• Corporate  |  AUGUST 22, 2014 7:41 PM

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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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

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    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$

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    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

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    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 …

  • World Biz  |  AUGUST 22, 2014 5:25 PM

    RSA to sell Hong Kong, Singapore businesses

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    RSA Insurance Group Plc agreed to sell the insurance businesses of its branches in Singapore and Hong Kong to Allied World Assurance Co for about 130 million pounds (RM683 million) in cash as it retreats from markets. The sale of RSA Singapore and RSA Hong …

  • Markets  |  AUGUST 22, 2014 5:08 PM

    KL shares easier at mid-afternoon

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    Share prices on Bursa Malaysia were easier at mid-afternoon today, bucking the regional upbeat trend, dealers said. At 3.17pm the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) eased 2.83 points to 1,871.98. On the scoreboard, the Finance Index rose 3.26 …

  • Corporate & Featured and Exclusive  |  AUGUST 22, 2014 5:00 PM

    MAS passenger numbers slide to 15-month low

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    Carried just 1.32 mil passengers in July, down 11% year-on-year, during the month when flight MH17 came down over Eastern Ukraine.

  • Featured and Exclusive & World Biz  |  AUGUST 22, 2014 4:23 PM

    Geneva banks break 200-year silence

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    Switzerland’s two largest closely held banks are poised to publish their earnings after two centuries of secrecy.

  • World Biz  |  AUGUST 22, 2014 4:00 PM

    Nikko asset favours shorter-dated Chinese bonds

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    Nikko Asset Management Ltd is favoring shorter-dated Chinese bonds after the yield premium investors demand to hold 20-year sovereign debt over two-year notes more than halved since the end of March. Benign inflation and a revival of share sales will …

  • Corporate  |  AUGUST 22, 2014 3:55 PM

    AIA Public declares RM8.5 mil surplus distribution

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    AIA Public Takaful Bhd (AIA Public) has declared a total surplus distribution of RM8.5 million for the financial year ended Nov 30, 2013, involving more than 36,000 certificates under the company.

  • Corporate  |  AUGUST 22, 2014 3:47 PM

    Analysts split as WCT Holdings misses estimates

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    As property and development outfit WCT Holdings Berhad missed analyst estimates for the first six months of 2014, analysts are of mixed opinion on the group’s prospects