Business

1MDB’s cash crunch

The next nine years are crucial for fund, as its obligations are estimated at some RM40bil

Smart banking, potential higher return

Maybank Islamic‘s new Syariah-compliant Mudarabah Investment Account (IA) allows customers to potentially earn higher and stable returns. The investment account products are to be launched on the 16 June 2015.

Allam: ‘My advisors told me not to do it because I wasn’t a football man, but I did it exactly for that reason.’

The ‘tiger’ of Hull City

Self-made tycoon Allam is used to fighting against great odds

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Bank of England confirms EU exit research after email misfire

LONDON: The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a newspaper about the supposedly confidential research project.

23 May 2015 | 9:50PM |

Banking

1MDB and SRC’s unique positions

AS far as being a Government-linked company goes, 1Malaysia Development Bhd (1MDB) and its former subsidiary, SRC International Sdn Bhd, are unique.

23 May 2015 | 12:00AM |

1mdb

A year after Thai coup, stability trumps growth for business

BANGKOK: When Thailand's army seized power in a bloodless coup, much of the business establishment quietly cheered them on. A year on, the captains of Thai industry remain firmly behind the junta, despite a lacklustre economy and a delayed return to democracy.

23 May 2015 | 6:58AM |

Economy

Datuk Nur Jazlan Mohamed

Lower auditing standards seem to have been applied

PUBLIC Accounts Committee (PAC) chairman Datuk Nur Jazlan Mohamed (pic) is a busy man. On Tuesday, the PAC launched an investigation into the dealings of 1Malaysia Development Bhd (1MDB) to get to the bottom of just what had happened to the cash-strapped strategic investment company.

23 May 2015 | 12:00AM |

1MDB

Eye on stock: MENANG

AFTER pulling back from a rally peak of RM1.33 on July 3, 2014, the best level in 17 years, to a low of 61.5 sen on Dec 24, last year amid extended profit-taking, Menang Corp Bhd staged a nice rebound in an attempt to heal.

23 May 2015 | 12:00AM |

Eye-on-stock

Frothy valuations

INVESTORS who has put their money in the Hong Kong Stock Exchange (HKEx) saw it coming. But nobody knew what to do when the stocks that were trading at lofty valuations came crashing down.

23 May 2015 | 12:00AM |

haner goldin

Greek PM says on final stretch towards deal with lenders

ATHENS: Greece's Prime Minister Alexis Tsipras said on Saturday his leftist-led government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity.

23 May 2015 | 9:51PM |

Economy

Investment to herald casino resorts for Luster

PLASTICS manufacturer Luster Industries Bhd seeks to reap a decent two-digit return from its foray into the lottery business in Cambodia, its company officials say. The investment is also expected to be a springboard for its long-term plan to develop its own casinos and hotels in that country.

23 May 2015 | 12:00AM |

luster

Greek PM says on final stretch towards deal with lenders

ATHENS: Greece's Prime Minister Alexis Tsipras said on Saturday his leftist-led government was on the final stretch of negotiations with its international lenders on a cash-for-reforms deal that would not involve further pension cuts and harsh austerity.

23 May 2015 | 9:51PM |

Economy

Bank of England confirms EU exit research after email misfire

LONDON: The Bank of England plans to assess the implications of a possible British exit from the European Union, it said in a statement, confirming an email it inadvertently sent to a newspaper about the supposedly confidential research project.

23 May 2015 | 9:50PM |

Banking

Malaysian palm oil price at 3-week low on demand worries

KUALA LUMPUR: Malaysian palm oil futures fell on Friday and hit their lowest level in 3 weeks, snapping a two-week uptrend, on rising scepticism among investors about the sustainability of the robust export demand seen this month.

23 May 2015 | 7:03AM |

Palm Oil

A year after Thai coup, stability trumps growth for business

BANGKOK: When Thailand's army seized power in a bloodless coup, much of the business establishment quietly cheered them on. A year on, the captains of Thai industry remain firmly behind the junta, despite a lacklustre economy and a delayed return to democracy.

23 May 2015 | 6:58AM |

Economy

US Fed on track to hike rates as economic headwinds wane

PROVIDENCE, R.I.: Federal Reserve Chair Janet Yellen was clearer than ever on Friday that the central bank was poised to raise interest rates this year, as the U.S. economy was set to bounce back from an early-year slump and as headwinds at home and abroad waned.

23 May 2015 | 6:50AM |

Economy

US stocks down after Fed comments fail to inspire

NEW YORK: U.S. stocks ended weaker on Friday after Federal Reserve Chair Janet Yellen indicated that the central bank was poised to raise interest rates this year, in line with Wall Street's expectations.

23 May 2015 | 6:46AM |

Stocks

Datuk Nur Jazlan Mohamed

Lower auditing standards seem to have been applied

PUBLIC Accounts Committee (PAC) chairman Datuk Nur Jazlan Mohamed (pic) is a busy man. On Tuesday, the PAC launched an investigation into the dealings of 1Malaysia Development Bhd (1MDB) to get to the bottom of just what had happened to the cash-strapped strategic investment company.

23 May 2015 | 12:00AM |

1MDB

1MDB and SRC’s unique positions

AS far as being a Government-linked company goes, 1Malaysia Development Bhd (1MDB) and its former subsidiary, SRC International Sdn Bhd, are unique.

23 May 2015 | 12:00AM |

1mdb

Petronas confident of resolving Canadian issues

PETRONAS boss Datuk Wan Zulkiflee Wan Ariffin aims to sign a conditional final investment decision (FID) for its proposed multi-billion-ringgit liquefied natural gas (LNG) export terminal in Canada in the coming weeks.

23 May 2015 | 12:00AM |

petronas

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