Business

Stiffer penalties for telcos and broadcasting industries

PETALING JAYA: Companies in the telecommunications and broadcasting industries will be subjected to stiffer penalties that at the moment are described as measly by the minister in charge of ensuring the operators providing services toe the line.

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.

Shahril: ‘We will have 10 main packages compared to eight in the first line.’

RM10bil MRT tunnelling job, tender to start this week,

KUALA LUMPUR: The tunnelling job for mass rapid transit (MRT) line 2 is expected to be about RM10bil, the most expensive package of the RM28bil project.

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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

Will the May-Sept romance on the stock market turn rocky?

IN view of the consensus for a US rate hike in September, will the May-September romance on the stock market turn rocky? This is the question on most investors’ minds as the equities bet is left standing with a lot of changes happening in the last four weeks that have gone against expectations.

25 May 2015 | 12:00AM |

Stocks

Tenaga, Sime Darby under pressure while IFCA MSC skids

KUALA LUMPUR: Tenaga Nasional and Sime Darby fell on Monday on fund selling and erased nearly seven points from the FBM KLCI at the midday break while IFCA MSC attracted attention after the sharp fall in its share price.

25 May 2015 | 1:36PM |

Markets

Better adex seen in H2

PETALING JAYA: Advertising expenditure (adex) is expected to improve in the second half (H2) of this year, as advertisers start adapting to the implementation of the goods and services tax (GST) and “start spending confidently” again.

25 May 2015 | 12:00AM |

Stocks

Tenaga, Sime Darby under pressure while IFCA MSC skids

KUALA LUMPUR: Tenaga Nasional and Sime Darby fell on Monday on fund selling and erased nearly seven points from the FBM KLCI at the midday break while IFCA MSC attracted attention after the sharp fall in its share price.

25 May 2015 | 1:36PM |

Markets

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