Cover Story: QCT a platform for MRCB to further monetise assets

Cover Story: It’s just the beginning, say Salim and Imran

Cover Story: Reviving MRCB

KUALA LUMPUR: Just as Perusahaan Otomobil Kedua Sdn Bhd (Perodua) celebrated the 10th anniversary of its popular Myvi, the second national carmaker has confirmed that it is to launch a sedan model no later than 2019.

According to Perodua, there is currently a prototype, with the vehicle...

Perodua to launch a sedan by 2019

KUALA LUMPUR: Fututech Bhd may see the injection of construction-related assets and order book by its major share...

Fututech may see injection of construction assets by Tee

3rd generation takes helm at cash-rich Oriental

Local tycoons remained relatively quiet this year without any major corporate exercises or manoeuvres, probably sensing the rising uncertainty ahead in the domestic as well as global economies. Nevertheless, tycoons being tycoons, they created some interesting news that grabbed the headlines.

Newsmakers 2014: Tycoons hit by crude’s tumble, IPO issues

THE local aviation sector was mired in tragedy, mystery, controversy and drama during the year, hogging the global headlines.

The biggest casualty was national carrier Malaysian Airline System Bhd (MAS), which was hit by two shocking incidents just four months apart.

As the wo...

Newsmakers 2014: Annus horribilis for aviation sector

KUALA LUMPUR: The market cheered on the aborted three-way mega merger between CIMB Group Holdings Bhd, RHB Capital Bhd (RHBCap) and Malaysia Building Society Bhd (MBSB) last week, sending share prices of CIMB and RHBCap higher as investors deemed the deal cancellation a prudent move amid a toughe...

Aborted deal a setback for Ong?

KUALA LUMPUR (Jan 12): Eco World Investment Co Ltd (EW Investment), a private vehicle controlled by Tan Sri Liew Kee Sin and Datuk Voon Tin Yow, will develop three large scale residential projects in London together with the Ballymore Group, with a total gross development value (GDV) of £2.2 bill...

Eco World Investment to develop £2.2 billion London projects with Ballymore Group

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.

Siow Chen Ming

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