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Business 21 May 2014 | 12:00 AM

Stabilisation signs seen in AirAsia X

AIRASIA X (AAX) reported 2014 first-quarter net loss of RM11.3mil, compared with first quarter 2013 net profit of RM50.2mil. In the preceding quarter, AAX had a net loss of RM131.3mil.

Business 21 May 2014 | 12:00 AM

JCorp's unit E.A. Technique will use IPO funds to buy vessel, enlarge shipbuilding

PETALING JAYA: Johor Corp’s (JCorp) shipping unit, E.A. Technique (M) Bhd, will use the funds raised from its initial public offering (IPO) to buy and convert an oil tanker into a floating storage and offloading (FSO) vessel and expand its shipbuilding facilities in Perak.

Business 20 May 2014 | 1:50 PM

EA Technique plans floating storage, marginal oilfield ventures post-IPO

PETALING JAYA: Johor Corp’s (JCorp) shipping unit EA Technique (M) Bhd will use the funds raised from its upcoming initial public offering (IPO) to buy and convert an oil tanker into a floating storage and offloading (FSO) vessel and expand its shipbuilding facilities in Perak.

Business 20 May 2014 | 10:08 AM

Affin Research maintains Sell on UMW-OG

KUALA LUMPUR: Affin Research has maintained its Sell call on UMW Oil & Gas (UMW-OG) with a target price of RM3.12 and likes the group for its strong management and and the good prospects of Malaysia’s jack-up rigs market.

Business 20 May 2014 | 8:17 AM

Wearable camera maker GoPro files to go public

NEW YORK: GoPro Inc, which makes wearable sports cameras and accessories, filed with US regulators on Monday to raise up to US$100 million in an initial public offering of common stock.

Banking 20 May 2014 | 12:00 AM

CIMB implements Plug n Pay in Pahang

PETALING JAYA: The Pahang State Government is collaborating with CIMB Bank to implement the latter’s Plug n Pay services as an alternative payment collection method to provide convenience to its people in making payments and to improve the state’s efficiency in collecting fees.

Nation 20 May 2014 | 12:00 AM

Transporters cry foul over new charges by MASkargo

PETALING JAYA: Exporters and freight forwarders are crying foul over the additional fees to be imposed by MASkargo following its move for heightened scanning measures.

Business 20 May 2014 | 12:00 AM

Faber lands RM1bil hospital maintenance contract

PETALING JAYA: Faber Medi-Serve Sdn Bhd has been awarded a 27-year contract worth RM1.03bil by Konsortium ProHAWK Sdn Bhd to provide asset management services for the facilities and infrastructure of a women and children’s hospital in Kuala Lumpur.

World 19 May 2014 | 7:20 PM

Ahead of EU vote, a struggle to close the 'democratic deficit'

BRUSSELS (Reuters) - As exercises in democracy go, this week's EU election rivals the United States, India and Brazil for sheer numbers.

Banking 19 May 2014 | 6:04 PM

CIMB and Pahang govt collaborate on Plug n Pay e-payment

KUALA LUMPUR: The Pahang State Government announced it is collaborating with CIMB Bank to implement Plug n Pay, which is an alternative payment collection method.