The Star Business News April 27, 2015 09:32:00 am
UK government tells BP it would oppose takeover - reports
April 27, 2015 10:28:00 pm
LONDON: The British government has warned oil giant BP that it would oppose a foreign takeover of the company weakened in recent years by the Gulf of Mexico oil spill, media reports said Monday. - AFP...
Amanah Harta Tanah PNB to buy Mydin property for RM240mil
April 27, 2015 10:03:00 pm
KUALA LUMPUR: Amanah Harta Tanah PNB (AHP) is buying 5.35ha of commercial land including a three-storey mall cum hypermarket in Negri Sembilan from Mydin Mohamed Holdings Bhd for RM240mil. - Bernama ...
China Sinopec Group president under investigation - anti-graft watchdog
April 27, 2015 09:45:00 pm
BEIJING: Wang Tianpu, president of state energy firm China Sinopec Group, is under investigation for suspected “serious disciplinary violations”, the country’s anti-graft watchdog said on Monday. - Reuters...
PetroChina first-quarter profit dives 82%
April 27, 2015 09:42:00 pm
HONG KONG: PetroChina, China’s biggest oil and gas producer, reported a sharper-than-expected 82% fall in first-quarter profit, due to lower international crude prices and inventory writedowns at its refining division. - Reuters...
China plans mergers to cut number of big state firms to 40 - state media
April 27, 2015 09:37:00 pm
BEIJING: China will likely cut the number of its central government-owned conglomerates to 40 through a series of mergers, as Beijing pushes forward a plan to overhaul the country’s underperforming state sector, state media reported on Monday. - Reut...
Bursa Malaysia unveils e-services for the marketplace
April 27, 2015 09:24:00 pm
KUALA LUMPUR: Bursa Malaysia Bhd has launched a new listing information network system, Bursa Link, and an online listing enquiry service, AskListing@Bursa, for the marketplace. - Bernama...
Khairussaleh appointed RHB Banking Group MD
April 27, 2015 08:11:00 pm
KUALA LUMPUR: Datuk Khairussaleh Ramli has been appointed the RHB group managing director (MD) and RHB Capital Bhd (RHB Cap) chief executive officer (CEO) and MD....
Tenaga Nasional Q2 earnings up 24% to RM2.15b
April 27, 2015 08:10:00 pm
KUALA LUMPUR: Tenaga Nasional Bhd’s earnings rose 24.3% to RM2.156bil in the second quarter ended Deb 28, 2015 from RM1.734bil a year ago, mainly due to the reduction in the costs of gas as more coal plants were utilised during the period. ...
Redtone independent directors say No to Juara Sejati's takeover offer
April 27, 2015 07:44:00 pm
KUALA LUMPUR: Two of Redtone International Bhd independent directors have rejected the “fair and reasonable” evaluation given by independent adviser Mercury Securities Sdn Bhd regarding Juara Sejati Sdn Bhd's conditional takeover offer of the tel...
Deflation? Oil's 45% rebound could be markets' next headache
April 27, 2015 07:37:00 pm
LONDON: Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January. ...
Borneo Oil to raise RM223m from rights issue, warrants
April 27, 2015 07:14:00 pm
KUALA LUMPUR: Borneo Oil Bhd is undertaking a corporate exercise involving the issuance of rights shares and free warrants which it targets to raise at least RM223.39mil....
Maybank, DiGi, RHB Cap drag KLCI into the red
April 27, 2015 06:41:00 pm
KUALA LUMPUR: Profit taking picked up pace in late trade on Monday with some selling pressure seen in Maybank, DiGi and RHB Capital while the broader market weaken despite the stronger ringgit....
Telekom ties up with Cyberview to deliver smart services
April 27, 2015 05:32:00 pm
KUALA LUMPUR: Intelsec Sdn Bhd, a wholly owned subsidiary of Telekom Malaysia Bhd, ties up with Cyberview Sdn Bhd to strengthen telecommunication as well as information and communications technology (ICT) infrastructure in Cyberjaya....
Canon Q1 profit falls 29% as compact camera sales slump
April 27, 2015 04:35:00 pm
Canon Inc said net profit fell 28.7% in its first quarter, falling short of analyst estimates, as the Japanese company faced slumping sales of digital compact cameras....
MSC positive on FY15 financial results
April 27, 2015 04:15:00 pm
GEORGE TOWN: Malaysia Smelting Corp Bhd (MSC) is positive on its financial results ending December 2015 mostly driven by the smelting business....
