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IGB sets to grow its REIT, now at RM4.5b
www.btimes.com.my
1 hour ago
[
IGB][
RM2][
RM8]
IGB Corp Bhd is set to grow its real estate investment trust (REIT), currently valued at RM4.5 billion, by injecting assets from its property development ventures in Johor in about five ...
Rubber prices close higher in cautious trading
www.btimes.com.my
2 hours ago
[
552]
The Malaysian rubber market closed higher on local buying support although regional markets were sluggish as China turned
to its mounting inventories to get cheaper rubber.
This prompte...
The inflation is expected to average 1.7pc in May
www.btimes.com.my
2 hours ago
KUALA LUMPUR: The headline inflation level is expected to tick upwards in May on dissipating base effects said economists.
According to a Business Times poll, the Consumer Price Index ...
PDB eyes regional airports to widen jet fuel
www.btimes.com.my
3 hours ago
[
AIRPORT][
CIMB]
Petronas Dagangan Bhd, the domestic marketing arm of Petronas, is currently approaching several regional airports as part of its plan to further widen its jet fuel segment.
Managing dir...
AirAsia wants no more delays in KLIA2
www.btimes.com.my
3 hours ago
[
AIRASIA][
AIRPORT]
Budget airline, AirAsia Bhd, wants no more delays in the opening of the new low-cost carrier terminal (LCCT), known as klia2.
Chief executive officer Aireen Omar said the news of the 11...
MAS to rope in six new code share partners
www.btimes.com.my
3 hours ago
[
MAS]
Malaysia Airlines (MAS) aims to strengthen ties with six new code share partners by next year.
Vice president (government and industry relations) Suresh Singam said MAS currently had 24...
Icon Offshore takes delivery new PSV
www.btimes.com.my
4 hours ago
PORT KLANG: Icon Offshore Bhd (Icon Offshore), Malaysia's third largest offshore support vessel group, today took delivery ofits first diesel electric platform supply vessel (PSV) equip...
Family takaful to grow 20pc in 2-3 years
www.btimes.com.my
4 hours ago
[
TAKAFUL]
The family takaful sector in Malaysia is expected to record a 20 per cent growth in premium over the next two to three years, said Etiqa Takaful Bhd.
In 2012, the segment registered tot...
Eversendai aims to secure RM1.5b contracts
www.btimes.com.my
4 hours ago
[
RM1][
RM8]
Structural steel turnkey and power plant contractor, Eversendai Corporation Bhd, aims to secure jobs worth RM1 billion for the rest of this year.
Founder and executive chairman Tan Sri ...
Palm oil comes off three-month highs
www.btimes.com.my
5 hours ago
Malaysian palm oil futures slipped on Wednesday as investors took profits after prices hit three-month highs in the previous session, but a weak ringgit and strong exports in the first h...
CFM to announce AirAsia engine order?
www.btimes.com.my
5 hours ago
[
AIRASIA][
CFM]
PARIS: Aircraft engine maker CFM International is expected to announce on Wednesday that it has won orders to power 100 Airbus A320 planes for AirAsia, industry sources said.
The orders...
AirAsia, AirAsia X win airline awards
www.btimes.com.my
5 hours ago
[
AIRASIA]
AirAsia has been named the World and Asia's Best Low Cost Airline for the fifth year in a row, while AirAsia X received the World's Best Low Cost Airline for both the Premium Class and
P...
Nazir: Act on rapid funds outflow
www.btimes.com.my
5 hours ago
[
CENTURY][
CIMB]
Asian companies and governments across the region have to act quickly, collectively and sensibly in the face of potential challenges from the rapid out flow of funds, says CIMB Group chi...
Tune Ins expects healthy growth this year
www.btimes.com.my
6 hours ago
[
AIRASIA]
Insurance products manager, Tune Ins Holdings Bhd (TIH), expects healthy growth in its earnings for the financial year ending December 31, 2013, in tandem with ongoing growth of AirAsia ...
Verdezyne to work with BiotechCorp
www.btimes.com.my
6 hours ago
Canada-based biochemical company, Verdezyne, Inc, has entered into a collaboration with the Malaysian Biotechnology Corporation (BiotechCorp) in its assessment of Malaysia as the
destina...
