KUALA LUMPUR (Sept 4): Sapura Energy Bhd, via its wholly-owned subsidiary Sapura Upstream Sdn Bhd, has signed three farm-in agreements for offshore exploration permits held by private Australian oil and gas company, Finder Exploration Pty Ltd.

Under the agreements, Sapura Upstream will ...

Sapura Energy in three farm-in deals for maiden upstream Australian venture

KUALA LUMPUR (Sept 4): Borneo Aqua Harvest Bhd has proposed a bonus issue of up to 939 million shares, on the basis of one bonus share for every existing share.

“The proposed bonus issue shall be wholly capitalised from the share premium of the company,” the group said in a stock exchan...

Borneo Aqua Harvest proposes 1-for-1 bonus issue

KUALA LUMPUR (Sept 4): Standard Chartered has cut Malaysia’s gross domestic product (GDP) growth forecast to 4.8% for 2018, from 5.3% previously, on the back of negative trade sentiment and weaker-than-expected growth seen in the first half of the year.

Standard Chartered chief economis...

Standard Chartered cuts M'sia 2018 GDP growth forecast to 4.8%

KUALA LUMPUR: AirAsia Group Bhd’s decision not to renew the agreement to build a low-cost carrier terminal (LCCT) in China was due to “various factors”, including a failure to secure a domestic operating licence in the country.

“We couldn’t get a proper [Chinese] airline that is suitabl...

‘Various factors’ led to AirAsia calling off China LCCT plan

KUALA LUMPUR (Sept 3): The Ministry of Finance is aiming to increase foreign direct investments (FDI) in Malaysia’s electrical and electronic (E&E) and information technology (IT) sectors, according to deputy minister Datuk Amiruddin Hamzah.

MOF is aiming to revive the inflow of FDI...

MOF aims to increase FDI for E&E, IT industries — deputy minister

KUALA LUMPUR (Sept 3): The decision not to renew the plan to establish a low cost carrier terminal (LCCT) in China is not a material setback to growth that AirAsia Group Bhd expects from the country.

The group will continue to look into increasing the number of destinations and frequenc...

Dropped LCCT plans in China will not affect AirAsia's growth, says Kamarudin

KUALA LUMPUR: Competition among insurance providers has picked up over the years, leading Tokio Marine Life Insurance Malaysia Bhd to turn to digitalisation to drive the group forward.

“It’s costly to compete using agency force,” Tokio Marine Malaysia chief executive officer, Toi See Jo...

Tokio Marine turns to digitalisation as the way forward

KUALA LUMPUR (Aug 30): Malayan Banking Bhd (Maybank), which records a 4.6% year-on-year increase in gross loans in its second quarter, expects to outperform the industry in terms of annual loan growth this year, largely driven by its consumer and small businesses segment, as activity in the inves...

Maybank expects to outperform industry's loan growth this year

KUALA LUMPUR (Aug 30): Telekom Malaysia Bhd (TM) fell as much as 23 sen or 6% to RM3.34 so far today after the group said its second quarter net profit declined to RM101.93 million from RM210.48 million a year earlier.

Yesterday, TM said first half net profit dropped to RM259.09 million...

TM down after reporting weaker 2Q results

KUALA LUMPUR: Newly appointed economic adviser to the prime minister, Dr Muhammed Abdul Khalid, is a man of “utmost integrity” and a “great defender of the poor”, according to academician Edmund Terence Gomez.

“He knows the issues and he is a man who is concerned about the B40 (bottom 4...

‘Econ adviser to PM is defender of the poor’

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

Anwar: Putrajaya will keep eye on inflation rate following civil service pay hike

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

US private payrolls beat expectations in April 

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

KFC parent Yum reports surprise drop in global same-store sales on weak demand

Shell has exited China's power markets as part of CEO Wael Sawan's drive to focus on more profitable operations including its natural gas and oil businesses.

Shell exits China power market businesses

The retail price of RON97 petrol remains unchanged at RM3.47 per litre, with RON95 also unchanged at RM2.05 per litre, from May 2 to May 8, according to the Ministry of Finance on Wednesday.

Fuel prices unchanged till May 8

The dollar edged towards its highest level this year against a basket of peers and US share futures dipped on Wednesday ahead of a Federal Reserve policy decision, though trading was thin with many European and Asian markets closed.

Dollar near five-month highs ahead of Fed policy decision

Bitcoin slid by almost 6% on Wednesday, having posted its worst monthly performance in April since late 2022, as investors pulled money out of cryptocurrencies ahead of an interest rate decision by the Federal Reserve later.

Crypto washout sends bitcoin below US$58,000 into bear market

Prime Minister Datuk Seri Anwar Ibrahim has emphasised that any party associating him and the government with a purported casino project in Forest City must face legal action.

Those who spread lies on Forest City casino project ought to be jailed, says PM

Details regarding the salary increase for civil servants will be announced during the tabling of Budget 2025 in October this year.

Details of civil servants’ wage hike to be announced in Budget 2025, says Fahmi 

China's Huawei Technologies has moved the high-profile chief of its consumer business, Yu Chengdong, to a new role as chair of the unit, two people with knowledge of the matter said.

Huawei's high-profile consumer CEO Richard Yu shifts role

Yum Brands reported a fall in quarterly global same-store sales on Wednesday, hurt by choppy demand for its KFC and Pizza Hut brands from inflation-weary consumers in the United States as well as in overseas markets.

The government will continue to monitor the impact on inflation in the country following the announcement of a more than 13% increase in civil servants' salaries this December.

US private payrolls increased more than expected in April, suggesting that the labor market maintained its momentum early in the second quarter.

Samantha Ho

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