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Asian rubber producers may curb exports to shore up prices

SINGAPORE/KUALA LUMPUR: Rubber producers in Asia are to meet next week to look at more measures to push up prices, which are not far above five-year lows, including restrictions on supply to global markets, a source who will be part of the meeting said.

Japan slips into surprise recession, paves way for tax delay, snap poll

TOKYO: Japan's economy unexpectedly slipped into recession in the third quarter, setting the stage for Prime Minister Shinzo Abe to delay an unpopular sales tax hike and call a snap election just two years after he took office.

SapKen sees tough times

KUALA LUMPUR: SapuraKencana Petroleum Bhd (SapKen), which saw its net profit tumble 61.7% to RM129.1mil in the fourth quarter ended Jan 31 against RM337.2mil previously, expects the oil and gas (O&G) industry to remain challenging.

AIF mulls bond issue to fund its operations

KUALA LUMPUR: A financially self-sustaining ASEAN Infrastructure Fund (AIF) plans to issue bonds to raise additional funds for its operations, said Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Abdullah.

Malaysian firms bet on overseas gaming market

Gaming in Malaysia is synonymous with the Genting group, but several Malaysian-liked companies have ventured into it outside the country with the latest being Luster Industries.

Telenor picks Asian chief Brekke as new CEO

OSLO: Norwegian mobile phone group Telenor appointed Sigve Brekke, the head of its Asian operations, to take over as chief executive from August 17, when Jon Fredrik Baksaas retires after 13 years atop the firm, it said.

Malaysian jungle graves add to Obama's trade pact headache in Congress

WASHINGTON: The discovery of scores of graves in people-smuggling camps in Malaysia is casting a shadow over President Barack Obama's signature trade deal as US lawmakers consider punishing trading partners that are soft on human trafficking.

Winds of change at Daya

Daya Materials is optimistic despite the gloom in the oil and gas industry

No fool-proof way to invest

WITH the increasingly pessimistic outlook for the world economy weighing heavily on global financial markets, what is an investor to do? Unfortunately, there is no fool-proof way to invest, and more often than not, skills for successful investing are gained from the benefit of hindsight, says seasoned fund manager Gerald Ambrose.

CIMB, RHB staff relieved mega-merger did not happen

WHEN news came in that the mega-banking merger had been called off, there was a round of applause among some relieved staff at RHB Capital Bhd. Over at the country’s biggest bank, Malayan Banking Bhd (Maybank), its senior officials were, ironically, left grimacing at a missed chance in what would have been a golden opportunity to strengthen its position if the merger had proceeded because its rivals would have been distracted by integration issues.