Business

Expert: GST to have mininal impact on property sector

KUALA LUMPUR: The goods and services tax (GST) is expected to be a mere blip on the property sector, with a rise of not more than 3% to 4% in terms of property prices, according to property consultancy Rahim & Co executive chairman Tan Sri Abdul Rahim Abdul Rahman.

AmBank's MD Ashok to step down

PETALING JAYA: AMMB Holdings Bhd (AmBank Group), which has been reported to be going through a change at the helm of its management, said that group managing director (MD) Ashok Ramamurthy (pic) would be stepping down as part of a planned transition at the banking group.

Misif urges Govt to lower electricity tariffs

PETALING JAYA: The Malaysian Iron and Steel Industry Federation (Misif) has urged the Government to lower electricity tariffs so that Malaysia can avoid losing its competitive edge in Asean and global markets.

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M'sian ringgit hit by S'pore easing monetary policy

PETALING JAYA: The ringgit has become an unwitting casualty of Singapore’s surprise easing of its tightly controlled monetary policy, as the country joined a growing list of central banks around the world taking extraordinary steps in shoring up faltering economic growth as inflation slows.

29 January 2015 | 12:00AM |

Banking

Johor likely to retain top spot as preferred investment destination

JOHOR BARU: Johor is likely to retain its leading position as the most preferred investment destination in the country in the manufacturing sector for 2014, according to Malaysian Investment Development Authority executive director, manufacturing development (resource) N. Sangaran.

29 January 2015 | 12:00AM |

Stocks

MDeC set to speed up big data analytics adoption

CYBERJAYA: The Multimedia Development Corp (MDeC) is set to accelerate the big data analytics (BDA) adoption and innovation among Malaysian companies by establishing a network of BDA Innovation Centres of Excellence.

30 January 2015 | 12:00AM |

mdec

Bursa net profit rises 58%

KUALA LUMPUR: Bursa Malaysia Bhd recorded a 57.92% increase in net profit to RM53.14mil on a 12.77% rise in revenue to RM128.48mil for its fourth quarter ended Dec 31. This was on the back of higher-than-expected trading activity as a result of the volatility caused by lower oil prices and the weakening ringgit.

30 January 2015 | 12:00AM |

Stocks

CIMB Research downgrades Bursa to Hold

KUALA LUMPUR: CIMB Research is downgrading Bursa Malaysia Bhd to Hold from Add and slashing its target price to RM8.05 from RM8.82 despite 2014 net profit exceeding expectations, saying it is cautious on the outlook for the equity market in 2015.

30 January 2015 | 11:09AM |

Analyst Reports

Public Bank, Sime Darby lead KLCI slightly higher

KUALA LUMPUR: Some mild buying of Public Bank and Sime Darby enabled the FBM KLCI to eke out some mild gains early Friday with analysts expecting the market to stage a rebound in line with the firmer key Asian markets.

30 January 2015 | 9:43AM |

Markets

Alibaba quarterly revenue disappoints, shares fall

BEIJING/SHANGHAI: Alibaba Group Holding Ltd's shares fell more than 10 percent early on Thursday, wiping more than US$25 billion of market value after third quarter revenue at the Chinese internet giant fell short of analysts' expectations.

30 January 2015 | 8:57AM |

Stocks

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