Business

Malaysian Plcs among Asean top scorers in corporate governance
Wednesday, June 18, 2014

KUALA LUMPUR, June 18 -- 2014: Malaysian public listed companies (Plcs) continue to rank amongst the top scorers in the Asean Corporate Governance Scorecard Country Report and Assessments 2013-2014 released by the Asean Capital Markets Forum (ACMF) today.
 
In the report, 529 Plcs from six countries -- Malaysia, Singapore, Thailand, Indonesia, the Philippines...

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Cambodian worker exodus triggers Thai economy fears
Wednesday, June 18, 2014

BANGKOK, June 18 -- 2014: The dramatic departure of nearly 190,000 Cambodian migrant workers from Thailand threatens to hit labour-intensive industries from seafood to construction, damaging the Thai economy just as it teeters on the verge of recession.
 
Panicked labourers -- who help keep major Thai businesses afloat but often lack official work permits --...

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New MD looking to unlock MAHB potential
Wednesday, June 18, 2014

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) has lots more business opportunities to be explored in the country and globally, and that would be one of the immediate agendas on the table for incoming MD Datuk Badlisham Ghazali.He said MAHB are like the pyramids in Egypt, "which looked small from far but triggered amazing achievements for the region."...

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Proton revamp 'to win back Malaysian buyers'
Wednesday, June 18, 2014

KUALA LUMPUR: Proton Holding Bhd's new chairman Tun Dr Mahathir Mohamad says there will be changes at the national car company to regain its place as Malaysia's premier auto company.
Dr Mahathir, whose return as chairman represents a full circle in his connection with the company that he initiated as prime minister in 1983, said Proton will undergo a transformation to bring the brand back to its leading position in the domestic market....

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Malaysia's future talents pick Petronas & Google as top choice
Tuesday, June 17, 2014

SINGAPORE, June 17 -- 2014: Malaysians studying business, engineering, natural sciences and law picked Petronas as their Top 1 IDEAL Employer this year, while Google claimed the hearts of those doing humanities and IT.
 
Set out to track career aspirations and preferences of future talent pools, the Malaysia Top 100 IDEAL Employers student survey by Universum also recognises the most coveted employers based solely on responses gathered....

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Iskandar sets RM25b investment goal for 2014
Tuesday, June 17, 2014

KUALA LUMPUR: Iskandar Malaysia, foreseeing brighter investment prospects, has set an ambitious goal for the southern economic corridor to rake in RM25 billion in investments in 2014, thanks to the continued vibrancy of the domestic economy.
 
Iskandar Regional Development Authority (IRDA) CEO Datuk Ismail Ibrahim said for the first three months of 2014, Iskandar welcomed RM4 billion worth of investments....

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Selangor to sort out PNSB, Syabas, Abbas takeover
Tuesday, June 17, 2014

KUALA LUMPUR: The Selangor state government will concentrate on sorting out the three water firms -  Puncak Niaga Sdn Bhd (PNSB), Syarikat Bekalan Air Bhd (Syabas) and Konsortium Abbas Sdn Bhd - that have agreed to the state's proposed water asset takeover by this week, said Mentri Besar (MB) Tan Sri Abdul Khalid Ibrahim.
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Prasarana to operate first MRT line
Monday, June 16, 2014

KUALA LUMPUR, 16 June - 2014: The government today decided that Syarikat Prasarana Negara (Prasarana) will be the operator of Mass Rapid Transit (MRT) Sungai Buloh-Kajang Line 1.
 
In a statement the Ministry of Finance said MRT Transit Corp Sdn. Bhd. (MRT Corp) is the owner and developer of the line.
 
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MASEU: Sell MAS to capable individuals
Monday, June 16, 2014

KUALA LUMPUR: The Malaysia Airline System Employees Union (MASEU) says it will agree to the privatisation of the national carrier if that is what it takes to save it.
 
Maseu Executive Secretary Mohd Jabbarullah Abd Kadir said the union believes that privatisation of MAS would be the last resort for the airline as all other avenues, including a government bail-out are being discounted....

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Russia warns Europe of possible gas disruptions over Ukraine
Monday, June 16, 2014

MOSCOW, June 16 - 2014: Russia warned Europe today of possible supply disruptions if Ukraine siphons off gas destined for the West, as it said it was seeking to recover $4.5 billion from Kiev in an arbitration court.
 
The state-controlled giant Gazprom took a step today toward cutting Ukraine's gas supply by requiring it to pay for the commodity ahead of time following the breakdown of talks....

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