7-day Archive: 

Business

ECB to face Greece questions, hold rates

FRANKFURT, Feb 9 – All eyes will be on what the European Central Bank is willing to do to help Greece when it holds its monthly policy meeting today, with interest rates expected to stay on hold ahead of a major funding operation later this month.

ECB President Mario Draghi (picture) may be tight-lipped on the matter, however, with the Greek ... Read More
Socialist leader George Papandreou leaves the Greek prime minister’s office in Athens February 9, 2012. Greek political leaders have agreed on all points of a bailout package except one. — Reuters
Socialist leader George Papandreou leaves the Greek prime minister’s office in Athens February 9, 2012. Greek political leaders have agreed on all points of a bailout package except one. — Reuters Read More

Singapore firms stop Indonesia palm oil exports to Iran

KUALA LUMPUR, Feb 9 – Singaporean firms have stopped supplying Iran with Indonesian palm oil on concerns over the country’s ability to make payments in the wake of Western sanctions, trading sources in ... Read More

Markets guarded as Athens strives to reach deal

TOKYO, Feb 9 — Shares and the euro struggled today, as sentiment grew cautious after Greek political leaders failed to conclude a deal for a bailout package crucial to avoiding a messy debt ... Read More

Guan Eng: Bosch downpayment proof of commitment

By Yow Hong Chieh
KUALA LUMPUR, Feb 9 — Robert Bosch GmbH’s multi-million ringgit downpayment on land in Penang for its solar panel plant shows the engineering firm’s commitment to investing in the state, Lim Guan Eng said ... Read More

Europe pull-out won’t hit A350 orders, says AirAsia X

SINGAPORE, Feb 9 — Long-haul budget carrier AirAsia X said its decision to scrap unprofitable routes to Europe will not affect its orders of 10 Airbus A350 passenger planes, chief executive Azran Osman ... Read More

Gamuda-MMC ahead of pack with lowest MRT tunnelling bid

By Yow Hong Chieh
KUALA LUMPUR, Feb 9 — Gamuda-MMC is said to be the lead contender for Klang Valley Mass Rapid Transit (KVMRT) tunnelling works worth RM8 billion after submitting the lowest bid for the job.Business Times, ... Read More

Malaysia’s trade hits record in 2011

By Lee Wei Lian
KUALA LUMPUR, Feb 9 — Malaysia’s total trade hit RM1.27 trillion last year, the highest ever recorded, the Ministry of International Trade and Industry said today.Exports outpaced imports RM694.55 billion ... Read More

Khazanah denies Medini high finance conspiracy

By Lee Wei Lian
KUALA LUMPUR, Feb 9 — Khazanah Nasional Berhad yesterday denied allegations of questionable deals in the development of the ambitious multi-billion ringgit Medini integrated development in Johor.The ... Read More

AirAsia X eyes IPO in second half 2012

KUALA LUMPUR, Feb 9 — Long-haul budget carrier AirAsia X is planning to list in the second half of this year if two other group units list successfully, despite recently cancelling some routes, the Edge ... Read More

Analyst calls for Feb 9

KUALA LUMPUR, Feb 9 — This is a selection of morning calls by local research houses for the day.From HwangDBS VickersBoustead HoldingsFY11 results should be in line driven by plantations at c.42 per cent ... Read More

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