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The Store’s financial numbers have been coming down, something that the company has attributed to weak consumer sentiment, even during festive seasons. Picture shows the opening of The Store's 75th outlet in Setapak in March... (From left) The Store group central region assistant general manager Ho Eng Wah, softline and hardline general manager Lim Kok Soon, softline and hardline director Charlie Tan Mong Chon, operations senior general manager Winky Pek, ambassador Adibah Noor, and supermarket assistant general manager Mark Loo Soon Hock. (Berjaya Group chairman Tan Sri Vincent Tan(inset) sharing his insights on succeeding in business and life during the 8th CEO Night, organised by the Malaysia Retail Chain Association (MRCA). in August last year)

General offer for The Store, after billionaire Vincent Tan and Berjaya exit

PETALING JAYA: Almost three weeks after Tan Sri Vincent Tan and the Berjaya Group exited The Store Corp Bhd, the major shareholders have launched a takeover of the company that operates a retail chain

Muhammad:(Inset) ‘The pricing mechanism is extremely important." (Default Alternate Text: "Muhammad: ‘The pricing mechanism is extremely important.

Bank Negara monitoring speculative activities on ringgit

KUALA LUMPUR: Bank Negara is continuously monitoring speculative activities on the ringgit within Malaysia that can harm the country’s financial market, says governor Datuk Muhammad Ibrahim.

CIMB Research yesterday upgraded the stock from a “hold” to a “buy” with a higher target price on expectation that Sime Darby will seek a separate listing for its plantation division.

Sime Darby’s plan to unlock asset value draws attention, shares raised to 'buy'

PETALING JAYA: Sime Darby Bhd’s plan to unlock the value of its assets has whet the appetite for the stock.

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DRB-Hicom had to undertake a re-measurement of its stake in Pos Malaysia, resulting in a loss of RM130mil.

DRB-Hicom Q2 net losses at RM309m

KUALA LUMPUR: DRB-Hicom Bhd net losses widened in the second quarter ended Sept 30, 2016 due to the weak financial performance of companies in the automotive and defence sectors and also exceptional items.

29 November 2016 | 5:43PM |

Corporate News

Buy sterling on weakness

KUALA LUMPUR: The British pound sterling had a good run the past month, tracking the upward thrust in the US dollar index on renewed buying interest, as some major currency players began to argue the market had already priced-in the risks related to the messy exit from the European Union.

29 November 2016 | 11:40AM |

Forex

At 9:44am ET (Tuesday) the Dow Jones industrial average was down 7.23 points, or 0.04%, at 19,090.67. The Reuters photo shows traders working on the floor of the New York Stock Exchange.

Dow flat as oil skids; S&P, Nasdaq boosted by health

NEW YORK: The Dow was little changed in late morning trading on Tuesday, pressured by a sharp drop in oil prices that weighed on energy companies, while a rise in healthcare and biotech stocks helped lift the Nasdaq and the S&P 500.

29 November 2016 | 11:52PM |

Foreign News

DRB-Hicom had to undertake a re-measurement of its stake in Pos Malaysia, resulting in a loss of RM130mil.

DRB-Hicom Q2 net losses at RM309m

KUALA LUMPUR: DRB-Hicom Bhd net losses widened in the second quarter ended Sept 30, 2016 due to the weak financial performance of companies in the automotive and defence sectors and also exceptional items.

29 November 2016 | 5:43PM |

Corporate News

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