Cathay Pacific Airways has plans to increase its fleet size to over 220 aircrafts in the next eight years for fuel-efficiency and gradual replacement of the old Boeing 747 planes.
EITA Resources Bhd enroute to a listing on the Main Market of Bursa Malaysia in early April, expects to raise RM17.5mil in proceeds, in a bid to to set up a new elevator manufacturing facility.
The Malaysian Government, via the Department of Irrigation and Drainage, will be spending RM880mil in flood mitigation projects throughout the country.
Bank Rakyat Bhd posted the highest ever net profit of RM2 billion for 2011, an increase of 49.5% over 2010.
The FBM KLCI dipped 2.85 points or 0.18%, closing at 1,588.06 at 5pm today.
PETALING JAYA: When Malaysians go on the Internet for news, The Star Online (thestar.com.my) is still the top destination, according to the latest data released by the Malaysian Digital Association (MDA).
KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is still open to collaboration talks with DRB-HICOM Bhd, which is the new owner of national carmaker Proton Holdings Bhd, managing director Datuk Aminar Rashid Salleh said.
PETALING JAYA: There is a gap between management guidance and consensus for loan growth – the challenge for banks is to ensure that their loan growth targets for this year are met.
EP Manufacturing Bhd (EPMB) may have taken the highway to depressing its valuation but the Maju Expressway Sdn Bhd (MESB) buyout could prove a worthy deal in the next five years.
The FTSE Bursa Malaysia KLCI (FBM KLCI) is likely to trend moderately higher this week despite global weakness on negative manufacturing data from China, France and Germany.
The merger of Sunrise Bhd with UEM Land Holdings Bhd early last year is set to provide a much-needed boost to the enlarged UEM Land group. StarBiz’s ANGIE NG recently caught up with UEM Land MD and CEO Datuk Wan Abdullah Wan Ibrahim on the group’s plans, going forward.
PETALING JAYA: Automotive industry players and observers are still maintaining a “wait-and-see” approach about the impact of Bank Negara’s responsible lending guidelines on total industry volume (TIV) for this year.
SINCE my assignment to Malaysia as ambassador in 2010, which was also the year that marked the 50th anniversary of the establishment of bilateral relations between South Korea and Malaysia, there has been significant progress in the relations from high-level visits to increased trade and investment.
TASEK GELUGOR: Malaysia’s economic growth remains strong and is at a comfortable level when compared with that of the global economy, says Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop.
WE met up with Naim’s management recently and understand that the group is poised to stage a comeback after its poor earnings performance in FY11.
NEW YORK: Portfolio managers will be doing some last-minute shopping for winners from the big stock market rally as they take part this week in the quarter-end ritual of window dressing.
AN official estimate of British growth in the fourth quarter of last year and a clutch of trading updates from blue-chip companies are on the agenda for London’s stock market investors next week.
TOKYO: SHARES may stage a rally in the coming week if positive economic data boosts sentiment after they were depressed in the past few sessions by worries over a global slowdown, analysts said Friday.
MILAN: The top investor in Banca Monte dei Paschi di Siena said it had sold an 8.2% stake in Italy’s No. 3 bank, raising around 339 million euros (US$449.61mil) and boosting chances of keeping creditors at bay.
KUALA LUMPUR: THE crude palm oil (CPO) futures contracts on Bursa Malaysia Derivatives, which closed on a high note last week, may see a retreat this week, dealers said.
KUALA LUMPUR: THE Malaysian rubber market is expected to see quiet trading this week as players are likely to adopt a wait-and-see attitude as they wait for more fresh leads, dealers said.
KUALA LUMPUR: THE Kuala Lumpur Tin Market (KLTM) is expected to continue its downtrend this week amid uncertainty in the global market, a dealer said.
WASHINGTON: The Obama administration on Saturday said it would again gauge interest from the oil and gas industry to explore federal waters off the Alaska coast, another bid to expand domestic energy production as gas prices soar and political pressure grows.
GUIRIA, VENEZUELA: Venezuela will pay Williams Cos Inc and Exterran US$420mil for the 2009 nationalisation of assets including a major gas injection project, the South American country’s oil minister said on Friday.
WASHINGTON: Jim Yong Kim, the US nominee to lead the World Bank, will win broad international support despite an unprecedented challenge by candidates from emerging economies, US Treasury Secretary Timothy Geithner said in an interview.