Recent Articles

Overlapping jurisdictions to blame for weak enforcement

Overlapping jurisdictions to blame for weak enforcement

PETALING JAYA: Former president of the Malaysian Economic Association (MEA) Datuk R. Thillainathan has attributed the weak enforcement in combating corporate scandals to an overlap in jurisdiction. “There are different regulations, weak institutions and lack of check-and-balance between different arms of government,” he said in a plenary session at the Malaysian Economic Convention 2015 yesterday. […]

September 28, 2015 | By | Reply More
Saudi Arabia's ACWA says keen on 1MDB power assets but denies getting invite

Saudi Arabia's ACWA says keen on 1MDB power assets but denies getting invite

PETALING JAYA: Saudi Arabia-based ACWA Power said it is keen to buy 1Malaysia Development Bhd (1MDB) power assets but denied that it had been invited to submit a final offer for it. “While ACWA Power is interested in participating in a transparent process for this transaction, ACWA Power confirms that it was not invited by […]

September 28, 2015 | By | Reply More
Foreign sellers return to Bursa with a bang

Foreign sellers return to Bursa with a bang

PETALING JAYA: Malaysia succumbed to the heavy tide against emerging markets last week, as foreign investors offloaded RM1.27 billion net in the open market, despite it being a holiday-shortened week. MIDF Research head Zulkifli Hamzah said in his weekly fund flow report yesterday that it was only the fifth week this year that the amount […]

September 28, 2015 | By | Reply More
SapuraKencana share price could see 11% upside: AllianceDBS Research

SapuraKencana share price could see 11% upside: AllianceDBS Research

PETALING JAYA: AllianceDBS Research has maintained its “buy” call for SapuraKencana Petroleum with a 12-month target price of RM2.15, a 11% upside from its last traded price of RM1.93. “Our target price of RM2.15 is based on a sum-of-parts methodology. The group’s upstream services businesses are valued at a 13 times price-to-earnings ratio (PE) while […]

September 28, 2015 | By | Reply More
Asdion shareholders voice concern after 3 directors resign

Asdion shareholders voice concern after 3 directors resign

KUALA LUMPUR: Shareholders of Asdion Bhd are concerned about the future direction of the company after the resignation of two key directors in the group, one of whom was from newly acquired logistics company, TAZ Logistics Sdn Bhd. The issue centres on the share sale agreement (SSA) to buy a majority stake in TAZ, which […]

September 28, 2015 | By | Reply More
'Abu Dhabi state fund may shun RHB rights issue'

'Abu Dhabi state fund may shun RHB rights issue'

KUALA LUMPUR/ABU DHABI: Abu Dhabi state fund Aabar Investments may refuse to invest in a RM2.5 billion rights issue by RHB Capital in a sign of disappointment among Gulf investors with economic and political instability in Malaysia. RHB, Malaysia’s fourth largest bank by assets, announced the rights issue in April to support its growth and […]

September 28, 2015 | By | Reply More
Malaysia's 2014 GDP per capita tops world average for first time

Malaysia's 2014 GDP per capita tops world average for first time

KUALA LUMPUR: Malaysia’s gross domestic product (GDP) per capita in 2014 exceeded the average of all countries worldwide for the first time, said the Global Science and Innovation Advisory Council (GSIAC). In a statement, the GSIAC said Malaysia’s GDP per capita was at US$10,830 (RM47,600) in 2014 while the average of all nations worldwide stood […]

September 28, 2015 | By | Reply More
Final approval for MRT 2 expected in October

Final approval for MRT 2 expected in October

SUNGAI BULOH: The final alignment and railway scheme for Mass Rapid Transit (MRT) Line 2 is expected to be approved by the Land Public Transport Commission (SPAD) next month, with Mass Rapid Transit Corp targeting to start construction in the first quarter of 2016. MRT Corp CEO Datuk Shahril Mokhtar said yesterday the final details […]

September 28, 2015 | By | Reply More
Energy Transfer to buy Williams for US$33 billion after long quest

Energy Transfer to buy Williams for US$33 billion after long quest

REUTERS: Pipeline giant Energy Transfer Equity LP will buy rival Williams Cos Inc in a deal valued around US$33 billion, nearly a third less than the same offer Williams had rejected in June for being too small. The takeover ends a pursuit stretching back to January and marks the first major buyout of a midstream […]

September 28, 2015 | By | Reply More
Fiat Chrysler US union workers deal more blows to tentative pact

Fiat Chrysler US union workers deal more blows to tentative pact

DETROIT: United Auto Workers union members at Fiat Chrysler Automobiles NV’s U.S. factories are increasingly rejecting a proposed national labor agreement recommended by union leaders, expressing discontent with a compromise that sacrificed larger wage hikes for future investment in U.S. operations. By Monday, two large UAW locals in Kokomo, Indiana, and Detroit had resoundingly rejected […]

September 28, 2015 | By | Reply More