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Business 20 Nov 2007 | 12:00 AM

‘Guidance’ for Chinese banks

China's banking regulator said it is giving 'guidance'' to banks to cool lending that has already topped its goal of 15% growth this year and threatens to overheat the world's fastest growing major economy.

Business 20 Nov 2007 | 12:00 AM

AirAsia plans more int’l flights from Kuching

Budget carrier AirAsia plans to add more international destinations from Kuching, starting with Jakarta and Singapore, following the introduction of its Kuching-Macau flight.

Business 16 Nov 2007 | 12:00 AM

Gefung moving into W. Asia, North Africa via JV

Having established a foothold in China, Gefung Holdings Bhd is spreading its wings to West Asia and North Africa via a joint venture with major shareholder, Saudi Economic Development Co Ltd (Sedco).

Business 15 Nov 2007 | 12:00 AM

INS Bioscience sees stronger earnings

Banking on the rising popularity of herbal health supplements, Mesdaq-listed INS Bioscience Bhd is confident of sustaining strong earnings growth in the next five years.

Business 15 Nov 2007 | 12:00 AM

Green Packet plans to boost unit’s earning

WiMAX licence holder, Green Packet Bhd, plans to beef up earnings at 75% subsidiary Next Global Technology Sdn Bhd (Nextel) with new products and broadband services next year.

Business 14 Nov 2007 | 12:00 AM

Shenhua seeks global acquisitions

China Shenhua Energy Co, the world's second-largest coal seller, is seeking global acquisitions to diversify earnings, saying BHP Billiton Ltd's proposed offer for Rio Tinto Group will spur further mining industry takeovers.

Business 13 Nov 2007 | 12:00 AM

BHP plans US$30bil buyback if Rio bid succeeds

BHP Billiton Ltd, the world's largest mining company, said it would buy back US$30bil of shares should it win control of Rio Tinto Group.

Business 12 Nov 2007 | 12:00 AM

Merger mania

FOREIGN investment, which has played a significant role in sustaining the rapid growth of the Chinese economy, has acquired a new form, that of mergers and acquisitions (MAs).

Business 08 Nov 2007 | 12:00 AM

US stocks fall sharply as dollar sinks to fresh lows

NEW YORK (AP): Wall Street has suffered its second big drop this week, with investors worried about spreading fallout from the credit crisis at banks and about a dollar that just keeps getting weaker. The Dow Jones industrial average fell more than 360 points - just about matching its pullback of last Thursday.

Business 05 Nov 2007 | 12:00 AM

Costs a concern in double-tracking project

SOMETIME towards the end of the year or early next year, the multibillion-ringgit 329km double-tracking project running between Ipoh and Padang Besar will commence construction under a joint venture between MMC Corp Bhd and Gamuda Bhd. The project is scheduled for completion in five years.