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US stocks slump on negative Europe news
www.btimes.com.my
50 mins ago
[
500]
NEW YORK: US stocks piled up losses Thursday as negative news continued from Europe, with Greece's woes deepening and Spain falling into recession.
Strong quarterly earnings from Wal-Ma...
Amcorp Properties sells London flats
www.thestar.com.my
50 mins ago
PETALING JAYA: Amcorp Properties Bhd is selling an apartment development in London, England for '9.3mil (RM46mil) to International Trading Group (Holding) SAL and Universal Distributors Holding SAL.
JCY profit soars on better deals
www.thestar.com.my
50 mins ago
[
JCY]
KUALA LUMPUR: JCY International Bhd has posted a 1,209% spike in its second-quarter ended March 31 net profit to RM163.09mil, compared with RM12.46mil a year earlier, fueled by better average selling ...
KJCF posts lower profit despite'higher revenue
www.thestar.com.my
50 mins ago
KUALA LUMPUR: Kian Joo Can Factory Bhd's (KJCF) pre-tax profit for the first quarter ended March 31 fell to RM33.584mil from RM38.556mil a year earlier.
Another record year for AmBank group
www.thestar.com.my
50 mins ago
[
AMMB]
KUALA LUMPUR: AMMB Holdings Bhd grew its net profit by 12.5% year-on-year to RM1.51bil for the financial year ended March 31, 2012 and the banking group has attributed this to faster non-interest inco...
Formis buys 20% stake in Microlink
www.thestar.com.my
50 mins ago
KUALA LUMPUR: Formis Resources Bhd said its unit Formis Holdings Bhd (FHB) has acquired a 20% stake in Microlink Solutions Bhd from Technology World Company for RM4.587mil cash.
AsiaEP becomes GN3 firm
www.thestar.com.my
50 mins ago
[
ASIAEP]
PETALING JAYA: AsiaEP Resources Bhd said it has been classified as a Guidance Note 3 (GN3) company by Bursa Malaysia.
Scomi exits Nigeria machine shop ops
www.thestar.com.my
50 mins ago
[
SCOMI]
KUALA LUMPUR: Scomi Group Bhd has entered into a conditional agreement with AOS Orwell Ltd for the disposal of its 100% equity interest in Scomi Nigeria Pte Ltd (SNPL) and 2% equity interest in Oiltoo...
Crest proposes share placement
www.thestar.com.my
50 mins ago
PETALING JAYA: Crest Builder Holdings Bhd has proposed a placement of 12.4 million new shares representing up to 10% of its issued and paid-up share capital.
SapuraKencana closes lower in first-day trading
www.thestar.com.my
50 mins ago
KUALA LUMPUR: Shares in SapuraKencana Petroleum Bhd finished 14 sen lower at RM2.10 in a higher broader market after the stock opened six sen higher over its reference price of RM2.24.
Three Gas M'sia shareholders to receive RM734mil
www.thestar.com.my
50 mins ago
PETALING JAYA: The three major shareholders of Gas Malaysia Bhd will receive a total of RM734mil from the sale of their shares in the former's impending initial public offering (IPO).
Fajarbaru wins RM13.6mil contract
www.thestar.com.my
50 mins ago
[
AIRPORT]
KUALA LUMPUR: Fajarbaru Builder Group Bhd's (FBG) wholly owned subsidiary, Fajarbaru Builder Sdn Bhd has bagged a RM13.6mil contract from Malaysia Airports Holdings Bhd for the works on supply, instal...
Bank Negara signs MoU with Turkey central bank
www.thestar.com.my
50 mins ago
KUALA LUMPUR: Bank Negara has signed a memorandum of understanding (MoU) with Central Bank of Turkey to foster strategic cooperation between the two countries.
KHSB, HK firm plan eco-development in Kuala Selangor
www.thestar.com.my
50 mins ago
SHAH ALAM: Kumpulan Hartanah Selangor Bhd (KHSB) and Hong Kong-based Sun Lohas Group Ltd signed a memorandum of understanding (MOU) on the proposed eco-development concept of a 2,013ha land in Bestari...
