The Star Business News
Maybank raises US$261m from Samurai bonds
April 24, 2015 03:17:00 pm
KUALA LUMPUR: Malayan Banking Bhd (Maybank) raised 31.3bil yen or US$261mil from its inaugural Samurai bond issuance, which will have a three and five year tenor. ...
Maybank, PetChem lead KLCI higher as ringgit extend gains
April 24, 2015 02:16:00 pm
KUALA LUMPUR: Maybank and Petronas Chemicals led the FBM KLCI higher at the midday break on Friday as investor sentiment perked up amid a broader mixed market while the ringgit extended its gains for the fifth week....
Amazon revenue beats, cloud computing more profitable than expected
April 24, 2015 01:53:00 pm
Amazon.com Inc's first-quarter revenue grew more than expected as rising sales in North America and its burgeoning cloud-computing services unit offset new business investments, boosting its shares nearly 7%....
Google shares rise after online ad sales drive revenue higher
April 24, 2015 01:06:00 pm
Google Inc reported higher quarterly revenue and profit as rising online ad volume offset a hit from the strong dollar, sending the Internet company's shares higher in after-hours trading....
ASEAN members could remove non-tariff barriers in competitive areas
April 24, 2015 01:03:00 pm
KUALA LUMPUR: Removal of non-tariff barriers can be done by ASEAN members in the fields where they are competitive but not in the areas that could undermine their development, a banker said. ...
Microsoft profit, revenue beats Wall Street view; shares up
April 24, 2015 12:54:00 pm
Microsoft Corp reported revenue and profit above Wall Street expectations, as sales of its hardware and cloud-computing services helped to offset a decline in the company's core Windows business....
Maybank launches Samurai bond issuance to raise ¥31.3 billion
April 24, 2015 12:51:00 pm
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has launched its inaugural Samurai bond issuance, raising ¥31.3 billion (US$261mil) with a three and five year tenor....
Scanwolf tumbles to 3 month low of 68 sen
April 24, 2015 12:37:00 pm
KUALA LUMPUR: Shares of Scanwolf Corporation Bhd tumbled to a low of 68 sen – the lowest since Jan 15 -- on Friday after announcing about a probe into its operations....
Low-key launch as Apple Watch finally goes on sale
April 24, 2015 12:31:00 pm
The Apple Watch launched globally today (April 24) with a small queue of Japanese tech-addicts lining up in Tokyo for Apple Inc's first wearable gadget, but there was no sign of the excitement usually attached to the company's product rollout...
Tenaga climbs to high of RM14.62 on stronger Q2 earnings ahead
April 24, 2015 12:05:00 pm
KUALA LUMPUR: Tenaga Nasional’s share price advanced to a high of RM14.62 on Friday ahead of its second quarter earnings next Monday....
Tropicana to build international school for Tenby
April 24, 2015 11:52:00 am
KUALA LUMPUR: Tropicana Corp Bhd (Tropicana) ties-up with Tenby Schools to build a 10-acre international school campus known as Tenby International School in the mixed development township of Tropicana Aman, Kota Kemuning....
Press Metal under selling pressure as technical outlook weakens
April 24, 2015 11:22:00 am
KUALA LUMPUR: The shares and warrants of Press Metal skidded on Friday on selling pressure as the technical outlook weakened....
AmResearch maintains Hold on Pavilion Reit
April 24, 2015 10:56:00 am
KUALA LUMPUR: AmResearch has reaffirmed its Hold call on Pavilion Reit with an unchanged fair value of RM1.40/unit, based on a DCF valuation. ...
KLCI up more than 6 points in early trade
April 24, 2015 10:17:00 am
KUALA LUMPUR: The FBM KLCI climbed more than six points early trade and stayed comfortably above the 1,850 level on nibbling of key stocks as investor sentiment was underpinned by the record overnight close of Nasdaq. ...
Trading ideas: TAS, Scanwolf, GHL, Muhibbah
April 24, 2015 10:03:00 am
KUALA LUMPUR: JF Apex Research expects TAS Offshore, Scanwolf, GHL Systems and Muhibbah Engineering to be among the stocks to watch on Friday following the fresh corporate developments. ...
