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Business

KLIH stake purchase rejected

RAHMAN Hydraulic Tin Bhd shareholders yesterday rejected a resolution to ratify the group#039;s acquisition of a 19.02% stake in Kuala Lumpur Industries Bhd (KLIH).

Business

Retail group seeks help

THE retail and high-rise building industry is in urgent need of government assistance to reverse its flagging performance.

Business

Businesses express discomfort over power glitch

MEMBERS of the business community contacted by I>StarBiz/Igenerally expressed discomfort and slight dissatisfaction over the power glitch affecting Selangor, Kuala Lumpur, Putrajaya, Johor, Negri Sembilan and Malacca yesterday.

Business

Chinese regulators uncover 240 corruption cases at state banks

SHANGHAI, China: China's state-run banks discovered 240 corruption cases involving a total of 1.6 billion yuan (US$198 million; euro160 million) in funds in the first half of this year, amid stepped-up efforts to police the industry, regulators said.

Business

Malaysia ratifies Cape Town Treaty on aircraft financing

MALAYSIA became the required eighth country to ratify the Cape Town Treaty, an international treaty to facilitate cross-border financing and leasing of large commercial aircraft and aircraft engines, enabling the treaty to take effect on March 1.

Business

Green Packet keen on new strategic partners: CEO

Green Packet Bhd, a wireless technology specialist, expects to take on board strategic investors from the Middle East, said group managing director and chief executive officer Puan Chan Cheong.

Business

Talat plays a pivotal role for Pakistan

Proud of his country's rich and unique cultural heritage, Pakistani High Commissioner Maj-Jen (Rtd) Talat Munir had been stocking up 'reserves' of home-made gifts at his residence in Persiaran Stonor.

Business

M'sian businesses urged to look at Gulf states

Malaysian companies and businesses should look at Kuwait and other Gulf states for new opportunities, Datuk Seri Abdullah Ahmad Badawi said

Business

South Korea, US sign free trade agreement

WASHINGTON (AP): The United States and South Korea signed a free-trade agreement Saturday that reflected U.S. calls for stricter labor and environmental standards.

Business

Coles proxy votes strongly back sale to Australia's Wesfarmers

MELBOURNE (AP) - Proxy voters gave their initial support Wednesday for a 19 billion Australian dollar (US$17 billion; euro11.69 billion) bid for retailer Coles Group Ltd. by conglomerate Wesfarmers Ltd. - the largest takeover in Australian history.