The Malaysian Insider : Business 2015-04-23
Google shares rise after online ad sales drive revenue higherGoogle-logo-300x200.jpg
2015-04-23 23:45:08
Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company...
7 billionaires in Britain’s top-25 richest hedge fund managers’ listbritish_pounds_reuters.jpg
2015-04-23 23:17:46
Britain's top-25 richest hedge fund managers' wealth rose by £1.8 billion (RM9.73 billion) to £14.8 billion over the past year, the Sunday T...
Oil prices rise on Middle East tensioncrude_oil_reuters.jpeg
2015-04-23 13:44:10
Brent crude oil rose above US$63 (RM228) a barrel on Thursday on heightened concerns over the security of Middle East supplies as a civil war escala...
Palm edges lower on prospect of higher outputPALMOIL_210414_TMINAZIRSUFARI_02.jpg
2015-04-23 10:41:30
Malaysian palm oil futures ended lower on Thursday on the prospect of another month of strong crude palm production in the world's second-larges...
Ringgit closes lower again US dollarRINGGIT_RATE_050115_TMISETH_02.JPG
2015-04-23 10:31:53
The ringgit ended lower against the US dollar today, in line with most regional Asian currencies on positive US housing data, a dealer said. At 5p...
KL index extends loss amid weaker China, Japan databursa-malaysia-360x270.jpg
2015-04-23 10:22:07
The FBM KLCI extended losses as profit taking continued amid less optimistic economic data from China, Japan and Europe. The KLCI closed 8.69 poin...
Malakoff to close institutional tranche of IPO on Fridaymalakoff-logo.jpg
2015-04-23 09:36:29
Malaysia's largest independent power producer Malakoff Corporation Bhd plans to close the institutional tranche of its RM2.74 billion ringgit in...
Look beyond immediate term in managing Malaysian economy, says Bank NegaraZETI_AKHTAR_AZIZ_200115_TMINAZIRSUFARI_07.jpg
2015-04-23 09:23:09
Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz told politicians to "look beyond the immediate term" in managing the country's economy...
Malaysia committed to cut oil revenue dependence, says ministerWAHID_OMAR_160415_TMIAFIF_001.JPG
2015-04-23 09:13:15
Minister in the Prime Minister's Department Datuk Seri Abdul Wahid Omar said Malaysia had continued its effort to reduce national dependence on ...
Malaysia demonstrates ability to emerge from external shocks, challengesZeti.jpg
2015-04-23 07:34:50
Malaysia has successfully demonstrated its ability to emerge from external shocks and challenges more than once, said Bank Negara Malaysia Governor ...
KLCI remains in negative zone as bears stay in chargebursa-malaysia-360x270.jpg
2015-04-23 06:36:16
The FBM KLCI remained in negative territory at the midday break today as decliners led gainers at the local bourse, indicating that bears were still...
Hyundai Motor actively considering new US factoryhyundai_logo.jpeg
2015-04-23 06:33:43
South Korean automaker Hyundai Motor said today it is "actively" considering building a new US factory, citing its limited production capacity and t...
Oil prices hold steady as Yemen bombing continuespetrol-pump-oil-price-1-020913-TMI.jpg
2015-04-23 05:11:59
Oil prices held steady today as renewed fighting in Yemen countered worries over rising US crude inventories due to still-robust shale production. ...
EcoWorld to list Malaysia’s first property SPAC in second halfEcoWorld-Logo.jpg
2015-04-23 05:08:47
Malaysian property developer EcoWorld Development Group Bhd said today the planned listing of RM1.5 billion special purpose acquisition company (SPA...
KLCI pares loss as regional markets trend higherbursa-malaysia-360x270.jpg
2015-04-23 03:07:43
The FBM KLCI pared some of its losses at mid-morning today in line with the positive uptrend at most regional markets. At 10am, the FBM KLCI was d...
Brazil’s Petrobras reveals graft cost RM7.6 billionPetrobrasLogo_webhome.jpg
2015-04-23 01:42:40
Petrobras lost $2.1 billion (RM7.6 billion) to the largest corruption scheme in Brazilian history, the state oil giant said yesterday, releasing its...
As Amazon parties on, large fund managers take their leaveAmazon-logo.jpg
2015-04-23 01:09:44
For many years, investors have been very tolerant as Amazon.com has sacrificed profits for rapid growth in sales and as it built new businesses. Tha...
eBay revenue surges from PayPal businessebay-logo.jpg
2015-04-22 23:43:02
e-commerce company eBay Inc reported a higher-than-expected quarterly profit as revenue surged from its payments business that includes PayPal, whic...
