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Business 03 Jun 2019 | 6:14 AM

Milux minorities advised to reject takeover offer

KUALA LUMPUR: Interpac Securities Sdn Bhd advises Milux Corporation Bhd minority shareholders to reject the takeover offer from Topspike Holdings Sdn Bhd and Asia New Venture Capital Holdings Sdn Bhd (ANVCHSB) at 80 sen per share.

Business 29 May 2019 | 12:00 AM

AmBank targets to maintain loan growth rate and reduce costs

KUALA LUMPUR: AMMB Holdings Bhd or the AmBank Group is targeting to maintain its loan growth of 6% for financial year 2020 (FY20) if the country’s GDP hovers around 4.5%.

Business 21 May 2019 | 12:00 AM

Tencent, Pearson among backers of UK AI startup

LONDON: Prowler.io, an artificial intelligence company based in Cambridge, England, has been valued at US$100mil following a funding round involving a group of investors that includes Chinese technology giant Tencent Holdings Ltd and Pearson Plc.

Business 15 May 2019 | 9:33 AM

Hubline completes RM14.19mil acquisition of Layang Layang Aerospace

KUCHING: Hubline Bhd is moving into the aviation industry with the completion of its purchase of a 51% stake in Layang Layang Aerospace Sdn Bhd.

Business 09 May 2019 | 12:00 AM

Tencent swaps PUBG for game that can generate profit

HONG KONG: Tencent Holdings Ltd has unveiled its latest entry in the Battle Royale death-match genre, allowing China’s largest social media company to begin cashing in on a red-hot gaming arena.

Forex 08 May 2019 | 3:01 AM

Singapore central bank to reveal FX intervention, improving transparency

SINGAPORE: Singapore's central bank said on Wednesday it will disclose more information on the actions it takes to implement monetary policy, including releasing data on foreign exchange intervention every six months

Business 03 May 2019 | 12:39 PM

Linbaq CEO offers to take over Milux at 80 sen a share

KUALA LUMPUR: Johor-based property developer Linbaq Holding Sdn Bhd 's CEO Datuk Wira Ling Kah Chok has launched a mandatory offer to acquire all shares in Milux at 80 sen a piece.

Business 29 Apr 2019 | 12:00 AM

China supply deal to boost demand for palm oil

PETALING JAYA: Malaysia’s current high palm oil stockpile is expected to ease to a manageable level, given the latest commitment by China to import an additional 400,000 tonnes of local palm oil per year in the next five years, say local planters.

Business 16 Apr 2019 | 12:00 AM

Dzuleira appointed new CEO of MaGIC

PUTRAJAYA: Dzuleira Abu Bakar has been appointed as the new Malaysian Global Innovation & Creativity Centre (MaGIC) chief executive officer effective yesterday, the Entrepreneur Development Ministry (MED) announced.

Business 15 Apr 2019 | 12:00 AM

Exporters told to learn regulations in their exporting countries

KUALA LUMPUR: Exporters need to know the importing countries’ regulations when exporting their products to ensure smoother transactions.