Business

Dealing with the staggering percentage of EPF members with insufficient retirement funds is critical.

Retiring into poverty

SOME time back, a white-collar foreign worker told me he wished he had worked in Malaysia earlier. The reason for his frank opinion is his retirement savings. He calculated that he would have had a tidy nest egg that would have been enough for him to retire with despite having worked in Malaysia for far less a time than most Malaysians would have.

The transporting landscape is quietly transforming

THE supposedly boring landscape of logistics has been quietly transforming. For the longest time, logistics was seen as something old – think lorry trucks, low wages, intensity of labour, and the loading and unloading of goods.

DoubleTree by Hilton will strengthen Royal Group’s portfolio

RANKED 20th among Singapore’s top-50 richest, with a net worth of US$1.4bil (RM5bil) by Forbes last year, founder and chairman of Royal Group Holdings Asok Kumar Hiranandani knows it too well when he has gotten a good deal.

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Going up is the way forward

AS land prices get more expensive, warehouse owners plan their new buildings in tandem with the direction of the land cost: upwards.

18 April 2015 | 12:00AM |

Logistics

How a M’sian took China by storm

Known globally as the WeChat Company, Tencent is the largest Internet service provider in Asia, with a market capitalisation (as of April 16, 2015) of US$193bil. It delivers value-added Internet, mobile/ telecom services and online advertising, in order to fulfil the strategic goal of providing users with “one-stop online lifestyle services”.

18 April 2015 | 12:00AM |

Corporate News

An aerial view of Johor Baru and Singapore (at the back) links by the Johor Causeway.

Cost-sharing likely for HSR

THE development cost high-speed rail (HSR) project linking Kuala Lumpur and Singapore could possibly be divided between the two governments based on geographical location of the project’s infrastructure.

18 April 2015 | 12:00AM |

Construction

Afzal: ‘The option is there but it is not free. I have to pay for the shares and I have not figured out a way how to fund the purchase yet.’

TdC rewards CEO

Share option is for taking company out of the rut, giving it new lease of life and expanding its operations beyond fixed-line business

18 April 2015 | 12:00AM |

Telcos

Banking outlook remains challenging

THE banking industry will likely continue to experience a challenging environment and margin compression as banks compete to fulfil their LCR requirements after the ruling by Bank Negara.

18 April 2015 | 12:00AM |

Banking

Optimism on the Ringgit

MALAYSIA’S sale of US dollar-denominated bonds of US$1.5bil in two tenures of 10 and 30 years reflects an optimistic view of the ringgit.

18 April 2015 | 12:00AM |

Economy

UMW Oil & Gas Corps NAGA 7 Jack up drilling rig

UMW O&G still coping well

IT’S not the best of times for oil and gas exploration companies and the effects of the crunch in crude oil prices have been felt in the scope of work for the oil drillers.

18 April 2015 | 12:00AM |

Oil & Gas

22 new foreign fund managers at Invest M’sia

KUALA LUMPUR: Twenty-two new foreign fund managers will participate at the two-day 11th Invest Malaysia (IMKL2015) conference from April 23 here, says Bursa Malaysia Bhd director, securities market, Ong Li Lee.

17 April 2015 | 12:00AM |

Investing

KUALA LUMPUR, 16 April -- Petronas melantik Md Arif Mahmood sebagai Naib Presiden Eksekutif dan Ketua Pegawai Eksekutif Perniagaan Hiliran, menggantikan Datuk Wan Zulkiflee Wan Ariffin, berkuat kuasa, Khamis.Md Arif sebelum ini berkhidmat sebagai Naib Presiden Kanan, Strategi Korporat & Risiko.Beliau menyertai Petronas pada 1984 sebagai jurutera pelatih dan memegang pelbagai jawatan pengurusan kanan di Petronas, termasuk di Engen Petroleum, Unit Perancangan Korporat, Petronas Gas, Petronas Dagangan, dan ASEAN Bintulu Fertilizer.Md Arif pernah berkhidmat sebagai Naib Presiden Perniagaan Minyak.--fotoBERNAMA (2015) HAKCIPTA TERPELIHARA

Petronas’ new appointments

PETALING JAYA: Petroliam Nasional Bhd (Petronas) has appointed Md Arif Mahmood (pic) as executive vice-president and chief executive officer of its downstream business effective since yesterday, giving the former head of corporate strategy and risk, a seat on the oil giant’s powerful executive committee.