Samsung to channel another RM33 billion into chip plantsamsung-logo-280813-AFPRelaxnews.jpg
2015-04-22 23:33:38
Samsung Electronics Co Ltd plans to invest at least another 10 trillion won (RM33 billion) to boost capacity at a new South Korean chip plant, news ...
Sinking US sales hit McDonald’s earnings in Q1mcdonalds-reuters-310315.JPG
2015-04-22 15:51:45
Fast-food giant McDonald's said Wednesday it would announce a turnaround plan in two weeks as sinking US sales dragged down profits again in the...
Boeing profit soars, confirms 2015 forecastsboeing_headquarters_chicago_reuters_301014.jpg
2015-04-22 15:46:16
US aerospace giant Boeing reported Wednesday first-quarter net profit soared 38% from a year ago and reaffirmed its 2015 forecasts for financial res...
MACC remands Icon Offshore heads to assist in investigationsicon-offshore-061014.jpg.jpg
2015-04-22 15:42:53
The Malaysian Anti-Corruption Commission has remanded Icon Offshore Bhd’s chief executive officer (CEO) Dr Jamal Yusof and chief operating officer (...
Coastal Contracts sells drilling rig for RM807 millioncoastal-contracts-bhd-logo.jpg
2015-04-22 12:23:15
Malaysian firm Coastal Contracts Bhd is selling a Jack-up drilling rig (JUDR) for RM807 million (US$223.6 million), the company said in its filing t...
Volvo cheers quadrupled profits, new chairmanvolvo_logo.jpg
2015-04-22 12:06:10
Sweden's Volvo said Wednesday it had lured Martin Lundstedt from rival truck maker Scania as it revealed first quarter profits had quadrupled to...
Japan’s ANA to buy stake in bankrupt Skymark Airlinesall-nippon-airlines-logo.jpg
2015-04-22 12:00:04
The parent company of Japan's All Nippon Airways (ANA) said Wednesday it was throwing a lifeline to domestic rival Skymark Airlines by taking a ...
Mercedes-Benz first quarter vehicle sales in Malaysia up 13%Roland_Folger_Mercedes_Malaysia_140115.jpg
2015-04-22 11:33:29
Premium German automaker Mercedes-Benz Malaysia Sdn Bhd announced that it has sold 1,886 vehicles in the first quarter of this year (1Q15), up 13% f...
MRCB exits from management-company of Nu Sentral for RM120 millionmrcb.gif
2015-04-22 11:31:03
Malaysian Resources Corp Bhd (MRCB) is disposing its entire 51% stake in Nu Sentral Sdn Bhd (NSSB) to its joint-venture (JV) partner Pelaburan Harta...
Top rubber producers join forces, plan to boost pricesrubber-KL-reuters-090514.JPG
2015-04-22 10:31:34
Big Asian rubber producers, including world No. 1 Sri Trang Agro-Industry Plc, plan to hike prices sharply, ditching a system of pegging them near t...
Econpile bags RM29.4 million piling contractEconpile.jpg
2015-04-22 10:20:55
Econpile Holdings Bhd has bagged a piling and related works contract from TWY Development Sdn Bhd for the latter’s TWY @ Mont Kiara duplex condomini...
KLCI falls on profit taking, ringgit strengthensbursa-malaysia-360x270.jpg
2015-04-22 10:17:44
The FBM KLCI fell on profit taking following substantial gains yesterday as China's move to cut its bank reserve requirement supported market se...
Heineken profits quadruple to 579 million eurosheineken_logo.jpg
2015-04-22 08:56:33
Dutch brewing giant Heineken said Wednesday its first quarter profits had quadrupled, boosted by the sale of its Mexican packaging arm. Net profit...
Tesco reports £5.74 billion annual net losstesco-sign-reuters-011014.JPG
2015-04-22 08:51:32
Britain's biggest retailer, supermarket group Tesco, announced Wednesday that it had plunged massively into the red last year as it took a hit o...
Sony raises profit view as higher sensors, videogame sales herald turnaroundsony-logo-reuters-251114.JPG
2015-04-22 08:45:59
Japanese consumer electronics firm Sony Corp on Wednesday raised its earnings estimates for the second time in three months, citing higher-than-expe...
FBM KLCI lower mid-afternoonbursa-malaysia-360x270.jpg
2015-04-22 08:14:29
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) on Bursa Malaysia remained lower at mid-afternoon on profit taking activities. At 3.11pm, the ke...
Oil prices drop as Middle East tension easescrude_oil_reuters.jpeg
2015-04-22 08:06:14
Oil prices extended declines from the previous session on Wednesday as tensions in the Middle East eased after Saudi Arabia ended an air strike camp...
