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Business 28 Jul 2010 | 12:00 AM

Bank Negara seeks to nab five in get-rich-quick schemes

KUALA LUMPUR: Bank Negara is seeking to arrest five individuals who are suspected of operating get-rich-quick schemes.

Business 06 Jul 2010 | 12:00 AM

Competition Act to promote competitive environment

KUALA LUMPUR: The Competition Act 2010, which will come into force on Jan 1, 2012, will promote a competitive environment and give foreign investors more confidence in the country's business practices. The Act will govern all firms, including government-linked companies (GLCs).

Business 12 Jun 2010 | 12:00 AM

Promoting competition

THE Competition Bill 2010, which was passed last month and expected to be implemented by mid- or end of 2011, is aimed at creating a better business environment and to check against anti-competitive practices.

Business 12 May 2010 | 12:00 AM

Companies Commission forms special taskforce to fight crime

KUALA LUMPUR: The Companies Commission of Malaysia (SSM) has established a special taskforce that would collaborate with other government agencies to help fight against white collar crimes and build greater investor confidence, among locals and foreigners.

Business 20 Feb 2010 | 12:00 AM

Bank Rakyat turns in best profit in 55 years

KUALA LUMPUR: Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) posted its best profit in 55 years as an increase in income across all business segments and favourable cost of funds boosted its profit before tax and zakat to RM1.55bil for the financial year ended Dec 31 (FY09).

Business 19 Feb 2010 | 12:00 AM

Bank Rakyat hits RM1.55bil profit

KUALA LUMPUR: Bank Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) posted a pre-tax profit and zakat (tithe) of RM1.55 billion for the year ended Dec 31, 2009, an increase of 25.6 per cent over the RM1.234 billion recorded in the previous year.

Business 17 Nov 2009 | 12:00 AM

Bank Rakyat plans Ar-Rahnu X'Change network

PETALING JAYA: Bank Rakyat aims to open five Ar-Rahnu X#8217;Change branches next year through a franchise network, said managing director Datuk Kamaruzaman Che Mat.

Business 17 Sep 2009 | 12:00 AM

Consumer price index down 2.4% in Aug

KUALA LUMPUR: The consumer price index (CPI) fell for a third straight month in August, declining 2.4% compared with the same month last year.

Business 03 Sep 2009 | 12:00 AM

How will you benefit from the new RON95 petrol?

PETALING JAYA: RON95 was the buzz at neighbourhood petrol stations as consumers had to quickly grasp the differences between the RON92 (which is discontinued) and RON97 (which has been upgraded) and the new, more environment friendly oil.

Business 03 Sep 2009 | 12:00 AM

How will you benefit from the new RON95 petrol?

PETALING JAYA: RON95 was the buzz at neighbourhood petrol stations as consumers had to quickly grasp the differences between the RON92 (which is discontinued) and RON97 (which has been upgraded) and the new, more environment friendly oil.