KUALA LUMPUR: Public Bank Bhd will launch a mixed asset fund, PB Dynamic Allocation Fund on Tuesday which will invest in equities and fixed income securities in local and foreign markets.
Tenaga Nasional Bhd (TNB) has inked a memorandum of understanding with PT PLN, the Indonesian state owned utility company, and PT Bukit Asam, a company primarily involved in coal mining and a holder of the Production Operation Mining Permit in Indonesia.
SAN FRANCISCO: Yahoo Inc has hired former Google director and media veteran Michael Barrett to help lead its efforts to reemerge as an entertainment and information destination that wins advertising revenue.
BERLIN/ATHENS: Euro zone paymaster Germany, relieved at a narrow election victory for Greece's pro-bailout parties, signaled on Monday it may be willing to grant Athens more time to meet its fiscal targets to avert a catastrophic euro exit.
Key Asian markets closed higher at the end of Monday's trade, as investor sentiment was buoyed by the election victories of pro-bailout politicians in Greek elections.
KUALA LUMPUR: Felda Global Ventures Holdings (FGVH) is confident of a successful listing on Bursa Malaysia, saying its strong business model would enable it to face global economic uncertainties.
KUALA LUMPUR: Nadayu Properties Bhd is targeting to achieve almost 100% sales growth to RM400 million this year, backed by upcoming several housing projects launch.
KUALA LUMPUR: Automotive replacement parts manufacturer New Hoong Fatt Holdings Bhd (NHF) plans to capitalise on the growing automotive market, especially in the neighbouring region.
KUALA LUMPUR: Mudajaya Group Bhd is confident of securing projects worth between RM500 million and RM1 billion this year, both at home and overseas, says its Managing Director Anto Joseph
ALOR SETAR: Isuzu Malaysia Sdn Bhd aims to sell 12,000 units of pick-up trucks and commercial vehicles by year-end, said chief executive officer, Kimithoshi Kurokawa.
KUALA LUMPUR: The Shariah Advisory Council (SAC) of the Securities Commission Malaysia (SC) has announced the adoption of a revised screening methodology to determine the Shariah-compliant status of listed companies.
KUALA LUMPUR: Bursa Malaysia has introduced the CDS Straight-Through Processing (CDS-STP) facility for its market participants to better manage transactions performed by Central Depository System (CDS) account holders
KUALA LUMPUR: Key Asian markets were higher in Monday's early afternoon trade, as investor sentiment was buoyed by the election victories of pro-bailout politicians in Greek elections. The results of the Greek election calmed fears that Greece might leave the euro currency union, and at 1.30pm today, Tokyo's Nikkei 225 was up 1.98% to 8,739.31 while Hong Kong's Hang Seng Index was higher by 1.17% to 19,459.45.
Kuala Lumpur: GHL Systems Bhd is not re-entering the Chinese market in the immediate future after the irregular transactions that took place in FY2011 but will focus on the opportunities ASEAN countries offer.
KUALA LUMPUR: AirAsia has appointed Aireen Omar as its new chief executive officer (CEO) of Malaysian operations as AirAsia group CEO Tan Sri Tony Fernandes resigns as Malaysia CEO.
KUALA LUMPUR: Mudajaya eyes additional projects to increase in recurring income rather than focusing on 'cyclical construction activities', said managing director Anto Joseph.
KUALA LUMPUR: Hong Leong Investment Bank (HLIB) Research opined that a rebound is in the pipeline, concerning the share price of Rimbunan Sawit Bhd.
KUALA LUMPUR: Key Asian markets were higher in Monday's morning trade, as investor sentiment was buoyed by the election victories of pro-bailout politicians in Greek elections.
KUALA LUMPUR: Bursa Malaysia has issued an Unusual Market Activity query to Pharmaniaga Bhd due to the consecutive limit up in the company's shares.
KUALA LUMPUR: CIMB Research remains Neutral on the mobile telecommunications sector, and said it rmained cautious on DiGi.Com Bhd given that the migrant market contributes to a hefty 20% of its revenue.
