Archive for the 'Business Times' Category

AmIslamic issues first Basel III-based sukuk

Monday, March 3rd, 2014

AMMB Holdings Bhd’s Islamic banking arm, AmIslamic Bank Bhd, has become Malaysia’s and world’s first issuer of Basel III-compliant Tier 2 subordinated sukuk. This follows its inaugural issuance of its RM200 million Basel III-compliant Tier 2 subordinated sukuk Murabahah, based on commodity trading via a Tawarruq arrangement last Friday. Basel III, or the Third Basel […]

Capa: HSR line may hit air travel

Monday, March 3rd, 2014

THE planned high speed rail (HSR) project linking Kuala Lumpur and Singapore could lead to a plunge in air traffic between the two cities, said Centre for Asia Pacific Aviation (Capa). The HSR could also change the dynamics of competition between Singapore’s Changi and Kuala Lumpur International Airport, particularly if the line includes stops at […]

Flow of good tidings set to continue

Monday, March 3rd, 2014

THE tempo for “Things are Looking Up” quickened late last year and Malaysia would recognise the mood Fred Astaire was unmistakably in the soundtrack. The flow of good tidings has been steady since the start of the year and it has given much to cheer about. Events from October to December showed that last year […]

Harsh weather havoc on data, again

Monday, March 3rd, 2014

AFTER months of subpar economic data that has been blamed at least partially on the brutal winter weather, investors may still struggle to discern the real picture of the economy this week. The closely watched monthly jobs report due on Friday was expected show that employers stepped up hiring a bit in February, but there […]

Media powerhouse gets multiple acclaims

Monday, March 3rd, 2014

KUALA LUMPUR: Media Prima Bhd has received multiple recognition, including the Best Overall Corporate Governance Company in Malaysia, at the 2013 Asiamoney’s Corporate Governance awards. The event, which was held in Hong Kong last week, also saw the company taking home the Best Company for Disclosure and Transparency, Best Company for Responsibilities of Management and […]

AirAsia shares poised to stage follow-through technical rebound

Monday, March 3rd, 2014

OVERALL overall market sentiment remained firm last week, in line with the rebounds on Wall Street and the Hong Kong stock market, with share prices on Bursa Malaysia trending higher on renewed buying support from heavyweight counters. The FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded for the fourth consecutive week last Friday. The index consolidated […]

Index to stay in consolidation mode

Monday, March 3rd, 2014

ON one hand, small-cap and penny stocks slumped into profit-taking correction last week, with selling more pronounced in oil and gas-related (OandG) stocks on news that Petroliam Nasional Bhd (Petronas) is looking at another delay in its RM60 billion Rapid project. On the other hand, blue chips were cushioned by local funds’ support, following dovish […]

Bulls set to take charge

Monday, March 3rd, 2014

SHARE prices on Bursa Malaysia are expected to trade higher this week amid positive external developments. Analysts said despite a few exciting local leads, the local stock market in the past few weeks had proven to be resilient and to some extent, bullish. They added that bulls are ready to charge into the market as […]

Prices hold steady

Sunday, March 2nd, 2014

LONDON: Gold steadied around US$ 1,330 an ounce yesterday and was on track for its biggest monthly gain in seven as persistent concerns about a slowdown in the US economy hurt the dollar. Spot gold was unchanged at US$ 1,330.50 an ounce by 1112GMT, below a four-month high of US$ 1,345.35 struck on Wednesday. US […]

Figures don’t lie, economy is fine

Saturday, March 1st, 2014

IS the economy in trouble? Some seem to hold this opinion or, at the very least, say that so far, the year has been challenging. Price increases, weaker ringgit, lower car sales and even fewer overtimes experienced by some are cited as disappointing signs. However, the numbers released recently are saying something else – the […]