Business

In search of yields

Uncertain interest rate environment makes it tough for EPF to invest

Affin banks on consumer loans

It plans to derive most growth from this segment

The impact of new wage hike

Plantation, manufacturing seen hurt most by latest minimum salary proposal

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Saudi oil production in April near record high

SEOUL: Oil Minister Ali al-Naimi says Saudi Arabia is producing near record levels of crude in April, underscoring the kingdom’s willingness to defend market share at a time when oil markets have staged a fragile recovery.

21 April 2015 | 12:00AM |

Business News

Jef Ong: ‘We are the fastest growing international roaming provider in the Asia-Pacific with over 300,000 subscribers today.’

Flexiroam heads to ASX

PETALING JAYA: Flexiroam Ltd, a Malaysia-based technology firm that provides workable solutions for those roaming on their mobile phones when travelling, has been approved to list on the Australian stock exchange (ASX), following in the footsteps of the few tech start-ups from this part of the world to head Down Under for their flotations.

20 April 2015 | 12:00AM |

Telcos

Crude steady; US inventories seen up again

TOKYO: US crude futures held steady on Tuesday as a drop in stockpiles at a key U.S. delivery point offset near record high production in Saudi Arabia and an expected build in U.S. oil inventories.

21 April 2015 | 9:09AM |

Oil & Gas

Nestle’s promotion in February boosted domestic performance.

Nestle Q1 profit up 2.4% to RM188mil

PETALING JAYA: Nestle (M) Bhd registered a higher net profit of RM187.9mil for its first quarter ended March 31 due to better sales, favourable input costs and timing of fixed expenses.

21 April 2015 | 12:00AM |

Investing

Adviser: Cypark’s proposals ‘fair and reasonable’

PETALING JAYA: Environmental solutions firm Cypark Resources Bhd’s proposals to place out new shares, representing up to a 20% stake, and to exempt the two interested directors from having to make a mandatory general offer (MGO) are “fair and reasonable,” according to independent adviser Affin Hwang Investment Bank.

21 April 2015 | 12:00AM |

Property

Emas Kiara bags RM23mil contract

PETALING JAYA: Emas Kiara Industries Bhd has bagged a S$8.67mil (RM23.25mil) subcontract agreement from Penta-Ocean Construction-Civil Tech joint venture which is doing land preparation works for the expansion of Changi Airport.

21 April 2015 | 12:00AM |

Construction

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