Business

1MDB sheds light, explains RM2bil debt,eyes listing

PETALING JAYA: Government-owned strategic fund 1Malaysia Development Bhd (1MDB) has shed light on its highly-debated RM2bil loan taken by its subsidiary and asserted that it will resubmit its application to list its power arm.

Higher palm oil price in sight

KUALA LUMPUR: Oil palm producers whose profits were affected by the 15% drop in crude palm oil (CPO) price last year, will get a short relief as the commodity is expected to climb back to RM2,500 per tonne in May from RM2,380 per tonne currently on lower production and reduced stocks outlook, said international palm oil expert Dorab Mistry.

albern murty, incoming ceo of DiGI.Com Bhd

New CEO bullish about DiGi

Big part of RM900mil capex to enhance network quality

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CIMB, SKPetro main drags on KLCI

KUALA LUMPUR: Losses by CIMB and SapuraKencana Petroleum were the main drags on the FBM KLCI on Thursday as market sentiment took a hit from the weak key regional bourses while the ringgit continued to lose ground against the US dollar.

5 March 2015 | 5:29PM |

Markets

Mokhzani Mahathir and Yeow resign from SapKen

PETALING JAYA: Tan Sri Mokhzani Mahathir and close associate Yeow Kheng Chew have resigned from the board of oil and gas giant SapuraKencana Petroleum Bhd, almost a year after they relinquished their executive position in the company.

5 March 2015 | 12:00AM |

Stocks

MK Land to launch 2 projects this year

PETALING JAYA: Property developer, MK Land Holdings Bhd, will launch two projects this year with a combined Gross Development Value of RM600mil, says group chief executive officer Lau Shu Chuan.

5 March 2015 | 3:00PM |

Property

Brahim’s slides below RM1 to July 2013 low

KUALA LUMPUR: In-flight caterer Brahim’s Holdings Bhd’s share price has come under pressure and it fell below RM1 on Wednesday after it posted net losses of RM40.32mil in the fourth quarter of FY14.

4 March 2015 | 4:44PM |

Airlines

ECB to raise growth forecasts, flesh out bond-buying plan

NICOSIA/FRANKFURT: Keen to keep a low profile over the Greek crisis, the European Central Bank will focus on improved growth prospects on Thursday and unveil some but not all the details of its 1 trillion euros-plus bond buying plan.

5 March 2015 | 9:40PM |

Banking

UK fund ups stake in AMMB Holdings

KUALA LUMPUR: UK-based fund Mondrian Investment Partners Ltd has raised its shareholding in AMMB Holdings Bhd to 155.577 million shares or 5.16%.

5 March 2015 | 9:29PM |

Banking

CIMB, SKPetro main drags on KLCI

KUALA LUMPUR: Losses by CIMB and SapuraKencana Petroleum were the main drags on the FBM KLCI on Thursday as market sentiment took a hit from the weak key regional bourses while the ringgit continued to lose ground against the US dollar.

5 March 2015 | 5:29PM |

Markets

MK Land to launch 2 projects this year

PETALING JAYA: Property developer, MK Land Holdings Bhd, will launch two projects this year with a combined Gross Development Value of RM600mil, says group chief executive officer Lau Shu Chuan.

5 March 2015 | 3:00PM |

Property

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