STORIES TAGGED WITH

  • Corporate  |  APRIL 23, 2014 11:03 PM

    TAS Offshore records higher pre-tax profit in 3Q14

    Story by
    www.bernama.com

    TAS Offshore Bhd’s pre-tax profit doubled to RM12.28 million in its third quarter ended Feb 28, 2014, from RM6.11 million in the same period last year. Revenue jumped to RM114.29 million in the quarter versus RM41.12 million previously, attributed to …

     
  • Corporate  |  APRIL 23, 2014 10:18 PM

    IHH clinches business license in China

    Story by
    www.bernama.com

    IHH Healthcare Bhd’s indirect wholly-owned subsidiary, Parkway (Shanghai) Hospital Management Ltd, has received a business licence from the Chinese authorities to establish a reinvestment clinic. IHH Healthcare said the approval was received from Suzhou New District (Hu Qiu) Administration of …

     
  • World Biz  |  APRIL 23, 2014 10:07 PM

    Delta Air Lines posts higher first quarter profit

    Story by
    www.reuters.com

    Delta Air Lines on Wednesday reported a higher-than-expected first quarter profit as revenue rose and it benefited from lower fuel and maintenance costs. Net income was US$213 million, or 25 cents a share, up from US$7 million, or one cent …

     
  • World Biz  |  APRIL 23, 2014 9:17 PM

    Boeing”s quarterly revenue rises 8%

    Story by
    www.reuters.com

    Boeing Co reported an 8% increase in quarterly revenue, helped by a rise in commercial aircraft deliveries. Revenue rose to US$20.47 billion for the first quarter ended March 31 from US$18.89 billion a year earlier. Commercial aircraft deliveries rose 18% …

     
  • Issues  |  APRIL 23, 2014 9:00 PM

    ‘Khalid failed Selangor in water deal’

    Story by
    [email protected]

    Syarikat Pengeluar Air Selangor (Splash), one of the major players in the water saga, have come out swinging against the federal takeover of the state’s water assets via section 114 of WSIA (Water Services Industry Act). KiniBiz talks to Splash chairman Wan Azmi Wan Hamzah who thinks Khalid

     
  • World Biz  |  APRIL 23, 2014 8:53 PM

    Ericsson’s 1Q profit rises, revenue posts sharp fall

    Story by
    www.dpa.com

    Swedish telecommunications equipment maker Ericsson on Wednesday reported net profit of 1.7 billion kronor (US$258 million) in the first quarter, up 41% year-on-year. However, its net sales dropped 9 per cent year-on-year to 47.5 billion kronor. This was mainly due …

     
  • Corporate  |  APRIL 23, 2014 8:37 PM

    Berjaya Assets disposes of 14.6 mil ordinary shares in its unit

    Story by
    www.bernama.com

    Berjaya Assets Bhd’s unit Sublime Cartel Sdn Bhd has disposed of a total of 14.60 million ordinary shares of RM0.50 each in Berjaya Land Bhd. The exercise was done via a direct business transaction for a total cash consideration of …

     
  • Economy  |  APRIL 23, 2014 8:29 PM

    Thailand likely to see new govt in Q3, economy faces slow growth

    Story by
    www.bernama.com

    Thailand needs a new government with full power to drive the country’s economy towards strong growth, but it is likely to achieve that only in the third quarter of this year, according to a prominent businessman. Isara Vongkusolkit, chairman of …

     
  • Commodities  |  APRIL 23, 2014 8:20 PM

    CPO futures closes lower

    Story by
    www.bernama.com

    Crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed lower today on profit taking activities triggered by the decline on the Chicago Board of Trade. “However, the ringgit’s fall against the US dollar and expectation of an increase in …

     
  • Corporate  |  APRIL 23, 2014 8:01 PM

    Bangkok-based Thai AirAsia X to fly to Seoul, Tokyo

    Story by
    [email protected]

    Bangkok-based unit budget airline AirAsia X will begin full-scale operations on June 17

     
  • Corporate & Finance  |  APRIL 23, 2014 7:57 PM

    Public Islamic Bank gets go-ahead for RM5 bil sukuk

    Story by
    [email protected]

    Public Islamic Bank will issue a sukuk murabahah programme of up to RM5 billion after receiving the necessary approvals from Bank Negara Malaysia and the Securities Commission.

