Business

Differing views

PETALING JAYA: Two out of the four independent directors of REDtone International Bhd have rejected the takeover offer launched by Berjaya Corp Bhd (BCorp) for the telecommunications company, as they feel the offer price of 80 sen a share is too low.

RHB banking group deputy group managing director and RHB Bank managing director Datuk Khairussaleh Ramli

RHB Capital names Khairussaleh CEO and MD

PETALING JAYA: Banking and financial services group RHB Capital Bhd (RHBCap) has appointed Datuk Khairussaleh Ramli (pic) as chief executive officer and managing director with effect from May 5.

Azman says the current global economic environment would bring about a new challenging landscape.

TNB second-quarter earnings jump 25%

PETALING JAYA: Tenaga Nasional Bhd’s (TNB) net profit for the second quarter ended Feb 28, 2015, jumped 25% to RM2.16bil compared with the previous corresponding period, mainly due to improved electricity sales.

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KLCI under pressure, slips more than 5 points

KUALA LUMPUR: Selling pressure on the FBM KLCI stocks in early Tuesday trade sent the 30-stock index down more than five points, dragged down by plantations, Petronas Gas, Axiata and Genting Bhd.

28 April 2015 | 9:42AM |

Markets

KLCI ends Tuesday nearly 5 points lower (Update)

KUALA LUMPUR: Malaysia’s blue chips extended their losses on Tuesday with the FBM KLCI down nearly five points but of concern was the weakening broader market as investor sentiment was impacted by softer key markets ahead of the US Federal Reserve policy meeting.

28 April 2015 | 5:18PM |

Corporate News

Gas Malaysia partners Sime Darby Offshore

KUALA LUMPUR: Gas Malaysia Bhd has partnered with Sime Darby Offshore Engineering Sdn Bhd to undertake a biogas compressed natural gas distribution business extracted from the palm oil mill effluent.

28 April 2015 | 1:09PM |

Corporate News

Japan lawmakers submit casino legalisation bill

TOKYO: Japan’s pro-casino lawmakers submitted to parliament on Tuesday a bill to legalise casino gambling, the latest bid to establish an industry analysts say could generate US$40bil (RM142.6bil) a year and which Prime Minister Shinzo Abe sees as key to economic growth. - Reuters (Genting Singapore reportedly plans to bid for an integrated casino resort in Japan. - The Star)

28 April 2015 | 6:44PM |

Corporate News

ASE to invest RM300mil in new plant

GEORGE TOWN: ASE Group, one of the world’s largest integrated circuit (IC) test and packaging house, is investing over RM300mil for its new RM50mil plant in Bayan Lepas over the next three to five years.

27 April 2015 | 12:00AM |

ASE Group

JCorp to list RM900mil Islamic REIT in Q3

PUTRAJAYA: Johor Corp (JCorp) plans to list its RM900 million Islamic Real Estate Investment Trust (REIT), Al-Salam, on the Main Market of Bursa Malaysia in the third quarter of this year.

28 April 2015 | 4:34PM |

Business News

Talks on EU-US trade deal to stretch into 2016, says EU

BERLIN: Talks between the European Union and United States on a transatlantic trade accord will stretch into 2016, the EU’s chief negotiator said on Tuesday, adding that the discussions were about to enter a “more difficult” and “intense” stage. - Reuters

28 April 2015 | 11:48PM |

Economy

Tune to buy Indonesian insurance firm

KUALA LUMPUR: Tune Ins Holdings Bhd, the insurance arm of Tune Group, will set aside about US$10mil (RM35.4mil) to acquire an insurance firm in Indonesia. - Bernama

28 April 2015 | 9:00PM |

Indonesia

Japan lawmakers submit casino legalisation bill

TOKYO: Japan’s pro-casino lawmakers submitted to parliament on Tuesday a bill to legalise casino gambling, the latest bid to establish an industry analysts say could generate US$40bil (RM142.6bil) a year and which Prime Minister Shinzo Abe sees as key to economic growth. - Reuters (Genting Singapore reportedly plans to bid for an integrated casino resort in Japan. - The Star)

28 April 2015 | 6:44PM |

Corporate News

Malaysia’s job advertising volume up 15% in Q1

KUALA LUMPUR: Malaysia’s overall annual growth in job advertisement volume increased by 15% in the first quarter of 2015, according to the Asia Job Index published by the international recruitment consultancy, Robert Walters. - Bernama

28 April 2015 | 6:25PM |

Economy

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