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Malaysia's economy still robust: FXTM

Malaysia's economy still robust: FXTM

KUALA LUMPUR: Malaysia’s first quarter 2018 gross domestic (GDP) growth of 5.4 per cent has provided investors with another reminder of the economy’s robust nature. In a statement today, ForexTime Ltd Currency Strategy and Market Research Global Head Jameel Ahmad said as long as economic growth in Malaysia remained above five per cent, there would […]

May 17, 2018 | By | Reply More
Proton gives service vouchers for cars sold on May 16-31

Proton gives service vouchers for cars sold on May 16-31

KUALA LUMPUR, May 17 (Bernama) – Proton cars sold and registered from May 16-31 this year will include service vouchers equivalent in value to the difference between the current and new price of the car after Goods and Services Tax (GST) is zero-rated. In a statement, Proton Holdings Bhd said this was done to offer […]

May 17, 2018 | By | Reply More
SDP partners Mitsui and Mitsubishi Estate to develop RM530m industrial facilities in Klang

SDP partners Mitsui and Mitsubishi Estate to develop RM530m industrial facilities in Klang

KUALA LUMPUR: Sime Darby Property Bhd (SDP) is partnering Japan’s Mitsui & Co Ltd and Mitsubishi Estate Co Ltd to develop and lease built-to-suit industrial facilities with a gross development value of RM530 million at the Bandar Bukit Raja integrated township in Klang, Selangor. SDP holds 50 per cent of the joint venture company (JVCo), […]

May 17, 2018 | By | Reply More
Kenanga Q1 net profit jumps over 8 times

Kenanga Q1 net profit jumps over 8 times

KUALA LUMPUR: Kenanga Investment Bank Bhd has registered a net profit of RM15.44 million in the first quarter ended March 2018, more than eight times higher than RM1.89 million in the same quarter last year. This was largely driven by higher net brokerage and management fee income. Revenue rose to RM182.33 million in the quarter […]

May 17, 2018 | By | Reply More
SST revenue is estimated at RM10b in 2H18: AllianceDBS

SST revenue is estimated at RM10b in 2H18: AllianceDBS

KUALA LUMPUR: Feel good sentiments and the implementation of economic stimulus by the newly elected Pakatan Harapan’s (PH) government will attract investors to bank in on consumer stocks in Bursa Malaysia. AllianceDBS senior analyst Cheah King Yoong said the buying interest in consumer stocks will mainly stemmed from expectation of a rebound in consumer spending […]

May 17, 2018 | By | Reply More
Shangri-La upbeats on business performance this year

Shangri-La upbeats on business performance this year

KUALA LUMPUR: Shangri-La Hotels (Malaysia) Bhd is upbeat on business performance this year as leisure and corporate demand for hospitality regionally is on the higher levels currently. Managing director Kay Kuok Oon Kwong said Asian tourists, especially the Chinese, are one of the biggest contributors to its hotel revenue for both segments. “We expect to continue […]

May 17, 2018 | By | Reply More
Tomei remains optimistic on growth, registers RM150m Q1 revenue

Tomei remains optimistic on growth, registers RM150m Q1 revenue

KUALA LUMPUR: Tomei Consolidated Bhd, an integrated manufacturer and retailer of gold and jewellery products, is confident in sustaining earnings this year despite the current soft retail environment. Group managing director Datuk Ng Yih Pyng said for the first quarter (Q1) 2018, the Group has registered a RM149.95 million revenue and targets to achieve higher […]

May 17, 2018 | By | Reply More
Purchasing power will improve with zero-rated GST: 1MINE

Purchasing power will improve with zero-rated GST: 1MINE

SHAH ALAM: The zero-rating of the Goods and Services Tax (GST) effective June 1, 2018 will enable people, especially middle-income earners, to regain their purchasing power and enjoy better quality of life. Malaysian Indian Network of Entrepreneurs Association (1MINE) President Datuk S. Gopinath, who welcomed the move, said the announcement from the Finance Ministry on […]

May 16, 2018 | By | Reply More
Stock market resilient, stable despite election outcome: Bursa

Stock market resilient, stable despite election outcome: Bursa

KUALA LUMPUR: The Malaysian stock market remains resilient and stable, reflecting the country’s strong economic fundamentals and investor confidence, despite anticipated uncertainties from the election outcome, Bursa Malaysia said. The exchange said the market saw encouraging signs over the three days when it reopened after the nation’s 14th General Elections with strong support from both […]

May 16, 2018 | By | Reply More
FGV pledges transparency over investigations on Asian Plantations acquisition and other investments

FGV pledges transparency over investigations on Asian Plantations acquisition and other investments

KUALA LUMPUR: Felda Global Ventures Bhd (FGV) says it will take all necessary actions in a transparent manner when the forensic investigations into several issues are completed. The issues included FGV’s investments in FGV Cambridge Nanosystems Ltd as well as acquisitions of Asian Plantations Ltd (APL) and Troika apartments near the Kuala Lumpur City Centre […]

May 16, 2018 | By | Reply More