My Sinchew/ Business

Lufthansa studying AirAsia model for its LCC

AirAsia is among the airlines that Lufthansa hopes to model its planned low-cost carrier (LCC) after, as it seeks to expand into new regions and add destinations to an extensive network.

ECB to unveil details of QE program, discuss Greece

The European Central Bank will unveil the details of the bond purchase programme it is embarking on later this month at its next meeting, but is unlikely to announce any new policy measures, analysts said.

Ringgit likely to trade within tight range

The ringgit is likely to see range-bound trading next with the currency moving between 3.59 and 3.60 against the US dollar in the absence of fresh leads and lack of appetite.

Local shares to trend higher next week

The FTSE Bursa Malaysia KLCI (FBM KLCI), being the key benchmark for Bursa Malaysia, is likely to trend higher towards the 1,850 points resistance level next week.

TM's financial results support A3 rating with positive outlook: Moody's

Moody's Investors Service says that Telekom Malaysia Bhd's (TM) financial year 2014 results support the company's A3 ratings and positive outlook.

Penang's investments double

Penang recorded investments worth RM8.2 billion last year, a 109 per cent increase over the 2013's volume, Chief Minister Lim Guan Eng said.

Jan domestic PPI eases 0.4%

Malaysia's domestic Producer Price Index (PPI) for January 2015 eased 0.4 per cent to 104.9 from 105.3 in December 2014, the Statistics Department said today.

Telekom registers higher pre-tax profit

Telekom Malaysia Bhd (TM) posted a higher pre-tax profit of RM1.10 billion for the financial year ended Dec 31, 2014 compared with RM1.04 billion in 2013 amid challenging environment.

Record direct investments for 2014

Malaysia saw an impressive level of investments in 2014 with new approved direct investments reaching RM235.9 billion from RM219.4 billion in 2013. This constitutes approved investments in the manufacturing, services and primary sectors.

Malaysia eyes RM56bn investments in manufacturing sector

Malaysia aims to attract investments worth RM56 billion in the manufacturing sector in 2015, a modest target compared with the RM71.9 billion it received last year.