STORIES TAGGED WITH

  • World Biz  |  AUGUST 22, 2014 9:36 PM

    Vodafone agrees to buy stake in Hellas Online

    Story by
    www.bloomberg.com

    Vodafone Group Plc has agreed to buy 72.7% of Greek broadband company Hellas Online SA for 72.7 million euros (US$96.5 million) and plans to make an offer for the rest of the company. Vodafone already owned 18.5% of the Athens-based …

     
  • World Biz  |  AUGUST 22, 2014 9:22 PM

    Exxon to sell UK North Sea Gas asset, XTO Netherlands

    Story by
    www.bloomberg.com

    Exxon Mobil Corp. is seeking buyers for its stake in an offshore UK natural gas field and its XTO Netherlands unit that includes an interest in a Dutch pipeline. Exxon is offering for sale 100 percent of XTO Netherlands Ltd. …

     
  • Corporate  |  AUGUST 22, 2014 9:13 PM

    IJM expects Indonesian operations to double yields

    Story by
    www.bernama.com

    IJM Plantations Bhd, a 54%-owned subsidiary of IJM Corp Bhd, expects its Indonesian operations to double ITS fresh fruit bunches (FFB) production in the 2015 financial year to 288,000 tonnes, driven by better yields. Its Chief Executive Officer and Managing …

     
  • World Biz  |  AUGUST 22, 2014 8:55 PM

    China’s car-maker to build production facility in Russia

    Story by
    www.bernama.com

    China’s Lifan car manufacturer will invest US$150 million (RM475 million) to build a production facility in central Russia’s Kaluga region, Russia’s Itar-Tass news agency reported citing the Beijing Qingnian Bao newspaper report on Friday. “The company will manufacture several dozen …

     
  • Corporate  |  AUGUST 22, 2014 8:49 PM

    Tan Chong Motor’s pre-tax profit declines in 2Q

    Story by
    www.bernama.com

    Tan Chong Motor Holdings Bhd’s pre-tax profit for the second quarter ended June 31, 2014 declined to RM81.356 million from RM91.809 million in the corresponding period last year. In a filing to Bursa Malaysia, the company said its revenue also …

     
  • Corporate  |  AUGUST 22, 2014 8:31 PM

    Daya materials to undertake fund-raising exercises

    Story by
    www.bernama.com

    Daya Materials Bhd will undertake three fund-raising exercises to part-finance its acquisitions of two offshore subsea construction vessels worth RM444.1 million each. In a filing to Bursa Malaysia today, Daya Materials said it would also pay an additional RM7.3 million …

     
  • Corporate  |  AUGUST 22, 2014 8:15 PM

    MRCB’s pre-tax profit soars to RM138.76 mil in 2Q

    Story by
    www.bernama.com

    Malaysian Resources Corporation Bhd’s (MRCB) pre-tax profit soared to RM138.76 million for the second quarter ended June 30, 2014 from RM13.11 million recorded in the same period last year. Revenue also increased to RM325.69 million for the quarter under review …

     
  • Corporate  |  AUGUST 22, 2014 7:41 PM

    Malayan Flour posts RM18.86 mil pre-tax profit in 2Q

    Story by
    www.bernama.com

    Malayan Flour Mills Bhd’s pre-tax profit rose to RM18.863 million for the second quarter (Q2) ended June 30, 2014 from RM13.558 million in the corresponding period last year. In a filing to Bursa Malaysia today, the company attributed the higher …

     
  • Corporate  |  AUGUST 22, 2014 7:37 PM

    Dayang Ent’s 1H14 pre-tax profit rises to RM110.36 mil

    Story by
    www.bernama.com

    Dayang Enterprise Holdings Bhd’s pre-tax profit for the first half of 2014 (1H14) ended June 30 rose to RM110.36 million from RM107.45 million in the corresponding period last year. Revenue jumped 100 per cent to RM399 million during the period …

     
  • Corporate  |  AUGUST 22, 2014 7:28 PM

    Despite 4Q revenue dip qoq, Karex back in black

    Story by
    [email protected]

