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Business 25 Oct 2014 | 12:00 AM

High-level talks seal mega bank deal

THE proposed mega bank merger between CIMB Holdings Group Bhd, RHB Capital Bhd (RHB Cap)and Malaysia Building Society Bhd (MBSB) is pretty much a done deal, at least going by industry talk and a new media report.

Comment 25 Oct 2014 | 12:00 AM

US foreign policy in Asia

THE United States is a global power. Asia the largest continent on earth. The Asian economies of the proposed RCEP (Regional Comprehensive Economic Partnership) alone now constitute 30% of global output, with consistently the highest growth rates and holding the largest reserves in the world.

Business 25 Oct 2014 | 12:00 AM

OSK-PJD merger will result in a developer worth over RM3bil

IN a move to join the big boys in the property sector, Tan Sri Ong Leong Huat has embarked on a plan to merge OSK Property Holdings Bhd (OSK Prop), PJ Development Holdings Bhd (PJD) and OSK Holdings Bhd.

Business 25 Oct 2014 | 12:00 AM

The short position

AFTER all that huff and puff on whether the Employees Provident Fund (EPF) should be allowed to vote on the CIMB-RHB-MBSB merger, it appears that the decision by Bursa Malaysia to not allow the fund to cast its vote is now a moot point.

Business 25 Oct 2014 | 12:00 AM

Battersea gets loans

HONG KONG: Four banks have joined the £1.35bil five-year financing backing the development of phases 2 and 3 of Battersea Power Station in London, sources said.

Business 25 Oct 2014 | 12:00 AM

Falling commodity prices present downside risk to Malaysia’s economy

THE downside risk to economic growth seems to have increased for Malaysia in the face of falling global commodity prices.

Golf 24 Oct 2014 | 10:09 PM

Teen prodigy Tianlang new addition to the CIMB Classic

KUALA LUMPUR: China’s teen prodigy Guan Tianlang had just turned 16. But he will have to put his birthday celebration on hold as he gears up for his seventh PGA Tour appearance at next week’s CIMB Classic.

Business 24 Oct 2014 | 6:22 PM

CIMB Fiesta celebrates fifth year with amazing discounts and super deals

KUALA LUMPUR: CIMB Fiesta returns to Kuala Lumpur with its grand finale at the Mid Valley Exhibition Centre, offering its credit, debit and Kwik cardmembers with amazing discounts and super deals, following its success at Penang and Johor.

Business 24 Oct 2014 | 5:18 PM

Late buying of Sime Darby drives KLCI to higher close (Update)

KUALA LUMPUR: Late fund buying of Sime Darby helped the FBM KLCI close more than eight points higher on Friday while Petronas Gas, Tenaga Nasional and KL Kepong also shored up the 30-stock index.

Business 24 Oct 2014 | 4:56 PM

RHB Bank joins £1.35b financing for Battersea Power Station

HONG KONG: Four banks have joined the £1.35bn (US$2.17bn) five-year financing backing the development of phases 2 and 3 of Battersea Power Station in London, sources said.