Business

UMW exits oil and gas business

KUALA LUMPUR: UMW Holdings Bhd, a conglomerate with interest primarily in automotive and heavy equipment, will exit the oil and gas (O&G) business through a series of corporate exercises.

Demand for office space slows down

KUALA LUMPUR: The demand for office space has declined due to slowing growth with the rent-free period rising from the usual one month normally sought for renovation purposes to as high as six months, according to JLL Property Services (M) Sdn Bhd country head for Malaysia YY Lau.

Lim: ‘F&N has existed for 133 years, and the only reason we can sustain for so long is because we always will evolve. We are best-in-class, we want to be world class.’

F&N to go on cost-cutting drive

KUALA LUMPUR: Hit by escalating commodity prices and the weakening ringgit, beverage maker and bottler Fraser and Neave Holdings Bhd (F&N) will be cutting costs and exporting to new markets as it looks to sustain growth.

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MUH executive chairman files police report

KUALA LUMPUR: Multi-Usage Holdings Bhd (MUH) executive chairman Ang Kim Cheng @ Ang Teng Kok has lodged a police report on the submission of unauthorised documents to the Companies Commission of Malaysia (CCM) and the unauthorised use of the company’s letterhead.

20 January 2017 | 11:20PM |

Corporate News

Nakamichi to invest up to US$146mil in Kazakh O&G project

KUALA LUMPUR: Nakamichi Corp Bhd will team up with Aktau Transit LLP and Aktau’s parent company Caspian Oil Project LLP (COP) to undertake an oil and gas (O&G) project in Kazakhstan that will require the company to invest up to US$146mil (RM649.2mil).

20 January 2017 | 9:32PM |

Corporate News

KLCI ends in the red on late selling, UMW jumps

KUALA LUMPUR: Late selling of key stocks including BAT pushed the FBM KLCI into the red on Friday as investors stayed on the sidelines after fresh data showed Bank Negara Malaysia's (BNM) foreign reserves declined on Jan 13.

20 January 2017 | 6:20PM |

Markets

MUH executive chairman files police report

KUALA LUMPUR: Multi-Usage Holdings Bhd (MUH) executive chairman Ang Kim Cheng @ Ang Teng Kok has lodged a police report on the submission of unauthorised documents to the Companies Commission of Malaysia (CCM) and the unauthorised use of the company’s letterhead.

20 January 2017 | 11:20PM |

Corporate News

Nakamichi to invest up to US$146mil in Kazakh O&G project

KUALA LUMPUR: Nakamichi Corp Bhd will team up with Aktau Transit LLP and Aktau’s parent company Caspian Oil Project LLP (COP) to undertake an oil and gas (O&G) project in Kazakhstan that will require the company to invest up to US$146mil (RM649.2mil).

20 January 2017 | 9:32PM |

Corporate News

KLCI ends in the red on late selling, UMW jumps

KUALA LUMPUR: Late selling of key stocks including BAT pushed the FBM KLCI into the red on Friday as investors stayed on the sidelines after fresh data showed Bank Negara Malaysia's (BNM) foreign reserves declined on Jan 13.

20 January 2017 | 6:20PM |

Markets

Business confidence, though higher in Q4, remains subdued compared to in the previous years.

Malaysian business confidence up slightly in Q4

KUALA LUMPUR: Malaysian business confidence rose slightly in the fourth quarter (Q4) of 2016, but remained subdued compared to previous years, according to the latest Global Economic Conditions Survey (GECS).

20 January 2017 | 4:42PM |

Economy

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