     
  • Corporate & Featured and Exclusive  |  APRIL 23, 2014 7:43 PM

    Quek surfaces in Alam Maritim

    Story by
    [email protected]

    Tycoon Quek Leng Chan has emerged in offshore vessel provider Alam Maritim Resources one week after buying into a Singaporean-listed offshore vessel support player.

     
  • Corporate  |  APRIL 23, 2014 7:06 PM

    Cycle & Carriage Bintang back in black

    Story by
    [email protected]

    Cycle & Carriage Bintang Bhd recorded a 6% increase in revenue and a turnaround for profits before tax in 1Q14 as compared to 1Q13, with a profit before tax of RM2.583 million compared to the loss of RM527 thousand in …

     
  • Corporate  |  APRIL 23, 2014 6:58 PM

    ‘M’sia fortifying semiconductors, solar & LED ecosystems’

    Story by
    www.bernama.com

    Malaysia is focusing on strengthening three major ecosystems of semiconductors, solar and light-emitting diode (LED) in the electrical and electronics (E&E) industry, says the Malaysian Investment Development Authority (MIDA). “Semiconductors will continue to spearhead the growth of the E&E industry in the country, boosted …

     
  • Corporate  |  APRIL 23, 2014 6:45 PM

    RAM assigns AAA, AA1 ratings to Public Islamic Bank

    Story by
    www.bernama.com

    RAM Ratings has assigned AAA/Stable and AA1/Stable ratings to Public Islamic Bank Bhd’s senior sukuk and subordinated sukuk, proposed up to RM5 billion Sukuk Murabahah Programme. The rating agency also reaffirmed AAA/Stable/P1 ratings of the group’s financial institution ratings. The financial institution ratings …

     
  • Corporate  |  APRIL 23, 2014 6:43 PM

    Panasonic M’sia eyes 40% market share

    Story by
    www.bernama.com

    Panasonic Malaysia Sdn Bhd aims to increase its market share in the home appliance and air-conditioner segment this year to 40% from 22% at present. Managing director Yosuke Matsunaga said the higher target was driven by air-condition sales which had contributed 25% to …

     
  • Corporate  |  APRIL 23, 2014 6:25 PM

    Ministry: No grant given to ‘Najib-favoured’ firm

    Story by
    www.malaysiakini.com

    The Science, Technology and Innovation Ministry (Mosti) has denied a PKR leader’s allegation that it had given Pahang-based company NSE Resources Corporation a RM100 million grant for research and development purposes. At a press conference this afternoon, deputy minister Abu …

     
  • Markets  |  APRIL 23, 2014 6:08 PM

    RM closes higher on positive external sentiments

    Story by
    www.bernama.com

    The ringgit closed higher against the US dollar today on positive external sentiments, dealers said. At 5pm, the local note was quoted at 3.2645/2665 against the greenback from Tuesday’s 3.2655/2685 close. A dealer said China’s manufacturing report showed the index was 48.3 …

     
  • Economy  |  APRIL 23, 2014 6:03 PM

    Minimum wage order being reviewed for improvement

    Story by
    www.bernama.com

    The National Wages Consultative Council (NWCC) is in the process of reviewing the Minimum Wage Order 2012 towards  improved and effective implementation of the order for the private sector. Deputy human resources minister, Ismail Abdul Muttalib said as provided under the NWCC …

     
  • Corporate & Featured and Exclusive  |  APRIL 23, 2014 6:00 PM

    Alan Ong Tee Thong is new Perwaja, Kinsteel chairman

    Story by
    [email protected]

    Ong, a director of Maju Holdings, is set to replace Ravi Manchanda who resigned yesterday after just nine months at the post

     
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