Business

Integrax: Game over

PETALING JAYA: Tenaga Nasional Bhd (TNB) has secured more than 50% acceptance for its takeover offer of port operator Integrax Bhd, effectively gaining control of the company in a corporate battle that had lasted close to three months.

Pengerang gets Platts’ nod

PETALING JAYA: The Pengerang oil terminal in Johor is expected to receive greater interest following its inclusion into oil agency Platts Singapore’s pricing assessments for middle distillates and gasoline.

MAI expects higher sales despite GST

SHAH ALAM: The Malaysia Automotive Institute (MAI) expects vehicle sales for the first six months of this year to be higher than 333,142 units recorded in the corresponding period last year despite concerns over the goods and services tax (GST) that will come into force tomorrow.

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Malaysia Airlines to charge customers 6% GST

KUALA LUMPUR: Malaysia Airlines’ customers will be charged the 6% Goods & Services Tax (GST) on applicable goods and services supplied by the national carrier when it comes into effect on April 1.

30 March 2015 | 6:41PM |

Airlines

Construction works on MRT1 underground transport hub progressing smoothly. — Bernama

MRT2 works to start

PETALING JAYA: Mass Rapid Transit Corporation Sdn Bhd (MRT Corp) is expected to start awarding contracts for the various packages of the RM23bil Mass Rapid Transit line 2 (MRT2) in the last quarter of this year.

30 March 2015 | 12:00AM |

MRT

TA Enterprise posts Q4 net losses of RM33m

KUALA LUMPUR: TA Enterprise Holdings Bhd swung into the red with net losses of RM33.28mil in the fourth quarter ended Jan 31, 2015 due to foreign exchange losses realised after dissolving foreign subsidiaries and fair value loss on investment securities.

31 March 2015 | 7:21PM |

Corporate News

Amin to sell his Integrax shares to Tenaga

KUALA LUMPUR: Integrax Bhd’s second-largest shareholder Amin Halim Rasip has conceded defeat in his battle against Tenaga Nasional Bhd to secure a better price for his stake in the port operator.

31 March 2015 | 6:08PM |

Corporate News

Dollar edges higher, on track for best quarter since 2008

SINGAPORE: The dollar rose against a basket of currencies on Tuesday and was on track for its best quarter since 2008, bolstered by the diverging outlook for monetary policy in the United States compared to other major economies.

31 March 2015 | 1:52PM |

Banking

GST: Perodua dealers seek to reclaim sales tax

KUALA LUMPUR: While consumers will benefit from cheaper cars from Perodua with the implementation of the Goods and Services Tax on April 1, this has not gone down well with the dealers with unsold stocks.

30 March 2015 | 6:23PM |

Automotive

Higher on the day, ringgit leads

SINGAPORE: Emerging Asian currencies generally held firm on Tuesday but they have mostly fallen during March and in the first quarter as the dollar rose on expectations the U.S. Federal Reserve will raise interest rates later this year.

31 March 2015 | 4:04PM |

Forex

TA Enterprise posts Q4 net losses of RM33m

KUALA LUMPUR: TA Enterprise Holdings Bhd swung into the red with net losses of RM33.28mil in the fourth quarter ended Jan 31, 2015 due to foreign exchange losses realised after dissolving foreign subsidiaries and fair value loss on investment securities.

31 March 2015 | 7:21PM |

Corporate News

Amin to sell his Integrax shares to Tenaga

KUALA LUMPUR: Integrax Bhd’s second-largest shareholder Amin Halim Rasip has conceded defeat in his battle against Tenaga Nasional Bhd to secure a better price for his stake in the port operator.

31 March 2015 | 6:08PM |

Corporate News

Firm closing for KLCI in Q1

KUALA LUMPUR: Malaysia’s blue chips ended the first quarter on Tuesday on a firm note, with the 30-stock FBM KLCI up 3.95% year-to-date on window dressing, amid a weak ringgit and crude oil prices.

31 March 2015 | 5:51PM |

Markets

Higher on the day, ringgit leads

SINGAPORE: Emerging Asian currencies generally held firm on Tuesday but they have mostly fallen during March and in the first quarter as the dollar rose on expectations the U.S. Federal Reserve will raise interest rates later this year.

31 March 2015 | 4:04PM |

Forex

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