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Oil flat around US$107 as ample supply offsets risk premium

25 July 2014

LONDON: Oil held steady around US$107 a barrel on Friday, as plentiful supply countered any premium to the price caused by concern over conflict in the Middle East and Ukraine.

Hong Leong Capital skids ahead of Aug 31 deadline

25 July 2014

KUALA LUMPUR: Shares of Hong Leong Capital fell to a low of RM11.52 on Friday ahead of the Aug 31, 2014 deadline set by Bursa Malaysia Securities to comply with the 25% public shareholding spread.

Asian stocks mostly rise, euro holds gains

25 July 2014

HONG KONG: Asian markets mostly rose Friday following another record on Wall Street, while the euro dug in against the dollar and yen after rebounding from multi-month lows.

Petronas-Yayasan Sabah JV begins operations for second generating block

25 July 2014

KOTA KINABALU: Petronas Group said its unit Kimanis Power Sdn Bhd (KPSB) has achieved the commercial operations for its second block of its Kimanis Power Plant (KPP) on July 22, 2014.

Marc reaffirms negative outlook on Special Port's bonds

25 July 2014

KUALA LUMPUR: Malaysian Rating Corporation Bhd (Marc) has kept the AAA rating on Special Port Vehicle Bhd’s (SPBV) RM1.31bil nominal amount asset-backed serial bonds facility with a negative outlook.

Petronas Dagangan slumps to more than 2-year low

25 July 2014

KUALA LUMPUR: Petronas Dagangan Bhd's share price fell to the lowest since May 2012 to RM19.08, extending the decline for the past month, in the absence of negative news.

Tenaga, TM, IOI drag KLCI into the red

25 July 2014

KUALA LUMPUR: Malaysia's blue chips fell more than eight points at midday on Friday, dragged down by profit taking in Tenaga Nasional, Telekom Malaysia and IOI Corp ahead of the long weekend.

METEORIC RISE: Facebook's US$190bil (RM604.48bil) market value makes it bigger than such bellwethers as Coca-Cola and AT&T. — Reuters

Facebook goes express to mega-cap status — now valued more than AT&T, Coke

25 July 2014

In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers.

LPI Capital Q2 net profit up 11.2% to RM51.18mil

25 July 2014

KUALA LUMPUR: LPI Capital Bhd’s second quarter ended June 30, 2014 net profit rose 11.2% to RM51.18mil from RM46.57mil a year ago on the back of an improved performance of its unit, Lonpac Insurance Bhd.

Tenaga signs agreement for renewable energy job in Sri Lanka

25 July 2014

KUALA LUMPUR: Tenaga Nasional Bhd has signed an investment agreement in relation to the the 35MW Renewable Energy Hybrid Wind and Solar Power Project in Kankasanthurei, Jaffna, Sri Lanka.

Thailand's exports rose 7.2% year-on-year in June, and is putting export growth forecast at 3.5% for 2014 - Reuters Photo.

Thailand's exports up 7.2% in June

25 July 2014

BANGKOK: Thailand's exports in June rose 7.2% from a year earlier, the Commerce Ministry said on Friday, a surprisingly high figure that it attributed to improved global demand and government measures to boost trade.

UEM Sunrise, with RM3bil unbilled sales, to restrategise in Johor (Update)

25 July 2014

PETALING JAYA: UEM Sunrise Bhd, the principal developer of Iskandar Malaysia, says it will restrategise and replan, where necessary, in view of the changes in the property market and the entry of China developers in Johor.

Oil prices mixed in Asian trade

25 July 2014

SINGAPORE: Oil prices were mixed in Asia Friday as soft gasoline demand in the US offset upbeat manufacturing data from China, analysts said.

Amazon loss widens despite climbing sales

25 July 2014

Internet retail titan Amazon on Thursday reported a money-losing quarter despite impressive growth in sales, sending shares plummeting by more than 10%.

Britains economy set finally to recover ground lost to crisis

25 July 2014

LONDON: Britain's economy is set to pass a landmark on Friday when official data will probably show that it is bigger than it was before the financial crisis struck six years ago.

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  1. Businesses reminded to register for GST before Dec 31
  2. UEM Sunrise, with RM3bil unbilled sales, to restrategise in Johor (Update)
  3. TNB, SIPP Energy sign agreement for power plant project in Johor
  4. Plenitude buys Gurney Resort Hotel & Residences in Penang
  5. UEM Sunrise names Anwar Syahrin as new MD and CEO
  6. Moody's: Malaysia housing market may be peaking
  7. Public Bank Q2 earnings hit RM1.05b, declares 23c dividend (Update)
  8. Malaysia's residential property sector enters cooling phase
  9. RM21bil in MRT jobs awarded, progress reaches half-way mark
  10. Sunway Iskandar's Citrine office suites sold out

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