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Business 08 May 2010 | 12:00 AM

Wall Street sell-off spooks Asian markets

PETALING JAYA: Asian markets tumbled yesterday due to a Wall Street sell-off on Thursday which was triggered by concerns that Greece's debt problems will spread to other countries in Europe and hurt global economic recovery.

Business 15 May 2010 | 12:00 AM

CIMB Group to raise stake in CIMB Niaga

CIMB Group Holdings Bhd plans to acquire an additional 17.1% stake in PTBank CIMB Niaga Tbk from Khazanah Nasional Bhd for RM1.7bil.

Business 15 May 2010 | 12:00 AM

Currency gains boost IOI Q3 net profit 15-fold

IOI Corp Bhd reported a net profi t of RM549mil in the third quarter endedMarch 31, a 15-fold increase from RM37.36mil in the previous correspondingperiod, as the stronger ringgit enabled the planter to book in unrealisedcurrency gains of RM231.5mil on its US dollar-denominated borrowings.

Business 15 May 2010 | 12:00 AM

Analysts’ views mixed on Sime’s cost overrun impact

PETALING JAYA: Analysts are mixed on their views about the severity of Sime Darby Bhd's cost overruns of RM964mil.

Business 18 May 2010 | 12:00 AM

Global forex swings to hit exporters

PETALING JAYA: The recent fluctuations in global exchange rates will affect export-driven companies and conglomerates with substantial overseas operations, companieswith large import contents and those with plans to invest abroad, experts say.

Business 10 Jun 2010 | 12:00 AM

AirAsia X listing under study

PETALING JAYA: While the listing of AirAsia X Sdn Bhd (AAX) is deemed necessary, some analysts are still studying the viability of its business model as the long-haul low-cost model has yet to chart an established flight path.

Business 14 Jun 2010 | 12:00 AM

KL market this week to get cue from abroad

PETALING JAYA: The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) will remain driven by external factors, in particular the direction of the United States and other leading Asian bourses this week.

Business 08 Jul 2010 | 12:00 AM

RM1.14bil funding for 4th lane on N-S and NKVE highway no problem

PETALING JAYA: Analysts do not expect funding of the RM1.14bil highway-widening works in Malaysia to be an issue with PLUS Expressways Bhd.

Business 13 Jul 2010 | 12:00 AM

Good growth seen for Indon banks

PETALING JAYA: Indonesia is seen as the next growth story for local banks due to its low banking penetration rate and strong loan growth prospects, according to analysts.

Business 14 Jul 2010 | 12:00 AM

Bumper soybean reap may cap CPO rebound

PETALING JAYA: A bumper soybean harvest in South America may limit a recent rebound in crude palm oil (CPO) prices.