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Malaysian Airlines to break even next year despite rise in fuel prices

Malaysian Airlines to break even next year despite rise in fuel prices

<p>KUALA LUMPUR: Malaysian Airlines Bhd (MAB) is on track to break even in 2019 despite the rise in fuel prices.</p> © New Straits Times Press (M) Bhd

June 11, 2018 | By | Reply More
CIMB appoints Hendra Lembong as Chief Fintech Officer

CIMB appoints Hendra Lembong as Chief Fintech Officer

Bernama KUALA LUMPUR: CIMB Group (CIMB) has appointed Hendra Lembong as chief fintech officer, effective June 1. In a statement here, group chief executive officer of CIMB, Datuk Seri Tengku Zafrul Aziz said he was pleased to have Hendra take on the new role. “CIMB Fintech is a strategic unit for CIMB to examine and invest […]

June 11, 2018 | By | Reply More
Palm oil stocks down 0.51 per cent in May

Palm oil stocks down 0.51 per cent in May

<p>KUALA LUMPUR: Total palm oil stocks fell 0.51 per cent in May 2018 to 2.17 million tonnes from 2.18 million tonnes recorded in preceding April.</p> © New Straits Times Press (M) Bhd

June 11, 2018 | By | Reply More
Malaysia's manufacturing April sales grew 8.2 per cent to RM65.5b

Malaysia's manufacturing April sales grew 8.2 per cent to RM65.5b

<p>KUALA LUMPUR: Malaysia’s April 2018 manufacturing sales recorded a growth of 8.2 per cent in rising to RM65.5 billion as compared to RM60.5 billion reported a year ago.</p> © New Straits Times Press (M) Bhd

June 11, 2018 | By | Reply More
Kenanga maintains &quot;neutral&quot; call on automotive sector

Kenanga maintains &quot;neutral&quot; call on automotive sector

KUALA LUMPUR: Kenanga Research has maintained its neutral call on the automotive sector following the drop in total industry volume (TIV) in April 2018. Latest data from the Malaysian Automotive Association showed TIV declined six per cent month-on-month. In a note, Kenanga said the slowdown in car sales was due to consumers adopting a “wait-and-see” […]

May 24, 2018 | By | Reply More
Malakoff's 1Q profit down to RM67.37m

Malakoff's 1Q profit down to RM67.37m

KUALA LUMPUR: Independent power producer, Malakoff Corporation Bhd’s net profit fell to RM67.37 million in the first quarter ended March 31, 2018, from RM115.41 million recorded in the same period last year. Revenue for the quarter also decreased 10 per cent, year-on-year, (y-o-y) to RM1.6 billion from RM1.78 billion previously. In a filing with Bursa Malaysia […]

May 23, 2018 | By | Reply More
Boustead Plantations' profit falls on lower palm product prices

Boustead Plantations' profit falls on lower palm product prices

Bernama KUALA LUMPUR: Boustead Plantations Bhd’s net profit for the first quarter ended March 31, 2018, fell to RM2.35 million from RM29.08 million recorded in the same period last year due mainly to lower prices of palm products. Revenue declined to RM154.60 million from RM189.02 previously, the group said in a filing with Bursa Malaysia today. […]

May 23, 2018 | By | Reply More
EPF, PNB seeks £1.5b loan for Battersea Power Station

EPF, PNB seeks £1.5b loan for Battersea Power Station

KUALA LUMPUR: Two Malaysian state-backed funds that acquired London’s Battersea Power Station building are sounding out banks for a loan of about £1.5 billion (S$2.7 billion), people with knowledge of the matter said. Malaysia’s Employees Provident Fund and state-owned asset manager Permodalan Nasional Bhd are expected to hire banks shortly, according to the people, who […]

May 23, 2018 | By | Reply More
May 21: Ringgit continues slide against US dollar

May 21: Ringgit continues slide against US dollar

KUALA LUMPUR: The ringgit closed lower against the US dollar today on lack of demand. At 6pm, the local unit was quoted at 3.9780/9820 from 3.9700/9740 recorded at Friday’s close. Meanwhile, the ringgit traded mostly higher against a basket of other major currencies. It fell against the Singapore dollar to 2.9570/9606 from 2.9523/9557, but improved […]

May 21, 2018 | By | Reply More
Bank Negara announces the operationalisation of RENTAS

Bank Negara announces the operationalisation of RENTAS

KUALA LUMPUR: Bank Negara Malaysia and Financial Markets Committee (FMC) announced the operationalisation of segregated securities accounts at the large value payment system, real-time electronic transfer of funds and securities system (RENTAS). In a statement, Bank Negara said this is part of the measures to further develop the Malaysian bond market that have been announced […]

May 21, 2018 | By | Reply More