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  • Corporate, Featured and Exclusive  |  AUGUST 28, 2015 11:18PM

    FGV denies WSJ’s report on human rights abuses

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    Felda Global Ventures Holdings Bhd (FGV) has investigated thoroughly allegations of human rights abuses raised by the Wall Street Journal (WSJ) and clarified that it does not employ illegal immigrants. In a statement, it said a special taskforce was assembled and …

     
  • Corporate  |  AUGUST 28, 2015 8:54PM

    Astral unit secures RM38.5 mil Tawau project

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    Astral Supreme Bhd’s subsidiary Astral Supreme Construction Sdn Bhd secures a RM38.5 million sub-contract works from Wira Syukur (M) Sdn Bhd for a national housing project in Tawau, Sabah. In a filing to Bursa Malaysia today, Astral Supreme said the project will be …

     
  • Corporate  |  AUGUST 28, 2015 8:50PM

    Muhibbah’s 2Q pre-tax profit drops to RM37.34 mil

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    Muhibbah Engineering (M) Bhd’s pre-tax profit for the second quarter ended June 30, 2015 decreased to RM37.34 million from RM44.6 million in the same period last year. Revenue fell to RM410.34 million from RM466.14 million a year earlier, it said in a filing …

     
  • Corporate  |  AUGUST 28, 2015 8:45PM

    Syabas takeover won’t affect staff, says CEO

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    Syabas chief executive officer Ruslan Hassan said following discussions with Pengurusan Air Selangor Sdn Bhd (Air Selangor), both parties have agreed that Syabas staff would not be affected when the acquisition of Syabas by the Selangor state government is completed. “They will remain …

     
  • Corporate  |  AUGUST 28, 2015 8:31PM

    OSK posts lower pre-tax profit of RM50.83 mil in 2Q

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    OSK Holdings Bhd’s pre-tax profit for the second quarter ended June 30, 2015 fell to RM50.83 million from RM56.57 million in the same quarter a year ago. Revenue dropped to RM13.78 million from RM14.77 million, it said in a filing to Bursa Malaysia …

     
  • Corporate  |  AUGUST 28, 2015 8:28PM

    KUB may review Iskandar rail project soon, says Masteel

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    KUB Malaysia Bhd is expected to review the rail transit network project at the Iskandar Development Region in Johor. In a filing to Bursa Malaysia today, Malaysia Steel Works (KL) Bhd (Masteel) said KUB had announced the appointment of a new managing …

     
  • Corporate  |  AUGUST 28, 2015 8:24PM

    UEM Edgenta posts higher 2Q PBT of RM101.35 mil

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    UEM Edgenta Bhd’s pre-tax profit for the second quarter ended June 30, 2015 rose to RM101.35 million from RM70.76 million in the corresponding quarter last year. Revenue for the second quarter rose to RM794.5 million from RM749.25 million recorded in …

     
  • Corporate  |  AUGUST 28, 2015 8:16PM

    KNM unit secure RM268.38 mil contract

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    KNM Group Bhd’s unit KNM Process Systems Sdn Bhd has received a letter of award from Cypark Sdn Bhd to undertake waste management project worth RM268.38 million at Ladang Tanah Merah, Negeri Sembilan. KNM Process secured the project via SHK Consortium, which was …

     
  • Corporate, Featured and Exclusive  |  AUGUST 28, 2015 8:09PM

    IHH to buy ‘game-changer’ Global Hospitals

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    Premium healthcare services provider IHH Healthcare Bhd announces that it has signed definitive agreements to acquire a 73.4% stake in the India-based Ravindranath GE Medical Associates Pte Ltd (Global Hospitals) for 12.84 bil rupees (RM819 mil), via its wholly-owned subsidiary …

     
  • Corporate, Featured and Exclusive  |  AUGUST 28, 2015 7:59PM

    CIMB expects better 2H results

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    CIMB Group Holdings Bhd expects a better second half group earnings performance, given that its provision levels have peaked in the first half of this year, a company official says. “We expect the second half to be better in terms …

     
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