Gold back above US$1,200 as dollar slipsgold-bar-reuters-201114.JPG
2015-04-22 07:59:33
Gold reversed earlier losses to trade above US$1,200 (RM4,337) on Wednesday as the US dollar weakened, with investors also keeping an eye on the Gre...
CIMB’s Indonesian unit suffers sharp net profit fallcimb_group_logo_14165.jpg
2015-04-22 06:57:44
CIMB Group Holdings Bhd's 97.94%-owned Indonesian unit PT Bank CIMB Niaga Tbk saw its net profit fall to Rp82.72 billion (RM23 million) in the f...
Bursa down more than four points at middaybursa-malaysia-360x270.jpg
2015-04-22 06:18:28
Shares on Bursa Malaysia ended the morning session lower today, dampened by selling activity spotted in blue chips and small-capitalisation stocks d...
Ringgit continues its strong recent formMALAYSIANRINGGIT002.jpg
2015-04-22 06:12:16
Emerging Asian currencies rose on Wednesday as the dollar retreated slightly, while Malaysia's ringgit extended gains after March inflation data...
Bursa share prices down slightly at mid-morningbursa-malaysia-360x270.jpg
2015-04-22 03:29:35
Share prices on Bursa Malaysia remained marginally lower at mid-morning today with trading skewed more towards small capitalised counters. At ...
Moody’s assign definitive A3 rating to Malaysia’s international sukukmalaysia_sovereign_sukuk_logo.jpg
2015-04-22 02:16:51
Moody's Investors Service today assigned a definitive A3 senior unsecured rating to the US dollar trust certificates (sukuk) issued by Malaysia ...
Ringgit opens higher against the dollarRINGGIT_RATE_050115_TMISETH_02.JPG
2015-04-22 02:10:31
The ringgit strengthened against the US dollar today on renewed buying interest for the local unit. At 9am, the local unit was quoted at 3.6345/63...
Bursa follows lacklustre Wall Street’s lead in early tradingbursa-malaysia-360x270.jpg
2015-04-22 01:35:59
The FBM KLCI retreated in early trade on some mild profit taking after it had rallied on Tuesday, and in line with the lacklustre overnight close at...
Yahoo optimistic despite dramatic profit slideyahoo-original.jpg
2015-04-22 00:28:03
Yahoo reported on Tuesday an alarming 93% slide in quarterly profit from a year ago, while revenues rose modestly in disappointing quarterly results...
IJM Corp to buy Penang land for RM402.8 millionIJM_Corporation.png
2015-04-21 12:27:18
IJM Corp Bhd has bought the remaining shares in its joint venture (JV), Aura Hebat Sdn Bhd (AHSB), from partner Perennial Penang Pte Ltd, for an und...
Yemen conflict keeps Brent crude oil around US$63oil-rig-denver-reuters-040215.JPG
2015-04-21 12:21:31
Brent crude oil steadied around US$63 a barrel today, not far below the 2015 high, supported by worries that a civil war in Yemen could destabilise ...
CIMB Thai 1Q net profit drops 70.4% to 130.6 million bahtcimb_thai_logo.jpg
2015-04-21 11:20:05
CIMB Thai Bank PCL posted a 70.4% drop in net profit to 130.6 million baht, for its first quarter ended March 31, 2015 (1QFY15), mainly due to a 117...
Trans-Pacific deal still far away, despite US, Japanese urgency, say analystsTPP-group-pic-reuters-260214.jpg
2015-04-21 11:05:47
Japan and the US emerged from marathon talks on a Pacific-wide free trade area claiming to be within reach of a deal Tuesday, but analysts say they ...
Palm up for third day, hits near 2-week high as ringgit retreatsPALMOIL_210514_TMIAFIF_001.jpg
2015-04-21 10:50:30
Malaysian palm oil futures extended their gains into a third session and rose to the highest in nearly two weeks on Tuesday as the ringgit retreated...
Petronas
to deliver LNG cargo from world’s first floating facility in early
2016Petronas-FLNG-hull-launched-in-South-Korea_offshoreenergytodaydotcom.png
2015-04-21 10:37:06
The world's first floating liquefied natural gas (LNG) project, built by Petronas, is expected to supply its first cargoes in the first quarter ...
Genting Singapore defends prudent approach in bad debt provisionsgenting-singapore-tourists-reuters-101114.JPG
2015-04-21 10:07:42
Genting Singapore's bottom line has been hit by a spike in bad debt provisions, as more customers who lost the bet refuse to pay up. From the ...
