ATHENS: Finance ministry officials in Greece have calculated that the debt-stricken country's economy will recover faster and its debt be more sustainable if it is given two more years to reduce its budget deficit, a Greek newspaper reported on Saturday.
NEW DELHI: A combination of power blackouts, uncertain tax rules and contracts that are not honoured make India a difficult place to do business, a senior Dell Inc
SHANGHAI: Premier Wen Jiabao encouraged North Korea to allow "market mechanisms" help revamp its economy, state media said on Saturday, and laid down other pre-conditions as China tries to wean its impoverished ally off its dependence on Chinese aid.
SINGAPORE/AMSTERDAM: Heineken NV
VIENNA/HELSINKI: Smaller euro zone countries that have retained top credit ratings through the region's crisis squabbled on Friday over whether struggling nations like Greece that threaten the currency union's stability should be kicked out.
NEW YORK: Global shares and the U.S.dollar advanced on Friday as apparent support from German Chancellor Angela Merkel for European Central Bank intervention to calm the euro zone's debt troubles lifted investor sentiment for a second day.
REMEMBER the television advertisement some months back by an investment bank touting Asean as the third leg in the Asian growth story? Well, that resilience will be tested in the coming months, if it has not already, because growth in the other two legs, China and India, have slowed down.
WITHOUT a doubt, monetary policy for the remainder of the year will weigh more on growth than on inflation. This was also emphasised by Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz at a media briefing on Wednesday when the second quarter’s GDP was released.
MALAYSIA’S growth for the fourth quarter is likely to see some gradual improvement after bottoming out in the third quarter driven mainly by year-end festive demand and possible clarity in the eurozone.
Errol Oh focuses on an unusual case of a listed company that was faulted for being too prudent.
P Gunasegaram stresses on the need to clampdown on market manipulation and spotlights the recent runup of E&O’s
Andrew Sheng details how central banks have lost their god-like status in the current economic woes in the West.
Joan Hoi describes how innovative television coverage of the Olympics has engaged audiences.
It may not be just the cult of equity which is dead, it may be the cult of investment
Bursa Malaysia extended the previous week’s three-day winning streak on follow-through interest, with the bellwether FBM Kuala Lumpur Composite Index (FBM KLCI) rising 1.94 points to 1,647.30.
IN a mostly muted week, better-than-expected US retail sales provided the market with some catalyst. In most cases, good US data would spur risk-on and consequently an appreciation of risk currencies.
MWE Holdings Bhd sustained the upward thrust amid follow-through buying momentum, sending the shares to a high of RM1.70, the best level since April 2000.
Harmandar Singh wonders if the advertising industry is worth RM15bil a year.
WALK into the office of Carat Malaysia’s newly-appointed chief executive officer Bala Pomaleh and you would be greeted by nearly 20 pots of plants.
THREE years after the spike in property prices, a roundtable discussion was finally held with the guest-of-honour being the Housing and Local Government Minister Datuk Seri Chor Chee Heung.
HOUSING Buyers Associations secretary-general Chang Kim Loong has heaped praises on Rehda president Datuk Seri Michael Yam for suggesting various action plans during the roundtable discussion Housing Affordability: Issues and Challenges.
REHDA president Datuk Seri Michael Yam says the challenges facing property developers are tremendous. Some of these challenges are unavoidable and had directly or indirectly contributed to the high cost of properties.
THERE are two simple certainties in life – ageing and death. Regardless of our efforts, we all will age, and along with aging comes physical and mental impairment and the potential need for long term care.
When economic conditions are less favourable and profit margins become strained, businesses are forced to find ways to cut costs in order to continue operating efficiently.
Zainal Amanshah answers your 10 questions.
Germany’s Hasso-Plattner Institute COO believes that being innovative means being trained to be innovative.
PETALING JAYA: Affin Holdings Bhd’s resolve to explore a possible acquisition of a stake in Bank Muamalat Malaysia Bhd seems to reflect an aspiration to become a bigger player, especially in the Islamic banking sector.
PETALING JAYA: Affin Holdings Bhd saw its net profit for the second quarter ended June 30, 2012, grow 4.9% to RM140.83mil from the previous corresponding period after reporting an increase in income.
