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Corporate News 11 Jul 2017 | 12:51 PM

Defence Ministry seeks RM148mil damages from Boustead subsidiary

KUALA LUMPUR: Boustead Heavy Industries Corp Bhd’s (BHIC) subsidiary Boustead DCNS Naval Corp Sdn Bhd has been hit with liquidated damages claim totalling RM147.7mil from the Defence Ministry with regards to its Scorpene submarines support contract.

Business 11 Jul 2017 | 1:28 PM

Titijaya Land launches The Shore project in Sabah

KUALA LUMPUR: Titijaya Land Bhd has launched “The Shore” - a mixed-use waterfront premium class hub in Kota Kinabalu, with a gross development value of RM575mil.

Business 11 Jul 2017 | 3:48 PM

Wall St turns lower on Trump Jr emails (Update 1)

NEW YORK: US stocks swung lower on Tuesday after President Donald Trump’s eldest son released an email chain, which referred to a top Russian government prosecutor as offering the Trump campaign damaging information about Democratic rival Hillary Clinton.

Markets 11 Jul 2017 | 10:49 PM

Wall Street ends flat as politics drive stocks

NEW YORK: U.S. stocks ended little changed on Tuesday in a session marked by knee-jerk reactions to events in Washington that drove investors to first worry then hope about prospects for the Trump administration's economic agenda.

Business 12 Jul 2017 | 12:00 AM

Govt-backed Cool Japan Fund hit by harassment claims

TOKYO: A senior executive at the Cool Japan Fund, a government-backed investor in businesses that promote Japanese culture, has been accused of seeking dates and trips with women working there.

Business 12 Jul 2017 | 12:00 AM

Arbitration claim seen weighing on WCT

PETALING JAYA: The arbitration claim against WCT Holdings Bhd may have a long-term impact on the company’s earnings, assuming, in the worst-case scenario, it gets dragged over an extended period of time.

Business 12 Jul 2017 | 12:00 AM

Defence Ministry seeks RM148mil from BHIC subsidiary

PETALING JAYA: Boustead Heavy Industries Corp Bhd (BHIC) could take a hit in the event the company fails in its appeal against a liquidated damages claim by the Defence Ministry.

Forex 12 Jul 2017 | 12:00 AM

Ringgit outlook will become more positive: US$1=RM$4?

KUALA LUMPUR: The outlook on the ringgit is becoming more constructive, with Standard Chartered Bank (StanChart) expecting the currency to gradually strengthen towards RM4 per US dollar over the next one to two years.

Commodities 12 Jul 2017 | 12:00 AM

Malaysia’s oil and gas industry on the road to recovery

KUALA LUMPUR: There is optimism that the nation’s oil and gas industry is on the road to recovery, said Deputy Prime Minister Datuk Seri Dr Ahmad Zahid Hamidi.

Business 12 Jul 2017 | 12:00 AM

Amazon wins India’s approval to invest in food products

MUMBAI: Online retail giant Amazon.com Inc has secured approval to stock and sell food and groceries in India, potentially expanding its business in the fast-growing economy where it is in a pitched battle with home-grown rival Flipkart.