OUM to export programmes to China
www.thestar.com.my
50 mins ago
KUCHING: Open University Malaysia (OUM) is targetting China and Zambia as the next destinations to expand its educational programmes after setting foot in seven countries in Asia and the Middle East.
IHH RM4.7bil dual listing in KL and S'pore in July
www.thestar.com.my
50 mins ago
KUALA LUMPUR: The planned US$1.5bil (RM4.7bil) listing of Integrated Healthcare Holdings Sdn Bhd (IHH) is expected to debut on the Malaysian and Singapore bourses by the end of July, two sources with ...
Contrasting fortunes for MAS, AirAsia
www.thestar.com.my
50 mins ago
[
AIRASIA]
PETALING JAYA: It is going to be another quarter of losses for Malaysia Airlines (MAS) when it releases its first quarter 2012 results by month-end but its rival AirAsia Bhd will continue to grow its ...
Facebook sets prices at top of range in landmark IPO
www.thestar.com.my
50 mins ago
NEW YORK/SAN FRANCISCO: Facebook Inc priced its initial public offering at the top of its target range to raise more than US$16 billion, as strong demand, particularly from retail investors, fuels ant...
TM’s HSBB outpaces others in region
www.btimes.com.my
5 hours ago
[
ASTRO][
TM]
KUALA LUMPUR: The high-speed broadband (HSBB) network being built by Telekom Malaysia (TM) has outpaced other similar national initiatives in the region, according to Informa Telecoms
and Media (ITM...
Greece euro exit impact ‘unimaginable’
www.btimes.com.my
5 hours ago
[
EURO]
CONTAGION EFFECT: There is a risk of Asia crisis-style debacle, says Bank Negara governor
BANK Negara Malaysia governor Tan Sri Zeti Akhtar Aziz warned that a Greece exit from the euroz...
India pitches for Fitch upgrade after S&P blow
www.btimes.com.my
5 hours ago
[
EURO]
NEW DELHI: India's economic growth story is intact and the current account deficit under control, senior Finance Ministry officials told a team from global ratings agency Fitch yester...
Toshiba stops making TVs in Japan on yen, price woes
www.btimes.com.my
5 hours ago
[
YEN]
TOSHIBA shares surged almost six per cent yesterday after saying it had stopped making televisions in Japan where a strong yen has hurt exports as slow demand and falling prices also at...
Japan on recovery path
www.btimes.com.my
5 hours ago
[
BRIGHT]
JAPAN'S economy grew by a faster-than-expected 1.0 per cent in the three months to March, official figures showed yesterday, as rising domestic demand and a boost in exports kept it on...
Facebook increases number of IPO shares
www.btimes.com.my
5 hours ago
NEW YORK: With investors hungry for Facebook shares ahead of a hotly anticipated offering, the social network unveiled a 25 per cent increase in the number of shares to be sold at the...
Data suggests steady gains in US job market
www.btimes.com.my
5 hours ago
WASHINGTON: The number of people seeking US unemployment benefits was unchanged last week, suggesting steady gains in the job market.
The Labour Department said yesterday that week...
HSBC on course to meet targets
www.btimes.com.my
5 hours ago
HONG KONG: HSBC doubled the annual revenue boost expected from its turnaround plan to US$2 billion, as Europe’s biggest bank targets emerging markets and cost cuts to lead its b...
BHP may delay at least 2 mega projects
www.btimes.com.my
5 hours ago
MELBOURNE: BHP Billiton, the world’s biggest miner, is likely to delay signing off on at least two mega projects after its chairman put the brakes on an US$80 billion plan to gr...
KHSB in pact to develop 2,013ha site
www.btimes.com.my
5 hours ago
KUALA LUMPUR: Kumpulan Hartanah Selangor Bhd (KHSB) and Sun Lohas Group Ltd yesterday signed a memorandum of understanding (MoU) on the proposed eco-development on a 2,013ha site in Best...
