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Rafidah Aziz resigns as Supermax's chairman

Rafidah Aziz resigns as Supermax's chairman

KUALA LUMPUR: Glovemaker Supermax Corporation Bhd has announced the resignation of Tan Sri Rafidah Aziz today. According to a filing to Bursa Malaysia, Supermax said Rafidah’s resignation was due to ‘personal reason’. The filing said Rafidah’s resignation took effect from Saturday. Rafidah, who was the former International Trade and Industry minister, still serves chairman of […]

April 16, 2018 | By | Reply More
BAE Systems to continue partnership with CSM

BAE Systems to continue partnership with CSM

KUALA LUMPUR: British defence, security, and aerospace company BAE Systems will continue its partnership with CyberSecurity Malaysia (CSM) by signing a memorandum of understanding (MoU) at the upcoming Defence Services Asia 2018 (DSA). “As we enter into a period of global uncertainty and with the prevalence of international cybercrime, DSA 2018 presents a great opportunity […]

April 16, 2018 | By | Reply More
Etiqa expected to be lifted by higher interest rate environment

Etiqa expected to be lifted by higher interest rate environment

KUALA LUMPUR: Malayan Banking Bhd (Maybank) expects its insurance and takaful arm Etiqa Group Insurance & Takaful (Etiqa) to attract more investors as interest rates in the country hikes up. “Insurance portfolio become attractive as interest rates increases. Insurance and takaful are usually a long term business and an increasing rate environment is going to […]

April 16, 2018 | By | Reply More
Eversendai eyes US$200m job

Eversendai eyes US$200m job

ABU DHABI: Eversendai Corp Bhd’s wholly-owned unit, Eversendai Offshore RMC FZE, aiming to secure a contract worth about US$200 million to build up to two vessels for a major European oil and gas (O&G) firm. It is believed that Eversendai Offshore is also working towards securing contracts to build vessels for O&G companies in the […]

April 16, 2018 | By | Reply More
AirAsia X to suspend KL-Tehran route for second time

AirAsia X to suspend KL-Tehran route for second time

KUALA LUMPUR: AirAsia X Bhd, the long-haul arm of budget carrier AirAsia, will suspend its Kuala Lumpur (KL) – Tehran flights this year with the last flight taking off from Kuala Lumpur on April 20, 2018. The suspension will be the second time following the first in October 2012. AirAsia X chief executive officer Benyamin […]

April 16, 2018 | By | Reply More
Railway Park to be export hub

Railway Park to be export hub

KUALA LUMPUR: The proposed new railway industrial park, to be based in Rawang, is set to be an export hub for rail products and talents in the region in line with the growing rail industry there. Malaysian Rail Industry Consortium (MARIC) president Datuk Dr Mohd Yusoff Sulaiman said the park will boost industrial exports, especially in […]

April 16, 2018 | By | Reply More
Indonesia-Malaysia palm council says UK supermarket misleads consumers

Indonesia-Malaysia palm council says UK supermarket misleads consumers

JAKARTA: The Council of Palm Oil Producing Countries (CPOPC), a palm oil board led by Indonesia and Malaysia, said British supermarket chain Iceland’s decision to remove palm oil from its own-brand food products misleads consumers. Iceland said last week that due to concerns over rainforest destruction it would remove palm oil from all of its […]

April 16, 2018 | By | Reply More
Apr 16: Bursa Malaysia higher in early trade

Apr 16: Bursa Malaysia higher in early trade

KUALA LUMPUR: Bursa Malaysia opened slightly higher this morning on a cautious note following concerns over heightened geopolitical tensions in Syria after the local mart recorded an easier trading last week. However, the positive sentiment in the regional market at the opening today has lent some support to the local market. At 9.05 am, the […]

April 16, 2018 | By | Reply More
April 16: RM opens at 3.88 against USD

April 16: RM opens at 3.88 against USD

KUALA LUMPUR: The ringgit opened lower against the US dollar today as the greenback received some boost following the launch of military strikes on Syria over the weekend. At 9.02 am, the ringgit was quoted at 3.8800/8850 compared with Friday’s close of 3.8785/8815. The US and European allies launched airstrikes against Syrian research, storage and […]

April 16, 2018 | By | Reply More
Trading opportunity for Digi with potential Shariah list reinstatement: PublicInvest

Trading opportunity for Digi with potential Shariah list reinstatement: PublicInvest

KUALA LUMPUR: PublicInvest Research said there is trading opportunity for Digi.com Bhd, which share price has fallen sharply in recent month, as the stock is expected to be reinstated to the Shariah list in the coming review. The research house said Digi was removed from the list in November 2017, following the drawdown of conventional […]

April 16, 2018 | By | Reply More