Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Business

All category news

  • Coal rush ravages Indonesian Borneo

    December 4, 2013 9:55 AM 37

    Samarinda (Indonesia) (AFP) - Barges loaded with mountains of coal glide down the polluted Mahakam River on Indonesian Borneo every few minutes. Viewed from above, they form a dotted black line as far as the eye can see, destined for power stations in China and India. A coal rush that has drawn international miners to East Kalimantan province has ravaged

  • Khairy: TNB will profit from electricity tariff hike

    December 4, 2013 9:21 AM 24

    KUALA LUMPUR (Dec 4, 2013): Umno Youth chief Khairy Jamaluddin (pix) took a swipe at Tenaga Nasional Bhd (TNB) for hiking electricity tariffs. Khairy, who is also the Youth and Sports Minister said the increase in tariffs is only to "pad up" profit for the utility company, which is more concerned with its shareholders instead of the people. During his policy

  • Power tariff hike will hurt small business owners | Malaysia | The Malay Mail Online

    December 4, 2013 5:31 AM 23

    Lim Guan Eng voiced concern for small- and medium-entreprises that have to struggled to remain cost-competitive. — Picture by K.E. OoiGEORGE TOWN, Dec 4 — Despite an assurance from central bank governor, DAP’s Lim Guan Eng forecasts the looming nationwide hike in electricity tariffs will cut a hole in the pockets of small business owners struggling to keep their

  • Malaysia tribe end protest as mega-dam floods their homes

    December 3, 2013 1:46 PM 31

    About 100 Malaysian tribespeople were forced to end a three-month blockade of a dam after rising waters threatened to flood their homes in Borneo, activists said on Tuesday. KUALA LUMPUR: About 100 Malaysian tribespeople were forced to end a three-month blockade of a dam after rising waters threatened to flood their homes in Borneo, activists said on Tuesday

  • Malaysian shares hit record high on power tariff hike news

    December 3, 2013 6:17 AM 36

    KUALA LUMPUR: Malaysia's benchmark stock index hit a record high on Tuesday, driven by gains in state power firm Tenaga Nasional Bhd after the government said it would raise electricity tariff next year. The index, which was up 0.44 percent at 1,826.24 at 0155 GMT, outperformed MSCI's broadest index of Asia Pacific shares outside Japan that dropped 0.55 percent

  • THE BUSINESS TIMES

    December 2, 2013 10:01 AM 44

    [KUALA LUMPUR] Malaysia will do all it takes to move up in the next World Bank rankings for ease of doing business when it embarks on an ambitious plan to improve efficiency in dealing with construction permits. It is targeting a top-20 spot in terms of dealing with construction permits, Malaysia's Business Times reported. Although Malaysia has jumped

  • After PWD delays, East Coast Highway cost balloons by RM800m

    December 2, 2013 9:41 AM 26

    Vehicles drive on a highway in Kuala Lumpur, 20 April 2005. — AFP picKUALA LUMPUR, Dec 2 — Putrajaya was forced to spend an extra RM800 million to build the East Coast Highway largely due to delays by the Public Works’ Department (JKR)’s contractors, the 2012 Auditor-General’s (A-G) Report revealed today. According to the audit, JKR had performed poorly

  • Federal Government’;s 2012 revenue rises 12.1% to RM207.913 billion

    December 2, 2013 5:55 AM 36

    The Auditor General in a statement today said tax revenue, non-tax revenue and non-revenue receipts also showed an increase compared with 2011. Details are from the Auditor General's Report on the Financial Statements and Financial Management for 2012. The third series of the 2012 Auditor General's Report on the Financial Statements and Financial

  • The way forward for the middle class is increasing incomes and cutting living costs - Business News

    December 1, 2013 10:46 PM 30

    I HAD a conversation with a friend who said: “Idris, you are missing the point with what you are saying about how transformation will benefit the middle class when the middle class concerns are rising cost of living, quality public education and high cost of properties.” That robust and somewhat heated conversation inspired this article and I hope to explain

  • Thousands of trucks block French roads in fresh ecotax demo

    November 30, 2013 8:17 PM 36

    Thousands of trucks blocked motorways across France on Saturday (Shenzhen: 002291.SZ - news) for the second time in a month to protest at the government's controversial plans for a tax on heavy vehicles. The interior ministry estimated 2,200 trucks while organisers said 4,500 lined motorways, driving slowly and clogging up traffic into Paris and other