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Hematogenix to invest US$15m in cancer research

Hematogenix to invest US$15m in cancer research

PUTRAJAYA: American medical researcher Hematogenix Laboratory Services plans to invest US$15 million to set up a central laboratory on oncology in Malaysia. President and chief executive officer Dr Hytham Al-Masri said the company is looking at an initial investment of US$15 million to set up a central laboratory on oncology, most probably in Cyberjaya. “We […]

April 20, 2018 | By | Reply More
CIMB Thai Q1 profit up 39.3pct to 168.9m baht

CIMB Thai Q1 profit up 39.3pct to 168.9m baht

KUALA LUMPUR: CIMB Thai Bank PCL, a 94.11 per cent-owned subsidiary of CIMB Group Holdings Bhd, recorded a 39.3 per cent year-on-year increase in consolidated net profit to 168.9 million baht (RM1=8.03 baht) for the first quarter ended March 31, 2018. In a statement today, it said, the improvement was mainly attributed to an 8.1 […]

April 20, 2018 | By | Reply More
Top Glove proposes 1-for-1 bonus issue

Top Glove proposes 1-for-1 bonus issue

KUALA LUMPUR: Top Glove Corp Bhd has proposed to undertake a one-for-one bonus issue at an entitlement date to be determined later. In a statement here, the rubber glove manufacturer said, the exercise would see up to 1.28 billion bonus shares issued to the shareholders, whose names appeared in its record of depositors on the […]

April 20, 2018 | By | Reply More
Applications open for Asia-Pacific FinTech Innovation Lab 2018

Applications open for Asia-Pacific FinTech Innovation Lab 2018

KUALA LUMPUR: Applications have opened for Accenture’s annual FinTech Innovation Lab Asia-Pacific, a 12-week programme that helps early- and growth-stage fintech companies accelerate product and business development by gaining exposure to top financial institution executives. In a statement, Accenture said applications can be made at http://www.fintechinnovationlab.com/asia-pacific/ through May 11. Accenture’s Lab marks its fifth year […]

April 20, 2018 | By | Reply More
BMW Group Malaysia unveils the all-new BMW X3, locally assembled

BMW Group Malaysia unveils the all-new BMW X3, locally assembled

KUALA LUMPUR: BMW Group Malaysia is committed to further grow its BMW X presence locally with the introduction of the all-new BMW X3. BMW’s existing X variants comprising the BMW X1, X2, X4, X5 Hybrid and X6. Its managing director and chief executive officer Harald Hoelzl said the all-new BMW X3 would be locally assembled […]

April 20, 2018 | By | Reply More
Foreign inflows into Bursa Malaysia hit the highest in a year on Thursday.

Foreign inflows into Bursa Malaysia hit the highest in a year on Thursday.

KUALA LUMPUR: Foreign inflows into Malaysian’s equity market hit one-year high on Thursday, with a net inflow of RM429.80 million. The net inflow is 389.35 per cent higher than RM87.83 million net inflow on Wednesday. For the week-to-date, Bursa Malaysia registered a total net inflow of RM560.96 million. Although there is still one more day […]

April 20, 2018 | By | Reply More
April 20: Ringgit opens marginally lower against US dollar

April 20: Ringgit opens marginally lower against US dollar

KUALA LUMPUR: The ringgit opened easier against the US dollar today on lack of market demand. At 9.01am, the local unit was quoted at 3.8900/8950 from 3.8890/8920 recorded at Thursday’s close. However, the ringgit traded higher against a basket of other major currencies. It rose against the Singapore dollar to 2.9627/9683 from 2.9694/9728, and appreciated […]

April 20, 2018 | By | Reply More
Apr 20: Bursa Malaysia opens lower in early trade

Apr 20: Bursa Malaysia opens lower in early trade

KUALA LUMPUR: Bursa Malaysia opened lower this morning, dampened by profit taking after the key FTSE Bursa Malaysia KLCI (FBM KLCI) closed at an all-time high of 1,895.18 yesterday. The previous high of the index was 1,892.65, which it attained on July 8, 2014. At 9.05 am today, the FBM KLCI eased 4.61 points to […]

April 20, 2018 | By | Reply More
BAT Malaysia shares remains underpriced

BAT Malaysia shares remains underpriced

ZARINA ZAKARIAH KUALA LUMPUR: British American Tobacco (Malaysia) Bhd’s share of the local cigarette market has grown reasonably well but its share price does not match that. In fact, the company saw its share price decline in tandem with the drop in the size of the legal cigarette market here. BAT Malaysia said there was […]

April 19, 2018 | By | Reply More
Proton to return to Iran

Proton to return to Iran

 KUALA LUMPUR: National automaker Proton Holdings Bhd will be returning to Iran following the setup of Proton Motor Parsian Company (Ltd) (PMPC) on 10th April by Proton’s parent company DRB-Hicom Bhd. DRB in an exchange filing yesterday said PMPC focus of business is to undertake car assembly with completely knocked down and semi knocked down […]

April 19, 2018 | By | Reply More