Business

Consumers are expected to adopt a “wait-and-see” approach on the prices of goods and services before resuming their purchases following the implementation of GST.

Retail sector likely to expand by 5.5%

PETALING JAYA: The retail industry is expected to grow by 5.5% in 2015 from an earlier projected figure of 6%, according to Retail Group Malaysia, a retail research firm.

From left: Kedah executive committee member Datuk Dr Ku Abd Rahman Ku Ismail, Mukhriz, Ahmad and Malaysia Automotive Institute CEO Mohd Madani Sahari at the car launch.

GoAuto to invest RM250m in Gurun

GURUN: Go Automobile Manu-facturing Sdn Bhd (GoAuto) has spread its wings here with a new investment of RM250mil to build a second plant.

AirAsia earnings still intact

PETALING JAYA: Industry analysts generally concur that AirAsia Bhd’s earnings prospect remains intact despite its decision to abolish fuel surcharges across all airlines in the group.

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Lim reprimanded, fined RM140,000

PETALING JAYA: Bursa Malaysia has publicly reprimanded and imposed a fine of RM140,000 on Lim Chin Wat and ordered a restriction on him from being a registered person of the bourse for 12 months.

27 January 2015 | 12:00AM |

Bursa

Oil slides despite OPEC talk of a floor

NEW YORK: Oil fell in see-saw trade on Monday, with U.S. crude ending at its lowest in nearly six years, as traders discounted comments from OPEC's top official about the market finally finding a bottom.

27 January 2015 | 8:15AM |

Oil & Gas

KLCI surges on Petronas stocks, Public Bank

KUALA LUMPUR: Malaysia’s blue chips index jumped to a high of 1,810 in early trade on Tuesday, underpinned by gains in Petronas-linked stocks, Public Bank and Hong Leong Bank.

27 January 2015 | 9:35AM |

Markets

Zeti: Ringgit is fundamentally strong

PUTRAJAYA: Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz says the ringgit is fundamentally strong and “it will reflect the underlying fundamentals when the global events settle down”.

27 January 2015 | 11:56AM |

Banking

IGB REIT FY14 earnings at RM317.62mil

KUALA LUMPUR: IGB Real Estate Investment Trust (IGB REIT) posted earnings of RM317.62mil in the financial year ended Dec 31, 2014, up 1.8% from the RM311.94mil in FY 13, mainly due to higher total rental income.

27 January 2015 | 6:22PM |

Corporate News

SC rejects Chemara

PETALING JAYA: The Securities Commission (SC) has rejected Chemara Palmea Holdings Bhd’s application to become a plantation-focused special-purpose acquisition company (SPAC), making it the fourth company to be turned down by the regulator since the introduction of rules that enabled the listing of these vehicles in 2009.

27 January 2015 | 12:00AM |

Chemara Palmea

Asia Bioenergy to diversify into O&G

KUALA LUMPUR: Asia Bioenergy Technologies Bhd (AsiaBio) is seeking to venture into the oil and gas (O&G) transportation industry through the proposed acquisition of two shipping companies for downstream activities.

27 January 2015 | 3:17PM |

Corporate News

IGB REIT FY14 earnings at RM317.62mil

KUALA LUMPUR: IGB Real Estate Investment Trust (IGB REIT) posted earnings of RM317.62mil in the financial year ended Dec 31, 2014, up 1.8% from the RM311.94mil in FY 13, mainly due to higher total rental income.

27 January 2015 | 6:22PM |

Corporate News

Profits at China's big state-owned industrial firms slide in 2014

BEIJING: Profits from core operations at China's large state-owned industrial conglomerates fell a hefty 12.3 percent in 2014, the National Bureau of Statistics said on Tuesday, adding urgency to central government plans to overhaul the country's inefficient state sector.

27 January 2015 | 4:13PM |

Banking

Asia Bioenergy to diversify into O&G

KUALA LUMPUR: Asia Bioenergy Technologies Bhd (AsiaBio) is seeking to venture into the oil and gas (O&G) transportation industry through the proposed acquisition of two shipping companies for downstream activities.

27 January 2015 | 3:17PM |

Corporate News

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