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UEM Sunrise on path to RM1.2bil sales target

UEM Sunrise on path to RM1.2bil sales target

KUALA LUMPUR: UEM Sunrise Bhd is on track to meet its target sale of RM1.2 billion in the financial year 2017 after registering property bookings of RM851.2 million to date, said PublicInvest Research. “We believe that the group’s sales should pick up speed in the final quarter, hence remaining on track to meet its sales […]

November 21, 2017 | By | Reply More
Nov 21: Bursa Malaysia opens higher

Nov 21: Bursa Malaysia opens higher

KUALA LUMPUR: Share prices on Bursa Malaysia rebounded to open higher, after yesterday’s losses, on renewed buying interest, dealers said. At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.59 points firmer at 1,719.95 from Monday’s close of 1,718.36. The index opened 0.47 of-a-point stronger at 1,718.83. One dealer said the uptrend […]

November 21, 2017 | By | Reply More
One bitcoin now worth US$8,000

One bitcoin now worth US$8,000

LONDON: Bitcoin hit a new record high on Monday after smashing through the US$8,000 level for the first time over the weekend, marking an almost 50 per cent climb in just eight days. The new high came after leading US payments company Square Inc said late last week that it had started allowing select customers […]

November 21, 2017 | By | Reply More
Malaysia should climb world talent ranking on better economic landscape

Malaysia should climb world talent ranking on better economic landscape

KUALA LUMPUR: Against a backdrop of improving economic conditions, Malaysia will likely improve its position in the annual IMD World Talent Ranking next year in attracting foreign talent. Professor Arturo Bris, who is the director of the Switzerland-based Institute for Management Development (IMD) business school, said the future also holds bright for Malaysia with the […]

November 21, 2017 | By | Reply More
Malaysia should climb world talent ranking on better economic landscape

Malaysia should climb world talent ranking on better economic landscape

KUALA LUMPUR: Against a backdrop of improving economic conditions, Malaysia will likely improve its position in the annual IMD World Talent Ranking next year in attracting foreign talent. Professor Arturo Bris, who is the director of the Switzerland-based Institute for Management Development (IMD) business school, said the future also holds bright for Malaysia with the […]

November 20, 2017 | By | Reply More
Ranhill Holdings to buy Australian firm for AU$3.2mil

Ranhill Holdings to buy Australian firm for AU$3.2mil

KUALA LUMPUR: Ranhill Holdings Bhd, via its its wholly-owned subsidiary Ranhill Capital Sdn Bhd, is buying Australia’s Northern Power Group Pty Ltd (NPG) for AU$3.2 million. The acquisition will enable the group to participate in a new power project in Australia’s Northern Territory, it said in a filing to Bursa Malaysia today. Ranhill Capital has […]

November 20, 2017 | By | Reply More
SunCon Q3 profit rose to RM34.6 million

SunCon Q3 profit rose to RM34.6 million

KUALA LUMPUR: Sunway Construction Group Bhd (SunCon) saw its net profit rising 11 per cent to RM34.6 million for the third quarter ended Sept 30, 2017 (3QFY17) from RM31.14 million last year, on the back of higher contribution from the construction segment. Quarterly revenue rose 28.9 per cent to RM491.36 million from RM381.05 million a […]

November 20, 2017 | By | Reply More
Heng Huat's factory fire incident had no material impact

Heng Huat's factory fire incident had no material impact

November 20, 2017 @ 10:01pm KUALA LUMPUR: Heng Huat Resources Group Bhd said a fire at its plant in Gua Musang, Kelantan on November 17, did not have any material impact on the company’s operations. In a filing on Bursa Malaysia today, Heng Huat said the majority of production lines in the facility — operated […]

November 20, 2017 | By | Reply More
Palm drops 3% as India raises import tax on edible oils

Palm drops 3% as India raises import tax on edible oils

SINGAPORE: Malaysian palm oil futures fell to their lowest in three months on Monday evening as sentiment took a hit from India’s move to raise import tax on edible oils to its highest in over a decade. India, the world’s largest importer of edible oils, said it would raise import tax on crude palm oil […]

November 20, 2017 | By | Reply More
Goldman Sachs sees Fed raising rates four times in 2018

Goldman Sachs sees Fed raising rates four times in 2018

NEW YORK: Goldman Sachs said it expects a tight US labour market and more normal inflation picture will lead the Federal Reserve to hike interest rates four times next year. “The US economy heads into 2018 with strong growth momentum and an unemployment rate already below levels that Fed officials view as sustainable,” Goldman’s economists […]

November 20, 2017 | By | Reply More