Petronas Carigali strives to improve efficiency to mitigate oil plunge impactPETRONAS_FUEL_PETROLEUM_200415_TMINAJJUA_01.JPG
2015-04-21 09:58:23
Petroliam Nasional Berhad (Petronas)'s upstream arm Petronas Carigali Sdn Bhd has implemented strategic approaches to improve its cost efficienc...
2015-04-23 23:45:08
Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company...
2015-04-23 23:17:46
Britain's top-25 richest hedge fund managers' wealth rose by £1.8 billion (RM9.73 billion) to £14.8 billion over the past year, the Sunday T...
2015-04-23 13:44:10
Brent crude oil rose above US$63 (RM228) a barrel on Thursday on heightened concerns over the security of Middle East supplies as a civil war escala...
2015-04-23 10:41:30
Malaysian palm oil futures ended lower on Thursday on the prospect of another month of strong crude palm production in the world's second-larges...
2015-04-23 10:31:53
The ringgit ended lower against the US dollar today, in line with most regional Asian currencies on positive US housing data, a dealer said. At 5p...
2015-04-23 10:22:07
The FBM KLCI extended losses as profit taking continued amid less optimistic economic data from China, Japan and Europe. The KLCI closed 8.69 poin...
2015-04-23 09:36:29
Malaysia's largest independent power producer Malakoff Corporation Bhd plans to close the institutional tranche of its RM2.74 billion ringgit in...
2015-04-23 09:23:09
Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz told politicians to "look beyond the immediate term" in managing the country's economy...
2015-04-23 09:13:15
Minister in the Prime Minister's Department Datuk Seri Abdul Wahid Omar said Malaysia had continued its effort to reduce national dependence on ...
2015-04-23 07:34:50
Malaysia has successfully demonstrated its ability to emerge from external shocks and challenges more than once, said Bank Negara Malaysia Governor ...
2015-04-23 06:36:16
The FBM KLCI remained in negative territory at the midday break today as decliners led gainers at the local bourse, indicating that bears were still...
2015-04-23 06:33:43
South Korean automaker Hyundai Motor said today it is "actively" considering building a new US factory, citing its limited production capacity and t...
2015-04-23 05:11:59
Oil prices held steady today as renewed fighting in Yemen countered worries over rising US crude inventories due to still-robust shale production. ...
2015-04-23 05:08:47
Malaysian property developer EcoWorld Development Group Bhd said today the planned listing of RM1.5 billion special purpose acquisition company (SPA...
2015-04-23 03:07:43
The FBM KLCI pared some of its losses at mid-morning today in line with the positive uptrend at most regional markets. At 10am, the FBM KLCI was d...
2015-04-23 01:42:40
Petrobras lost $2.1 billion (RM7.6 billion) to the largest corruption scheme in Brazilian history, the state oil giant said yesterday, releasing its...
2015-04-23 01:09:44
For many years, investors have been very tolerant as Amazon.com has sacrificed profits for rapid growth in sales and as it built new businesses. Tha...
2015-04-22 23:43:02
e-commerce company eBay Inc reported a higher-than-expected quarterly profit as revenue surged from its payments business that includes PayPal, whic...
2015-04-22 23:33:38
Samsung Electronics Co Ltd plans to invest at least another 10 trillion won (RM33 billion) to boost capacity at a new South Korean chip plant, news ...
2015-04-22 15:51:45
Fast-food giant McDonald's said Wednesday it would announce a turnaround plan in two weeks as sinking US sales dragged down profits again in the...
2015-04-22 15:46:16
US aerospace giant Boeing reported Wednesday first-quarter net profit soared 38% from a year ago and reaffirmed its 2015 forecasts for financial res...
2015-04-22 15:42:53
The Malaysian Anti-Corruption Commission has remanded Icon Offshore Bhd’s chief executive officer (CEO) Dr Jamal Yusof and chief operating officer (...
2015-04-22 12:23:15
Malaysian firm Coastal Contracts Bhd is selling a Jack-up drilling rig (JUDR) for RM807 million (US$223.6 million), the company said in its filing t...
2015-04-22 12:06:10
Sweden's Volvo said Wednesday it had lured Martin Lundstedt from rival truck maker Scania as it revealed first quarter profits had quadrupled to...
2015-04-22 12:00:04
The parent company of Japan's All Nippon Airways (ANA) said Wednesday it was throwing a lifeline to domestic rival Skymark Airlines by taking a ...
2015-04-22 11:33:29
Premium German automaker Mercedes-Benz Malaysia Sdn Bhd announced that it has sold 1,886 vehicles in the first quarter of this year (1Q15), up 13% f...
