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Wall Street down for second day after rally; healthcare gains

5 March 2015

NEW YORK: U.S. stocks closed down on Wednesday for the second day in a row as investors stepped back after a recent rally ahead of jobs data due later in the week.

Billionaire Paul Allen and team find sunken one of largest battleships ever built

5 March 2015

A team led by Microsoft co-founder Paul Allen has found the sunken Japanese warship Musashi, one of the largest battleships ever built, where it was sunk during World War Two off the coast of the Philippines, the billionaire said on Wednesday.

Mokhzani, Yeow resign from SapuraKencana Petroleum

4 March 2015

KUALA LUMPUR: Tan Sri Mokhzani Mahathir and Yeow Kheng Chew have both resigned from the board of SapuraKencana Petroleum Bhd, with citing personal reasons.

1MDB to convert advance made to Edra into RM2b of Powertek equity

4 March 2015

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) plans to convert its advance made to Edra Global Energy Bhd’s operating subsidiary Powertek Investment Holdings Sdn Bhd into RM2b of equity.

Fitters Diversified to redevelop Plaza Pekeliling into SOHO

4 March 2015

KUALA LUMPUR: Fitters Diversified Bhd will undertake the redevelopment of Plaza Pekeliling along Jalan Tun Razak into a small office-home office concept building.

1MDB welcomes PM’s request for AG to verify accounts

4 March 2015

KUALA LUMPUR: 1Malaysia Development Bhd has welcomed Prime Minister Datuk Seri Najib Tun Razak’s request for the Auditor General to verify 1MDB's accounts.

Public Bank top gainer among KLCI stocks

4 March 2015

KUALA LUMPUR: The FBM KLCI closed higher on Wednesday, underpinned by strong buying support for Public Bank, Petronas Chemicals and YTL but it was evident the broader market was still cautious.

Integrax board recommends shareholders reject Tenaga's revised offer (Update)

4 March 2015

KUALA LUMPUR: Port terminal operator Integrax Bhd has recommended shareholders reject the revised offer by Tenaga Nasional Bhd at RM3.25 a share.

Brahim’s slides below RM1 to July 2013 low

4 March 2015

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.

Investigation of politicians sought in Brazil graft scandal

4 March 2015

RIO DE JANEIRO: The inquiry into the biggest corruption scandal yet uncovered in Brazil entered an expansive new phase, as the attorney general formally requested the Supreme Court’s permission to open investigations against 54 people, most expected to be top political figures.

Censof fixes issue price for placement shares

4 March 2015

KUALA LUMPUR: Censof Holdings Bhd has fixed the issue price for the second tranche of five million shares under its private placement at 41.5 sen each.

Kwasa Land to reap RM65mil income from Project R3-2 in Kwasa Damansara

4 March 2015

KUALA LUMPUR: Kwasa Land Sdn Bhd expects to reap RM68mil in income from the proposed property Project R3-2 in Kwasa Damasara, Sungai Buloh which will be undertaken by Impiana Land & Development Sdn Bhd.

Allianz Malaysia targets double digit growth of GWP for 2015

4 March 2015

KUALA LUMPUR: Allianz Malaysia Bhd is aiming for double-digit growth in gross written premium (GWP) for the financial year 2015, said Chief Executive Officer, Zakri Khir.

Bintan Kinden group gets RM31.67m contract

4 March 2015

KUALA LUMPUR: Bintai Kinden Corporation Bhd group has secured a S$11.91mil (RM31.67mil) contract to provide equipment to a proposed resort development project at Bintan, Indonesia.

Public Bank, Tenaga shore up KLCI but Maybank slips

4 March 2015

KUALA LUMPUR: Key Asian markets were mostly lower at midday on Wednesday as investors stayed on the sidelines ahead of the central bank meetings and US job data.

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