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Business

MAS rises, Affin Research sees turnaround in FY13

Shares of Malaysian Airline System Bhd (MAS) rose in active trade on Tuesday as investors expect the carrier to record an improvement in its financial performance in 2013.

Business

Boom time for bakery

PENANG bread maker, Maliia Bakery (M) Sdn Bhd, is enjoying growth in demand for its traditional roti bengali. And in view of this rising demand for the bread as well as its other pastries, Maliia is looking into plans to expand its business with a new bakery facility in Perak or Johor next year.

Business

Indonesia a haven for illegal coal miners

JAKARTA: Indonesia may be the world’s top exporter of thermal coal, but that masks an embarrassing fact for a government scrambling to raise revenue – more than US$5bil worth of the fuel is mined illegally and goes untaxed each year.

Business

Maxis' new CEO ready to take on massive task

Since coming on board eight weeks ago, Morten Lundal has put into motion a plan that flattens the managerial structure in Maxis.

Business

UMW Oil & Gas awards US$218m contract to Keppel subsidiary

KUALA LUMPUR: UMW Oil & Gas Corporation Bhd (UMW-OG) has awarded a US$218mil contract to Keppel Corporation Ltd's subsidiary to build a rig vessel as it seeks to expand its drilling operations.

Business

Keppel gets RM725.5mil UMW-OG jack-up rig contract

PETALING JAYA: UMW Oil and Gas Corp Bhd (UMW-OG) has awarded a contract worth US$218mil (RM725.5mil) to Keppel Corp Ltd’s subsidiary to build its sixth jack-up rig to raise revenue and profit contribution from its drilling operations.

Business

Malaysia's UMW Oil & Gas orders new US$218mil jack-up drilling rig

KUALA LUMPUR: Malaysian offshore drilling services company UMW Oil & Gas Corp has ordered a new jack-up rig from a subsidiary of Singapore's Keppel Corporation for $218 million, it said on Thursday.

Business

Cisco's strong US sales, popular Nexus product raise revenue

NEW YORK: Network equipment maker Cisco Systems Inc posted a shallower-than-expected 5.5 percent drop in quarterly revenue, as recovering demand in regions like the United States and Northern Europe helped offset sluggish sales in emerging markets.

Business

Sony looks at the future in search of revival

TOKYO: Japan's Sony Corp is hammering out plans to rise from the ashes of nearly US$10 billion lost in six years by building a future around its last consumer electronics blockbuster - the PlayStation.

Business

Cheaper oil allows South-East Asia to grow better

JAKARTA: Rising risks of deflation in major economies have renewed worries about global growth, but sliding prices for oil and other commodities should boost most of South-East Asia, except perhaps net exporter Malaysia.