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Malaysian ports remain competitive

Malaysian ports remain competitive

PUTRAJAYA: Malaysian ports are among the most efficient in the world with the capability to meet the requirements of shipping lines at very competitive charges “Our competitiveness, particularly Port Klang, remains unaffected despite the move by Ocean Alliance, led by CMA CGM, to relocate their operations in the Port of Singapore”. “It is only a […]

September 22, 2017 | By | Reply More
Poh Kong's Q4 profit surges five times on higher gold prices

Poh Kong's Q4 profit surges five times on higher gold prices

KUALA LUMPUR: Poh Kong Holdings Bhd’s net profit jumped five-fold in the fourth-quarter ended July 31, 2017 to RM14.32 million from RM2.84 million a year ago. Its revenue surged 31 per cent to RM259.98 million from RM198.35 million on higher demand for gold jewellery and gold investment products, retail gold prices and revenue contributed from […]

September 21, 2017 | By | Reply More
SC: Sustainable finance development to speed up

SC: Sustainable finance development to speed up

KUALA LUMPUR: Emerging market regulators have agreed to accelerate the development of sustainable finance, the Securities Commission said. The initiative includes the establishment of a task force on sustainable finance, the SC chairman Tan Sri Ranjit Ajit Singh said in a statement. The statement was issued in conjuction with annual meeting and conference of the […]

September 21, 2017 | By | Reply More
MAS says order for 25 Boeing 737 aircraft is via sale and leaseback

MAS says order for 25 Boeing 737 aircraft is via sale and leaseback

KUALA LUMPUR: Malaysia Airlines has reiterated that it has a firm order of 25 Boeing 737 aircraft with everything else being optional. The funding for the 25 aircraft is planned on a sale-and-operating leaseback or simple operational lease, the national carrier said yesterday. Malaysia Airlines said it had made 25 firm orders for the 737-MAX8 […]

September 21, 2017 | By | Reply More
Maybank IB positive on Lotte Chemical Titan despite setback at Johor plant

Maybank IB positive on Lotte Chemical Titan despite setback at Johor plant

KUALA LUMPUR: Lotte Chemical Titan Holding Bhd (LCT) remains a “buy” for Maybank Investment Bank Bhd, despite a fire incident at one of its plants in Pasir Gudang on yesterday. Maybank IB recommended investors to look past the incident and affirmed its RM7.85 target price. “We are confident that LCT will be able to resolve […]

September 21, 2017 | By | Reply More
EPF is one of the buyers of MUFG's stake in CIMB Bank

EPF is one of the buyers of MUFG's stake in CIMB Bank

KUALA LUMPUR: The Employees Provident Fund (EPF) has emerged as one of the funds that bought Mitsubishi UFJ Financial Group’s (MUFG) 412 million CIMB Group Holdings Bhd shares on Tuesday for reportedly RM2.56 billion. EPF deputy chief executive officer of investment Mohamad Nasir Ab Latif told NST Business that it had bought about 50 million […]

September 21, 2017 | By | Reply More
BNM international reserves stands at US$100b as at Sept 15

BNM international reserves stands at US$100b as at Sept 15

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to US$100.8 billion as at September 15, 2017, compared with US$100.5 billion registered two weeks ago. “The reserves position is sufficient to finance 7.7 months of retained imports and is 1.1 times the short-term external debt,” the central bank said in a statement today. BNM said […]

September 21, 2017 | By | Reply More
Malaysia is 2nd best in Southeast Asia in developing human capital, 33rd in the world

Malaysia is 2nd best in Southeast Asia in developing human capital, 33rd in the world

KUALA LUMPUR: Malaysia is Southeast Asia’s second best nation, and 33rd in the world, when it comes to developing its human capital, according to the Wold Economic Forum. In its 2017 Human Capital Report, the WEF ranks 130 countries on how well they are developing their human capital on a scale from zero (worst) to […]

September 21, 2017 | By | Reply More
KL shares weaker at mid-day on bearish sentiment

KL shares weaker at mid-day on bearish sentiment

KUALA LUMPUR: Share prices on Bursa Malaysia ended the morning session lower as sentiment turned bearish amid a sideways trading session. At 12.30 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.89 of-a-point lower at 1,772.69 against yesterday’s close of 1,773.58. The index opened 1.87 points higher at 1,775.45. Market breath was negative, […]

September 21, 2017 | By | Reply More
Sept 21: KL shares weaker at mid-day on bearish sentiment

Sept 21: KL shares weaker at mid-day on bearish sentiment

KUALA LUMPUR: Share prices on Bursa Malaysia ended the morning session lower as sentiment turned bearish amid a sideways trading session. At 12.30 pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.89 of-a-point lower at 1,772.69 against yesterday’s close of 1,773.58. The index opened 1.87 points higher at 1,775.45. Market breath was negative, […]

September 21, 2017 | By | Reply More