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Supermax GMD sentenced to 5-year jail term for insider trading

Supermax GMD sentenced to 5-year jail term for insider trading

KUALA LUMPUR: Supermax Corp Bhd group managing director Datuk Seri Stanley Thai Kim Sim has today been sentenced to a five-year jail term and RM5 million fine for insider trading. The offence was committed when Thai was the chief executive officer of APL Industries Bhd (APLI). He was convicted alongside former remisier Tiong Kiong Choon, […]

November 24, 2017 | By | Reply More
Top Glove buys Aspion Group to become world's largest surgical glove producer

Top Glove buys Aspion Group to become world's largest surgical glove producer

KUALA LUMPUR: Top Glove Corporation Bhd is set to reinforce its market leadership as the world’s largest medical glove producer after it announced plans to buy surgical glovemaker Aspion Sdn Bhd. In a filing to Bursa Malaysia today, the company said it had entered into a term sheet with Adventa Capital Pte Ltd (ACPL) to […]

November 24, 2017 | By | Reply More
Eco World to redevelop Sydney's Macquarie Park site

Eco World to redevelop Sydney's Macquarie Park site

KUALA LUMPUR: Eco World International Bhd (EWI) has today secured access to a prime development land situated 12 kilometres northwest of Sydney’s central business district with plans to develop a AU$139 million gross development value (GDV) project there. The project site is at 1-3 Lachlan Avenue, Macquarie Park, Sydney adjacent to Macquarie University in the […]

November 24, 2017 | By | Reply More
Nov 24: Ringgit opens easier against most major currencies

Nov 24: Ringgit opens easier against most major currencies

KUALA LUMPUR: The ringgit opened easier against the US dollar this morning as it entered a consolidation mode after soaring in the past few days. At 9am, the local unit was traded at 4.1180/1210 against the greenback from Thursday’s close of 4.1050/1100. The ringgit was also traded lower against a basket of major currencies. The […]

November 24, 2017 | By | Reply More
Petron Malaysia more than doubles net profit in Q3

Petron Malaysia more than doubles net profit in Q3

KUALA LUMPUR: Petron Malaysia Refining & Marketing Bhd’s net profit more than doubled to RM106.07 million in the third quarter ended Sept 30, 2017 from RM46.79 million. Petron’s revenue improved 40.4 per cent year-on-year to RM2.56 billion from RM1.82 billion, mainly due to higher oil prices. Total sales volume hit nine million barrels or 15 […]

November 24, 2017 | By | Reply More
SACOFA teams up with Brunei's largest telco to offer international broadband

SACOFA teams up with Brunei's largest telco to offer international broadband

KUCHING: Sacofa, Sarawak-based ICT infrastructure company, has signed a memorandum of understanding with Brunei’s largest telco Datastream Technology to form a partnership to bring affordable international broadband to Sarawak.  Sacofa managing director Mohamed Zaid Zaini said it aims to boost broadband services in the state, in line with the state government’s call for digital economy. […]

November 23, 2017 | By | Reply More
Malaysia to create a new economic strength to face new phase of globalisation

Malaysia to create a new economic strength to face new phase of globalisation

KUCHING: Government agencies said they are working towards creating a new economic strength for the country in the line of exports as it enters a new phase of globalisation. They believe the recent “phenomenonal” export performance is set to be a new norm for the country, marking a significant shift to the national economic identity. […]

November 23, 2017 | By | Reply More
RHB Islamic partners with Brainy Bunch to inculcate the habit of saving money in children

RHB Islamic partners with Brainy Bunch to inculcate the habit of saving money in children

KUALA LUMPUR: RHB Islamic Bank today signed a strategic partnership with Brainy Bunch International Montessori to inculcate the habit of saving money in children. In a statement today, RHB Islamic said the partnership will see a three month long Current Account Savings Account (CASA) Campaign Promotion for students as well as parents and staff of […]

November 23, 2017 | By | Reply More
Nestle opens its global procurement hub in Malaysia 

Nestle opens its global procurement hub in Malaysia 

KUALA LUMPUR: Nestle has selected Malaysia as one of its three sites across the world for its global procurement hub. Nestle Malaysia Bhd chief executive officer Alois Hofbauer said the 23,000 sq ft hub would service over 100 countries worldwide. “We are very delighted to have this hub at Nestle Malaysia. We are participating in the […]

November 23, 2017 | By | Reply More
Petronas' net profit soars to RM10bil in Q3

Petronas' net profit soars to RM10bil in Q3

KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas) net profit surged to RM10 billion in the third quarter ended September 30 2017, fron RM6.1 billion a year ago. This was due to improved performances of its upstream and downstream businesses and supported by recovering commodity prices, stronger margins as well as its on-going group-wide transformation initiatives. In […]

November 23, 2017 | By | Reply More