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Business 07 Jan 2015 | 12:00 AM

After slashing capex, Petronas plans up to 30% cut in opex

PETALING JAYA: Petroliam Nasional Bhd (Petronas) is looking to make cuts in its operating expenditure (opex) by between 25% and 30% to preserve its profitablity as crude oil prices continue to tumble.

Business 31 Jan 2015 | 12:00 AM

Benalec in for the long haul in Tanjung Piai

BENALEC Holdings Bhd is far from done with its reclamation project in south Johor.

Business 08 Apr 2015 | 12:00 AM

AirAsia X to gain from lower fuel prices, better capacity management

PUBLICINVEST Research said among the key takeaways from its recent meeting with AirAsia X Bhd (AAX), the group chief executive officer Datuk Kamarudin Meranun is expecting operating profit by end-2015, building on ancillary income to boost revenue, improving integration within AirAsia Group to achieve better economies of scale and exploring new routes to drive new sales,

Business 10 Apr 2015 | 12:00 AM

Finance Ministry says Prokhas not appointed to assist 1MDB

PETALING JAYA: The Finance Ministry (MoF) said Prokhas Sdn Bhd is a company that has been providing advisory and consultancy services to the ministry and has not been appointed to assist 1Malaysia Development Bhd (1MDB).

Nation 26 May 2015 | 2:25 PM

Kit Siang slams duo's absence from PAC inquiry

KUALA LUMPUR: Several parliamentarians have slammed the excuses given for the absence of two key witnesses in Public Accounts Committee (PAC) inquiry into 1MDB.

Business 12 Apr 2015 | 7:48 AM

China developer Evergrande classifies debt as equity

HONG KONG: China's Evergrande Real Estate Group has cut leverage on its balance sheet over the past two years to a third by classifying some of it as equity, according to analysts' calculations based on its public filings.

Community 05 Jan 2015 | 12:00 AM

The race to get ready

While individuals look forward to the start of a new year, businesses, particularly small and medium enterprises (SMEs), are bracing for what could turn out to be a challenging year.

Business 28 Apr 2015 | 12:00 AM

IJM Land in project tie-up

PETALING JAYA: IJM Land Bhd has entered into a strategic partnership with Singapore-based Perennial Real Estate Holdings Ltd (PREH) to acquire and develop a 32.76-acre freehold waterfront land in Gelugor, Penang, into a large-scale integrated mixed-use development.

Business 28 Apr 2015 | 12:00 AM

Nod for Sabah project positive for Suria’s future earnings

PETALING JAYA: Kota Kinabalu-based port operator Suria Capital Holdings Bhd’s green light to finally develop the Jesselton Quay (JQ) in Kota Kinabalu, Sabah, is seen as a positive step for the company’s future earnings, according to analysts.

Letters 30 Jan 2015 | 12:00 AM

Allow using EPF to offset bankruptcy

From HAFIDZ BAHAROM, Shah Alam