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Business

Genting S’pore casino set to open before rival

PETALING JAYA: Genting Singapore'sb/b>Resorts World at Sentosa (RWS) is in a good position to pull ahead of Las Vegas Sands' Marina Bay Sands (MBS) in the race to open the first casino in Singapore following a delay in the MBS project, analysts said.

Business

UMW confident of another contract for it's oil rig

PETALING JAYA: UMW Holdings Bhd is confident of securing a new contract for its jack-up drilling rig, Naga 2, to replace the US$170mil contract that was terminated by PCPP Operating Co Sdn Bhd recently, said president and chief executive officer Datuk Abdul Halim Harun.

Business

Traders caught by sharp market pullback

PETALING JAYA: The sharp market pullback this week caught many traders by surprise but analysts feel that the uptrend remains intact in the longer term.

Business

Aviation sector faces losses and dwindling demand

THE aviation industry is already reeling from losses and dwindling demand due to the global recession. Even now, with oil prices having tumbled to well below last year's high of US$147 a barrel, several airlines are still paying off hedges locked in last year.

Business

Operational efficiency key challenge for Pos Malaysia

AS Malaysia enters a new chapter of relationship with China, following Prime Minister Datuk Seri Najib Razak's landmark visit to the country, a memorandum of understanding (MoU) between the countries' national postal companies had been sealed early this month.

Business

Maybank strives to get back its roar

The top bank's biggest challenge is to quickly crank up the profits of Bank Internasional Indonesia

Business

Bank Negara’s revised GDP estimates will not be too far from previous projection

PETALING JAYA: Bank Negara's upcoming revised economic forecast for the year will likely be not too far off from its previous projection of a 1% contraction to 1% growth, given that certain economic indicators, both global and local, are starting to stabilise, economists said.

Business

KLCI starts Monday on a high note (update)

KUALA LUMPUR: Shares on Bursa Malaysia inched higher on Monday, as local investors continued to chase up small cap counters and cyclical stocks on improving risk appetite for equities

Business

House buyers cautious due to fears of income security

Potential house buyers are still wary about making property purchases despite lower mortgage rates as the economic outlook remains uncertain, analysts said.

Business

Industrial property sector resilient

AMID the struggling economy, the local industrial property market seems to fare better than office and residential properties although industry players expect the market for this asset class to remain flattish this year.