MMHE net profit up 4%
April 27, 2015 03:57:00 pm
KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd’s (MMHE) net profit for the first quarter ended March 31, 2015 increased 4% to RM36.03mil, from RM34.63mil a year ago on the back of higher revenue from the group’s offshore and marine ...
IJM land to develop RM3b freehold waterfront site in Penang
April 27, 2015 03:12:00 pm
KUALA LUMPUR: IJM Land Bhd has teamed up with Singapore-based Perennial Real Estate Holdings Ltd (PREH) to acquire and develop RM3 billion freehold waterfront site in Penang....
Maxis Q1 earnings at RM410m, up 21% on-quarter
April 27, 2015 02:31:00 pm
KUALA LUMPUR: Maxis Bhd’s earning rose 21% to RM410mil in the first quarter ended March 31, 2015 from the preceding quarter’s RM339mil, riding on the positive momentum from its transformation initiatives ...
DiGi posts RM479.2mil in net profit for Q1
April 27, 2015 02:24:00 pm
KUALA LUMPUR: DiGi.com Bhd's net profit for its first quarter ended March 31, 2015 slipped 1.2% to RM479.21mil from RM485.15mil a year ago due to seasonally higher device sales and impact from lower margins....
Carimin partners with Middle East companies
April 27, 2015 02:03:00 pm
KUALA LUMPUR: Carimin Petroleum Bhd, oil and gas (O&G) services provider has inked collaboration agreements with Makamin Offshore Saudi Ltd (MOS) and Petrol Allied International DMCEST (PAI) to jointly tender for oil and gas business activities i...
KLCI ekes out slim gains in volatile trade
April 27, 2015 01:56:00 pm
KUALA LUMPUR: The FBM KLCI eked out slim gains at the midday break on Monday in volatile trade, which saw the 30-stock coming under pressure in late morning as plantation stocks fell. ...
Inclusiveness and sustainability core to 11MP, says Najib
April 27, 2015 01:52:00 pm
KUALA LUMPUR: Inclusiveness and sustainability will be the core values of the 11th Malaysia Plan (11MP) to be tabled in Parliament next month, Prime Minister Datuk Seri Najib Tun Razak said....
Kenanga maintains Underperform on Pantech
April 27, 2015 01:26:00 pm
KUALA LUMPUR: Kenanga Research is maintaining a ‘underperform’ call on Pantech Group Holdings Bhd (Pantech) with a target price of RM0.74, based on calendar year 2016 with a price to earnings ratio of nine times....
Prasarana to award winner of project delivery partner in July
April 27, 2015 01:02:00 pm
KUALA LUMPUR: Prasarana Negara Bhd will award the winner of project delivery partner of the RM9bil LRT 3 project in July. ...
Kenanga maintains Outperform on Press Metal, TP RM5.41
April 27, 2015 12:55:00 pm
KUALA LUMPUR: China’s government would remove export taxes on bars and rods of primary aluminium and aluminium-alloy from May 1, 2015, according to China daily. ...
BHP faces A$522 mln tax bill on Singapore marketing hub
April 27, 2015 10:54:00 am
MELBOURNE: BHP Billiton is contesting A$522 million ($409 million) in Australian tax bills on its Singapore marketing operations up to 2010, after having paid almost no tax in Singapore since 2006, the global miner told an Australian Senate panel....
Ringgit opens higher against dollar
April 27, 2015 10:53:00 am
KUALA LUMPUR: The ringgit opened higher against the US dollar on strong buying support for the local unit....
Firm start for Bursa Malaysia as Tenaga, TM advance
April 27, 2015 10:48:00 am
KUALA LUMPUR: Malaysia’s blue chips kicked off the new week on Monday on a strong note, sending the FBM KLCI up nearly five points, underpinned by gains in heavyweights Tenaga Nasional and Telekom Malaysia....
US crude oil above US$57 on rising Yemen tensions
April 27, 2015 10:30:00 am
SEOUL: US crude held above US$57.15 a barrel on Monday, close to a 2015 high as fights in Yemen intensified and U.S.-led air strikes targeted Islamic State militants in Syria, creating more tensions over the security of Middle East oil supplies....
Foreign buying on Bursa Malaysia falls to 6 week low
April 27, 2015 10:20:00 am
KUALA LUMPUR: Foreign investors purchase of Malaysian equities extended for the sixth week until April 24 but the buying seemed to have tapered off, according to MIDF Equities Research....
