7-day Archive: 

Business

New management at Proton after March, says Dr M

KUALA LUMPUR, Feb 23 — Proton’s current management will stay on until next month at least as the transfer of a 42.7 per cent stake to DRB-HICOM is still being processed, Tun Dr Mahathir Mohamad said today.

The Proton adviser also told reporters that “as far as I know, there is no confirmation” that Tan Sri Tengku Mahaleel Tengku Ariff was ... Read More

US President Barack Obama, with his VP Joseph Biden (left), discusses the payroll tax cut and unemployment insurance at the White House complex in Washington, February 21, 2012. — Reuters pic
US President Barack Obama, with his VP Joseph Biden (left), discusses the payroll tax cut and unemployment insurance at the White House complex in Washington, February 21, 2012. — Reuters pic Read More

Wynn tipped to kick Okada off Macau board Friday

LOS ANGELES, Feb 23 — Casino mogul Steve Wynn will convene an emergency meeting of the directors of Wynn Macau tomorrow with the goal of kicking his former friend and partner Kazuo Okada off the board, ... Read More

Wine cache rescues those short of cash

NEW YORK, Feb 23 — Some US pawnbrokers are taking liquid assets — literally.Fine wines are among the items they will accept as collateral for loans, along with family jewels and fine art, as a practice ... Read More

Petronas to add new LNG train

KUALA LUMPUR, Feb 23 — State oil company Petroliam Nasional Bhd (Petronas) said today it would add another liquid natural gas (LNG) train with a capacity of 3.6 million tonnes per annum (mtpa) to its LNG ... Read More

Analyst call Feb 23

KUALA LUMPUR, Feb 23 — This is a selection of morning calls by local research houses for the day.OSK ResearchEconomic overviewHeadline inflation remained on a downward trajectory. It rose by 2.7 per cent ... Read More

Fitch downgrades Greece on debt swap plan

ATHENS, Feb 23 — Fitch yesterday cut Greece’s long-term ratings to its lowest rating above a default, becoming the first ratings agency to make the widely expected downgrade after the country announced a ... Read More

MITI to review incentives for domestic investors

By Lee Wei Lian
KUALA LUMPUR, Feb 23 — The Ministry of International Trade and Industry said today that it is proposing to review existing laws to allow domestic companies already in existence to access investment ... Read More

Bank Islam may assume listing status of parent, says paper

KUALA LUMPUR, Feb 23 — Bank Islam Malaysia Bhd may assume the listing status of its parent company BIMB Holdings Bhd, the Business Times said today, citing unidentified sources.BIMB, which owns 51 per ... Read More

Banks sink on European economic worry

NEW YORK, Feb 23 — Banks led stocks lower yesterday as the S&P 500 stalled near a 10-month-high after signs of weak European business activity rekindled concerns about a recession overseas.US banks were ... Read More

AirAsia sees sharp fall in 2011 net profit

KUALA LUMPUR, Feb 22 — AirAsia today reported a sharp fall in net profit by almost half for 2011 but the budget carrier posted record revenue.The airline posted a revenue of RM4.47 billion ringgit for the ... Read More

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