'Fiscal policy committee, a good move'
www.btimes.com.my
6 hours ago
[
CIMB]
The government's decision to set up a Fiscal Policy Committee aimed at reducing Malaysia's fiscal deficit is considered a very responsible move, said CIMB Group chief executive officer D...
Tambun Indah plans to buy more land
www.btimes.com.my
7 hours ago
[
TAMBUN]
GEORGE TOWN, June 19 (Bernama) -- Property developer, Tambun Indah Land Bhd, plans to spend RM100 million to RM200 million in capital expenditure (capex) this year to buy more land.
Man...
Tin price closes lower at US$20,100 a tonne
www.btimes.com.my
7 hours ago
The tin price on the Kuala Lumpur Tin Market(KLTM) eased US$100 to US$20,100 per tonne today on weak buying momentum as investors took cue from the bearish price of the metal on the Lond...
Kenanga maintains 'outperform' on MAHB
www.btimes.com.my
7 hours ago
[
AIRPORT][
KENANGA]
Kenanga Research has maintained its 'outperform' call for Malaysia Airports Holdings Bhd (MAHB) despite the delay to
complete klia2, the low-cost carrier terminal, with a target price of...
Eversendai founder not selling his stake
www.btimes.com.my
7 hours ago
Tan Sri AK Nathan, founder of Eversendai Corp Bhd has been approachd by foreign funds for his stake but he will not sell as the shares are undervalued currently.
Nathan owns 72 per cent...
Asia, a unique hotbed of trade & investment
www.btimes.com.my
8 hours ago
[
CIMB]
As Asia emerges as a global power, it is crucial to note the importance of culture in facing the challenges and opportunities within the growing economies, former group chief operating o...
Boeing launches 787-10 Dreamliner
www.btimes.com.my
8 hours ago
Boeing announced yesterday at the 2013 Paris Air Show that it has launched the 787-10 Dreamliner, the third member of the super-efficient 787 family.
Commitments for 102 airplanes from...
Short-term rates to remain stable
www.btimes.com.my
9 hours ago
Short-term interbank rates are expected to remain stable today as Bank Negara Malaysia (BNM) intervenes to absorb excess
liquidity from the financial system.
The central bank estimated ...
Ringgit opens lower against US dollar
www.btimes.com.my
9 hours ago
[
EURO][
YEN]
The ringgit was traded lower against the US dollar for three straight days in early trading today in tandem with the
strengthening of the greenback ahead of major announcement by the US ...
Bina Puri falls on incomplete JV project
www.btimes.com.my
9 hours ago
[
AIRPORT]
Shares in Malaysian construction firm Bina Puri dropped as much as two per cent in early trade after its joint venture (JV) UEM Sunrise was ordered to pay a fine for its inability to com...
TPM aims RM1m from angel investors
www.btimes.com.my
10 hours ago
[
RM1][
RM3]
PUTRAJAYA: Technology Park Malaysia (TPM) is targeting to raise at least RM1 million of capital investment from angel investors this year.
Speaking at the inaugural TPM Angel Chapter ye...
FBM KLCI rises in early trade
www.btimes.com.my
10 hours ago
[
ARMADA]
Malaysia’s benchmark stock index rose in early trade, extending its recovery in tandem with a steady Wall Street performance, led by gain in oil and gas firms such as Petronas Gas ...
US stocks rise decisively
www.btimes.com.my
12 hours ago
[
500][
PHARMA]
NEW YORK: US stocks on Tuesday rose decisively as investors bet that the Federal Reserve will stay the course the next day on its economic stimulus policy.
The Dow Jones Industrial Aver...
klia2 new launch date on May 2 next year
www.btimes.com.my
18 hours ago
[
AIRPORT]
The main contractor for the terminal building, UEMC-BP JV has confirmed that the completion date will be April 30 2014.
KUALA LUMPUR: The Kuala Lumpur International Airport 2 (klia2)...
Lynas sees good returns from Gebeng plant
www.btimes.com.my
18 hours ago
[
CENTURY]
2014 OUTLOOK: Aussie group expects first profit in 12 years with contribution from local rare earth ops
Lynas Corp may book a profit at the group level next year due to contribution from...