    Homegrown condom manufacturer Karex Bhd is now back in the black as it saw higher profits despite a dip in revenue for the fourth quarter ended June 30, 2014 compared to the immediate preceding quarter, citing longer production time due …

     
  • Commodities  |  AUGUST 22, 2014 7:26 PM

    CPO futures prices remain lower on continuous selling

    Story by
    www.bernama.com

    Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives remained lower on continuous selling, a dealer said. Phillip Futures Sdn Bhd derivative product specialist, David Ng, said the CPO price plunged to its lowest in five years over mounting …

     
  • Markets  |  AUGUST 22, 2014 7:22 PM

    KL shares ease on profit-taking

    Story by
    www.bernama.com

    Bursa Malaysia closed on easier note today on profit-taking for the second consecutive day, bogged down by losses in selected heavyweights, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended the day 0.20%, or 3.82 points, lower to …

     
  • TigerTalk  |  AUGUST 22, 2014 7:00 PM

    Tiger takes on Disney with film Spac

    Story by
    [email protected]

    A plantation Spac is possibly coming to Bursa Malaysia and Tiger feels its time to unveil its own Spac --- a film-making one, to be exact. If the success of Disney’s Frozen is anything to go buy, Tiger’s Spac is guaranteed to make crazy money, let Tiger tell you that.

     
  • Corporate  |  AUGUST 22, 2014 6:13 PM

    MBSB’s pre-tax profit soars to RM138.76 mil in 2Q

    Story by
    www.bernama.com

    Malaysian Resources Corporation Bhd’s (MBSB) pre-tax profit soared to RM138.76 million for the second quarter ended June 30, 2014 from RM13.11 million recorded in the same period last year. Revenue also increased to RM325.69 million for the quarter under review …

     
  • Corporate  |  AUGUST 22, 2014 6:05 PM

    Lion Corp incurs pre-tax loss of RM330.62 mil in 4Q

    Story by
    www.bernama.com

    Lion Corp Bhd reported a pre-tax loss of RM330.62 million for the fourth quarter ended June 30, 2014 compared with a pre-tax profit of RM25.30 million in the same period a year ago. Revenue declined to RM657.418 million from RM732.82 …

     
  • Corporate  |  AUGUST 22, 2014 5:55 PM

    Karex posts RM13.6 mil pre-tax profit in 4Q

    Story by
    www.bernama.com

    Karex Bhd posted a pre-tax profit of RM13.6 million for the fourth quarter ended June 30, 2014 on the back of RM63.14 million in revenue. In a filing to Bursa Malaysia, the company attributed the quarter’s favourable performance to higher …

     
  • Commodities  |  AUGUST 22, 2014 5:45 PM

    Rubber prices end higher

    Story by
    www.bernama.com

    The Malaysian rubber market closed higher today for the third day, tracking the perfomance on the Tokyo Commodity Exchange (TOCOM), a dealer said. A dealer said TOCOM rubber futures were probably on course to post their biggest weekly gains since …

     
  • Corporate  |  AUGUST 22, 2014 5:42 PM

    Petron M’sia chalks up smaller pre-tax loss in 2Q

    Story by
    www.bernama.com

    Petron Malaysia Refining and Marketing Bhd chalked up a smaller pre-tax loss of RM2.1 million in the second quarter ended June 30, 2014 from a pre-tax loss of RM60.69 million recorded in the same period last year. Revenue jumped to …

     
  • Markets  |  AUGUST 22, 2014 5:38 PM

    Ringgit ends sharply higher against US$

    Story by
    www.bernama.com

    The ringgit closed sharply higher against the US dollar today on renewed buying interest for the local unit. At 5 pm, the ringgit was quoted at 3.1600/1620 against the US dollar from 3.1710/1730 on Thursday. A dealer said the ringgit …

     
  • World Biz  |  AUGUST 22, 2014 5:28 PM

    BP to spend RM29 bil on Australia fuel stations

    Story by
    www.bloomberg.com

    BP Plc, the operator of the biggest oil refinery in Australia, plans to spend A$10 billion (RM29.4 billion) this decade expanding its filling station network and developing oil and gas projects such as the Browse venture. The company will open …

     
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