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Business

TPPA a 'collective effort', not dominated by US

PETALING JAYA: The Trans Pacific Partnership Agreement (TPPA) is being pursued as a “collective effort” by its 12 member nations and is not dominated by the United States alone, according to US trade representative ambassador Michael Froman.

Business

The cost of congestion

WHEN Marylene had her first baby, she continued working. When she had her second baby, she decided to quit the working world. Marylene’s office is in Petaling Jaya and her home is in Bukit Antarabangsa, Kuala Lumpur.

Corporate News

The short position

There is intense lobbying taking place even before the request for proposal (RFP) for Penang’s integrated transportation masterplan for the island is out.

Business

Microsoft says disrupts cybercrime rings with roots in Kuwait, Algeria

BOSTON: Microsoft Corp launched what it hopes will be the most successful private effort to date to crack down on cyber crime by moving to disrupt communications channels between hackers and infected PCs.

Business

Big money in data mining

A CAR with no steering wheel, accelerator pedal or brake pedal? The company that brought us the innovative Google search engine is now developing a “rounded, almost cuddly-looking two-seater” self-driving car as described by a California-based daily.

Business

IT spending expected to rise this year to RM67.9bil

KUALA LUMPUR: Malaysia’s total information technology (IT) spending is expected to grow 11% to reach RM67.9bil this year, more than double the 3% growth expected for the Asia-Pacific region where IT spending is forecast to reach US$746bil, according to global market research firm Gartner.

Business

AmFraser sale won’t affect AMMB

AMMB Holdings Bhd’s move to dispose of its wholly-owned Singapore-based stockbroking arm, AmFraser Securities Pte Ltd, is seen as non-core asset divestment and is expected to have immaterial impact on the group despite the provision made due penny stock debacle that rocked the Singapore Stock Exchange (SGX) last year, says group managing director Ashok Ramamurthy.

Business

CIMB Research starts coverage of GHL Systems

KUALA LUMPUR: CIMB Equities Research has started coverage of GHL Systems with a target price of RM1.60 as it is entering an exciting growth phase with its merchant acquisition strategy following the completion of e-pay’s integration.

Business

GHL Systems surges to multi-year highs

KUALA LUMPUR: GHL Systems’s share price surged to multi-year highs of RM1.14 in early Tuesday trade after CIMB Equities Research started coverage with a target price of RM1.60.

Business

Alibaba leads global equity capital markets treasure hunt

LONDON/HONG KONG: Global equity capital markets returned with a vengeance in 2014 as bankers, investors and companies led a charge that culminated spectacularly in Alibaba, the biggest share listing ever.