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Business 29 Jan 2016 | 12:00 AM

Real estate agents: Govt serious about home ownership plan

PETALING JAYA: Real estate agents said the Government’s plan to limit the sale of house priced up to RM300,000 to first time house buyers only shows that it is serious about promoting home ownership among those who have yet to own a house.

Business 29 Jan 2016 | 12:00 AM

Chin Teck Q1 earnings 43.5% lower

KUALA LUMPUR: Chin Teck Plantations Bhd earnings fell 43.5% to RM5.98mil in the first quarter ended Nov 30, 2015 from RM10.61mil a year ago, partly because its associates sustained losses in their Indonesian oil palm plantations.

Business 29 Jan 2016 | 12:00 AM

Sticking to budget deficit target right move, debt rating will hold

PETALING JAYA: Keeping the budget deficit target intact was a good call by the Government, despite the challenges of falling revenue due to the slump in the price of crude oil.

Business 29 Jan 2016 | 12:00 AM

Pintaras awarded contract for Hilton project in i-City

KUALA LUMPUR: I-Bhd’s wholly-owned unit, City Centrepoint Sdn Bhd, has awarded the contract for earthworks, piling and sub-structure works for the Hilton project in i-City, Shah Alam, to Pintaras Jaya Bhds (Pintaras) wholly-owned subsidiary, Pintaras Geotechnics Sdn Bhd.

Business 29 Jan 2016 | 12:00 AM

Platform for funds

KUALA LUMPUR: Islamic banks can become an important financial intermediary for entrepreneurs looking to raise funds and expand their businesses.

Business 29 Jan 2016 | 12:00 AM

UK economy gains momentum on services growth

LONDON: The UK economy gained a little momentum at the end of last year, thanks entirely to the services industry.

Business 29 Jan 2016 | 12:00 AM

GrabTaxi breaking even

SINGAPORE: GrabTaxi Holdings Pte expects to break even in 2016, just four years after its founding, as South-East Asia’s largest venture-backed startup broadens its ride-booking services to stay a step ahead of hard-charging Uber Technologies Inc.

Business 29 Jan 2016 | 12:00 AM

Ads and users turbocharge Facebook sales growth

SAN FRANCISCO: Facebook Inc is turning into a well-oiled ad machine.

Business 29 Jan 2016 | 12:00 AM

PayPal, eBay earnings validate pressure to split company

SEATTLE: PayPal Holdings Inc wooed investors by increasing its customer base and transaction volume, while former parent company eBay Inc disappointed with declining sales on its core online marketplace.

Business 29 Jan 2016 | 12:00 AM

Mah Sing to launch six new projects with RM2.3bil GDV this year

KUALA LUMPUR: Mah Sing Group Bhd is planning to launch six new property projects with a total gross development value (GDV) of RM2bil over the year.