KLCI to consolidate above 1,860
April 27, 2015 09:51:00 am
KUALA LUMPUR: JF Apex Research expects the FBM KLCI to consolidate above 1,860 on Monday, riding on the positive momentum after the recent surge and strong close on Wall Street....
Top Glove on CIMB Research’s Add list
April 27, 2015 09:32:00 am
KUALA LUMPUR: CIMB Equities Research is maintaining its Add recommendation for Top Glove Corporation with strong demand and a stronger US dollar/ringgit as the potential re-rating catalysts....
CIMB retains Add for RHB Capital
April 27, 2015 09:21:00 am
KUALA LUMPUR: CIMB Equities Research is maintaining its Add recommendation for RHB Capital and its top pick for the sector due to its robust loan growth, market share gains in its investment banking business, and swift expansion in Singapore....
Singapore's DBS Q1 core net profit up 10%, beats forecast
April 27, 2015 09:04:00 am
SINGAPORE: DBS Group Holdings, Singapore's biggest bank, on Monday posted a 10 percent jump in core first-quarter net profit, above analysts' estimates, as double-digit loan growth boosted net interest income...
Bursa Securities freezes price of Tecnic
April 27, 2015 08:58:00 am
KUALA LUMPUR: Bursa Malaysia Securities has frozen the share price of Tecnic Group Bhd’s at the upper limit of 73.5 sen and lower limit of 43.5 sen with effect from Monday....
Tenby International to be built in Kota Kemuning
April 27, 2015 01:00:00 am
Tropicana Corporation Bhd has signed an agreement with Tenby Schools to develop a 4.1ha international school campus at its up-and-coming 349ha mixed township development of Tropicana Aman in Kota Kemuning, Selangor....
Dayang’s speculated takeover of Perdana to mark start of industry consolidation
April 27, 2015 01:00:00 am
PETALING JAYA: The much speculated takeover of Perdana Petroleum Bhd by Dayang Enterprise Holdings Bhd will mark the beginning of consolidation in the oil and gas space, which has been shaken by the oil price crash since last June....
Sarawak’s Baleh dam will have 1,285-MW capacity
April 27, 2015 01:00:00 am
KUCHING: The proposed Baleh hydroelectric dam, which Sarawak Energy Bhd (SEB) plans to build to boost its power generation capacity, will have an installed capacity of 1,285 MW....
EU-ABC sends proposal to Asean Economic Ministers
April 27, 2015 01:00:00 am
KUALA LUMPUR: The EU-Asean Business Council (EU-ABC) has put forward its recommendations to Asean Economic Ministers, saying more can be done to improve the commercial, trade and investment environment between the two regions....
QL to take up stake in Sunsuria
April 27, 2015 01:00:00 am
PETALING JAYA: Agri-food and poultry giant QL Resources Bhd is poised to emerge as a substiantial shareholder in property developer Sunsuria Bhd, which is embarking on the Xiamen University Malaysia Campus property development project in Sepang, said...
ASE to invest RM300mil in new plant
April 27, 2015 01:00:00 am
GEORGE TOWN: ASE Group, one of the world’s largest integrated circuit (IC) test and packaging house, is investing over RM300mil for its new RM50mil plant in Bayan Lepas over the next three to five years....
April 27, 2015 10:28:00 pm
LONDON: The British government has warned oil giant BP that it would oppose a foreign takeover of the company weakened in recent years by the Gulf of Mexico oil spill, media reports said Monday. - AFP...
April 27, 2015 10:03:00 pm
KUALA LUMPUR: Amanah Harta Tanah PNB (AHP) is buying 5.35ha of commercial land including a three-storey mall cum hypermarket in Negri Sembilan from Mydin Mohamed Holdings Bhd for RM240mil. - Bernama ...
April 27, 2015 09:45:00 pm
BEIJING: Wang Tianpu, president of state energy firm China Sinopec Group, is under investigation for suspected “serious disciplinary violations”, the country’s anti-graft watchdog said on Monday. - Reuters...
April 27, 2015 09:42:00 pm
HONG KONG: PetroChina, China’s biggest oil and gas producer, reported a sharper-than-expected 82% fall in first-quarter profit, due to lower international crude prices and inventory writedowns at its refining division. - Reuters...
April 27, 2015 09:37:00 pm
BEIJING: China will likely cut the number of its central government-owned conglomerates to 40 through a series of mergers, as Beijing pushes forward a plan to overhaul the country’s underperforming state sector, state media reported on Monday. - Reut...
