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Corporate News 27 Dec 2016 | 2:24 PM

India’s Tata sues ex-chief for alleged breach of confidentiality

MUMBAI: Indian salt-to-steel conglomerate Tata upped the ante in their bitter dispute with ousted former chairman Cyrus Mistry on Tuesday, saying they were suing him for breach of confidentiality.

Corporate News 27 Dec 2016 | 3:32 PM

Offer to take over The Store Corp turns unconditional

KUALA LUMPUR: The offer made by The Store Corp Bhd (TSCB) group managing director Tan Sri Tang Yeam Soon and his wife to acquire shares in the supermarket chain operator has turned unconditional, as they have gained control of 59.57% equity interest.

Commodities 27 Dec 2016 | 10:52 PM

Oil rallies in thin trade, adds to year's gains

NEW YORK: Oil gained 1.5 percent Tuesday, continuing its year-end rally with support from expectations of tighter supply once the first output cut deal between OPEC and non-OPEC producers in 15 years takes effect on Sunday.

Corporate News 28 Dec 2016 | 12:00 AM

Interesting twist in The Store

PETALING JAYA: The Tang family which is seeking to buy out The Store Corp Bhd has secured acceptances giving them a total of 59% of the company’s equity, making their offer unconditional despite the share price closing higher than the price on the table.

Commodities 28 Dec 2016 | 12:00 AM

Boon for sensor makers, equipment testers

GEORGE TOWN: The iPhone, Apple’s iconic smart mobile device, is celebrating its 10th anniversary next year and the market is expecting the company to come up with a strong line of new premium devices.

Corporate News 28 Dec 2016 | 12:00 AM

PKT Logistics in tie-up to offer e-commerce logistics services

PETALING JAYA: PKT Logistics Group Sdn Bhd is teaming up with China IOT Co Ltd to provide e-commerce logistics services and solutions.

Plantations 28 Dec 2016 | 12:00 AM

Sukuk, loan mix for Felda’s Indonesian Eagle High stake buy

KUALA LUMPUR : The Federal Land Development Authority (Felda) is set to raise funds for its 37% stake acquisition in PT Eagle High Plantations Tbk (EHP) via a mix of loans and sukuk issuance..

Business 28 Dec 2016 | 12:00 AM

Analyst: YNH’s disposal of medical facility timely

PETALING JAYA: Property developer YNH Property Bhd’s move to dispose of a medical facility in Perak for RM63mil could be seen as a move by the company to pare down debt and improve future earnings, in light of the challenging market conditions

Banking 28 Dec 2016 | 12:00 AM

Campaign helps boost AmBank’s retail spending

KUALA LUMPUR: The “Caltex: Fill, Swipe and Win” campaign has boosted AmBank’s year-on-year retail spending by 14% and garnered a 35% increase in AmBank card spend at Caltex stations.

Business 28 Dec 2016 | 12:00 AM

Sedania in tie-up with Iscada for IoT venture

PETALING JAYA : Sedania Innovator Bhd has entered into a strategic partnership agreement with Iscada New Sdn Bhd for the provision of Internet of Things (IoT) solutions for a period of five years.