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Khazanah to continue US investments, focusing on innovation and technology sectors

Khazanah to continue US investments, focusing on innovation and technology sectors

NST Business KUALA LUMPUR: Khazanah Nasional Bhd will continue to explore investment opportunities in the United States, with eyes on innovation and technology sectors. Responding to news reports on its investments in the US following the recent visit by Prime Minister Datuk Seri Najib Razak, Khazanah said:“In line with its policy to progressively diversify its […]

September 15, 2017 | By | Reply More
AirAsia widens Asean connectivity with Nha Trang, Vietnam

AirAsia widens Asean connectivity with Nha Trang, Vietnam

KUALA LUMPUR: AirAsia Bhd continues to widen its ASEAN connectivity with the inaugural flight of its new route to Nha Trang, Vietnam, that flies daily directly from Kuala Lumpur. In a statement today, AirAsia said the maiden flight also marked another milestone for the carrier as it was the first airline to operate direct flights […]

September 15, 2017 | By | Reply More
Astro shares up on strong H1 performance

Astro shares up on strong H1 performance

September 15, 2017 @ 11:36am KUALA LUMPUR: Astro Malaysia Holdings Bhd’s shares on Bursa Malaysia went up in early session today, supported by its strong performance in the first half of its financial year ended July 31, 2017. As at 11.21 am, the counter rose nine sen to RM2.72 with 2.17 million shares changing hands. […]

September 15, 2017 | By | Reply More
Sept 15: Ringgit opens higher against US dollar

Sept 15: Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar this morning on renewed demand for the local currency, as market players directed their attention towards August’s US inflation data, to be released soon. At 9am, the local unit was quoted at 4.1970/2000 against the greenback from Thursday’s close of 4.2040/2070. Dealers said US […]

September 15, 2017 | By | Reply More
'No toll rate hike for next 20 years'

'No toll rate hike for next 20 years'

MAJU Holdings will not raise toll rates for 20 years if its offer to take over highway operator PLUS Malaysia Bhd is successful, said founder and group executive chairman Tan Sri Abu Sahid Mohamad. “The existing concessionaire will run for the next 20 years till 2038. We will maintain the rates until the end of […]

September 15, 2017 | By | Reply More
Citibank taps fintech for growth

Citibank taps fintech for growth

KUALA LUMPUR: CITIBANK Bhd is targeting a growth of up to six per cent across its business segments this year, which will be driven by its financial technology (fintech) push. Chief executive officer Lung Nien Lee said he did not see fintech start-ups as disruptors but rather as potential collaborators. “The future is in technology […]

September 15, 2017 | By | Reply More
Macy's to hire more temp workers for online ops this holiday season

Macy's to hire more temp workers for online ops this holiday season

THIS holiday season Macy’s Inc will employ more workers at its distribution and warehouses to support its online business as it operates 70 fewer stores compared to last year. The department store operator said on Thursday it would hire 18,000 workers to fulfill online orders, including shipping and packaging, up 20 per cent from a […]

September 14, 2017 | By | Reply More
Bursa Bull Charge returns with participation of 1,818 runners

Bursa Bull Charge returns with participation of 1,818 runners

KUALA LUMPUR: The fourth edition Bursa Malaysia Bhd’s Bursa Bull Charge saw the participation of 1,818 runners from 150 organisations and interestingly enough, ‘1818’ is also the stock code of the stock exchange. “This year’s Bursa Bull Charge has been a resounding success due to the unwavering commitment of the participants, sponsors and volunteers and […]

September 14, 2017 | By | Reply More
Astro's net profit rose 34.9 pct to RM442.2 million.

Astro's net profit rose 34.9 pct to RM442.2 million.

NST Business KUALA LUMPUR: Satellite television operator Astro Malaysia Holdings Bhd saw its profits rose in the first half ended 31 July 2017 by 34.9 per cent to RM442.2 million from RM327.6 million in the previous corresponding period. The group’s revenue however was slightly lower at RM2.7 billion from RM2.8 billion. The group’s total advertising […]

September 14, 2017 | By | Reply More
TNB to issue RM4b Sukuk for power plant project in Pasir Gudang Industrial Zone

TNB to issue RM4b Sukuk for power plant project in Pasir Gudang Industrial Zone

KUALA LUMPUR: Tenaga Nasional Bhd is issuing RM4 billion Sukuk Wakalah via its 51 per cent-owned subsidiary, Southern Power Generation Sdn Bhd. Tenaga Nasional said the proceeds of the sukuk will be utilised to fund up to eighty per cent of the total project costs including the construction cost of 2×720 megawatt combined-cycle gas turbine […]

September 14, 2017 | By | Reply More