PETALING JAYA: Talks between Malaysia Airlines (MAS) and Australian carrier Qantas to set up a new premium airline has been terminated. Both airlines were unable to come to an agreement on the deal.
KUALA LUMPUR: Khazanah Nasional Bhd has increased its stake in Malaysia’s second biggest banking group, CIMB Group Holdings Bhd, by 1% to 29.9% in an open market purchase.
PETALING JAYA: Securities Commission (SC) managing director Datuk Ranjit Ajit Singh (pic) has been appointed chairman of the regulator with the retirement of Tan Sri Zarinah Anwar, whose term expires on March 31.
PETALING JAYA: Cellular companies globally are losing billions of dollars annually as more people shift towards free text messaging via Blackberry Messenger (BBM) and iPhone’s WhatsApp but the local celcos said there is limited impact of this new era of messaging on their bottom lines.
PETALING JAYA: With close to 2,600 high-end condominiums scheduled for completion in Kuala Lumpur this year, the outlook for the luxury condominium market in the capital city is expected to be challenging.
Prof Datuk Mazlan Othman answers your 10 questions.
Behind the mike, he is a deluge of jokes but off the mike, he is a practical man who has to plan shows and think about his livelihood.
PETALING JAYA: The deadline for the acceptances and payment for the 7% seven-year redeemable convertible unsecured loan stocks (RCULs) with a nominal value of RM175.45mil in Perwaja Holdings Bhd, and the deadline for excess RCULs application has been extended to March 16 from March 12.
PETALING JAYA: Policymakers at Bank Negara followed the lead of their regional peers by holding the key policy rate steady, as growth momentum moderated amid a slowdown in trade activity while upside risks to inflation remained.
Jeweller Mattia Cielo opened his exclusive boutique on top Italian luxury street Via Montenapoleone last October, only to see the flow of clients peter out after the government curbed the use of cash.
PETALING JAYA: SP Setia Bhd, which made two bids of £262mil (RM1.2bil) and £324mil (RM1.5bil) last year for London’s Battersea Power Station site, is said to be keen to make a fresh bid for the ongoing sales tender exercise for the 15.8ha (39.1 acres) freehold site.
KUALA LUMPUR: Community-focused healthcare provider, Columbia Asia Sdn Bhd, has a strong foothold in Malaysia, with a revenue contribution of 67% to its regional operations.
PETALING JAYA: Non-bank lenders such as Malaysia Building Society Bhd are likely to benefit from the civil servants’ salary increases of between 7% to 13% under an improved Malaysian Remuneration System.
PETALING JAYA: Permodalan Nasional Bhd (PNB) and Lembaga Tabung Haji (LTH) are likely to accept the revised offer price in the buyout offer from TYK Capital Sdn Bhd to take Eng Teknologi Holdings Bhd (Engtek) private, if the price does not fall below RM2 per share, said OSK Research.
PETALING JAYA: Tenaga Nasional Bhd (TNB) will benefit from the Government’s reform initiatives to create an electricity supply value chain that is more transparent and driven by market economics.
PETALING JAYA: Pua Khein-Seng, the 38-year-old Malaysian entrepreneur who invented the pen drive and runs Taiwan-listed Phison Electronics Corp, is setting up a Malaysian branch of his business that will work closely with Silterra Malaysia Sdn Bhd, Malaysia’s premier wafer fabrication plant in Kulim, reliable sources said.
BUKIT BERUNTUNG: Tesco Stores (Malaysia) Sdn Bhd plans to invest RM60mil in the next two years to open new stores and refresh some of its existing stores in the country.
GEORGE TOWN: The Government is this year targeting to equal or surpass the RM56bil investment in manufacturing achieved last year, despite the growing economic uncertainties in Europe and the United States.
KUCHING: Sarawak’s tropical log production dipped below 10 million cu m last year, the lowest level in more than two decades.
PETALING JAYA: Ahmad Zaki Resources Bhd (AZRB) will start work on the viaduct stretching from Plaza Phoenix to Bandar Tun Hussein Onn station for the Klang Valley Mass Rapid Transit (MRT) by the end of this month.
