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Preview: The Star Online: Business

Business News

Business News


BAT's profit continues to be impacted by Nov 2015 excise hike

Mon, 24 Oct 2016 18:47:14 +08:00

KUALA LUMPUR: British American Tobacco (M) Bhd (BAT) posted a profit attributable to shareholders of RM212.63mil for the third quarter ended Sept 30, down 17% from a year earlier.

Palm oil rallies, Maxis and GentingM boost KLCI

Mon, 24 Oct 2016 18:06:36 +08:00

KUALA LUMPUR: Maxis Bhd, Genting Malaysia and Petronas Gas led the FBM KLCI higher at the close on Monday while crude palm oil futures rallied and the ringgit firmed up against the US dollar.

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Eurozone business activity picks up: survey

Mon, 24 Oct 2016 17:36:36 +08:00

BRUSSELS: Eurozone business activity picked up strongly in October to a 10-month high, recovering from a dip in September, as economic powerhouse Germany led the way, a closely watched survey showed Monday.

Major banks mark first-ever international trade using blockchain tech

Mon, 24 Oct 2016 17:09:00 +08:00

The first cross-border transaction between banks using multiple blockchain applications has taken place, Commonwealth Bank of Australia and Wells Fargo & Co said, resulting in a shipment of cotton to China from the United States.Tentative first steps: The blockchain transaction is not the first involving the decentralised database, used since 2009 for the digital currency bitcoin, but it is a milestone for the traditional banking industry which at first shied away from the technology. — Reuters

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Danajamin appoints Ariffin as new director

Mon, 24 Oct 2016 17:08:03 +08:00

KUALA LUMPUR: The country’s financial guarantee insurer Danajamin Nasional Bhd has appointed Ariffin Hew as an independent non-executive director for a three-year term effective Tuesday (Oct 25).

In insurance Big Data could lower rates for optimistic tweeters

Mon, 24 Oct 2016 15:42:02 +08:00

ZURICH: When people take to Twitter to comment on the great evening they enjoyed with good food and wonderful friends, reducing their monthly insurance bill is probably the last thing on their mind. But such tweets could help insurers to price premiums for individuals, with research suggesting a direct link between positive posts and a reduced risk of heart disease.

Telekom: Same price, double the broadband speed for UniFi customers

Mon, 24 Oct 2016 15:16:42 +08:00

KUALA LUMPUR: Telekom Malaysia Bhd has announced its Broadband Improvement Plan for 2017 to provide Malaysians with greater value offerings

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Eversendai order book hits RM2.5b

Mon, 24 Oct 2016 15:08:07 +08:00

KUALA LUMPUR: Structural steel turnkey contractor Eversendai Corporation Bhd has secured contracts worth RM1.8bil for 2016, to date.Eversendai executive chairman and group managing director Tan Sri A.K. Nathan

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Bursa Malaysia's 3QFY16 net profit drops to RM44.04mil

Mon, 24 Oct 2016 14:43:52 +08:00

KUALA LUMPUR : Bursa Malaysia Bhd reported a lower net profit of RM44.04mil for its third quarter ended September 30, 2016 (3QFY16) from RM51.47mil a year ago on the back of lower trading activity and a subsequent decrease in operating revenue.

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