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Business News

Business News


Gas Malaysia proposes debt programmes to raise up to RM1.4bil

Fri, 30 Sep 2016 21:17:38 +08:00

KUALA LUMPUR: Gas Malaysia Bhd has proposed an Islamic commercial papers (ICPs) programme of up to RM700mil and an Islamic medium term notes (IMTNs) programme of up to RM700mil.

Petronas weighs sale to exit RM113bil Canada LNG project - sources

Fri, 30 Sep 2016 20:51:26 +08:00

KUALA LUMPUR/MILAN: Petroliam Nasional Bhd (Petronas) is considering selling its majority stake in a C$36bil (RM113.4bil) Canadian liquefied natural gas (LNG) plant, three people familiar with the matter said this week.Sources say Petronas has been considering a sale for months. - Reuters pic

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EPF to raise minimum target savings at age 55 to RM228,000

Fri, 30 Sep 2016 20:25:48 +08:00

KUALA LUMPUR: The Employees Provident Fund (EPF) will revise upwards the Basic Savings quantum -- the minimum target savings that its members should have when they reach 55 -- from RM196,800 to RM228,000 effective Jan 1, 2017.EPF has decided to make the revision in view of the escalating cost of living, longer life expectancy and higher inflation rate.

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MISC unit files for arbitration seeking RM1bil from Sabah Shell

Fri, 30 Sep 2016 19:33:55 +08:00

KUALA LUMPUR: MISC Bhd’s unit Gumusut-Kakap Semi-Floating Production System (L) Ltd (GKL) has begun arbitration proceedings against Sabah Shell Petroleum Co Ltd (SSPC) to seek, among others, US$245mil (RM1.01bil) and applicable interest. MISC Bhd’s Gumusut Kakap Semi-Submersible Floating Production System is currently in a 25-year lease to Sabah Shell Petroleum Co starting 2014.

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KLCI ends Q3 on downbeat note, bomb hoax

Fri, 30 Sep 2016 18:12:34 +08:00

KUALA LUMPUR: Blue chips ended the third quarter on a downbeat note on Friday as the FBM KLCI fell more than 17 points as market sentiment in Europe and Asia was buffetted by worries about Germany's Deutsche Bank and a confluence of negative news.

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MARC named the Best Islamic Rating Agency for 2016 by Global Islamic Finance Awards

Fri, 30 Sep 2016 17:56:23 +08:00

PETALING JAYA: Malaysian Rating Corporation Bhd (MARC) was named the Best Islamic Rating Agency 2016 in the Global Islamic Finance Awards (GIFA) held in Jakarta recently. The prestigious GIFA Awards, now in their sixth year, celebrate the contributions of institutions and individuals towards the development of the Islamic banking and finance industry.Razlan says it is a great honour to be recognised again by GIFA for the quality of MARC’s credit ratings and research.

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Top foreign and local stories at 4pm

Fri, 30 Sep 2016 15:58:22 +08:00

Top foreign and local stories at 4pm

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China Sept factory activity expands marginally as orders edge up

Fri, 30 Sep 2016 15:54:16 +08:00

BEIJING: China's factory activity expanded in September as domestic and export orders picked up but the improvement was marginal and manufacturers continued to shed jobs, a private business survey showed on Friday.

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KLCI falls more than 10 points in late afternoon

Fri, 30 Sep 2016 15:50:38 +08:00

KUALA LUMPUR: Blue chips fell more than 10 points in late Friday afternoon trade, bogged down by weaker manufacturing data, a bomb threat and mostly due to the weaker key Asian markets.

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Sony unveils X-series flagship smartphones in Malaysia

Fri, 30 Sep 2016 15:44:47 +08:00

KUALA LUMPUR: Sony has launched its first flagship smartphones of the X series, the Xperia XZ and Xperia X Compact, in Malaysia, with the camera being the major focus point.