KLCI may retest 1,850 after Nasdaq’s record high
April 24, 2015 09:57:00 am
KUALA LUMPUR: BIMB Securities Research expects stocks on Bursa Malaysia to see some consolidation but some nibbling of selected index linked stocks could see the FBM KLCI re-test the 1,850 level again on Friday....
Asian shares take cue from Nasdaq record
April 24, 2015 09:50:00 am
TOKYO: An index of Asian shares rose on Friday, on track for a weekly gain as a fresh record for the Nasdaq helped nudge it toward seven-year highs, while the dollar marched in place after more lacklustre U.S. economic data....
Crude eases after jump, set for 6th weekly gain
April 24, 2015 09:49:00 am
TOKYO: U.S. crude futures edged back on Friday from a four-month high touched a day earlier, but were on course for a sixth straight weekly gain after renewed air strikes in Yemen stoked concerns about the security of Middle East oil shipments....
Apple Watch goes on sale worldwide amid supply shortage
April 24, 2015 09:47:00 am
SAN FRANCISCO: The Apple Watch goes on sale around the world on Friday, the final stage of a protracted launch of Apple Inc Chief Executive Tim Cook's first new product, capping months of publicity and a frenetic two weeks of pre-orders....
Laureate Education plans IPO
April 24, 2015 09:45:00 am
NEW YORK: Laureate Education Inc, the world's biggest for-profit education chain, is in talks with banks for an initial public offering, a person familiar with the matter told Reuters....
Nasdaq sets closing record
April 24, 2015 09:44:00 am
NEW YORK: The Nasdaq Composite, the U.S. market index most closely associated with technology stocks, closed at an all-time high on Thursday, surpassing a 2000 record set just before the dotcom crash....
How Malaysians abroad are bridging a skills gap
April 24, 2015 09:26:00 am
Malaysia’s fast growing economy is creating jobs at every skill level and as a result is reshaping the way Government, industry and academic institutions interact, communicate and collaborate....
Mah Sing's hungry
April 24, 2015 01:00:00 am
Developer on the prowl for large joint ventures in the Klang Valley...
Business as usual at Icon Offshore
April 24, 2015 01:00:00 am
O&G firm says deputy CEO running the show following remand of CEO and COO...
SMEs welcome decision to abolish renewal fees
April 24, 2015 01:00:00 am
PETALING JAYA: Small and medium-sized enterprises (SMEs) are relieved by the Cabinet’s decision to abolish the renewal fee for foreign workers’ permits over MyEG....
NCB expects Kontena Nasional to turn around
April 24, 2015 01:00:00 am
SIBU: NCB Holdings Bhd’s unit Kontena Nasional Bhd is expected to break even and turn around by middle of 2016, said group managing director Abi Sofian Abdul Hamid....
Scanwolf appoints PKF to review ops
April 24, 2015 01:00:00 am
PETALING JAYA: Scanwolf Corp Bhd has appointed auditing firm PKF Covenant Sdn Bhd to conduct an investigative review on the company....
Not the time to shy away from tough decisions
April 24, 2015 01:00:00 am
Malaysia in good position to move out of middle-income trap...
SapKen seeks to be reinstated in syariah-compliant list
April 24, 2015 01:00:00 am
KUALA LUMPUR: Integrated oil and gas (O&G) services and solutions provider SapuraKencana Petroleum Bhd (SapKen) has submitted its application to the Securities Commission (SC) to be reinstated into the syariah-compliant list....
Khazanah firm on its turnaround plan for MAS
April 24, 2015 01:00:00 am
Azman: National carrier needs only 14,000 workers...
Muhibbah eyes RM1bil worth of jobs in Pengerang
April 24, 2015 01:00:00 am
MUHIBBAH Engineering (M) Bhd is tendering for RM1bil worth of jobs in Pengerang, Johor to bolster its current order book of RM2.05bil, made up mostly of infrastructure, oil and gas and port projects....