BTotos deal not likely to endear
P Gunasegaram wonders why Berjaya Sports Toto has put its gaming business intoa trust to be listed in Singapore when there seems to be no clear positive outcome……
Want to make money? Go green
Tan Thiam Hock says those looking to venture into business need to have clearstrategies and ensure the business chosen can remain competitive, relevant and sustainable amid changing times……
Give back in the form of services
Andrew Sheng makes a poignant point on aging populations and the servicesindustry Asia needs to focus on to ensure sustainability……
Times when a mans word may not necessarily be his bond
Yap Ming Hui stresses on the importance of having the know-how to invest in bond funds and never completely trusting financial advisors……
Time is of the essence in the property development sector too
Alan Tong looks at the need for Malaysia to improve its level of efficiency inprocessing approvals for property development projects, particularlythe amount of time taken compared with that in neighbouring countries……
DRB-Hicom removes Group Lotus CEO
PETALING JAYA: DRB-Hicom Bhds Group Lotus PLC has terminated its chief executive officer Dany Bahar and appointed DRB-Hicom executive Aslam Farikullah as chief operating officer as the group seeks to turn around the sports car manufacturer……
Axiata wins ‘Best Telecom Group’ award for fourth year
KUALA LUMPUR: Axiata Group Bhd clinched Frost & Sullivan’s 2012 Asia Pacific ICT award for the “Best Telecom Group of the Year” for the fourth consecutive year with its outstanding performance across a number of areas……
Axiata approaches Idea for tower company
MUMBAI: Axiata Group has approached Aditya Birla group-owned Idea Cellular to form a transnational tower company with operations across South-East Asia……
Petronas predicts declining oil prices on global economic uncertainty
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) expects oil prices to decline on the back of global economic uncertainty, said chief operating officer and executive vice-president (downstream business) Datuk Wan Zulkiflee Wan Ariffin……
Anuar appointed VP of Petronas unit
KUALA LUMPUR: Datuk Mohd Anuar Taib ( pic ) will helm Petroliam Nasional Bhds (Petronas) development and production unit as its vice-president and chief executive officer with effect from July 1, according to a statement from Petronas said……
Petronas appoints Shamsiah chief integrity officer
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has appointed Datuk Shamsiah Abu Bakar chief integrity officer (CIO) effective this month……
Futures brokers can now set up branches
KUALA LUMPUR: Bursa Malaysia Derivatives Bhd has announced the easing of restrictions for the setting up of branches and kiosks by futures brokers, paving the way for greater retail participation in the derivatives market. &nbs…..
Kenanga Investment-ECM Libra Investment merger makes sense
PETALING JAYA: The proposed merger of the investment banking businesses of K&N Kenanga Holdings Bhd and ECM Libra Financial Group Bhd (ELFG) is set to catapult their combined entity into the top five ranking of equities brokerage by trading value in …..
A380 aircraft gives MAS the edge
Malaysia Airlines, Boustead, SP Setia and Sime Darby……
Eye on Stock
AFTER undergoing a round of shallow correction, which witnessed prices retracing from the RM3.11 level in late May to a low of RM3.01, Affin Holdings Bhd sprang back to life in the wake of fresh buying momentum, driving prices to a high of RM3.38 dur…..
Market remains in correction mode
The steady recovery from the recent ebb of 1,526.60 on May 18 came to a halt temporarily at the start of the week, with the FBM Kuala Lumpur Composite Index (FBM KLCI) declining a hefty 7.40 points or 0.47% to 1,566.19 in initial deals……
SOBA workshops to feature wide range of speakers
IT is in troubling times like these, that uncertainty and volatility cloud the future of businesses and businesses need something to hold on to, something to motivate them to keep pushing forward although they are not able to see past the fog……
Is gold more alluring now?
Gold investments have been a vogue choice of sorts in recent years as the price of the precious metal made its ascend riding on the fears and worries of one crisis after another……
Treasury Pulse
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Another shot in the arm?
In mitigating the immediate effects of global economic uncertainties, policymakers should not lose sight of their long-term development goals……
Organic uses of palm oil
Feeding oleochemical for production of surfactants used in cleaning products…..
UMWs next engine of growth
ARMED with a war chest of RM2.25bil, conglomerate UMW Holdings Bhd is planning to shop around for opportunities to expand its business and sees its oil and gas division as the next engine of growth, while its automotive business remains its main reve…..
Globetronics expects its business diversification to reap profits
AFTER having executed a business plan that looked for diversification over the past five years, Globetronics Technology Bhd is ready to take up challenges that emanate from the volatile electronics and semiconductor markets amid worsening global econ…..
Building a strong Asean entity
Question-and-answer session with RHB Cap group managing director Kellee Kam……
Genting takes stake in Echo
MELBOURNE: Singapore gaming operator Genting said it had taken a US$234mil stake in Echo Entertainment, raising the prospect of a battle for control over the Australian casino company with billionaire rival James Packer……
China rate cut sparks fears of grim May data
BEIJING: Global cheers over Chinas decision to cut interest rates faded as investors and economists worried that the move signalled the impending release of grim economic data……
Rivals lambast Nasdaqs plan
NEW YORK: Rival exchanges lashed out at Nasdaq OMXs US$40mil plan to compensate clients for its mishandling of Facebooks initial public offering (IPO) last month, calling the plan illegal, anti-competitive and saying it was unlikely to be appro…..
Fed proposal closely follows Basel capital pact
WASHINGTON: The Federal Reserve rejected pleas by the US banking industry in releasing a rigorous interpretation of an international agreement on higher capital standards for banks, known as Basel III……
EC presses Greece to wind down ATEbank
BRUSSELS: The European Commission (EC) is pressing Greece to wind down certain banks, possibly including its fifth-largest lender ATEbank, European Union (EU) sources said……
Qantas shares plunge on S&P move
SYDNEY: Shares in flagship Australian airline Qantas dropped below A$1 (98.5 US cents) for the first time since the carriers float in 1995 after it was put on credit watch by Standard & Poors (S&P)……
German exports, imports down
FRANKFURT: German exports and imports fell sharply in April as Europes biggest economy begins to feel the effects of the long-running eurozone debt crisis, data showed yesterday……
Bank of France cuts Q2 growth forecast
PARIS: The Bank of France cut its growth estimate for French growth yesterday, saying the eurozones second-biggest economy would now likely contract by 0.1% in the second quarter……
Sales pitch from Canada
LAST week, a group of fairly young people organised a lunch at a club to promote and market some townhouses in Alberta, Canada. There are a few things about the investment propostion that comes across as rather interesting……
Apartment built like a hotel
IF a serviced apartment is like a marriage between a hotel and an apartment, Low Yat Groups latest luxury project may elevate the romance between the two to another level……
IAA Malaysia aims to double membership
The Malaysian chapter of the International Advertising Association (IAA) is introducing a young professionals category and ramping up its activities, as it seeks to double its membership by year-end and boost its coffers……
Mazuin named Lowe Malaysia new MD
CREATIVE agency Lowe Malaysia, which recently won the Perodua account, has appointed Mazuin Zin managing director……
Record entries to Cannes Lion International Festival
A RECORD 34,301 entries from 87 countries have been submitted to this years Cannes Lions International Festival of Creativity, the largest and arguably most prestigious global international annual awards for creative advertising and communications……
Have BRICS lost steam?
Unsold apartments in Beijing are a stark indication that growth has slowed……
Snapshots
Compiled by THEAN LEE CHENG……
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