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Raw sugar cost up RM24 million in 2015: CSR Sdn Bhd

Raw sugar cost up RM24 million in 2015: CSR Sdn Bhd

SUBANG JAYA: The devaluation of the ringgit is having an impact on Central Sugars Refinery Sdn Bhd (CSR) which imports raw sugar as these commodities are priced in US dollars. The company gets its raw material from Brazil and Australia. Central Sugars Refinery Sdn Bhd CEO Abdul Karim Md Lassim said that, in 2015, the […]

January 21, 2016 | By | Reply More
O&G energy companies pin hopes on recalibrated Budget 2016

O&G energy companies pin hopes on recalibrated Budget 2016

LABUAN: Oil and gas (o&g) and energy companies in the country are banking on the recalibrated Budget 2016 to work in their favour to help the industry evolve. The industry players hope that the budget revision would bring shine back to the industry as they are buckling up for another rough year, Datuk Yussof Mohammad, […]

January 21, 2016 | By | Reply More
Lower oil prices will have 'manageable' impact on KLCI: AffinHwang Capital

Lower oil prices will have 'manageable' impact on KLCI: AffinHwang Capital

KUALA LUMPUR: Lower oil prices will have a ‘manageable’ impact on the KLCI stock market index said AffinHwang Capital Research. It said the upside potential far outstrips it if oil were to rebound. “Although crude oil price has fallen sharply since December 2015 raising fears of dragging the ringgit and the KLCI down with it, […]

January 21, 2016 | By | Reply More
Lower oil prices will have 'manageable' impact on KLCI: Affin Hwang Capital

Lower oil prices will have 'manageable' impact on KLCI: Affin Hwang Capital

KUALA LUMPUR: Lower oil prices will have a ‘manageable’ impact on the KLCI stock market index said Affin Hwang Capital Research. It said the upside potential far outstrips it if oil were to rebound. “Although crude oil price has fallen sharply since December 2015 raising fears of dragging the ringgit and the KLCI down with […]

January 21, 2016 | By | Reply More
Business sector  support for TPP

Business sector support for TPP

KUALA LUMPUR: The local business sector supports Malaysia’s participation in the Trans-Pacific Partnership (TPP) agreement as a key factor to achieve sustainable growth and move into the ranks of a high-income nation. “We believe that it holds immense potential for boosting exports, generating economic growth and creating employment, while promising Malaysian companies and all TPP […]

January 21, 2016 | By | Reply More
MTMA: Textile sector can grow by  30pc

MTMA: Textile sector can grow by 30pc

KUALA LUMPUR: Malaysian textile manufacturers are optimistic that the industry can grow by at least 30 per cent once the Trans-Pacific Partnership (TPP) agreement is implemented. “We are looking forward with optimism at the parliamentary endorsement of the TPP at the end of January. It has been a long wait for the industry since the […]

January 21, 2016 | By | Reply More
Barclays bank to cut 1,000 jobs: report

Barclays bank to cut 1,000 jobs: report

LONDON: Troubled British bank Barclays is to make a new round of job cuts, axing more than 1,000 positions across its New York, London and particularly its Asia divisions, Bloomberg News reported Wednesday. Bloomberg said the job cuts could be announced on Thursday and would “particularly affect employees in Asia“, citing a person briefed on […]

January 21, 2016 | By | Reply More
Ringgit rebounds to open slightly higher against US dollar

Ringgit rebounds to open slightly higher against US dollar

KUALA LUMPUR: The ringgit rebounded to open slightly higher against the US dollar today on renewed buying interest for emerging currencies, including the ringgit, dealers said. At 9.01am, the local unit was traded higher at 4.3715/3785 from 4.3930/4000 against the US dollar on Wednesday. The local currency also performed better against other major currencies. It […]

January 21, 2016 | By | Reply More
Ammi supports TPP for increasing exports of medical devices

Ammi supports TPP for increasing exports of medical devices

KUALA LUMPUR: The Association of Malaysian Medical Industries (AMMI) supports the signing of the Trans-Pacific Partnership Agreement (TPP) to provide wider access for ‘Made-in-Malaysia” medical devices into TPP countries especially the US with whom Malaysia has no trade agreement. The association in a statement today said the medical device industry in Malaysia is dominated by […]

January 21, 2016 | By | Reply More
Futuretech order book to reach RM2.7b following two acquisitions

Futuretech order book to reach RM2.7b following two acquisitions

KUALA LUMPUR: Construction and property development firm Fututech Bhd will enlarge its current order book of RM97.1 million to RM2.7 billion by the end of this month, upon completing its acquisitions of Kerjaya Propspek (M) Sdn Bhd and Permatang Bakti Sdn Bhd. As such, the combined order book for Kerjaya Prospek and Permatang Bakti is […]

January 20, 2016 | By | Reply More