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September 5, 2018 7:51 AM EPF sees 7.64% increase in investment income in Q2

PETALING JAYA: The Employees Provident Fund (EPF) saw a 7.64% increase in total investment income to RM12.39 billion for the second quarter ended June 30, 2018 against RM11.51 billion in the previous corresponding period. In a statement released today, the pension fund's deputy CEO (Investment) Datuk Mohamad Nasir Ab Latif said the trading environment 124

August 29, 2018 11:53 AM Economic crime in Malaysia on the rise: PWC survey

KUALA LUMPUR: Economic crime in Malaysia has risen over the last two years, consistent with the global trend, according to PwC's Global Economic Crime and Fraud Survey 2018. Of the respondents, 41% experienced such crime compared with 28% in 2016, PwC said in a statement, adding that organisations were still not taking sufficient measures to protect 12

August 29, 2018 6:34 AM CIMB confident of achieving 6% loan growth for 2018

KUALA LUMPUR: CIMB Group Holdings Bhd is on track to meet its loan growth target of 6% for this year with the stronger performance expected for the second half of the year, said group CEO Tengku Datuk Seri Zafrul Aziz. Its loan growth for the first half of the year stood at 3.4%, dragged down by the weakening of rupiah in Indonesia. CIMB posted a record 14

August 28, 2018 4:59 AM First (political) “assassination” blow against Rafizi Ramli

Years back, I did wonder whether Rafizi Ramli has too manymusuh dalam selimut in PKR. Yes, Rafizi does have his bullshit element (which most politicians have), but nonetheless, he is not only an important PKR asset-leader but potentially a future PM of a Pakatan government, say in about 15 years time (in 3 parliamentary terms). Best of all, unlike others 23

August 23, 2018 11:11 AM Save, invest and win

In its aim to empower Bumiputeras, Pelaburan Hartanah Berhad (PHB) and Maybank Asset Management Sdn Bhd (MAM) launched an Amanah Hartanah Bumiputera (AHB) prize draw called “Simpan, Labur dan Menang”. The “luck” draw will see customers standing to win AHB units of up to RM400,000 in total. PHB group managing director and CEO Datuk Kamalul Arifin Othman 54

August 14, 2018 3:39 PM AirAsia sells remaining 25% share of joint venture with Expedia for US$60m

PETALING JAYA: AirAsia Group Bhd has divested its remaining 25% stake in its joint venture (JV) company AAE Travel Pte Ltd for US$60 million (RM240 million) to the 75% stakeholder, Expedia Inc's Expedia Southeast Asia Pte Ltd, in a bid to monetise its investment and utilise the proceeds as working capital. The group announced in a bourse filing yesterday 54

August 14, 2018 3:39 PM YTL Hospitality REIT acquiring Hokkaido ski resort for RM222.5m cash

PETALING JAYA: YTL Hospitality REIT (YTL REIT) is acquiring The Green Leaf Niseko Village for ¥6 billion cash (RM222.5 million) from Niseko Village KK (Niseko Village), an indirect wholly owned subsidiary of YTL Corp Bhd. In a filing with Bursa Malaysia today, YTL REIT said its wholly owned subsidiary Starhill REIT Niseko GK (Starhill Niseko) has entered 15

August 14, 2018 10:49 AM Najib's claims about Malacca Gateway untrue, says CM

MALACCA: Chief Minister Adly Zahari has dismissed as untrue former Prime Minister Datuk Seri Najib Abdul Razak's allegation that the Malacca Gateway project is being implemented without any changes. Adly said that after taking over the state government, the Pakatan Harapan administration has introduced improvements to the project so that it becomes a catalyst 14

August 6, 2018 2:05 AM Khazanah’s ‘big and heavy’ trove

ESTABLISHED in 1993, Khazanah began its operation a year later after assuming a custodial role in managing the government's commercial assets as well as investing in strategic and high-technology sectors. Over the years, the fund has been investing in the key areas such as aviation, automotive, healthcare and banking. The year 2004 marked its strategic 10

August 3, 2018 5:26 AM KUB plans to dispose of A&W PJ land

KLANG: KUB Malaysia Bhd's plan to dispose of its fast-food chain business, A&W Malaysia Sdn Bhd will be completed by month-end, and the diversified group is also likely to sell the 0.42 ha plot of land of its iconic A&W outlet in Petaling Jaya. KUB President and Managing Director Datuk Abdul Rahim Mohd Zin said the group constantly reviews its asset 14