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Business 05 Jul 2010 | 12:00 AM Premium

Struggle ahead seen for KL market this week

PETALING JAYA: The local benchmark index will struggle to stay above the 1,300-point psychological support level this week, as jittery investors fret over faltering global economic growth.

Business 14 May 2010 | 12:00 AM Premium

Scepticism over Ascot Sports profit guarantee

PETALING JAYA: There is scepticism that Ascot Sports Sdn Bhd, in which Berjaya Corp Bhd has proposed to acquire a 70% stake for RM525mil, can achieve RM375mil minimum profit guarantee over three years or an average of RM125mil a year.

Business 13 May 2010 | 12:00 AM Premium

Berjaya Corp to buy Ascot stake for RM525mil

PETALING JAYA: Conglomerate Berjaya Corp Bhd has proposed to acquire a 70% stake in Ascot Sports Sdn Bhd, a company owned by Tan Sri Vincent Tan, for RM525mil cash.

Business 02 May 2009 | 12:00 AM Premium

Which sectors to benefit?

THE bad times will end. It is just a matter of when. It is hard to mark that date on our calendars as recent economic data keep presenting a mixture of horrific tales (of more challenges to come) and hopeful signs (that the worst is over and recovery could be sooner than expected).

Business 10 Jan 2009 | 12:00 AM Premium

The black economy

In the current global economic downturn, with people losing jobs and businesses suffering shrinking revenues, we may well see a more vigorous black economy.

Business 23 Aug 2008 | 12:00 AM Premium

OSK: Casinos may be hit with higher taxes than NFOs

Casinos may be hit with a higher tax structure than numbers forecast operators (NFOs) under the gaming sector tax structure to be announced in Budget 2009 next week.

Business 28 Jan 2008 | 12:00 AM Premium

Strong spending seen despite volatile market

THE local consumer sector holds great potential despite the volatile global stock market and potential risks of a contagion effect from a US economic downturn on regional consumption.

Business 24 Nov 2007 | 12:00 AM Premium

Slower growth seen for 4D betting industry

The four-digit (4D) numbers forecast betting industry, which rings up sales of about RM7bil per annum, is expected to grow at a slower pace this year.

Business 07 Jul 2007 | 12:00 AM Premium

Sin taxes likely to be increased

The surprise excise duty hike for tobacco has raised concerns about similar tax increases in the brewery and gaming sectors, given that the Government needs more revenue to stimulate the economy.

Business 29 Oct 2005 | 12:00 AM Premium

SBT: Malaysia to hike cost of gaming licences

THE cost of licences for Malaysia's gaming operators is to be increased by a factor of up to five times.