhd’s (BHIC) top priority will continue to be servicing the Royal Malaysian Navy for ship building, repair and maintenance over the next five years, said its chairman Tan Sri Lodin Wok Kamaruddin.

2 April 2015 | 3:10PM |

Corporate News

Star's Cityneon secures “Marvel-lous” deal

KUALA LUMPUR: Star Media Group’s subsidiary Cityneon Holdings Ltd has secured the rights to provide exhibition services for the famous Marvel characters in a S$21mil deal to be financed by a combination of cash and shares.

2 April 2015 | 9:27AM |

Corporate News

EU lays groundwork to file antitrust charges against Google

NEW YORK: Europe's competition regulator is preparing the groundwork to file charges against Google Inc in the antitrust investigation over the next few weeks, the Wall Street Journal reported on Wednesday, citing a person familiar with the matter.

2 April 2015 | 8:57AM |

Stocks

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