1Malaysia Development Bhd is paying a lot of money for Tanjong Energy Holdings Sdn Bhd. CEO Shahrol Halmi explains the acquisition of the power assets.
StarBizWeek spoke with 1Malaysia Development Bhd (1MDB) CEO Shahrol Halmi regarding the agency’s latest purchase of Tanjong Energy Sdn Bhd and its ongoing property projects KL International Financial District and Bandar Malaysia. Here are the excerpts of the interview.
FRESH from its RM8.5bil purchase of tycoon T. Ananda Krishnan’s power assets, 1Malaysia Development Bhd (1MDB) CEO Shahrol Halmi is upbeat about the potential for an Asean power grid.
A FAVOURITE question among corporate circles whenever T. Ananda Krishnan’s name pops up is: “Have you ever met the man?”
For Eversendai Corp Bhd, its recent announcements of winning contracts in Malaysia and overseas have certainly piqued the interest of the money men and the company would be embarking on a well-tested business trajectory most listed construction firms have followed. The company’s founder and group managing director Datuk A.K. Nathan believes it’s time for the steel fabricator and contractor to venture into a new business that is inter-related to its current core business, a common path blazed by the giants of construction in Malaysia.
Minimum wage is a controversial policy, but the call for it is to reflect a basic sum that could help low-income earners meet their basic needs.
Errol Oh analyses the role of independent directors when boards are often reconstituted once a new guard takes over.
P Gunasegaram has 10 reasons why credit card rates must not be raised and the same reason why they should be lowered instead.
Lin See-Yan analyses and explains why Greece needs more aid.
Tan Thiam Hock delves on when entrepreneurs should decide to exit their business and when enough is enough.
A residental lettings agency urges Malaysian investors in London properties to be “realistic about rentals” as the market has shown signs of easing in some locations since the second half of last year.
Thean Lee Cheng says there is no truth that property prices will tumble this year after a steep rise in the residential sector over the past few years. In fact, prices have gone up.
Alan Tong says you would expect your banker and lawyer to carry out their due diligence duties to ensure that your interest is not compromised.
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SHARE prices on Bursa Malaysia closed mixed as traders firmed their position ahead of the weekend, dealers said.
MALAYSIA Airlines (MAS) has appointed Ogilvy & Mather Advertising as its retained master creative agency.
CREATIVE agency BBDO/Proximity Malaysia will be focusing its efforts on developing its people and recruiting new ones for this year.
ADVERTISING and branding agency People ‘n Rich has recruited two industry heavyweights to strengthen its management team with the aim of building a solid base of top-flight talent for future growth.
ATHENS: Greece has clinched a high-stakes debt swap, paving the way for an urgent bailout needed for the stricken eurozone member to avoid default.
FRANKFURT: The European Central Bank said its net profit for last year amounted to 728 million euros (US$965mil), up from 171 million euros a year earlier.
LONDON: The London Stock Exchange (LSE) has agreed to buy a majority stake in LCH.Clearnet, giving it an entry into the hotly contested clearing market and landing chief executive Xavier Rolet a much-needed trophy.
ATHENS: Greece has agreed to settle a row over alleged bribes paid by German industrial conglomerate Siemens in a deal worth 270 million euros (US$358.37mil), the finance ministry said.
ATHENS: The Greek economy shrank by 7.5% in the fourth quarter of 2011, worse than thought with the economy in recession for a fifth year, official data showed.
BANGKOK: The Thai government should start to liberalise the domestic sugar trade by floating retail prices to avoid possible shortages when South-East Asian countries launch their single market, scheduled for 2015, millers said.
BEIJING: China’s annual consumer inflation slowed sharply to a 20-month low in February, and factory output and retail sales also cooled more than forecast, giving policymakers ample room to further loosen monetary policy to support flagging growth.
DETROIT: McDonald’s Corp has reported global February sales that missed Wall Street’s target as analysts underestimated what effect Europe’s harsh winter and economic upheaval would have on sales.
MELBOURNE: Australian miners are playing down the impact of a new law in Indonesia limiting foreign ownership in mines to no more than 49%, even after a senior Indonesian official said the law would apply to all foreign miners.