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Mercedes-Benz Malaysia eyes another record year

Mercedes-Benz Malaysia eyes another record year

PETALING JAYA: Mercedes-Benz Malaysia (MBM), which bucked industry trend and posted its best ever sales in 2015, aims to continue its record-breaking feat this year. MBM, a joint venture between Daimler AG and Cycle & Carriage Bintang Bhd, sold 10,485 units in 2015, up 56% from 6,932 in the year before. Its vice-president (passenger cars) […]

January 10, 2016 | By | Reply More
Property market expected to remain stable this year

Property market expected to remain stable this year

GEORGE TOWN: The Malaysian property market is generally expected to remain stable in 2016 but could see a dip of 5-6% compared with 2015 based on the market trend that has been seeing gradual decreases since the second quarter of 2014. According to Raine & Horne International senior partner Michael Geh, the first half of […]

January 10, 2016 | By | Reply More
TNB looking for overseas spark, says PublicInvest

TNB looking for overseas spark, says PublicInvest

PETALING JAYA: Tenaga Nasional Bhd (TNB) is exploring opportunities abroad, especially in regions with high electricity demand, due to flat electricity demand growth in Malaysia, said PublicInvest Research. It noted that TNB needs to expand its revenue overseas as electricity demand in the country is expected to grow around 2-3% per annum while the domestic […]

January 10, 2016 | By | Reply More
Seacera may venture into manufacturing, medical-related business

Seacera may venture into manufacturing, medical-related business

BATU CAVES: Seacera Group Bhd is looking to venture into a new business, which is likely to overtake the tile segment as the largest revenue contributor for the group, according to managing director Zulkarnin Ariffin. “There are some M&As (mergers and acquisitions) for the diversification. We’re looking at new things which can give value creation,” […]

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Ekuinas enters healthcare sector with RM79.8m investments

Ekuinas enters healthcare sector with RM79.8m investments

PETALING JAYA: Government-linked private equity fund Ekuiti Nasional Bhd (Ekuinas) has announced two investments worth RM79.8 million in two third party medical claims administrators (TPA), marking its maiden entry into the healthcare sector. TPAs act as an interface between consumers, medical funders and health providers, directly tapping into the growth of healthcare and health insurance […]

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Megasteel disappointed as Miti terminates HRC safeguard probe

Megasteel disappointed as Miti terminates HRC safeguard probe

PETALING JAYA: Steelmaker Megasteel Sdn Bhd said it was disappointed over the government’s notice to terminate the safeguard investigation with regard to hot-rolled coil (HRC) products imported into Malaysia despite the evidence of rising imports which have severely affected the local HRC industry and the company’s operations. “We are now in discussion with our trade […]

January 10, 2016 | By | Reply More
Wall Street faces profit recession as earnings season begins

Wall Street faces profit recession as earnings season begins

NEW YORK: Wall Street’s fourth-quarter earnings season that gets under way next week could confirm something many investors may not want to hear: the US economy may be doing well but corporate profits are in a recession. An earnings recession – two quarters of declining profits – would be led by the usual suspects, energy […]

January 10, 2016 | By | Reply More
Nevsky's prospects: China, fat tails and opaque markets

Nevsky's prospects: China, fat tails and opaque markets

NORMALLY, when hedge funds shut up shop, it is because the results have been poor. But that is not the case with Martin Taylor of Nevsky Capital who is retiring with an average annual return of 18.4%, some 16 percentage points ahead of the hedge fund average. In his final report (courtesy of Zero Hedge), […]

January 10, 2016 | By | Reply More
How the oil collapse stole Russia's Christmas

How the oil collapse stole Russia's Christmas

LONDON/MOSCOW: A plunge in the oil price to 12-year lows during Russia’s New Year and Orthodox Christmas break means the country returns to work on Monday with its economic recovery and once-mighty savings war chest on the line. The equity and currency turmoil in China that rippled through world markets during Russians’ 10-day festive holiday […]

January 10, 2016 | By | Reply More
Japan presses Singapore to ease restrictions on Fukushima imports

Japan presses Singapore to ease restrictions on Fukushima imports

TOKYO: Japan pressed Singapore to ease its ban on Fukushima food imports, following the European Union’s move to relax restrictions on imports from the area, according to media reports on Sunday. Japanese agriculture minister Hiroshi Moriyama said the Asian financial hub would take “proactive” steps to meet Tokyo’s request, after holding talks with Singapore’s minister […]

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