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Malaysia-China total trade grew 20.6pc to RM290.65b in 2017

Malaysia-China total trade grew 20.6pc to RM290.65b in 2017

By NST Business KUALA LUMPUR: Total bilateral trade between Malaysia and China grew 20.6 per cent to RM290.65 billion last year from RM240.9 billion in 2016, said Malaysia External Trade Development Corp (Matrade). Its export promotion and market access division director (China and Northeast Asia Section) Ong Yew Chee said total exports accounted for RM126.15 […]

February 23, 2018 | By | Reply More
Scientex to acquire Klang Hock Plastic Industries for RM190m

Scientex to acquire Klang Hock Plastic Industries for RM190m

By NST Business SHAH ALAM: Scientex Bhd has set its eyes on becoming a regional powerhouse in flexible plastic packaging market with the acquisition of Klang Hock Plastic Industries Sdn Bhd (KHPI) for RM190 million. KHPI is a leading manufacturer of custom films and has a diverse customer base of over 450 multinational corporations worldwide, […]

February 23, 2018 | By | Reply More
AirAsia appoints new leader for its logistic arm

AirAsia appoints new leader for its logistic arm

KUALA LUMPUR: AirAsia Bhd has chosen Datuk Mohd Shukrie Mohd Salleh to lead its newly-formed logistic arm, Redbox Logistics. In a twitter posting on Thursday, AirAsia group chief executive officer (CEO) Tan Sri Tony Fernandes announced that the former group chief executive officer of Pos Malaysia Bhd was joining the airline. “Great to announce that […]

February 23, 2018 | By | Reply More
Sime Darby Bhd bullish on continued growth for industrial, motors divisions

Sime Darby Bhd bullish on continued growth for industrial, motors divisions

KUALA LUMPUR: Sime Darby Bhd is upbeat on maintaining its robust growth in industrial and motor divisions for the financial year, ending June 30, 2018 (FY18). Group chief executive officer Jeffri Salim Davidson said the multinational company would focus on expanding its core businesses, driven by encouraging performances in the previous quarters. He said the […]

February 23, 2018 | By | Reply More
CMSB records higher earnings, revenue for FY17

CMSB records higher earnings, revenue for FY17

KUALA LUMPUR: Cahya Mata Sarawak Bhd’s (CMSB) net profit rose to RM249.02 million in the financial year ended Dec 31, 2017 (FY17), from RM217.31 million a year earlier. Revenue for the period increased to RM1.61 billion from RM1.55 billion recorded previously while earnings per share rose to 20.03 sen versus 15.75 sen. “The increase in […]

February 23, 2018 | By | Reply More
IOI Corporation registers RM596m net profit, RM2.4b revenue in Q2

IOI Corporation registers RM596m net profit, RM2.4b revenue in Q2

KUALA LUMPUR: IOI Corp Bhd’s net profit surged more than 37 times to RM595.9 per cent in the second quarter (Q2) ended December 31, 2017 from RM15.6 million a year ago. In a filing to Bursa Malaysia today, IOI said this was due mainly to net foreign currency translation gain on foreign currency denominated borrowings […]

February 23, 2018 | By | Reply More
South Korean SK Group signs MoU with Malaysia

South Korean SK Group signs MoU with Malaysia

KUALA LUMPUR: South Korean-based SK Group has signed a memorandum of understanding with Malaysia to invest in the latter to create blue ocean business opportunities in key sectors. The second largest conglomerate by market capitalisation in South Korea, has “bigger aspirations” for its regional head office in Malaysia, to be set up within four months, […]

February 23, 2018 | By | Reply More
Feb 23: Ringgit rebounds to open higher against US dollar

Feb 23: Ringgit rebounds to open higher against US dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar today on a technical correction after three consecutive days of losses. At 9am, the local note stood at 3.9020/9060 against the greenback from Thursday’s close of 3.9150/9190. Against a basket of other major currencies, the ringgit traded mixed. It rose against the Singapore dollar to […]

February 23, 2018 | By | Reply More
Feb 23: Bursa Malaysia opens lower

Feb 23: Bursa Malaysia opens lower

KUALA LUMPUR, Feb 23 (Bernama) — Bursa Malaysia opened lower today, but turned positive after six minutes of trading in tracking the mixed performance of regional peers, as Wall Street closed mixed overnight, dealers said At 9.07 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.68 of a point better at 1,854.82, after […]

February 23, 2018 | By | Reply More
New plant to spur Kossan's 2018 growth

New plant to spur Kossan's 2018 growth

KUALA LUMPUR: Glovemaker Kossan Rubber Industries Bhd which is already operating at full capacity, expects newly completed factory in Jalan Meru to underpin the group’s growth this year. The new factory, known as Plant 16, will add three billion pieces of gloves a year to its production, boosting the group’s capacity to 25 billion pieces […]

February 22, 2018 | By | Reply More