17 April 2015 | 12:00AM |

petronas

RHB to sell insurance arm? (Update)

PETALING JAYA: RHB Capital Bhd (RHBCap), which is undertaking a major corporate restructuring, may dispose of or reduce its interest in its insurance arm, RHB Insurance Bhd, to further unlock value in the group.

17 April 2015 | 12:00AM |

Banking

Going up is the way forward

AS land prices get more expensive, warehouse owners plan their new buildings in tandem with the direction of the land cost: upwards.

18 April 2015 | 12:00AM |

Logistics

Afzal: ‘The option is there but it is not free. I have to pay for the shares and I have not figured out a way how to fund the purchase yet.’

TdC rewards CEO

Share option is for taking company out of the rut, giving it new lease of life and expanding its operations beyond fixed-line business

18 April 2015 | 12:00AM |

Telcos

Optimism on the Ringgit

MALAYSIA’S sale of US dollar-denominated bonds of US$1.5bil in two tenures of 10 and 30 years reflects an optimistic view of the ringgit.

18 April 2015 | 12:00AM |

Economy

Yeoh: ‘We are open to options as to how we will finance a particular project.’

PRG’s diversified strategy

THE name PRG Holdings Bhd may still not ring a bell for most but the face behind the company is a familiar one within the local property industry.

18 April 2015 | 12:00AM |

Property

UMW Oil & Gas Corps NAGA 7 Jack up drilling rig

UMW O&G still coping well

IT’S not the best of times for oil and gas exploration companies and the effects of the crunch in crude oil prices have been felt in the scope of work for the oil drillers.

18 April 2015 | 12:00AM |

Oil & Gas

Mulpha Land takeover offer lapses

PETALING JAYA: The takeover offer of property developer Mulpha Land Bhd by Teladan Kuasa Sdn Bhd has lapsed with negligible percentage of acceptances.

18 April 2015 | 12:00AM |

Property

Ringgit in fourth weekly advance

KUALA LUMPUR: Malaysia’s ringgit advanced for a fourth week, the longest rally since July, as oil prices rose and on speculation the United States will delay interest-rate increases that could trigger outflows from emerging markets.

18 April 2015 | 12:00AM |

Banking

Proton JV plans Lotus expansion in China

PETALING JAYA: Proton Holdings Bhd, the holding company of Lotus Group, has entered into a joint venture (JV) agreement with UK-based Lotus Group International Ltd (Lotus Group) and Goldstar Heavy Industrial Co Ltd (Goldstar) to possibly expand the Lotus car business in China.

18 April 2015 | 12:00AM |

Auto

Vehicle sales surge in March ahead of GST

KUALA LUMPUR: Vehicle sales in the country jumped to 67,314 units in March 2015, a 33.6% increase from February, ahead of the implementation of the goods and services tax (GST) on April 1.

18 April 2015 | 12:00AM |

Auto

Tech, media and telecoms M&As hit 9-year high

LONDON: Worldwide dealmaking in the technology, media and telecoms (TMT) sectors is at its highest level year-to-date since 2006, buoyed by Nokia’s 15.6-billon-euro (US$16.9bil) bid for Alcatel-Lucent this week, Thomson Reuters data show.

18 April 2015 | 12:00AM |

Technology

Airbus upbeat on jet market

PARIS: Airbus sees continued strength in the aircraft market and may be able to increase production of its most popular jets beyond their planned rates if that trend continues, the head of the European planemaker said.

18 April 2015 | 12:00AM |

Airlines

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