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Seven years after bailout, Britain starts RBS sell-off

4 August 2015

LONDON: Britain started the sale of a 2 billion pounds stake in Royal Bank of Scotland (RBS) on Monday, beginning the disposal of its holding in the bank seven years after a multi-billion pound bailout at the height of the financial crisis.

SapKen plans joint venture in Brunei

4 August 2015

PETALING JAYA: SapuraKencana Petroleum Bhd (SapKen) has proposed to establish a joint-venture (JV) company via its wholly owned subsidiary to explore opportunities in Brunei.

'Outperform' call retained for AirAsia, CIMB 'hold'

4 August 2015

AIRASIA announced its second quarter 2015 (ending Dec 31) preliminary operating statistics, with the group reporting an increase in traffic volume by 11.3% year-on-year (5.2% quarter-on-quarter) to 14.2 billion revenue-passenger-kilometres (RPK), although its year-on-year load factor was flat at 79%.

Hong Leong Industries unaware over share price spike

4 August 2015

PETALING JAYA: Hong Leong Industries Bhd (HLIB) has been issued an unusual market activity (UMA) query on the recent sharp increase of its share price.

EcoFirst Consolidated Bhd Group CEO / Executive Director Dato Tiong Kwing Hee

EcoFirst's RM145mil land acquisition in Gombak delayed

4 August 2015

KUALA LUMPUR: EcoFirst Consolidated Bhd said the acquisition of 25ha of freehold land in Ulu Klang, Gombak, worth RM145mil, had been delayed by three months due to technical issues on land alignment.

AirAsia inks deals with Thai, Indonesian units on payments

4 August 2015

PETALING JAYA: In a move to enhance the disclosures in the services provided by AirAsia Bhd to its subsidiaries in Indonesia and Thailand, the low-cost carrier entered into an agreement that clearly spells out the terms between the parties, including the payments.

Bursa raps and fines stockbroker

4 August 2015

PETALING JAYA: Bursa Malaysia Securities Bhd has publicly reprimanded and fined stockbroker Hong Choe Hoar for engaging in manipulative dealings in Kanger International Bhd securities.

Crude palm oil price slumps to 11-month low

4 August 2015

JAKARTA: Malaysian palm oil futures hit an eleven-month low on Monday, as other vegetable oils traded lower and expectations of weak demand and higher output in the coming weeks weighed on prices.

Hibiscus Petroleum to acquire stake in two licences

4 August 2015

KUALA LUMPUR: Hibiscus Petroleum Bhd’s jointly-controlled entity, Lime Petroleum Norway AS, has entered into an agreement with EnQuest Norge AS1 (EnQuest) to acquire a 50% stake in two new licences for PL760 and PL760B in the Norwegian Sea, a statement from Hibiscus said.

Maybank opens branch in Myanmar

4 August 2015

PETALING JAYA: Malayan Banking Bhd (Maybank) has commenced its branch operations in Myanmar, becoming the first and only Malaysian bank to open a branch there.

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