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Business 29 Dec 2016 | 12:00 AM

A tough year for banking sector amidst global turbulance

KUALA LUMPUR: Other than seeing a change of guard at the top, it was a rather tough year for the banking sector in 2016 for having to face the brunt of the global financial uncertainty with a dwindling loan growth.

Business 29 Dec 2016 | 12:00 AM

The world's richest men are getting richer

SAN FRANCISCO: In a year when populist voters reshaped power and politics across Europe and the United States, the world’s wealthiest people are ending 2016 with US$237bil more than they had at the start

Business 29 Dec 2016 | 12:00 AM

Bleak exports haunt S-E Asian nations, including Malaysia

SINGAPORE: The prospects for South-East Asia’s exports – which have powered growth for decades – are looking bleak There are some winners, but Malaysia is among the losers.

Business 29 Dec 2016 | 12:00 AM

Miners unearth a profit bonanza

MELBOURNE: Miners had been digging in one of Australia’s oldest collieries for almost a century until operations wound down a year ago, the victim of plunging global commodity prices. Now owner Glencore Plc is resuming output at the Queensland site, the latest sign of a profit bonanza bringing the world’s top metals and energy producers back from the brink.

Business 29 Dec 2016 | 12:00 AM

Top 2017 emerging EMEA picks are all things Russian

CAIRO: Almost everybody loves Russia and wants to get as far away as possible from Turkey.

Corporate News 29 Dec 2016 | 12:54 AM

Trading ideas: FoundPac, APM, Econpile and Scientex

KUALA LUMPUR: APM, Econpile and Scientex are among the companies which will see trading interest on Thursday while FoundPac will make its debut on the Main Market of Bursa Malaysia, says JF Apex Research.

Business 29 Dec 2016 | 1:01 AM

Breakfast briefing: Thursday, December 29

Breakfast briefing: Thursday, December 29

Corporate News 29 Dec 2016 | 1:03 AM

Firm debut for FoundPac on Bursa Malaysia

KUALA LUMPUR: FoundPac Group Bhd made a firm debut on the Main Market of Bursa Malaysia on Thursday when it opened at 61 sen which was seven sen above its offer price of 54 sen each.

Business 29 Dec 2016 | 1:17 AM

Writedown fears wipe US$5bil off Toshiba's value as it weighs options

TOKYO: A looming writedown at Japanese conglomerate Toshiba Corp <6502.T> has wiped almost $5 billion off its value in two days and prompted a credit rating downgrade on Wednesday, as the company grapples to plug a potential multi-billion dollar hole.

Corporate News 29 Dec 2016 | 3:34 AM

MIDF Research retains Buy on Gas Malaysia

KUALA LUMPUR: Gas Malaysia continues to be on MIDF Research's Buy list with an unchanged target price of RM3.07 after the government approved the revision of the natural gas tariff for the non-power sector in Peninsular Malaysia from January 2017 to end-2019.