KUALA LUMPUR: Maybank Investment Bank (IB) Research is maintaning its Buy call on Eversendai Corp, with an unchanged target price of RM2.17 (based on 12 times 2012 price to earnings ratio).
KUALA LUMPUR: Hwang DBS Vickers Research is maintaining a buy on SapuraKencana Petroleum at RM2.70.
LONDON: Investors breathed a sigh of relief on Monday after Greece's election eased fears that Europe's currency bloc would break up, boosting shares and sending the euro to a one-month high.
KUALA LUMPUR:Hwang DBS Vickers Research said a sense of relief could boost Asian equities on Monday.
KUALA LUMPUR: RHB Research Institute has upgraded Malaysian Resources Corp Bhd to Trading Buy from Market Perform and raised the fair value by 10% from RM1.83 to RM2.02.
KUALA LUMPUR: CIMB Bank plc, which aims to be among the top 10 banks in Cambodia over the next five years, is targeting more than US$100mil (RM317mil ) in deposits and US$90mil (RM285mil) in total loan size by year-end.
KUALA LUMPUR: Malaysia which had last month bucked the regional trend and recorded net foreign fund inflows for the eighth consecutive month may see some stocks succumb to selling pressure by foreigners in the months ahead, analysts said.
KUALA LUMPUR: SHARE prices on Bursa Malaysia are likely to trend higher this week following positive leads from the US market, coupled with impressive recovery from the Greek financial markets, Affin Investment Bank vice-president, head of retail research Dr Nazri Khan said.
KUALA LUMPUR: PFC Engineering Sdn Bhd, a candidate for a reverse takeover (RTO) by PFCE Bhd, plans to double its order book to RM2bil by this quarter.
GEORGE TOWN: The construction and renovation industry in Penang may not be able to generate RM5bil worth of jobs this year as forecast by the Penang Master Builders’ and Building Materials Dealers Association (PMBBMDA).
KUCHING: Following its success in penetrating markets in Europe and the Middle East, national motorcycle manufacturer Motosikal dan Enjin Nasional Sdn Bhd (Modenas) plans to expand its market further to several Asian countries.
THE entire transformation programme is anchored on one over-riding aim – to become a high-income, developed nation by 2020. That is our true north. Everything that is being done and will be done in future is to enable us to get there.
GEORGETOWN: Astino Bhd is counting on its extensive manufacturing and sales network in the northern and central regions of the country to generate growth for the group.
KUALA LUMPUR: The FBM KLCI futures contracts on Bursa Malaysia Derivatives are expected to trend higher this week as investors take the cue from the positive developments in the US and Europe, dealers said.
SINCE the launch of Malayan Banking Bhd’s Global Wholesale Banking (GWB) operations, which included corporate banking and investment banking in July 2010, the group has made significant progress in building up the GWB’s business. We are convinced that it’s Maybank’s wholesale banking would eventually become a leading player in the Asean region.
PETALING JAYA: KUB Malaysia Bhd is streamlining its fast-food restaurant franchise businesses, A&W in Malaysia and Thailand, and concentrating on profitable outlets.
NEW YORK: Instead of backyard barbecues and beer, this Father’s Day could see many investors with their minds on Greece.
FRANKFURT: General Electric Co aims to buy a medium-sized business in Germany to expand its technological footprint, according to German daily Sueddeutsche Zeitung, citing a manager at the US conglomerate.
LONDON: US asset management company Waddell & Reed increased its stake in the Formula One motor racing business to 20.9% from around 14.4% in a US$500mil deal after the motor racing business put flotation plans on hold.
TOKYO: JAPANESE shares may rise again this week after Greek elections at the weekend, which will offer more clarity about the debt-hit nation’s future in the embattled eurozone, analysts said last Friday.
PITY the small banks. Since consolidation began in the sector, and coupled with its obsession for ever larger, more regional banking empires, the standalone financial institutions have had to shout to be heard.
MUMBAI: State Bank of India (SBI), the country’s biggest lender, planned to borrow US$1bil to US$2bil from the overseas market in the next three months, chairman Pratip Chaudhuri told reporters on the sidelines of a banking event.
