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Govt is not taking over Proton, says Mustapa

Govt is not taking over Proton, says Mustapa

KUALA LUMPUR: The government has no intention of converting the RM1.25 billion redeemable convertible cumulative preference shares (RCCPS) in Proton Holdings Bhd into ordinary shares and is not taking over the national carmaker. In a statement, International Trade and Industry Minister, Datuk Seri Mustapa Mohamed, said the funding was part of the RM1.5 billion soft […]

June 9, 2016 | By | Reply More
Paving way for unified aviation mart

Paving way for unified aviation mart

THE Asia Pacific continues to boost the global aviation industry, with demand for air travel in the region steadily increasing over the past few years, despite volatile market conditions. According to International Air Transport Association (IATA), carriers in the Asia Pacific recorded an 8.2 per cent growth last year, the highest rise from the three […]

June 9, 2016 | By | Reply More
Allianz:  Malaysia to grow by 4.2% this year

Allianz: Malaysia to grow by 4.2% this year

KUALA LUMPUR: Challenging external conditions both in terms of trade and capital flows will likely lead Malaysia to see a 4.2 per cent growth this year says Allianz. Chief economist Prof Michael Heise expects it to be supported by consumption activities as a result of households and strong employment. “Sound private gross fixed capital formation […]

June 9, 2016 | By | Reply More
'Risks of rating downgrade low'

'Risks of rating downgrade low'

KUALA LUMPUR: A SOVEREIGN credit downgrade for Malaysia is unlikely even if the government exceeds its public debt to gross domestic product (GDP) level of 55 per cent, said economists. Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said risks of a credit downgrade were quite low at this juncture. “The concern […]

June 9, 2016 | By | Reply More
IHH unit in Shanghai venture

IHH unit in Shanghai venture

KUALA LUMPUR: IHH Healthcare Bhd’s unit, Parkway Pantai Ltd, and partner Shanghai Hongxin Medical Investment Holding Co Ltd will build a 450-bed multi-specialty tertiary hospital in Shanghai. They will build ParkwayHealth Shanghai International Hospital on a 35,754 sq m site with a 50-year lease. Parkway Pantai owns a 70 per cent stake in the joint […]

June 9, 2016 | By | Reply More
Ringgit at 4.03 against USD

Ringgit at 4.03 against USD

KUALA LUMPUR: The ringgit opened higher against the US dollar today on renewed buying demand and amid an increase in overnight crude oil prices. At 9.01am, the local unit was quoted at 4.0380/0450 against the greenback from 4.0590/0640 at 5pm on Wednesday. A dealer said the ringgit strengthened in early trade, taking cue from the […]

June 9, 2016 | By | Reply More
KL shares open lower but turn higher soon after

KL shares open lower but turn higher soon after

KUALA LUMPUR: Bursa Malaysia opened lower this morning, but turned higher soon after, as traders showed some mild buying support, dealers said. At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.08 points up at 1,659.93 from last Wednesday’s close of 1,657.85. The index opened 0.32 of-a-point lower at 1,657.53. Market breadth […]

June 9, 2016 | By | Reply More
Eco World, PDC agree to rescind LOA for Eco Marina project

Eco World, PDC agree to rescind LOA for Eco Marina project

GEORGE TOWN: Eco World Development Group Bhd and Penang Development Corp (PDC) have agreed to rescind the letter of award (LOA) for the proposed RM10 billion Eco Marina mixed development project which includes a golf course at Batu Kawan on mainland Penang. Eco World told Bursa Malaysia today that this is because studies carried out […]

June 8, 2016 | By | Reply More
RAM continues to deliver

RAM continues to deliver

KUALA LUMPUR: RAM Holdings Bhd continues to deliver a commendable performance 2015 despite it being a challenging year. RAM chairman Tan Sri Siti Norma Yaakob said the company has crossed business frontiers and become a force to be reckoned with in the ASEAN credit rating arena after being established for 25 years. On 2016’s outlook, […]

June 8, 2016 | By | Reply More
Media Prima partners with F&N for 'Syukur Selalu' campaign

Media Prima partners with F&N for 'Syukur Selalu' campaign

PETALING JAYA: Media Prima Television Networks has established a collaboration with Fraser & Neave Holdings Bhd (F&N) as the official partner for its ‘Syukur Selalu’ campaign. This year, F&N is contributing RM200,000 to Media Prima’s charity fund ‘Tabung Bersamamu’ to ease the burden of the less fortunate communities. ‘Tabung Bersamamu’ has, over the years, helped […]

June 8, 2016 | By | Reply More