April 27, 2015 09:24:00 pm
KUALA LUMPUR: Bursa Malaysia Bhd has launched a new listing information network system, Bursa Link, and an online listing enquiry service, AskListing@Bursa, for the marketplace. - Bernama...
April 27, 2015 08:11:00 pm
KUALA LUMPUR: Datuk Khairussaleh Ramli has been appointed the RHB group managing director (MD) and RHB Capital Bhd (RHB Cap) chief executive officer (CEO) and MD....
April 27, 2015 08:10:00 pm
KUALA LUMPUR: Tenaga Nasional Bhd’s earnings rose 24.3% to RM2.156bil in the second quarter ended Deb 28, 2015 from RM1.734bil a year ago, mainly due to the reduction in the costs of gas as more coal plants were utilised during the period. ...
April 27, 2015 07:44:00 pm
KUALA LUMPUR: Two of Redtone International Bhd independent directors have rejected the “fair and reasonable” evaluation given by independent adviser Mercury Securities Sdn Bhd regarding Juara Sejati Sdn Bhd's conditional takeover offer of the tel...
April 27, 2015 07:37:00 pm
LONDON: Whisper it, but the next challenge for financial markets and policymakers may not be deflation, but the remarkable surge in oil prices from the six-year low touched in January. ...
April 27, 2015 07:14:00 pm
KUALA LUMPUR: Borneo Oil Bhd is undertaking a corporate exercise involving the issuance of rights shares and free warrants which it targets to raise at least RM223.39mil....
April 27, 2015 06:41:00 pm
KUALA LUMPUR: Profit taking picked up pace in late trade on Monday with some selling pressure seen in Maybank, DiGi and RHB Capital while the broader market weaken despite the stronger ringgit....
April 27, 2015 05:32:00 pm
KUALA LUMPUR: Intelsec Sdn Bhd, a wholly owned subsidiary of Telekom Malaysia Bhd, ties up with Cyberview Sdn Bhd to strengthen telecommunication as well as information and communications technology (ICT) infrastructure in Cyberjaya....
April 27, 2015 04:35:00 pm
Canon Inc said net profit fell 28.7% in its first quarter, falling short of analyst estimates, as the Japanese company faced slumping sales of digital compact cameras....
April 27, 2015 04:15:00 pm
GEORGE TOWN: Malaysia Smelting Corp Bhd (MSC) is positive on its financial results ending December 2015 mostly driven by the smelting business....
April 27, 2015 03:57:00 pm
KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd’s (MMHE) net profit for the first quarter ended March 31, 2015 increased 4% to RM36.03mil, from RM34.63mil a year ago on the back of higher revenue from the group’s offshore and marine ...
April 27, 2015 03:12:00 pm
KUALA LUMPUR: IJM Land Bhd has teamed up with Singapore-based Perennial Real Estate Holdings Ltd (PREH) to acquire and develop RM3 billion freehold waterfront site in Penang....
April 27, 2015 02:31:00 pm
KUALA LUMPUR: Maxis Bhd’s earning rose 21% to RM410mil in the first quarter ended March 31, 2015 from the preceding quarter’s RM339mil, riding on the positive momentum from its transformation initiatives ...
April 27, 2015 02:24:00 pm
KUALA LUMPUR: DiGi.com Bhd's net profit for its first quarter ended March 31, 2015 slipped 1.2% to RM479.21mil from RM485.15mil a year ago due to seasonally higher device sales and impact from lower margins....
April 27, 2015 02:03:00 pm
KUALA LUMPUR: Carimin Petroleum Bhd, oil and gas (O&G) services provider has inked collaboration agreements with Makamin Offshore Saudi Ltd (MOS) and Petrol Allied International DMCEST (PAI) to jointly tender for oil and gas business activities i...
April 27, 2015 01:56:00 pm
KUALA LUMPUR: The FBM KLCI eked out slim gains at the midday break on Monday in volatile trade, which saw the 30-stock coming under pressure in late morning as plantation stocks fell. ...
April 27, 2015 01:52:00 pm
KUALA LUMPUR: Inclusiveness and sustainability will be the core values of the 11th Malaysia Plan (11MP) to be tabled in Parliament next month, Prime Minister Datuk Seri Najib Tun Razak said....
