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  • KL shares open easier on low buying interest

    March 25, 2014 3:20 AM 11

    Bursa Malaysia takes its cue from Wall Street down. — Reuters file picKUALA LUMPUR, March 25 — The FTSE Bursa Malaysia KLCI (FBM KLCI) on Bursa Malaysia retreated from gains yesterday to open easier this morning on low buying interest. At 9.06am, the benchmark index stood at 1,828.07, down 5.78 points, after opening 6.99 points lower at 1,826.86, with losses

  • MH370: Wives and kin of pilot and co-pilot among those questioned by police

    March 25, 2014 1:55 AM 35

    MH370: Wives and kin of pilot and co-pilot among those questioned by police KUALA LUMPUR - Police have so far interviewed more than 100 people in their investigations into the disappearance of Malaysia Airlines Flight MH370. Acting Transport Minsiter Datuk Seri Hishammuddin Tun Hussein said those interviewed included the wives and family members of pilot

  • MH370 lost in Indian Ocean, Malaysian PM announces

    March 25, 2014 1:25 AM 15

    "This evening I was briefed by representatives from the UK Air Accidents Investigation Branch -- or AAIB. They informed me that Inmarsat, the UK company that provided the satellite data which indicated the northern and southern corridors, has been performing further calculations on the data. Using a type of analysis never before used in an investigation

  • P&O buys land in Miami

    March 25, 2014 12:29 AM 20

    PETALING JAYA: Pacific & Orient Bhd is buying a 1.3ha freehold land in Miami, USA as investment from Bianca Investments, LLC for US$7.418 million (RM24.48 million). The land located in Miami-Dade County is zoned for mix of residential and commercial development.

  • Kian Joo accepts Aspire offer - Business News

    March 24, 2014 10:46 PM 57

    PETALING JAYA: Kian Joo Can Factory Bhd has accepted Aspire Insight Sdn Bhd’s offer to acquire all of Kian Joo’s assets and liabilities for RM1.47bil cash, or RM3.30 per share, according to a Bursa Malaysia filing. The group said it has entered into a conditional business, properties and the assets sale agreements for the proposed disposal. Kian Joo shareholders

  • PNB denies receiving proposal from Syed Mokhtar

    March 24, 2014 9:47 PM 27

    KUALA LUMPUR: Permodalan Nasional Bhd (PNB) president and CEO Tan Sri Hamad Kama Piah Che Othman has denied receiving an unsolicited proposal from Tan Sri Syed Mokhtar Albukhary for a substantial stake in SP Setia Bhd. "I have not received anything, so I cannot comment on that," Hamad told reporters at Amanah Saham Nasional Bhd's (ASNB) announcement

  • SapuraKencana net profit up 172%

    March 24, 2014 9:47 PM 64

    PETALING JAYA: SapuraKencana Petroleum Bhd, saw its net profit jump almost tripled to RM337.23 million in the fourth quarter of financial year ended Jan31, 2014 (Q4 FY14), up from RM123.89 million a year ago, thanks to contributions from its newly-acquired tender rig business from Norway's Seadrill last year. Revenue fell by 3.7% to RM1.88 billion in Q4 FY14, from RM1.96 billion

  • Malaysia Airlines jet forced into emergency landing as generator fails mid-flight

    March 24, 2014 6:17 PM 27

    HONG KONG — A Malaysia Airlines flight from Kuala Lumpur to Seoul made an emergency landing in Hong Kong after a generator failed. Hong Kong’s airport says firefighters were put on standby for the arrival of the Airbus A330-300, which landed without incident just before 3 a.m. on Monday. Malaysia Airlines says in a statement that flight MH066 was diverted

  • Dear Everyone: Stop Freaking Out That Malaysian Airlines Notified Victim's Families By Text Message

    March 24, 2014 6:17 PM 21

    Text messages are now used for many, many things. Such as laying off employees, mistakenly locking down schools, and going all George Orwell on local protests. As with most recent trends in technology, there are the detractors, decrying a loss of personal communication in favor of these heartless words that ding our smart phones. Never mind how useful

  • French satellite images of possible plane debris being probed

    March 24, 2014 5:24 PM 19

    The pallet along with belts or straps was spotted by one of the Australian aircraft deployed to hunt for the Beijing-bound Flight MH370 that disappeared from radar screen, one hour after taking off from Kuala Lumpur. "This morning, Malaysia received new satellite images from the French authorities showing potential objects in the vicinity of the southern