Business

MOL results delayed, Q3 earnings results pushed to Dec 3

KUALA LUMPUR: Nasdaq-listed MOL Global Inc is deferring the release of its third-quarter earnings results to Dec 3, 2014.

EPF gains from equities, it contributed 61% to total quarterly investment income

KUALA LUMPUR: The Employees Provident Fund (EPF) recorded an investment income of RM10.32bil in the third quarter ended Sept 30, 2014, driven mainly by equity investments.

Zeti: ‘It is good for the consumers because they can benefit from the lower prices.’

Bank Negara: No inflationary impact following petrol subsidy removal

KUALA LUMPUR: The abolishment of subsidies for RON95 and diesel will not have inflationary impact on the economy, says Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz.

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Pressure on smaller Malaysian banks to merge

IN the wake of news that the structure for the CIMB/RHB merger could be ready early next year, there would be pressure especially on the smaller banking groups to consider merging.

24 November 2014 | 12:00AM |

Banking

Potential buyers looking at a scale model of the Lakeville project in Kuala Lumpur.

Mah Sing sales to hit record high

PETALING JAYA: Mah Sing Group Bhd’s sales are expected to hit new high in the last three months of the year from the record RM900mil achieved in the third quarter, buoyed by strong take-up rate of its Lakeville project in Kuala Lumpur.

24 November 2014 | 12:00AM |

Property

After the Updates by UEM Sunrise Bhd COO Raymond Cheah on Aurora Melbourne Central Development, MD/CEO Anwar Syahrin Abd Ajib answer the question on the press conference.

UEM Sunrise eyes more property projects in Melbourne

KUALA LUMPUR: UEM Sunrise is eyeing several locations in the city and the suburbs of Melbourne, Australia for property development projects following the successful take up of its integrated development Aurora Melbourne Central in the Melbourne central business district (CBD).

25 November 2014 | 12:00AM |

Property

Affin Holdings Q3 earnings at nearly RM142m

KUALA LUMPUR: Affin Holdings Bhd reported earnings of RM141.95mil in the third quarter ended Sept 30, 2014, down 17.9% from the RM172.96mil a year ago due to lower profit from the banking arm, but the group recorded better performance from the preceding quarter.

24 November 2014 | 7:25PM |

Banking

EPF records investment income of RM10.32b in Q3 2014

KUALA LUMPUR: The Employees Provident Fund (EPF) recorded an investment income of RM10.32bil in the third quarter ended Sept 30, 2014, driven mainly by equity investments with the asset class contributing 61% to the total quarterly investment income.

24 November 2014 | 5:07PM |

Corporate News

As Vienna focus turns to OPEC, silent thanks on Iran deal delay

NEW YORK: Many OPEC ministers meeting in Vienna Thursday may be giving quiet thanks that world powers who just met in that city failed to reach a nuclear accord with Tehran, pushing back for another six months any potential revival in Iran's oil exports.

25 November 2014 | 8:50AM |

US economy holding up, other regions slowing or soft

NEW YORK: General Motors Co President Dan Ammann on Monday said he expects "more of the same" next year from a U.S. auto market that has been growing slowly, while he is bracing for continued soft demand in other parts of the globe.

25 November 2014 | 8:48AM |

Aussie film kicks like a mule, skips cinemas for iTunes debut

SYDNEY: An Australian film about a hapless drug mule has bypassed cinemas to make its debut on the iTunes online store in a novel attempt to beat piracy and woo audiences drawn to big-ticket Hollywood releases with huge advertising budgets.

25 November 2014 | 8:41AM |

UK service sector grows steadily in three months to November

LONDON The services sector that forms the bulk of Britain's economy grew steadily in the three months to November, but companies are growing less optimistic about the outlook, a survey published on Tuesday showed.

25 November 2014 | 8:38AM |

Asian shares wobble in early trade Tuesday, oil skids ahead of OPEC

TOKYO: Asian shares gave back some of their China-inspired gains on Tuesday, while oil prices slumped ahead of this week's OPEC meeting. MSCI's broadest index of Asia-Pacific shares outside Japan was off 0.3 percent after rallying in the previous session following China's surprise interest rate cut.

25 November 2014 | 8:31AM |

Stocks

Diary Malaysia Nov 25 Tuesday

KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS

25 November 2014 | 8:14AM |

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