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Sime Darby Plantation expresses interest in India's Ruchi Soya

Sime Darby Plantation expresses interest in India's Ruchi Soya

Sime Darby Plantation expresses interest in India’s Ruchi Soya KUALA LUMPUR: Sime Darby Plantation Bhd (SDPlant), which yesterday announced a 35 per cent net profit surge in the second quarter, is keen to buy into India’s Ruchi Soya Industries Ltd. SDPlant is also looking into selling a minority stake in New Britain Palm Oil Ltd […]

February 22, 2018 | By | Reply More
AliBaba Cloud aims to further enhance local digital economy 

AliBaba Cloud aims to further enhance local digital economy 

NST Business   Alibaba Cloud Malaysia Sdn Bhd (ACM) has expressed the company’s ‘passion and commitment’ to Malaysia’s nation-building efforts and has aligning itself to contribute specifically to the country’s digital economy. “As a locally registered company, ACM is in an ideal position to catalyse digital transformation spanning both the public and private sectors, aiming […]

February 22, 2018 | By | Reply More
Fajarbaru Builder triples net profit on timber segment contribution

Fajarbaru Builder triples net profit on timber segment contribution

KUALA LUMPUR: Fajarbaru Builder Group Bhd’s second quarter net profit more than tripled to RM6.89 million from RM2.18 million a year ago on higher contribution from its timber segment. Earnings per share for the second quarter ended December 31, 2017 (2QFY18) rose to 1.87 sen from 0.6 sen in 2QFY17, the group said in a filing to […]

February 22, 2018 | By | Reply More
Muhibbah Engineering bags RM149m job in Qatar 

Muhibbah Engineering bags RM149m job in Qatar 

February 22, 2018 @ 8:50pm KUALA LUMPUR: Muhibbah Engineering (M) Bhd’s 49 per cent owned Muhibbah Engineering Middle East LLC has bagged a construction project worth approximately RM149 million (Qatari Riyal 143 million) from the Economic Zones Company, Qatar (MANATEQ). The company is owned by the Government of Qatar. In a filing with Bursa Malaysia, it […]

February 22, 2018 | By | Reply More
Eagle High refutes media reports on partnership with Felda

Eagle High refutes media reports on partnership with Felda

NST Business   KUALA LUMPUR: Indonesian oil palm plantation company PT Eagle High Plantations Tbk (EHP) refuted media reports and reiterated that the company has gained significant improvements in its financial position attributed to the synergies stemming from its strategic partnership with Federal Land Development Authority (Felda).   Given these encouraging developments, the company expressed […]

February 22, 2018 | By | Reply More
Media Prima on path to become leading digital-first content and commerce company

Media Prima on path to become leading digital-first content and commerce company

  KUALA LUMPUR: Malaysia’s leading integrated media group, Media Prima Bhd (MPB), is confident that results derived from strategic initiatives undertaken in 2017 would accelerate the group’s transformation into a leading digital-first content and commerce company. In the financial year ended Dec 31 2017 (FY2017), MPB recorded an 89 per cent increase in total digital […]

February 22, 2018 | By | Reply More
Feb 22: Ringgit slips against US dollar for fourth consecutive day

Feb 22: Ringgit slips against US dollar for fourth consecutive day

KUALA LUMPUR: The ringgit ended lower against the US dollar today amidst a discouraging global oil price environment, dealers said. At 6pm, the local note was quoted at 3.9150/9190 versus the greenback from 3.9040/9080 on Tuesday. A dealer said the US dollar rose to a more than one-week peak against a basket of other currencies […]

February 22, 2018 | By | Reply More
Petron posts RM100m net profit in 4Q17

Petron posts RM100m net profit in 4Q17

By NST Business   KUALA LUMPUR: Petron Malaysia Refining & Marketing Bhd (Petron) ended the year with a strong performance in the fourth quarter of 2017, posting a net profit of RM100 million driven by higher sales volumes of 9.1 million barrels. For full year 2017, Petron recorded a net profit of RM405 million, the […]

February 22, 2018 | By | Reply More
Axiata posts 76.9pc jump in net profit of RM1.2b for FY17

Axiata posts 76.9pc jump in net profit of RM1.2b for FY17

By LIDIANA ROSLI lidiana@nst.com.my   KUALA LUMPUR: Axiata Group Bhd (Axiata) posted a jump of 76.9 per cent in its profit after tax (PAT) to hit RM1.2 billion for the financial year ended 31 December 2017 (FY17), against last year’s RM657 million. This, the group said is despite significant losses from its associate companies and […]

February 22, 2018 | By | Reply More
Manufacturing industry to expand in the first half of 2018

Manufacturing industry to expand in the first half of 2018

By Hazwan Faisal Mohamad hazwanfaisal@nstp.com.my   KUALA LUMPUR: The manufacturing industry is projected to record a positive growth in the first half of this year, according to a survey by the Federation of Malaysian Manufacturers (FMM). A survey conducted together with the Malaysian Institute of Economic Research (MIER) involved 414 respondents who are FMM members […]

February 22, 2018 | By | Reply More