Fajarbaru lands MAHB contract
www.btimes.com.my
5 hours ago
KUALA LUMPUR: Fajarbaru Builder Group Bhd’s wholly owned subsidiary Fajarbaru Builder Sdn Bhd has bagged a RM13.6 million contract from Malaysia Airports Holdings Bhd to supply, in...
Europe Roundup: Sharp falls
www.btimes.com.my
5 hours ago
LONDON: Europe's main stock markets tumbled yesterday as worries spiked over the eurozone debt crisis that is plaguing Greece and now circling Spain. In early afternoon deals, Lond...
Asia Roundup: Markets take a breather
www.btimes.com.my
5 hours ago
HONG KONG: Asian markets were mixed yesterday as the Greek crisis continued to cast a shadow, while dealers got some upbeat news in data showing Japan's economy grew faster than expect...
Hong Kong: In the red after U-turn
www.btimes.com.my
5 hours ago
SHARES closed 0.31 per cent lower yesterday as a late sell-off wiped out gains built up through the day. The benchmark Hang Seng Index shed 58.90 points to 19,200.93. The index...
SGX: STI ends slightly lower
www.btimes.com.my
5 hours ago
[
ORIENT][
STI]
MOST Southeast Asian stock markets slipped yesterday as late selling in the region suggested risk appetite remains weak. In Singapore, the Straits Times Index ended 0.30 per cent,...
Palm futures rise on cautious sentiment
www.btimes.com.my
5 hours ago
[
EURO][
SILVER]
CPO FUTURES,/b>KUALA LUMPUR: The crude palm oil futures on Bursa Malaysia Derivatives closed slightly higher yesterday, with investors remaining cautious over the global economic climate...
PUNB allocates RM200m loans for Bumi businesses
www.btimes.com.my
5 hours ago
PERBADANAN Usahawan Nasional Bhd (PUNB) is allocating RM200 million worth of loans and financing to Bumiputera companies and businesses this year. Chairman Khairy Jamaluddin said as at ...
Jaya33 open to asset sales
www.btimes.com.my
5 hours ago
[
ALAM][
MALTON]
JAYA33 Sdn Bhd, a niche developer, will consider disposing of some of its office towers at Jaya33 Cybercentre in Petaling Jaya, Selangor, if there are good offers, its chief said. Jaya3...
Wisma Mustapha Kamal expected to draw MNCs
www.btimes.com.my
5 hours ago
THE Emkay Group's latest Grade A office building, Wisma Mustapha Kamal, with a a gross development value (GDV) of RM150 million, is expected to attract multinational corporations (MNCs)...
Scomi: Nigerian machine shop assets sold
www.btimes.com.my
5 hours ago
[
SCOMI]
KUALA LUMPUR: Scomi Group Bhd has sold its last machine shop assets for US$39.77 million (RM123.68 million). Its entire stake in Scomi Nigeria Pte Ltd and two per cent stake in Oiltool...
JCY's Q2 earnings surge
www.btimes.com.my
5 hours ago
[
JCY][
WONG]
KUALA LUMPUR: Hard-disk drive (HDD) manufacturer JCY International Bhd's earnings surged 12-fold to RM163.09 million in the second quarter ended March 31 2012 from RM12.46 million a year ...
SapuraKencana debuts at 30 sen premium
www.btimes.com.my
5 hours ago
[
KENCANA]
KUALA LUMPUR: SapuraKencana Petroleum Bhd, a new oil and gas (O&G) powerhouse resulting from the merger between SapuraCrest Petroleum Bhd and Kencana Petroleum Bhd, debuted on the Main M...
Roar power from Ferarri 458 Spider
www.btimes.com.my
5 hours ago
[
570]
THE Ferarri 458 Spider has received a phenomenal response in Malaysia as it has been pre-sold for the next three years. Naza Group of companies joint group executive chairman Datuk Wira...
FTA with Australia to be signed on Tuesday
www.btimes.com.my
5 hours ago
[
SIGN]
KUALA LUMPUR: Malaysia and Australia will finally ink the long-overdue bilateral free trade pact on Tuesday.International Trade and Industry (Miti) Minister Datuk Seri Mustapa Mohamed a...
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