Business

Record prices for apartments in Malaysia

PETALING JAYA: The Pavilion group is setting a record of sorts as it has priced its high-rise serviced residential units of its latest project – the Pavilion Suites – along Jalan Bukit Bintang starting from RM3,000 per sq ft.

Gem of a portal: Kon Sean (seated 3rd from right) posing with employees of the online store.

Billionaire Quek's son starts online shopping portal

PETALING JAYA: Quek Kon Sean, the youngest son of billionaire Tan Sri Quek Leng Chan of the Hong Leong Group, has founded GEMFive, an online shopping portal that he plans to take into the regional digital space, targeting Singapore and Indonesia next.

Bank rate cut not expected this year says economists

PETALING JAYA: Strengthening crude oil prices and stable external demand may stay the hand of Bank Negara policymakers on a rate cut this year.

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Interest rate cut impact

PETALING JAYA: Banking margins could be negatively impacted if the central bank decides to cut the overnight policy rate (OPR), should economic growth comes in weaker than expected.

5 May 2015 | 12:00AM |

Banking

AirAsia inks agreement benefitting 20 local universities

KUALA LUMPUR: AirAsia Bhd today signed a memorandum of agreement (MoA) with 20 local public universities to enable their 650,000 staff members and students to travel more affordably and conveniently under the AirAsia 'Waran Perjalanan Udara Awam'(WPUA) programme.

5 May 2015 | 3:24PM |

Corporate News

Trading ideas: Tune Ins, Wing Tai and MAHB

KUALA LUMPUR: JF Apex Research expects Tune Ins, Wing Tai Malaysia, Malaysia Airports (MAHB), CB Industrial Product (CBIP), Wintoni and Homeritz to see trading action on Wednesday following their fresh corporate announcements.

6 May 2015 | 9:19AM |

Business News

MAHB reviews claims

SEPANG: Malaysia Airports Holdings Bhd (MAHB) is reviewing its claims and counter-claims following the imposed liquidated and ascertained damages (LAD) on UEM-Bina Puri joint venture (JV) who were the contractors for the terminal building of KLIA2

6 May 2015 | 12:00AM |

Airlines

Overhaul, not sale, on the cards for HSBC's US arm

LONDON: HSBC is set to extend a six year overhaul of its U.S. business to revive its fortunes rather than add it to the 77 businesses sold in the past four years, the British bank's boss said on Tuesday

6 May 2015 | 11:17AM |

Banking

Videogame publisher Electronic Arts' revenue rises 5.5%

Videogame publisher Electronic Arts Inc, known for titles such as FIFA and Madden NFL, posted better-than-expected quarterly earnings and revenue on May 5, helped by strong digital sales and the release of Battlefield Hardline.

6 May 2015 | 12:02PM |

Earnings

Pharmaniaga falls on profit taking, downgrade

KUALA LUMPUR: Pharmaniaga’s share price fell to a new low of RM6.93 on Wednesday as investors locked in gains after the all-time high last week and downgrade by CIMB Equities Research.

6 May 2015 | 11:28AM |

Markets

Overhaul, not sale, on the cards for HSBC's US arm

LONDON: HSBC is set to extend a six year overhaul of its U.S. business to revive its fortunes rather than add it to the 77 businesses sold in the past four years, the British bank's boss said on Tuesday

6 May 2015 | 11:17AM |

Banking

Apple's Beats Music deals under US scrutiny

Apple Inc's move to line up deals with record labels is under U.S. antitrust scrutiny as the iphone maker prepares to debut a new version of the Beats Music streaming service, Bloomberg reported, citing people familiar with the matter.

6 May 2015 | 10:43AM |

Stocks

Trading ideas: Tune Ins, Wing Tai and MAHB

KUALA LUMPUR: JF Apex Research expects Tune Ins, Wing Tai Malaysia, Malaysia Airports (MAHB), CB Industrial Product (CBIP), Wintoni and Homeritz to see trading action on Wednesday following their fresh corporate announcements.

6 May 2015 | 9:19AM |

Business News

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