April 27, 2015 01:26:00 pm
KUALA LUMPUR: Kenanga Research is maintaining a ‘underperform’ call on Pantech Group Holdings Bhd (Pantech) with a target price of RM0.74, based on calendar year 2016 with a price to earnings ratio of nine times....
April 27, 2015 01:02:00 pm
KUALA LUMPUR: Prasarana Negara Bhd will award the winner of project delivery partner of the RM9bil LRT 3 project in July. ...
April 27, 2015 12:55:00 pm
KUALA LUMPUR: China’s government would remove export taxes on bars and rods of primary aluminium and aluminium-alloy from May 1, 2015, according to China daily. ...
April 27, 2015 10:54:00 am
MELBOURNE: BHP Billiton is contesting A$522 million ($409 million) in Australian tax bills on its Singapore marketing operations up to 2010, after having paid almost no tax in Singapore since 2006, the global miner told an Australian Senate panel....
April 27, 2015 10:53:00 am
KUALA LUMPUR: The ringgit opened higher against the US dollar on strong buying support for the local unit....
April 27, 2015 10:48:00 am
KUALA LUMPUR: Malaysia’s blue chips kicked off the new week on Monday on a strong note, sending the FBM KLCI up nearly five points, underpinned by gains in heavyweights Tenaga Nasional and Telekom Malaysia....
April 27, 2015 10:30:00 am
SEOUL: US crude held above US$57.15 a barrel on Monday, close to a 2015 high as fights in Yemen intensified and U.S.-led air strikes targeted Islamic State militants in Syria, creating more tensions over the security of Middle East oil supplies....
April 27, 2015 10:20:00 am
KUALA LUMPUR: Foreign investors purchase of Malaysian equities extended for the sixth week until April 24 but the buying seemed to have tapered off, according to MIDF Equities Research....
April 27, 2015 09:51:00 am
KUALA LUMPUR: JF Apex Research expects the FBM KLCI to consolidate above 1,860 on Monday, riding on the positive momentum after the recent surge and strong close on Wall Street....
April 27, 2015 09:32:00 am
KUALA LUMPUR: CIMB Equities Research is maintaining its Add recommendation for Top Glove Corporation with strong demand and a stronger US dollar/ringgit as the potential re-rating catalysts....
April 27, 2015 09:21:00 am
KUALA LUMPUR: CIMB Equities Research is maintaining its Add recommendation for RHB Capital and its top pick for the sector due to its robust loan growth, market share gains in its investment banking business, and swift expansion in Singapore....
April 27, 2015 09:04:00 am
SINGAPORE: DBS Group Holdings, Singapore's biggest bank, on Monday posted a 10 percent jump in core first-quarter net profit, above analysts' estimates, as double-digit loan growth boosted net interest income...
April 27, 2015 08:58:00 am
KUALA LUMPUR: Bursa Malaysia Securities has frozen the share price of Tecnic Group Bhd’s at the upper limit of 73.5 sen and lower limit of 43.5 sen with effect from Monday....
April 27, 2015 01:00:00 am
Tropicana Corporation Bhd has signed an agreement with Tenby Schools to develop a 4.1ha international school campus at its up-and-coming 349ha mixed township development of Tropicana Aman in Kota Kemuning, Selangor....
April 27, 2015 01:00:00 am
PETALING JAYA: The much speculated takeover of Perdana Petroleum Bhd by Dayang Enterprise Holdings Bhd will mark the beginning of consolidation in the oil and gas space, which has been shaken by the oil price crash since last June....
April 27, 2015 01:00:00 am
KUCHING: The proposed Baleh hydroelectric dam, which Sarawak Energy Bhd (SEB) plans to build to boost its power generation capacity, will have an installed capacity of 1,285 MW....
April 27, 2015 01:00:00 am
KUALA LUMPUR: The EU-Asean Business Council (EU-ABC) has put forward its recommendations to Asean Economic Ministers, saying more can be done to improve the commercial, trade and investment environment between the two regions....
April 27, 2015 01:00:00 am
PETALING JAYA: Agri-food and poultry giant QL Resources Bhd is poised to emerge as a substiantial shareholder in property developer Sunsuria Bhd, which is embarking on the Xiamen University Malaysia Campus property development project in Sepang, said...
April 27, 2015 01:00:00 am
GEORGE TOWN: ASE Group, one of the world’s largest integrated circuit (IC) test and packaging house, is investing over RM300mil for its new RM50mil plant in Bayan Lepas over the next three to five years....