2015-04-22 11:31:03
Malaysian Resources Corp Bhd (MRCB) is disposing its entire 51% stake in Nu Sentral Sdn Bhd (NSSB) to its joint-venture (JV) partner Pelaburan Harta...
2015-04-22 10:31:34
Big Asian rubber producers, including world No. 1 Sri Trang Agro-Industry Plc, plan to hike prices sharply, ditching a system of pegging them near t...
2015-04-22 10:20:55
Econpile Holdings Bhd has bagged a piling and related works contract from TWY Development Sdn Bhd for the latter’s TWY @ Mont Kiara duplex condomini...
2015-04-22 10:17:44
The FBM KLCI fell on profit taking following substantial gains yesterday as China's move to cut its bank reserve requirement supported market se...
2015-04-22 08:56:33
Dutch brewing giant Heineken said Wednesday its first quarter profits had quadrupled, boosted by the sale of its Mexican packaging arm. Net profit...
2015-04-22 08:51:32
Britain's biggest retailer, supermarket group Tesco, announced Wednesday that it had plunged massively into the red last year as it took a hit o...
2015-04-22 08:45:59
Japanese consumer electronics firm Sony Corp on Wednesday raised its earnings estimates for the second time in three months, citing higher-than-expe...
2015-04-22 08:14:29
The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) on Bursa Malaysia remained lower at mid-afternoon on profit taking activities. At 3.11pm, the ke...
2015-04-22 08:06:14
Oil prices extended declines from the previous session on Wednesday as tensions in the Middle East eased after Saudi Arabia ended an air strike camp...
2015-04-22 07:59:33
Gold reversed earlier losses to trade above US$1,200 (RM4,337) on Wednesday as the US dollar weakened, with investors also keeping an eye on the Gre...
2015-04-22 06:57:44
CIMB Group Holdings Bhd's 97.94%-owned Indonesian unit PT Bank CIMB Niaga Tbk saw its net profit fall to Rp82.72 billion (RM23 million) in the f...
2015-04-22 06:18:28
Shares on Bursa Malaysia ended the morning session lower today, dampened by selling activity spotted in blue chips and small-capitalisation stocks d...
2015-04-22 06:12:16
Emerging Asian currencies rose on Wednesday as the dollar retreated slightly, while Malaysia's ringgit extended gains after March inflation data...
2015-04-22 03:29:35
Share prices on Bursa Malaysia remained marginally lower at mid-morning today with trading skewed more towards small capitalised counters. At ...
2015-04-22 02:16:51
Moody's Investors Service today assigned a definitive A3 senior unsecured rating to the US dollar trust certificates (sukuk) issued by Malaysia ...
2015-04-22 02:10:31
The ringgit strengthened against the US dollar today on renewed buying interest for the local unit. At 9am, the local unit was quoted at 3.6345/63...
2015-04-22 01:35:59
The FBM KLCI retreated in early trade on some mild profit taking after it had rallied on Tuesday, and in line with the lacklustre overnight close at...
2015-04-22 00:28:03
Yahoo reported on Tuesday an alarming 93% slide in quarterly profit from a year ago, while revenues rose modestly in disappointing quarterly results...
2015-04-21 12:27:18
IJM Corp Bhd has bought the remaining shares in its joint venture (JV), Aura Hebat Sdn Bhd (AHSB), from partner Perennial Penang Pte Ltd, for an und...
2015-04-21 12:21:31
Brent crude oil steadied around US$63 a barrel today, not far below the 2015 high, supported by worries that a civil war in Yemen could destabilise ...
2015-04-21 11:20:05
CIMB Thai Bank PCL posted a 70.4% drop in net profit to 130.6 million baht, for its first quarter ended March 31, 2015 (1QFY15), mainly due to a 117...
2015-04-21 11:05:47
Japan and the US emerged from marathon talks on a Pacific-wide free trade area claiming to be within reach of a deal Tuesday, but analysts say they ...
2015-04-21 10:50:30
Malaysian palm oil futures extended their gains into a third session and rose to the highest in nearly two weeks on Tuesday as the ringgit retreated...
2015-04-21 10:37:06
The world's first floating liquefied natural gas (LNG) project, built by Petronas, is expected to supply its first cargoes in the first quarter ...
2015-04-21 10:07:42
Genting Singapore's bottom line has been hit by a spike in bad debt provisions, as more customers who lost the bet refuse to pay up. From the ...
2015-04-21 09:58:23
Petroliam Nasional Berhad (Petronas)'s upstream arm Petronas Carigali Sdn Bhd has implemented strategic approaches to improve its cost efficienc...
