Author Archive: New Straits Times

rss feed

Author's Website

AirAsia to boost flight frequencies to cope with demand for GE14

AirAsia to boost flight frequencies to cope with demand for GE14

KUALA LUMPUR: AirAsia will increase its flight frequencies on selected domestic routes to cope with demand for the coming 14th General Elections (GE14). In a statement today, the airline said it would operate 120 additional flights, including 20 using 377-seat Airbus A330 aircraft. “The original May 8-10 travel period for our fixed fares has been […]

April 19, 2018 | By | Reply More
Hektar REIT plans to double asset value to RM2.4b

Hektar REIT plans to double asset value to RM2.4b

KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT) plans to double its asset value to RM2.4 billion with the acquisition of four new retail properties by 2026. Hektar Asset Management Sdn Bhd executive director and chief executive officer Datuk Hisham Othman said the company is currently in talks with several parties over possible acquisitions. […]

April 19, 2018 | By | Reply More
Maxis' posts higher Q1 net profit of RM523m

Maxis' posts higher Q1 net profit of RM523m

KUALA LUMPUR: Maxis Bhd posted a higher net profit of RM523 million in the first quarter (Q1) ended March 31, 2018 from RM502 million a year ago, and strengthened its position as Malaysia’s number one 4G high speed service provider. Maxis’ revenue in the same quarter, however, eased 5.8 per cent to RM2.24 billion from […]

April 19, 2018 | By | Reply More
Malaysia's Maybank prepares to spin off and list insurance unit-sources

Malaysia's Maybank prepares to spin off and list insurance unit-sources

SINGAPORE/KUALA LUMPUR: Malayan Banking Bhd (Maybank), Malaysia’s biggest bank, is preparing to spin off and list its Etiqa insurance arm on the local stock exchange, sources with knowledge of the matter said on Wednesday. Etiqa, which operates in Malaysia, Singapore, the Philippines and Indonesia, is estimated to be worth at least $1 billion, two sources […]

April 19, 2018 | By | Reply More
April 19: Ringgit opens slightly higher against US dollar

April 19: Ringgit opens slightly higher against US dollar

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar today amidst positive sentiment for the local economy and higher global oil prices. At 9.04am, the local note was quoted at 3.8870/8920 from 3.8880/8910 recorded at Wednesday’s close. The ringgit, however, opened mostly lower against a basket of other major currencies. It rose against […]

April 19, 2018 | By | Reply More
Apr 19: Bursa Malaysia opens higher in early trade

Apr 19: Bursa Malaysia opens higher in early trade

KUALA LUMPUR: Bursa Malaysia opened higher this morning supported by buying in key heavyweight counters. At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) improved 6.60 points to 1,885.92 from Wednesday’s closing of 1,879.32. The index opened 9.50 points better at 1,888.83. On the broader market, there were 152 gainers against 69 losers, […]

April 19, 2018 | By | Reply More
Titijaya spent RM150,000 to upgrade school

Titijaya spent RM150,000 to upgrade school

SELANGOR: Developer Titijaya Land Bhd has spent RM150,000 to build new washroom facilities, unclog the sewerage system and replace broken floor tiles at Sekolah Kebangsaan Taman Bukit Maluri. Titijaya’s initiative to give back to the community bodes well for the primary school children and teachers who have had to endure inconvenience. During the course of […]

April 18, 2018 | By | Reply More
PIDM increased total funds and reserves to RM3.6 billion in 2017

PIDM increased total funds and reserves to RM3.6 billion in 2017

by NST Business KUALA LUMPUR: Perbadanan Insurans Deposit Malaysia (PIDM) reported a total income of RM575.4 million with an operational net surplus of RM463.0 million, increasing its total funds and reserves to RM3.6 billion for the year ended Dec 31 2017. Going forward into 2018, PIDM will further enhance its policy framework to implement recovery […]

April 18, 2018 | By | Reply More
UiTM's solar photovoltaic plant in Gambang will generate over RM650m revenue over 21 years

UiTM's solar photovoltaic plant in Gambang will generate over RM650m revenue over 21 years

PUTRAJAYA: Universiti Teknologi Mara (UiTM) will be the first higher learning institution in the world to develop a 50MW large scale solar photovoltaic plant in Gambang, Pahang, once it is completed. The project, which is currently being constructed, is part of efforts to fulfill the national aspiration of promoting Malaysia’s Green Technology, accelerate the country’s […]

April 18, 2018 | By | Reply More
April 18: Ringgit closes higher against US dollar

April 18: Ringgit closes higher against US dollar

KUALA LUMPUR: The ringgit closed marginally higher against the US dollar today as improved oil prices bolstered buying interest for the local note. At 6pm, the local unit was quoted at 3.8880/8910 from 3.8885/8925 on Tuesday. Meanwhile, the ringgit closed mostly higher against a basket of other major currencies. It rose against the Singapore dollar […]

April 18, 2018 | By | Reply More