TH Heavy Engineering proposes RM170m Sukuk

KUALA LUMPUR: TH Heavy Engineering Bhd has proposed to issue non-rated Sukuk of up to RM170mil in nominal value at a profit rate of 7% per annum.

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Visitors from Singapore top spenders in Malaysia: Visa survey

KUALA LUMPUR: Visitors from Singapore were the top spenders in Malaysia in 2012, forking out US$291.4mil (RM951.42mil) followed by Australia and United Kingdom (UK), according to a Visa survey.

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Fitch welcomes fuel subsidy cut, warns more is needed

Fitch Ratings welcomed the Malaysian Government’s move cut back on fuel subsidy and rein in import-intensive projects but warned that more needed to be done to address the country’s deteriorating public finances.

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BIMB gets Bank Negara nod for Bank Islam acquisition

KUALA LUMPUR: BIMB Holdings Bhd has received Bank Negara Malaysia's (BNM) approval for the proposed acquisition of the remaining stake in Bank Islam but BNM could not consider its proposed Sukuk.

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Some changes in CIMB top brass

PETALING JAYA: Several key management personnel from the CIMB group's consumer banking segment have left the group, with the latest being Peter England, who is the bank's head of retail financial services, sources said.

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Goldman Sachs downgrades several Asean outlooks, including M'sia

PETALING JAYA: Several Asean economies' outlooks, including Malaysia's, have been downgraded by Goldman Sachs Group Inc, with economists citing the impact from a slowing Chinese economy as a reason for the gloomier forecast.

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AirAsia wants no further delays in opening of new low-cost terminal KLIA2

KUALA LUMPUR: Budget airline AirAsia Bhd wants no further delays in the opening of the new low-cost carrier terminal KLIA2.

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Astro launches 11 new channels, new packages

Astro Malaysia has launched 11 new channels - including Bahasa Malaysia, Chinese and Tamil - and also five new packages for this year as it gives the viewers more choices.

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Blue form route to AirAsia X IPO

PETALING JAYA: Malaysian AirAsia BIG loyalty cardholders who have travelled on AirAsia X Bhd (AAX) over the past two years can subscribe for the long-haul, low-cost carrier's initial public offering (IPO) shares using the blue form.

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TNB said to plan bid for Ireland's Bord Gais unit

dublin: Tenaga Nasional Bhd (TNB) is considering a bid for the retail and power generation unit of Irish state-owned gas company Bord Gais.

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Maxis for sale?

PETALING JAYA: Speculation that tycoon T Ananda Krishnan could be looking to sell his controlling stake in Kuala Lumpur-listed Maxis Bhd has surfaced, although not for the first time.

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No sign of VSS for Maxis now

PETALING JAYA: A voluntary separation scheme (VSS) to reduce its bloated workforce of 3,500 employees is not on the cards at Maxis Bhd, for now.

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PUBLIC MUTUAL ISYTIHAR PENGAGIHAN RM106 JUTA BAGI 8 DANA

KUALA LUMPUR, 30 Nov (Bernama)-- Public Mutual Bhd, sebuah anak syarikatmilik penuh Public Bank, mengisytiharkan pengagihan pendapatan berjumlah lebih RM106 juta bagi lapan daripada dananya.Pengagihan kasar itu diisytiharkan bagi tahun kewangan berakhir 30 Nov,2012, kata syarikat amanah saham terbesar di Malaysia itu dalam satu kenyataanhari ini. Pengagihan kasar seunit bagi lapan dana itu ...

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Public Mutual unveils six PRS funds

KUALA LUMPUR: Public Bank Bhd ’s wholly-owned unit, Public Mutual Bhd , has launched six private retirement scheme (PRS) funds comprising conventional and syariah -based series to help individuals accumulate savings for retirement.

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The EPF may buy some SP Setia placement shares but not Sime Darby

SHAH ALAM (Nov 23): The Employees Provident Fund Board (EPF) may be among institutional investors to take up SP Setia Bhd placement shares but not Sime Darby Bhd. “The EPF may buy more shar

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