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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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

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

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

New shareholder for Ingenco

PETALING JAYA: A new shareholder has emerged in ACE market-listed Ingenuity Consolidated Bhd (Ingenco) and he is said to take over as the company’s new managing director.

1 April 2015 | 12:00AM |

Stocks

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

Tajuddin flanked by Bursa director of regulations Selvarany Rasiah (left) and director of corporate services Rosidah Baharom at Bursa Malaysia’s 38th AGM in Kuala Lumpur.

Bursa CEO: GST on services rendered only

KUALA LUMPUR: The 6% goods and services tax (GST) will not be imposed on securities, but only on the services rendered during a transaction, said Bursa Malaysia chief executive officer Datuk Tajuddin Atan.

1 April 2015 | 12:00AM |

Taxation

Car dealers can claim sales tax refund

PETALING JAYA: Local car companies can claim the 10% sales tax on unsold stock after the implementation of the goods and services tax (GST) – if they can produce documented proof of purchase.

1 April 2015 | 12:00AM |

Auto

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

Asian shares rise in early trade Thursday

TOKYO: Asian shares rose on Thursday, shrugging off weak U.S. data overnight that raised concerns ahead of Friday's key employment figures, as investors covered positions ahead of the Easter holidays.

2 April 2015 | 8:43AM |

Stocks

CIMB Research maintains Reduce on BAT

KUALA LUMPUR: CIMB Equities Research has reduced its earnings forecast for British American Tobacco (M) Bhd (BAT) as it lowers the earnings outlook and sales volume following the hike in selling prices with the implementation of the Goods and Services Tax (GST).

2 April 2015 | 8:22AM |

Analyst Reports

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