Sprint sues Dish and Clearwire as deadline looms
www.btimes.com.my
18 hours ago
NEW YORK: Sprint Nextel Corp on Monday said it has sued Dish Network Corp to block its tender offer for Clearwire Corp, on the eve of a key deadline in a takeover battle that includes Ja...
Chrysler stays adamant
www.btimes.com.my
18 hours ago
IN ONE of the biggest-ever showdowns between a carmaker and the government, Chrysler yesterday was expected to file papers explaining its refusal to recall 2.7 million older Jeep sport ...
Maersk, 2 rivals form alliance, to share ships
www.btimes.com.my
18 hours ago
[
FREIGHT][
MSC]
COPENHAGEN: The world's three biggest container shipping companies, including Maersk Line, have agreed to share vessels in a bid to minimise losses caused by overcapacity and falling fre...
'Indonesia subsidy cut good but more needed'
www.btimes.com.my
18 hours ago
IT'S taken Asian countries far too long to realise that fuel subsidies are unsustainable and poor economic policy, but there are encouraging signs that change is gathering momentum. ...
eBay confident of securing China payments licence
www.btimes.com.my
18 hours ago
EBAY Inc's PayPal division will become the first foreign company to secure a payments licence in China, its chief executive officer John Donahoe predicted, but the e-commerce giant is t...
Why Citigroup wants to rack up US taxes
www.btimes.com.my
18 hours ago
NEW YORK: Over the past few years, Citigroup Inc has been grappling with an unusual problem - how to incur more United States taxes. The third-largest US bank tried to buy the found...
Huawei to offer new smartphone
www.btimes.com.my
18 hours ago
SHANGHAI: Chinese telecoms giant Huawei will launch a new smartphone to better compete with high-end rivals like Apple and Samsung overseas, a company official said. Huawei will unveil...
HK probes HSBC over rate rigging
www.btimes.com.my
18 hours ago
HONG KONG: Hong Kong’s de facto central bank said yesterday that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other...
Third Point raises stake in Sony Corp
www.btimes.com.my
18 hours ago
TOKYO: New York-based hedge fund Third Point said it has raised its stake in Sony Corp and urged the Japanese company to create an independent board to run a partially spun-off entert...
EPF investing in 200 listed companies
www.btimes.com.my
18 hours ago
KUALA LUMPUR: In reference to our article headlined “EPF eyeing 40 mid-cap stocks” yesterday, the Employees Provident Fund is actually investing in 200 listed companies, inc...
Octagon to sell Advanced Pyrotech
www.btimes.com.my
18 hours ago
[
OCTAGON]
KUALA LUMPUR: Octagon Consolidated Bhd has proposed to dispose of its entire shareholdings in Advanced Pyrotech
Sdn Bhd to Ecobound Sdn Bhd for RM30 million.
The disposal is part of ...
Panama-based Triax invests in Hibiscus
www.btimes.com.my
18 hours ago
KUALA LUMPUR: Hibiscus Petroleum Bhd had received a US$10 million (RM31.5 million) investment from Panama-based Triax Ventures Corp for a 15 per cent stake in its joint venture company H...
Genting ups stake in Australia’s Echo
www.btimes.com.my
18 hours ago
[
GENTING]
SYDNEY: Genting Bhd has increased its stake in Australia’s Echo Entertainment Group, just weeks after rival Crown Ltd sold its 10 per cent stake in Echo.
Genting raised its stak...
Europe: Markets steady
www.btimes.com.my
18 hours ago
LONDON: Europe's main stock markets mostly steadied yesterday as traders digested better-than-expected German investor sentiment data and awaited the start of an all-important US Fede...
Asia: Mixed as US Fed prepares for meeting
www.btimes.com.my
18 hours ago
HONG KONG: Asian markets were mixed yesterday, with traders sitting on the sidelines as they await the US Federal Reserve's plans for its stimulus programme. The dollar enjoyed anot...
Hong Kong: Flat in cautious trade
www.btimes.com.my
18 hours ago
STOCKS ended flat yesterday in cautious trade as investors wait to see what the US Federal Reserve's plans are for its stimulus scheme. The benchmark Hang Seng Index edged down 0.02 ...
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