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Business 19 Apr 2013 | 12:00 AM

MIDF initiates buy call on Dayang

WE initiate coverage on Dayang Enterprise, an oil and gas maintenance and support services provider, with a “buy” conviction

Business 19 Apr 2013 | 12:00 AM

IBM posts rare quarterly earnings miss

NEW YORK: IBM Corp posted a rare quarterly earnings miss as the technology services company struggled with the depreciation of the Japanese yen and a failure to close a number of major deals, especially in Europe and the United States.

Business 19 Apr 2013 | 12:00 AM

Oldtown hits milestone with 200 stores

Oldtown Bhd reached a milestone in its white coffee café chain with 200 stores to date and plans to have between 20 and 30 more in Malaysia this year.

Business 19 Apr 2013 | 12:00 AM

Saudi pull-out won’t shatter sukuk plan

DUBAI: A surprise pull-out of Saudi Arabia from the International Islamic Liquidity Management Corp (IILM) may have deprived the body of a top credit rating, but its debut sukuk issue still looks set to be welcomed by a wide range of investors.

Business 19 Apr 2013 | 12:00 AM

TNB, Govt plan buffer fund to absorb volatility in prices

KUALA LUMPUR: Tenaga Nasional Bhd (TNB), which posted a net profit of RM1.27bil for the second quarter ended Feb 28, is currently in discussions with the regulators on the setting up of a stabilisation fund.

Business 20 Apr 2013 | 12:00 AM

Global forex market

MARKET saw aggressive unwind of risk exposure with downward pressure on stocks, commodities, treasury yields and risk currencies.

Business 20 Apr 2013 | 12:00 AM

Up close and personal

Dean of Havard Business School Nitin Nohria tells of how he becomes an educator although he started off studying to be an engineer.

Business 20 Apr 2013 | 12:00 AM

Hwang-DBS takes centre stage

THE race to get the investment banking business of Hwang-DBS (M) Bhd is on now that it has obtained permission from Bank Negara to commence preliminary negotiations with Affin Holdings Bhd and AMMB Holdings Bhd – its two suitors.

Business 20 Apr 2013 | 12:00 AM

UOB targets financially successful women

KUALA LUMPUR: Realising the growing number of high net-worth women in Malaysia, United Overseas Bank (M) Bhd (UOB Malaysia) introduced its new credit card yesterday – the UOB Lady’s Solitaire Card – exclusively for financially successful women.

Business 20 Apr 2013 | 12:00 AM

IBM blames weaker yen for poor performance

NEW YORK: IBM Corp posted a rare quarterly earnings miss as the technology services company struggled with the depreciation of the yen and a failure to close a number of major deals, especially in Europe and the United States.