Business

What now for RHB and AmBank?

Based on the market’s reaction so far, investors do not seem too hung up on the failed merger proposed between RHB Bank Bhd and AMMB Holdings Bhd (AmBank).

Battersea Power Station adds 40K sq ft of office space

LONDON: Battersea Power Station has made available 40,000 sq ft of office space in the centre of the iconic building, in addition to the 500,000 sq ft already pre-let last September.

Petronas weighing options to develop, monetise gas resources in Canada

KUALA LUMPUR: National oil company, Petroliam Nasional Bhd (Petronas), is weighing the options to develop and monetise its gas resources in Canada after shelving the plan for a multi-billion dollar liquefied natural gas (LNG) project in British Columbia.

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Malaysian consumer confidence at highest since 2015

KUALA LUMPUR: Malaysian consumer confidence showed signs of resilience in the second quarter of 2017 with an index score of 94 percentage points (pp), up 7 points from Q2 2016, according to Nielsen's latest global survey of consumer confidence and spending.

23 August 2017 | 4:20PM |

Economy

ine of the 21 state-run banks reported a net loss for the last financial year ended March. - Reuters pic

India to speed up state bank mergers

NEW DELHI/MUMBAI: India approved a proposal on Wednesday to set up a ministerial panel to speed up consolidation of state-run banks as part of its efforts to revive credit and economic growth.

23 August 2017 | 9:01PM |

Foreign News

Lim says Malaysian manufacturing companies are expected to do well in the final six months of 2017.

Manufacturing sector expected to improve in second half

KUALA LUMPUR: Business conditions for the manufacturing sector in Malaysia are expected to improve in the second half of 2017, according to a survey conducted by the Federation of Malaysian Manufacturers (FMM) and the Malaysian Institute of Economic Research (MIER).

23 August 2017 | 8:51PM |

Economy

RHB Bank rebound, Petronas Gas unable to shore up KLCI

KUALA LUMPUR: Blue chips ended Wednesday in the red despite a rebound in RHB Bank shares and gains by Petronas Gas as the market turned bearish in late trade depsite the firmer ringgit against various key currencies.

23 August 2017 | 6:37PM |

Banking

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