Business - The Malaysian Insider

Bursa to continue upward momentum next week

Bursa Malaysia is expected to continue its upward momentum next week, mostly driven by the further strengthening of crude oil prices. Affin Hwang Investment Bank vice-president and retail...

In first, China sets cap for energy consumption

China aims to keep energy consumption within 5 billion tonnes of standard coal equivalent by 2020, it said in its latest five-year plan published on Saturday, marking the first time the world's...

IMF to identify holdings of China’s yuan from October

The International Monetary Fund said on Friday it would separately identify China's yuan currency in its official foreign exchange reserves database starting October 1, a move prompted by the...

IMF’s Lagarde says subsidy cuts could help tackle climate change

Turning the tide on global warming should be tackled by big and small steps that range from cutting subsidies to riding bicycles, International Monetary Fund managing director Christine Lagarde...

Dunkin’ Donuts to target Starbucks customers after loyalty scheme shake-up

Dunkin' Donuts is on a drive to win customers from Starbucks after the rival coffee and snacks chain changed its loyalty scheme to favour higher spending customers over frequent buyers. Nigel...

Hibiscus says co-shareholder claims ‘unsupported’

Hibiscus Petroleum Bhd has asserted that a co-shareholder in Lime Petroleum Plc, Singapore-listed Rex International Holding Ltd, has continued making only "bare, unsupported assertions and...

MAS says passenger capacity revenue up 10%

Malaysia Airlines said today its revenue per available seat kilometre, a measure of passenger capacity, improved by 10% year-on-year for the quarter ended February, as the airline's restructuring...

Bumi Armada gets termination notice for its storage, offloading unit

Bumi Armada Bhd's wholly-owned subsidiary Armada Bainaves Pte Ltd has received a notice of termination for the charter of Armada Claire floating, production, storage and offloading (FPSO) unit...

Tokyo rubber surges to 3-month high on growing risk appetite

Benchmark Tokyo rubber futures surged to a 3-month high on Friday as risk appetite grew on the back of a recovery in commodity prices and strong price momentum, helping it mark its biggest weekly...

Securities Commission appoints new deputy chief executive effective April 1

The Securities Commission Malaysia (SC) has appointed Ahmad Fairuz Zainol Abidin as deputy chief executive effective April 1, 2016. In a statement today, SC said Ahmad Fairuz would replace...

Tourism Malaysia to woo more Cambodian tourists in roadshows

Some 75,000 Cambodian tourists visited Malaysia last year, a spike of about 1.6% in their arrival during the same period in 2014. Nevertheless, Tourism Malaysia Promotion Board deputy...

KLCI rises as Bursa small caps see profit taking

The FBM KLCI rose 4.29 points or 0.3% with Asian share market and crude oil price gains. At 5pm, the KLCI closed at 1,692.49 points. Across Asia, Japan's Nikkei 225 closed up 0.32%, while Hong...

Ringgit ends higher against dollar

The ringgit closed higher against the US dollar today, prompted by the better performance of emerging Asian equity markets and improving crude oil prices, dealers said. At 5pm, the local unit...

Palm oil gains tracking competing vegetable oils

Malaysian palm oil futures rose today tracking competing vegetable oils and was poised to gain for a second consecutive day, although upsides were seen capped by a stronger ringgit. The palm...

Gold holds near 13-month high ahead of US jobs data

Gold edged lower on Friday, but was not far off a 13-month peak reached in the prior session when a weaker dollar and technical buying gave bullion its best day in two weeks. Investors are...

Risda to step up marketing of latex, scrap rubber

The Rubber Industries Smallholders Development Authority (Risda) is stepping up marketing of latex and scrap rubber. Its chairman Datuk Zahidi Zainul Abidin said the move was being taken to...

Kuwait refines oil pricing in battle for European customers

Gulf Opec member Kuwait has changed the way it prices oil for Europe, trading sources said, in a rare tactical move aimed at making its crude more competitive as the battle for customers between...

FBM KLCI higher on buying support in finance counters

Persistent buying support in selected finance counters lifted the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) to end the morning session on a bullish note. At 12.30pm, the barometer index...

AirAsia posts 4QFY15 net profit of RM554 million

AirAsia reported 4QFY15 revenue jumped to RM2.2 billion on the back of revenue per available seat kilometre (RASK) surging 39.7% y-o-y to 22.29 sen. Average passenger fare increased by 3.5%...

Inari rises 2.12% on getting approval for RM100 million matching grant

Shares of Inari Amertron Bhd rose 2.12% at mid-morning today after its wholly-owned subsidiary Inari Integrated System Sdn Bhd (IISB) has received a letter of approval from the Malaysian...