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Business 30 Dec 2015 | 12:00 AM

Cheng transfers shares worth US$490mil to family holding company

HONG KONG: Billionaire Cheng Yu-tung transferred his shares in six Hong Kong-listed companies valued at about HK$3.8 billion (US$490mil) to a family holding company, almost four years after announcing retirement from his main company.

Business 09 Sep 2015 | 12:00 AM

Former Goldman banker joins Wilmar in dealmaking role

SINGAPORE: Wilmar International Ltd, the world’s biggest palm-oil processor, has hired former Goldman Sachs Group Inc banker Hsin Yue Yong for a dealmaking role.

Property 05 Sep 2015 | 12:00 AM

Weaker ringgit and political situation to affect retail

GIVEN the over-supply situation and other factors, including inflation and the goods and services tax (GST), the retail market is expected to be challenging in the last quarter of the year.

Retail 28 Mar 2015 | 12:00 AM

Retail slowdown seen

THIS year could see a slowdown in the retail sector, especially for the consumer discretionary space in view of the impending implementation of the goods and services tax (GST).

Retail 27 Jan 2015 | 12:00 AM

Retail sector likely to expand by 5.5%

PETALING JAYA: The retail industry is expected to grow by 5.5% in 2015 from an earlier projected figure of 6%, according to Retail Group Malaysia, a retail research firm.

Corporate News 10 Jan 2015 | 12:00 AM

Big presence in small caps

GOVERNMENT-LINKED investment companies and their associated funds have long played an active role in the local stock market.

Stocks Analysis 23 Sep 2014 | 12:00 AM

Support Line

MIKRO MSC tested the five-day old all-time peak of 39.5 sen during intra-day session amid fresh bargain-hunting interest. Technically, the moving average convergence/divergence (MACD) histogram is positive, implying the bulls are likely to explore uncharted territory in the short term. Initial support is seen at the 35-sen level and solid floor is pegged at the 50-day simple moving average of 32 sen.

Advertising & Media 23 Aug 2014 | 12:00 AM

Cash registers didn’t ring as loud during Raya and CNY sales this year

Festive seasons are a key time for shoppers and retailers, but the response to Hari Raya and Chinese New Year sales this year has been underwhelming compared with previous years.

Economy 27 May 2014 | 10:38 AM

Foxconn to buy US$390mil stake in Taiwan telco operator in 4G push

TAIPEI: Apple Inc supplier Foxconn Technology Group will buy a stake in Taiwanese mobile telecoms operator Asia Pacific Telecom for NT$11.6bil (US$390mil) in a deal that would expand its presence in Taiwan's fledgling 4G telecoms market.

Business 08 May 2014 | 12:00 AM

Tiger Air replacing chief exec

SINGAPORE: Tiger Airways Ltd is replacing its chief executive officer with a Singapore Airlines Ltd (SIA) board member, in a sign that its largest shareholder will wield greater influence at the troubled budget carrier.