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Markets 11 Jul 2017 | 12:00 AM

Rozabil, Poh buy into Iris

PETALING JAYA: The emergence of two influential new directors in Iris Corp Bhd is set to give the ailing information technology solutions provider a new lease of life.

Analyst Reports 11 Jul 2017 | 1:43 AM

Barakah needs to address financials in the short-to-midterm

KUALA LUMPUR: Maybank Investment Bank has maintained its “sell” call on Barakah Offshore Petroleum with an unchanged target price of 13 sen, based on one time EV/replacement value.

Economy 11 Jul 2017 | 2:48 AM

Big UK firms curtail investment plans, consumer slowdown deepens

LONDON: The chances of Britain's economy picking up steam diminished further on Monday as surveys showed major companies have curtailed their investment plans and that consumers spent less on their credit cards

Corporate News 11 Jul 2017 | 6:11 AM

Chief of bitcoin exchange Mt. Gox pleads not guilty to embezzlement

TOKYO: The 32-year-old chief executive of defunct Mt. Gox pleaded not guilty on Tuesday to charges relating to the loss of hundreds of millions of dollars worth of bitcoins and cash from what was once the world’s biggest bitcoin exchange.

Corporate News 11 Jul 2017 | 7:11 AM

Western Digital says it matched rivals’ bids for Toshiba chip unit

SAN FRANCISCO: Western Digital Corp said it matched rival bidders’ offers to acquire Japanese conglomerate Toshiba Corp’s flash memory unit ahead of a court hearing on Friday over whether to halt the auction process.

Corporate News 11 Jul 2017 | 7:30 AM

China sovereign fund CIC profit rises, seeks more US direct investment

BEIJING: China’s sovereign wealth fund China Investment Corp (CIC) posted a 1.88% rise in 2016 net profit to US$75.3 billion, boosted by stronger returns from its overseas portfolio.

Corporate News 11 Jul 2017 | 8:51 AM

CIMB Research top picks are Tenaga, Gamuda and Sime Darby

KUALA LUMPUR: CIMB Equities Research expects the dividend yield play, the impending 14th General Elections and Permodalan Nasional Bhd (PNB) transformation themes to be in focus in the second half of 2017.

Corporate News 11 Jul 2017 | 9:34 AM

Lotte Titan Chemical ends first day lower, KLCI down

KUALA LUMPUR: Lotte Titan Chemical Holdings ended its first trading day on Bursa Malaysia on Tuesday on a downbeat note, weighed down further by the overall cautious market sentiment.

Business 11 Jul 2017 | 9:39 AM

Malaysia may reevaluate trade with France over palm biofuels stand

BANGI: Malaysia will be compelled to reevaluate options on trade with France if the country keeps its stand on palm biofuels, said Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.

Taxation 11 Jul 2017 | 10:01 AM

IRB's tax collection year-to-date exceeds same period last year

CYBERJAYA: The Inland Revenue Board (IRB) has collected more than RM56bil in taxes up to early July, exceeding the RM55bil collected in the corresponding period last year.