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Business

Samling to prepare RM1bil IPO for Bentley dealer

KUALA LUMPUR: Samling Group, the timber giant, is planning an initial public offering (IPO) of its automotive operations that could raise more than RM1bil, according to people with knowledge of the matter.

World

Former senior Hong Kong police officer jailed for baton assault during democracy protest

HONG KONG (Reuters) - A former senior Hong Kong police officer was sentenced to three months jail on Wednesday for assaulting a passerby with his baton during the city's massive pro-democracy protests of late 2014.

AseanPlus News

Hong Kong tourist and guide die climbing South Africa’s Table Mountain

Another tourist saved, hundreds left stranded on summit after dramatic rescue effort

Markets

Maybank, Sime, Petronas stocks underpin KLCI rebound

KUALA LUMPUR: Blue chips closed higher on Wednesday, with Maybank, Sime Darby and Petronas-linked stocks underpinning the advance as sentiment improved after the profit taking by local institutions the previous day.

Business

Oil trades near two-year high as U.S. stockpiles seen dropping

HONG KONG: Oil traded near the highest close in more than two years before U.S. government data forecast to show stockpiles extended declines for a seventh week and as unrest continued in OPEC’s third-biggest producer.

Business

Samling is said to prepare RM1bil IPO for Bentley dealer

KUALA LUMPUR: Samling Group, the Malaysian timber giant, is planning an initial public offering of its automotive operations that could raise more than RM1bil, people with knowledge of the matter said.

Markets

China stocks extend rally; Hong Kong also up

SHANGHAI: China and Hong Kong stocks rose further on Wednesday.

Markets

Petronas counters lead on KLCI

KUALA LUMPUR: At midday, the FBM KLCI reclaimed some lost ground from the previous session, rising 10.36 points to 1,793.06 points.

Cryptocurrency

MoneyGram deal collapse may force a re-think at Jack Ma's Ant

SAN FRANCISCO: Ant Financial may have to re-tool its global ambitions after stiff U.S. opposition scuppered what would have been its largest overseas acquisition.

Property Premium

Singapore apartment owners ride on collective sales

Neighbors band together to package all their units to sell, and land-hungry developers are willing to pay up