Business

PETALING JAYA: Gamuda Bhd has denied that its proposal to have four tolled highways acquired by a highway trust involved an enterprise value of RM5.2 billion. “The speculated enterprise value …

PETALING JAYA: The Armed Forces Fund Board (LTAT) has declared an improved dividend of 3.5% for the financial year ended Dec 31, 2020 (FY20), compared with 2.5% in 2019, on …

BEIJING: China should implement its commitments to equal treatment for foreign business and abandon “implicit” guidance to replace foreign products with domestic alternatives, the American Chamber of Commerce in China …

NEW YORK: The biggest US gasoline pipeline will not resume full operations for several more days due to a ransomware cyberattack blamed on a shadowy criminal network called DarkSide. The …

PETALING JAYA: Malaysia’s gross domestic product (GDP) posted a smaller decline of 0.5% for the first quarter of the year and remains on track to achieve a 6-7.5% growth for …

PETALING JAYA: A blanket automatic loan moratorium is not the right response for the nationwide movement control order (MCO) announced on Monday, as nearly all economic sectors are allowed to …

BEIJING: Futures for Chinese hot-rolled coils hit a record high at 6,698 yuan ($1,040.03) a tonne on Wednesday, while other ferrous products also extended gains, causing analysts to alert market …

KUALA LUMPUR: Following on conditional mandatory take-over offer in Eastern & Oriental Bhd (E&O), Amazing Parade Sdn Bhd is now the major shareholder of E&O, which stood at 55.2 per …

KUALA LUMPUR: The ringgit ended lower against the US dollar for a second consecutive day today, as inflation fears sweep Asia, coupled with the high number of daily Covid-19 cases …

SYDNEY: Asian shares fell for a second straight session on Wednesday to one-month lows as investors speculated surging commodity prices and growing inflationary pressure in the United States could lead …

PETALING JAYA: Public Bank Bhd’s net profit for the first quarter ended March 31, 2021 increased 15.1% to RM1.53 billion from RM1.33 billion in the same quarter of the previous …

PETALING JAYA: Malaysia’s economy could register a surprise narrower decline of 0.6% year-on-year (y-o-y) for first-quarter 2021 (Q1’21), compared with a 3.4% y-o-y contraction in Q4’20 despite the reimplementation of …

TOKYO: Panasonic Corp expects operating profit to jump by almost a third this business year as economic recovery from coronavirus lockdowns spurs demand for equipment and components, including automotive batteries …

BERLIN: BioNTech plans to set up a regional centre and a factory in Singapore for its vaccines, it said on Monday, boosting its presence in Asia as a debate over …

LATE payment in commercial transactions has always been cited as a major problem facing small and medium-sized enterprises (SMEs), be it in Malaysia or the rest of the world. In …

How has your life experience made you the leader you are today? Growing up, I was the middle child among six boys. Due to this, I felt the need to …

THE year 2021 promises to be an interesting yet challenging one for the financial services industry (FSI) in terms of tax developments locally and globally. Here are some of the …

PETALING JAYA: Berjaya Food Bhd (BFood) returned to the black in the third quarter ended March 31, 2021 with a net profit of RM11.61 million compared with a net loss …

PETALING JAYA: The movement control order 3.0 (MCO 3.0) will drive scarring effects on consumer sentiment into the current quarter (Q2’21) while the slow rate of Covid-19 vaccinations puts economic …

PETALING JAYA: Boutique integrated property developer OCR Group Bhd remains steadfast in its aim to deliver the first phase of Kuantan’s largest affordable homes scheme, Priya Kuantan, in early 2022. …