STORIES TAGGED WITH

  • Corporate  |  AUGUST 29, 2014 9:24 PM

    Protasco pre-tax profit increases to RM29.18 mil

    Story by
    www.bernama.com

    Protasco Bhd’s pre-tax profit for the second quarter ended June 30, 2014 rose to RM29.19 million from RM24.05 million in the same period a year ago. Revenue increased to RM200.931 million from RM196.02 million previously, the company said in a …

     
  • Corporate  |  AUGUST 29, 2014 9:19 PM

    Petronas awards 13 major contracts for PIC project

    Story by
    www.bernama.com

    Petronas has further strenghtened the forward momentum for its Pengerang Integrated Complex (PIC) project in Johor by awarding 13 major contracts and three Letters of Award (LOA) to successful bidders, consists of local and international contractors. Petronas Executive Vice President …

     
  • Corporate  |  AUGUST 29, 2014 9:10 PM

    Achieving lower cost structure key to MAS recovery plan

    Story by
    www.bernama.com

    Achieving a significantly lower cost structure is a crucial antidote to ensure the success of Khazanah Nasional Bhd’s RM6 billion recovery plan for Malaysia Airlines (MAS) unveiled today. This entails MAS gravitating to a regional focus on destinations within the …

     
  • Issues  |  AUGUST 29, 2014 9:00 PM

    Are we getting enough bang for the buck?

    Story by
    [email protected]

    In this final part of the series, KiniBiz compares what we are getting and the costs with those of two neighbouring countries involving two deals to see where we stand.

     
  • Corporate  |  AUGUST 29, 2014 8:56 PM

    FGV, firms sign pacts to acquire, refurbish plant

    Story by
    www.bernama.com

    Felda Global Ventures Downstream Sdn Bhd (FGVD) has signed joint venture agreements with M2 Capital Sdn Bhd and Benefuel International Holdings S.A.R.L. to acquire and refurbish a plant in Kuantan, Pahang for RM151.6 million. In a statement today, Felda Global …

     
  • World Biz  |  AUGUST 29, 2014 8:48 PM

    Petrobras-led bond surge fueled by Rousseff slide

    Story by
    www.bloomberg.com

    Brazilian companies led by state- controlled oil producer Petroleo Brasileiro SA are posting their biggest monthly gains since February in the bond market as polls show President Dilma Rousseff will lose her re-election bid. Voter surveys this week showed Rousseff, …

     
  • World Biz  |  AUGUST 29, 2014 8:36 PM

    McD: Russian regulator is inspecting 100 restaurants

    Story by
    www.bloomberg.com

    McDonald’s Corp. said Russia’s consumer-safety regulator is inspecting more than 100 of its restaurants after the world’s largest fast-food chain by revenue was forced to close 12 locations in the country. McDonald’s temporarily closed four restaurants in Krasnodar, in southern …

     
  • Corporate  |  AUGUST 29, 2014 8:19 PM

    OSK Holdings reports higher profit for 2Q14

    Story by
    www.bernama.com

    OSK Holdings Bhd’s pre-tax profit for the second quarter ended June 30, 2014 rose by 36% to RM56.67 million from RM41.52 million in the corresponding period last year. The earnings per share for the quarter increased by 1.49 sen to …

     
  • Commodities  |  AUGUST 29, 2014 8:13 PM

    CPO futures end lower

    Story by
    www.bernama.com

    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives fell today amid overwhelming bearish sentiments in the market, a dealer said. He said traders were concerned that at the current low prices demand was expected to remain sluggish. “Many …

     
  • Corporate  |  AUGUST 29, 2014 8:10 PM

    SapuraKencana makes gas discovery in fifth well

    Story by
    [email protected]

    SapuraKencana Petroleum has announced another gas discovery from the fifth and final well within the SK408 production sharing contract (PSC) area offshore Sarawak, where it previously made "significant" gas discoveries in June.

     
  • Corporate  |  AUGUST 29, 2014 7:34 PM

    After reset, MAS will be purely commercial airline

    Story by
    [email protected]

    Focusing more on regional routes with high point-to-point traffic using a smaller, more nimble fleet

     
  • Corporate  |  AUGUST 29, 2014 7:08 PM

    Halim Saad’s Sumatec no longer PN17

    Story by
    [email protected]

    On an announcement on Bursa Malaysia, Sumatec Resources Bhd reported that the company has been uplifted from its PN17 status. “Sumatec has regularised its financial condition and level of operations and no longer triggers any of the criteria under paragraph …

     
  • Corporate  |  AUGUST 29, 2014 7:00 PM

    Sime Darby to spin-off Motors division by early 2015

    Story by
    [email protected]

    Diversified conglomerate Sime Darby Group Berhad is aiming to complete its Motors spin-off listing by early next year. “Hopefully by early next year,” said president and group chief executive Mohd Bakke Salleh, though adding that the listing is very much …

     
  • World Biz  |  AUGUST 29, 2014 6:37 PM

    China to offer tax breaks on electric cars

    Story by
    www.reuters.com

    China said on Friday it would offer tax breaks on purchases of electric cars predominantly made by Chinese automakers, in its latest policy measure to boost green vehicles in the world’s biggest auto market, amid rising concern over pollution. Last …

     
  • Corporate  |  AUGUST 29, 2014 6:34 PM

    Indonesia remains challenging for CIMB

    Story by
    [email protected]

    CIMB Group Holdings Bhd’s business in Indonesia continues to remain challenging and much hinges on the policies of the new administration, its group chief executive officer Nazir Razak suggested today.

     
  • Corporate  |  AUGUST 29, 2014 6:29 PM

    Maybank appoints Amirul as global banking head

    Story by
    [email protected]

    Maybank has appointed Amirul Feisal Wan Zahir as its group head of global banking (GB) effective October 1, 2014, the company said in an official announcement.

     
  • Markets  |  AUGUST 29, 2014 6:01 PM

    KL shares end lower, signs of short-term downturn

    Story by
    www.bernama.com

    Share prices on Bursa Malaysia closed lower today as equity market sentiment showed a short-term downturn, following weakness in Europe and growing geopolitical risks in Ukraine, a dealer said.

     
  • Commodities  |  AUGUST 29, 2014 5:55 PM

    Rubber market ends lower

    Story by
    www.bernama.com

    The Malaysian rubber market ended lower today amid negative investor sentiment on the commodity prices, dealers said.

     
  • Markets  |  AUGUST 29, 2014 5:49 PM

    Ringgit closes lower against the US dollar

    Story by
    www.bernama.com

    The ringgit closed lower against the US dollar today as investors continued with their interests on the greenback, dealers said.

     
  • Corporate  |  AUGUST 29, 2014 5:27 PM

    Nazir: “All options are on the table”

    Story by
    [email protected]

    CIMB Group Holdings Bhd group chief executive officer Nazir Razak today dismissed media reports that RHB Capital may be the holding company following the merger of CIMB, RHB and Malaysia Building Society Bhd.

     
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