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Business 27 Jan 2017 | 12:00 AM

Morgan Stanley sees Asia gains shielding it from China reversal

HONG KONG: Morgan Stanley’s mergers advisory business in Asia outside Japan pulled in record fees last year and the firm gained market share in equities, helping partially shield it from an investment-banking contraction that prompted competitors like Goldman Sachs Group Inc to cut jobs.

Corporate News 26 Jan 2017 | 9:00 AM

Tabung Haji records RM1.06b income from O&G investments since 2001

KUALA LUMPUR: Lembaga Tabung Haji recorded a cumulative RM1.06bil income from all its investments in the oil and gas (O&G) sector since 2001 while short or medium term marked-to-market unrealised losses will not change its investment focus.

Business 26 Jan 2017 | 7:51 AM

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Corporate News 26 Jan 2017 | 7:29 AM

Heineken says deals an option as it eyes growth in Vietnam

SINGAPORE: Heineken NV said it will consider deals to expand its presence in Vietnam - a young, beer-loving economy that is already its second-most profitable market globally - as the south-East Asian country loosens its grip on state-run brewers.

Corporate News 26 Jan 2017 | 6:55 AM

Proton to announce strategic partner earliest by April: CEO

SHAH ALAM: Proton Holdings Bhd aims to announce its foreign strategic partner in April, or the latest by end-June, its chief executive officer Datuk Ahmad Fuaad Kenali said.

Corporate News 26 Jan 2017 | 6:48 AM

SK Hynix tips strong 2017 as chipmakers ride demand surge

SEOUL: South Korea's SK Hynix Inc on Thursday reported its best quarterly profit in nearly two years and guided for a strong 2017, joining other chipmakers in an earnings bonanza as smartphones and data servers demand ever more processing power.

Corporate News 26 Jan 2017 | 5:31 AM

Kelington unit secures RM40m Pasir Gudang project

KUALA LUMPUR: Kelington Group Bhd has secured a RM40mil contract to provide turnkey construction and engineering services to one of the world's major suppliers of speciality emulsion polymers.

Corporate News 26 Jan 2017 | 4:43 AM

Mah says Malaysia plans regional palm oil office in Tehran

KUALA LUMPUR: Malaysia is set to open a regional palm oil office in Tehran, Iran to push the commodity's growth in the Middle East, following the breakdown of the Trans Pacific Partnership (TPP) Agreement.

Business 26 Jan 2017 | 3:44 AM

Oil prices rise on weakening dollar, but plentiful supplies cap gains

SINGAPORE: Oil prices rose on Thursday, driven up by a weakening dollar, but gains were capped by plentiful supplies and inventories despite an effort by OPEC and other producers to cut output and prop up the market.

Corporate News 26 Jan 2017 | 3:20 AM

CIMB Research upgrades MPI to Buy, higher target price

KUALA LUMPUR: CIMB Equities Research has upgraded Malaysian Pacific Industries (MPI) the stock from Hold to Add with a higher RM9.70 target price due to the higher earnings growth, driven by a recovery in smartphone demand.