Ganeshwaran Kana

Recent and archived articles by Ganeshwaran Kana

16 Feb 2019 | 7:00 AM

Wegmans aims for Main Market

Furniture maker to launch higher-margin own brand called Collino Designs

15 Feb 2019 | 7:00 AM

Foreign insurers get more time to lower shareholdings

KUALA LUMPUR: All foreign insurers operating in Malaysia have about two more months to submit their plans on paring down their shareholdings in their local units.

In February last year, Bloomberg reported that the Employees Provident Fund was in talks to buy a stake in the Malaysian unit of Singapore’s Great Eastern Holdings Ltd.  The report also mentioned that Prudential and Tokio Marine were also in discussions with bankers
15 Feb 2019 | 7:00 AM

Malaysian economic growth beats forecasts

GDP in Q4 up 4.7%, economy’s first acceleration in growth since a year ago

Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus at the press conference yesterday with Statistics Department chief statistician Datuk Seri Dr Mohd Uzir Mahidin. - FAIHAN GHANI/The Star.
14 Feb 2019 | 2:19 PM

Foreign insurers to submit plans on reducing local ownership by April

KUALA LUMPUR: Bank Negara is requiring all foreign insurers operating in Malaysia to submit their plans on reducing ownership of their local units by early April this year.

14 Feb 2019 | 12:00 PM

Economy grows at 4.7% in Q4 of 2018, above forecast

KUALA LUMPUR: Malaysia's economy expanded at 4.7% in the fourth quarter of 2018 (Q4 2018), which was above Bloomberg's survey of a 4.5% growth, after the moderation in the two consecutive quarters.

Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus said: "In 2019, the Malaysian economy is likely to remain on a steady growth path."
14 Feb 2019 | 7:00 AM

Hartalega's 9-months profit below expectatiions

PETALING JAYA: Glovemaker Hartalega Holdings Bhd’s net profit in the first nine months ended Dec 31, 2018 (9M19) came in below consensus expectations, despite having increased by 13% year-on-year (y-o-y).

“Anecdotal evidence suggests that shorter delivery lead time does indicate that strong demand is tapering off and players ramping up production could result in further average selling price (ASP) pressure.  “From our channel checks, we gather that competition in the nitrile gloves segment has intensified, leading to pressures on the ASP,” it said in a note yesterday
13 Feb 2019 | 7:00 AM

Higher Malaysian GDP growth seen in Q4

Survey forecasts expansion of 4.5% in last quarter of 2018

12 Feb 2019 | 7:00 AM

High IPI hints to firmer economy in Q4

PETALING JAYA: The higher-than-expected industrial production growth in December 2018 hints at a stronger economic expansion for Malaysia in the fourth quarter of 2018, according to MIDF Research.

Higher output: Workers manning production line at a glove factory. Manufacturing sector output rose 4.4 in December 2018 after expanding by 3.7 in November
12 Feb 2019 | 7:00 AM

Council to drive economy forward

PETALING JAYA: The Prime Minister and his key economic and finance ministers feature in a 16-strong committee that will form the Economic Action Council.

12 Feb 2019 | 7:00 AM

Investors still keen to buy Malaysian stocks

CIMB: They are looking for strong catalysts and clarity on reforms

“There was no major pushback from investors on our FBM KLCI target of 1,638 points for end 2019, which is more conservative compared with some of our peers due to concerns over potential earnings disappointments and external risks,” CIMB Research said.  The firm, earlier, had met up with 288 investors from 65 firms in four countries – Malaysia, Singapore, Thailand and Hong Kong – over a five-week period in an investment roadshow to promote local stocks.