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Business

Naza Kia eyes 40% sales growth this year to 18,000 units

PETALING JAYA: Naza Kia Malaysia, the official distributor of Kia Motors vehicles in Malaysia, is targeting an annual sales growth of 40% to 18,000 units this year as the company expects an improvement in its inventory.

Business

Strong exports, factory output

EXPORTS in February accelerated 14.5% year-on-year, compared with 0.4% in January. This was broadly in line with consensus (Bloomberg: 15.3%) but higher than our bearish call of 6.9%. Sequentially, shipments jumped by a massive 17.2% month-on-month -1% in January).

Business

MUI seeks BNM nod to sell MUI Continental

Malayan United Industries Bhd (MUI) has applied to Bank Negara Malaysia for its approval to dispose of the insurance assets and liabilities of MUI Continental Insurance to Tokio Marine Insurans (Malaysia) Bhd.

Community

Societies cautioned of money laundering activities

KUANTAN: Societies are reminded to scrutinise its financing to prevent any attempt by certain quarters to carry out money laundering activities.

Community

Kong: Women have good business acumen

MOST women entrepreneurs are able to sustain their business ventures because they possess good financial management skills.

Business

Various issues need to be resolved for RHB-OSK merger to proceed

KUALA LUMPUR: Securing the approvals of overseas banking and financial regulators, the search for a “neutral” investment banking head and the need to iron out other “political and management” issues are some of the reasons why the RHB Capital Bhd (RHBCap)-OSK Holdings Bhd merger has yet to be concluded.

Business

Govt may double minimum price of houses foreigners can buy

KUALA LUMPUR: The Government is considering raising the minimum floor prices of houses foreigners are allowed to buy to RM1mil from the current RM500,000 in an effort to control the rise in property prices, sources said.

Nation

500 passengers trapped in stalled KTM Komuter train rescued

KUALA LUMPUR: More than 500 passengers were trapped for an hour in a stalled KTM Komuter train near the Bank Negara train station here on Monday.

Business

MBSB extends home financing

KUALA LUMPUR: Malaysian Building Society Bhd (MBSB) will start extending home loan financing facilities to the second generation of property purchasers for its housing project in Sepang, president and CEO Datuk Ahmad Zaini Othman said.

Business

Ministry to discuss ING’s appeal for compensation

KUALA LUMPUR: The Finance Ministry will discuss with Bank Negara ING Insurance Agency Force Association Malaysia’s (INGIAFAM) request for a fair compensation for agents from the ING Groep NV’s (ING) Asian units’ sell-off exercise.