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  • Nazir Razak wins CEO of the year award

    December 17, 2013 4:04 AM 40

    File photo shows CIMB Group CEO Datuk Nazir Razak speaking during an interview with Reuters at his office in Kuala Lumpur February 7, 2013. The Minority Shareholder Watchdog Group (MSWG) named Nazir its CEO of the year 2013.– Reuters picKUALA LUMPUR, Dec 17 — At the recent Malaysia-Asean Corporate Governance Index Awards 2013, Datuk Nazir Razak, Group

  • Toll hike for 15 major expressways in Malaysia between 50 sen and RM2

    December 17, 2013 3:56 AM 49

    KUALA LUMPUR - The toll rates for 15 major highways are expected to increase next year. Although the exact amount has yet to be determined, the increase could range between 50 sen and RM2, said Works Minister Datuk Fadillah Yusof. He added that the toll concession agreements between the government and highway concessionaires were due for a review and operators

  • Lower rates as CSR, Umno Youth tells highway, utility companies

    December 16, 2013 2:22 PM 49

    Umno Youth deputy chief Khairul Azwan Harun urged Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid to ‘be reasonable’ in the latter’s defence of raising toll rates. — Picture by Saw Siow FengKUALA LUMPUR, Dec 16 — Profit-making highway concessionaires should reduce their toll rates as part of their corporate social responsibility (CSR)

  • Others races not sidelined, better job opportunities for them than Malays, says minister

    December 16, 2013 1:54 PM 43

    Malaysian youths wave national flags during National Day celebrations marking the 56th anniversary of the country’s independence in Kuala Lumpur August 31, 2013. — Reuters picKUALA LUMPUR, Dec 16 — The other races in the country are not being sidelined as statistics show that they have better opportunities for employment in the public and private sectors

  • At ETP milestone, PM says on track for developed nation target

    December 16, 2013 8:51 AM 36

    Najib in particular held up the nearly 20 per cent increase in Malaysia’s gross domestic product (GDP) that rose to RM751.5 billion in 2012 from RM676.7 billion in 2010. — AFP picPUTRAJAYA, Dec 16 ― Prime Minister Datuk Seri Najib Razak today assured Malaysia it was on target to become a developed nation by 2020, as he presented a rosy year-end report

  • High-end restaurants trading ceremony for individuality

    December 16, 2013 1:52 AM 54

    Spain's El Celler de Can Roca restaurant is on S. Pellegrino World's 50 Best Restaurants list. — AFP pixLONDON, Dec 15 — As the editor-in-chief of Restaurant Magazine, William Drew knows what makes a dining establishment unique enough to be nominated for the World’s 50 Best Restaurants Awards, the annual competition organised by the magazine. In an interview

  • Dow loses 265 points for the week

    December 14, 2013 9:55 AM 36

    Markets are gripped by fears that the Fed could soon begin easing its bond buys. The stock market closed out its worst week since August, but selling pressure was light and many on Wall Street think share prices could be readying for another advance. Despite a modest gain Friday, the Dow Jones industrial average slid 265 points, or 1.7%, for the week. It's down 2.1% from its late-November

  • KL, S'gor water cuts to affect 1 MILLION: Cannot be avoided - Syabas

    December 13, 2013 10:16 AM 125

    KUALA LUMPUR -Syarikat Bekalan Air Selangor (Syabas) has maintained that the looming water cut in Selangor and KL is necessary to ensure that its Sungai Selangor Phase 2 water treatment plant operates smoothly. Among the works that will be done include upgrading of switch board, repair of pipeline and replacement of sluice valves were some of the assets

  • Market Close: KLCI rises 0.35%, oblivious to Fed tapering anxiety

    December 13, 2013 10:10 AM 55

    KUALA LUMPUR (Dec 13): The FBM KLCI rose to 1840.35, hovering near its previous record close, as the market temporarily brushed aside concerns over the Fed stimulus tapering and concentrated on window-dressing before year-end. Alliance Research has opined that the global markets had overacted to quantitative easing, which it does not think will take place

  • Maybank nominates new chief exec for investment bank

    December 13, 2013 8:01 AM 40

    Malayan Banking Bhd has proposed John Chong, deputy CEO of Maybank Investment Bank, as the new chief executive for its investment bank, replacing Tengku Datuk Zafrul Tengku Abdul Aziz, reported The Star. On his nomination, a Maybank spokesperson was quoted as saying: "Any corporate announcement from Maybank, including CEO appointments, are made at the appropriate