Business

Uggah (centre) says the countries aim to set up the rubber market in the next 18 months. With him are Petipong (left) and Rachmat (right).

Malaysia, Indonesia and Thailand plan market for better rubber price

KUALA LUMPUR: The world’s top rubber producers, Thailand, Indonesia and Malaysia, are targeting to set up a regional rubber market in the next 18 months that will serve as a platform for better rubber price recovery, as well as an effective hedging function for producers, consumers and market players.

Tony Fernandes to play bigger role in turning AirAsia X around

KUALA LUMPUR: AirAsia X Bhd founder Tan Sri Tony Fernandes has denied that the low-cost medium haul airline is facing management issues, although he expects to play a bigger role in turning the airline around with his partner Datuk Kamarudin Meranun.

2015 good year for Malaysian mobile phone industry

PETALING JAYA: The local mobile industry is expected to record a slightly better service revenue growth of 2.8% in 2015, while the fixed-line incumbent Telekom Malaysia Bhd’s (TM) revenue is expected to rise 4.9% year-on-year (y-o-y) in financial year 2015 (FY15).

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Malaysia’s inflation rate up 2.8% in October

KUALA LUMPUR: Malaysia’s inflation rate rose 2.8% in October from year ago, due to a spike in transport costs, but the overall rate was still below economists’ forecast of an increase of between 3% and 3.1%.

21 November 2014 | 12:54PM |

Corporate News

AirAsia offers Asean Pass

KUALA LUMPUR: AirAsia Bhd has introduced AirAsia Asean Pass that will allow travellers ease of travel within the region with a credit-based system.

21 November 2014 | 12:00AM |

Stocks

7-Eleven earnings double in Q3

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd’s earnings surged 109% to RM17.12mil in the third quarter ended Sept 30, 2014 from RM8.19mil a year ago, driven mainly by the sales growth and gross profit margin expansion.

21 November 2014 | 6:15PM |

Corporate News

Genting, CIMB and Sime top losers early Friday

KUALA LUMPUR: Foreign fund selling of key blue chips Genting Bhd, CIMB and Sime Darby pushed the FBM KLCI into the red early Friday after the set of mixed to mostly weaker corporate results in the quarter ended Sept 30.

21 November 2014 | 9:48AM |

Corporate News

SEC director with big stock holdings stirs debate

WASHINGTON: Keith Higgins, who runs the office that reviews public companies' books at the U.S. Securities and Exchange Commission, reported stock holdings worth between about $2 million and $6 million last year and the sale of stocks throughout 2014, according to SEC disclosures viewed by Reuters.

22 November 2014 | 6:54AM |

Canada sees Burger King/Tim Hortons decision before Christmas

VANCOUVER: The Canadian government will decide before Dec. 25 on whether to approve the takeover by U.S.-based Burger King Worldwide Inc of Canada's iconic coffee-and-donut Tim Hortons Inc, Industry Minister James Moore said on Friday.

22 November 2014 | 6:49AM |

World stock markets and oil prices raly

NEW YORK: World stock markets and oil prices rallied on Friday, fueled by hopes for global growth after China rolled out a surprise interest rate cut and the European Central Bank indicated it would step up asset purchases to boost the euro zone economy.

22 November 2014 | 6:46AM |

Honda in talks with other suppliers for Takata air bag fix

DETROIT: Honda Motor Co is in talks with two air bag suppliers to help it stock replacement parts for defective Takata Corp air bags, the Wall Street Journal reported on Friday, citing people aware of the planning.

22 November 2014 | 6:44AM |

Wall St. ends at records on central bank action

NEW YORK: U.S. stocks closed higher on Friday, with major indexes notching a fifth straight weekly advance after China's central bank cut its benchmark interest rate and its euro zone peer announced asset purchases in efforts to boost each region's economy.

22 November 2014 | 6:39AM |

Journey of a savvy investor

THE façade of Imperial College’s City and Guild building in South Kensington will see a slight change in 2016 when works on a rooftop laboratory start. Interestingly, the state-of-the-art facility, which will be used for drone testing, is to be named the Brahmal Vasudevan aerial robotics lab.

22 November 2014 | 12:00AM |

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