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Business 22 May 2012 | 12:00 AM

Operational efficiencies to balance forex losses for Axiata Q1 results

PETALING JAYA: With Axiata Group Bhd set to release its first quarter results to March 31, 2012 today, analysts are expecting flattish growth due to the depreciation of currencies in the countries that it operates, but supported by a rebound in its operational efficiencies. There are no dividends expected as Axiata usually declares them semi-annually.

Business 21 May 2012 | 12:00 AM

Dataprep plans partnerships

PETALING JAYA: Information and communications technology (ICT) services provider, Dataprep Holdings Bhd is likely to announce its partnership with several strategic partners soon to grow its business as part of its plan to turnaround the company.

Business 19 May 2012 | 12:00 AM

Strong Wal-Mart profit trumps bribery probe concerns

CHICAGO: Wal-Mart Stores Inc’s profit and sales surpassed expectations as more people shopped at its established US stores and spent more, pushing shares up more than 4% despite ongoing internal and government probes into possible bribery.

Business 19 May 2012 | 12:00 AM

Historic Facebook debut falls short of expectations

SAN FRANCISCO (Reuters) - The historic initial public offering of Facebook Inc did not go as planned on Friday, as the social networking company's skyhigh valuation combined with trading glitches left the stock languishing near its offering price at the market close.

Business 19 May 2012 | 12:00 AM

MOL may sell Facebook shares

PETALING JAYA: MOL Global Bhd may sell off its shares in Facebook Inc and utilise the proceeds to expand its current business or distribute it as dividends to shareholders.

Business 19 May 2012 | 12:00 AM

Yung Kong will make high-end steel products in October

KUCHING: Yung Kong Galvanising Industries Bhd will produce high-end steel products when its RM30mil continuous colour-coating plant in Selangor begins operations in October.

Business 19 May 2012 | 12:00 AM

GUH keen on non-core ops

RIDING on a strong net cash of RM142.56mil, Penang-based mainboard printed circuit board (PCB) manufacturer GUH Holdings Bhd has initiated a business action plan that will enable its non-electronic business divisions to contribute more substantially to the group’s revenue over the next five years.

Business 19 May 2012 | 12:00 AM

A summer of discontent

Lin See-Yan provides some analysis of the dire state the European economy is in.

Business 19 May 2012 | 12:00 AM

Shell Lubricants to ride on The Star’s iSnap to enhance profile

SHELL Lubricants, a division of Shell Malaysia Trading Sdn Bhd, will bank on The Star’s new augmented reality feature, iSnap, as a platform to enhance the presence of its Shell Helix motor oil in the lubricant market and forge close interaction with customers.

Business 19 May 2012 | 12:00 AM

Support seen at 1,500 points

MARKET TREND - By K.M. LEE