ZURICH: Credit Suisse has no plans to issue new shares after the Swiss central bank called on it to improve its capital base this year, according to chief executive Brady Dougan.
PETALING JAYA: Palm oil mill expert, CB Industrial Product Holdings Bhd (CBIP) will focus on increasing its order book for its Modipalm mills in Malaysia and overseas while pursuing acquisitions of greenfield landbank in Indonesia for oil palm plantations this year.
KUALA LUMPUR: Crude palm oil (CPO) futures market is expected to remain cautious this week following uncertainties in the global market, dealers said.
KUALA LUMPUR: The Malaysian rubber market is expected to remain cautious this week as the eurozone debt crisis will most likely continue to influence trading, dealers said.
KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) is set to pick up this week on expected increase in buying activities, dealers said.
GEORGE TOWN: Companies in the country are expected to increase their advertising expenditure by about 15% this year from RM10.7bil in 2011.
LABUAN: Efforts are in the pipeline to position Labuan as the centre for reinsurance driven by the future prospect and performance of the insurance sector here last year.
KUCHING: Sarawak Cable Bhd (SCB), which will build its first mini hydro-power plant in North Sumatra, Indonesia, plans to develop several similar projects in Peninsular Malaysia.
PARIS: France wants the European Union to agree before the end of 2012 on growth-boosting measures worth 120 billion euros, the weekly Journal du Dimanche said yesterday, citing a proposal circulated by France ahead of an end-June summit.
ATHENS: Greece’s election is too close to call and could push the debt-ridden country out of the European single currency, rocking the euro to its core and sowing turmoil in global financial markets.
SAN FRANCISCO: Facebook Inc has agreed to pay US$10mil to charity to settle a lawsuit that accused the site of violating users’ rights to control the use of their own names, photographs and likenesses, according to court documents made public over the weekend.
ATHENS: Parties supporting a bailout saving Greece from bankruptcy won a slim parliamentary majority on Sunday, beating radical leftists who rejected austerity and bringing relief to the euro zone which was braced for fresh financial turmoil.
WASHINGTON: The Group of Seven industrialized economies said it was in "all our interests" for Greece to remain in the euro zone while respecting its international bailout commitments.
NEW YORK: U.S. stock index futures rose on Sunday with Greek parties that support a bailout for the country set to win a slim parliamentary majority, bringing some relief to a world braced for fresh financial turmoil.
NEW YORK: Axa Private Equity has raised $7.1 billion from outside investors marking the largest fund targeting investors looking to sell out of their buyout positions, the Financial Times reported on Sunday.
LOS CABOS, Mexico: The International Monetary Fund is ready to work with a new Greek government to get the country back to economic growth, a spokesman for the IMF said on Sunday.
NEW YORK: Greek political parties supporting a bailout for the country won a slim parliamentary majority in Sunday's elections, which may give markets some respite, but any coalition's majority looks set to be narrow and may lack the stability needed to push through painful reforms.
BEIJING: Average home prices in China's 70 major cities fell 1.5 percent in May from a year earlier, Reuters calculations based on official data published on Monday showed, and the pace of decline picked up in major cities such as Shanghai.
VIENNA: Greece's international partners should start talks with a new government in Athens quickly to ascertain its financing needs, European Central Bank policymaker Ewald Nowotny told an Austrian newspaper.
MUMBAI: India's central bank left interest rates and required bank reserves unchanged on Monday, defying widespread expectations for a rate cut and warning that relaxing policy could worsen inflation. Bonds, stocks and the rupee all fell
BERLIN: German Foreign Minister Guido Westerwelle said on Monday the substance of Greece's reform programme remained non-negotiable after the election victory for pro-bailout parties, but his country was willing to discuss the time-frame of the reforms.
TOKYO: The Bank of Japan on Monday raised its assessment on exports and output but warned of risks to the economy from slowing Chinese growth and fallout from Europe's sovereign debt crisis.
BERLIN, June 18 (Reuters) - Germany expects Greece's new government to honour existing commitments under its international bailout agreement and further loan tranches will hinge on its commitment to reforms, German Deputy Finance Minister Steffen Kampeter said on Monday.