PETALING JAYA: Malaysia’s economy is enjoying a gravity-defying boom that is confounding sceptics, said The Financial Times.
PETALING JAYA: Felda Global Ventures Holdings Bhd said is it currently not in discussion with any party on acquiring a stake in Sarawak Plantation Bhd.
PETALING JAYA: Bumi Armada Bhd’s executive director and chief executive officer Hassan Assad Basma has acquired 2.5 million of the company’s shares via a call option agreement.
PETALING JAYA: AirAsia Bhd’s long-haul affiliate, AirAsia X, has recorded a 28.9% passenger growth in the second quarter of 2012 from a year earlier for continuing routes.
PETALING JAYA: Main Board-listed Guan Chong Bhd will not proceed with its secondary initial public offering (IPO) on the Singapore Exchange (SGX-ST) “for the time being.”
PETALING JAYA: Analysts are disappointed with JCY International Bhd’s recent quarterly results, and expect further margin contraction in the near future.
PETALING JAYA: The ABN Media Group has bought the nation’s fifth largest Tamil daily, Nam Naadu, for an undisclosed amount with an aim to expand its reach into local Indian market.
PETALING JAYA: YTL Corp Bhd received an award honouring its achievements in sustainability in the regional category of the Singapore Environmental Achievement Awards (SEAA) 2012 yesterday.
PETALING JAYA: Having just announced its full-year financial results, YTL Corp Bhd is said to likely sustain its positive earnings entering its new financial year buoyed by stable non-power businesses and robust domestic economy.
PETALING JAYA: HwangDBS Vickers Research sees a bargain in MPHB Capital Bhd’s offer-for-sale exercise and recommends investors to subscribe for MPHB Capital, as its offer price is at a 54% discount to its fair value of RM2.16.
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) is in the midst of negotiations to sell out the Eastern Dispersal Link (EDL) highway in Johor Baru to the Government, according to Kenanga Research.
KUALA LUMPUR: Malaysia, Indonesia and Thailand have taken two measures that will withdraw a total of 450,000 tonnes of natural rubber (NR) from the market in order help the rubber price recover.
PETALING JAYA: Brahim’s Holdings Bhd recorded a lower net profit of RM1.4mil for its second quarter ended June 30, compared with RM2.6mil in the previous corresponding quarter. Revenue rose to RM47.7mil from RM45.9mil previously.
PETALING JAYA: Chemical Co of Malaysia Bhd (CCM) reported a net profit of RM3.06mil for its second quarter ended June 30, 53.6% lower than a net profit of RM6.6mil in the same quarter last year.
KUALA LUMPUR: Malaysia Debt Ventures Bhd (MDV), a wholly-owned unit of Minister of Finance Inc, plans to develop and launch three new innovative financing products for the technology small and medium enterprises (SMEs) by year-end.
PETALING JAYA: Despite an increase of 12.63% in revenue, Padiberas Nasional Bhd’s (Bernas) net profit fell 60.4% in the second quarter compared with the same quarter last year due to higher cost of imported rice and operating cost.
PETALING JAYA: Dialog Group Bhd announced its shareholders’ agreement with China Aviation Oil (S) Corp Ltd (CAO) has lapsed.
THE entry of 1Malaysia Development Bhd (1MDB) into the power sector will only intensify the already competitive bidding process for re-negotiations of power purchase agreements (PPA).
STRIVING to cross-sell and retain its customers in a highly competitive financing market, Alliance Financial Group is kicking up a gear to drive more growth in the consumer and SME sector.
RUBBER gloves, the darling of investors a couple of years ago, fell out of favour last year when a combination of high costs, oversupply and a weak US dollar left a damaging impact on the sector.
Compiled by THEAN LEE CHENG
BERLIN: The European Commission (EC) will propose next month giving the European Central Bank (ECB) supervision over all of the eurozone’s major banks, Handelsblatt daily reported, citing commission sources.
SINGAPORE: Heineken NV is negotiating with Fraser and Neave (F&N) about raising its US$6bil bid for full control of the maker of Tiger Beer and breweries in 14 countries as it fights against a Thai billionaire for its future in Asia.