Business

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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MAS needs radical ​t​op​-​to​-​bottom​ revamp
Monday, June 16, 2014

KUALA LUMPUR: Malaysian Airline System Bhd (MAS) should be privatised to Malaysians who have experience in the aviation business and who can work with the national carrier ' s powerful unions, says former Prime Minister Tun Dr Mahathir Mohamad.
 
Dr Mahathir said of all the options open to bring the airline back into profitability, privatisation would offer the best chance at the...

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Veteran MP fires at MAS unions
Monday, June 16, 2014

KUALA LUMPUR, June 15 - 2014: Dr. Tan Seng Giaw, one of the country's longest-serving MPs, has criticised unions connected to Malaysia Airlines (MAS) for obstructing efforts to turn around the airline with their unreasonable demands and threats.
 
Tan pointed out that the MAS saga had been going on for far too long, for well over 40 years, with the unions getting stronger to the detriment of the ailing carrier itself....

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MAS retires Boeing 737-400 from its fleet
Sunday, June 15, 2014

SEPANG : Malaysia Airlines retired the Boeing 737-400 passenger aircraft from its fleet, 22 years after it entered the carrier's service in 1992.
 
The last series 737-400 had touched down in Kuala Lumpur International Airport (KLIA) yesterday night after taking off from the Bayan Lepas airport in Penang.
 
It carried ninety-nine passengers and was served by eight cabin crews....

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