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DNeX unit gets time extension to challenge MyCC's proposed RM17.4m fine

DNeX unit gets time extension to challenge MyCC's proposed RM17.4m fine

PETALING JAYA: Dagang Nexchange Bhd’s (DNeX) wholly owned subsidiary Dagang Net Technologies Sdn Bhd has obtained an extension of time until Sept 3 to make an oral representation to the Malaysia Competition Commission (MyCC) with regard to a proposed RM17.4 million fine for alleged abuse of dominant power. DNeX is challenging MyCC’s proposed decision. MyCC […]

August 20, 2018 | By | Reply More
Hess' Southeast Asian oil & gas assets draw interest

Hess' Southeast Asian oil & gas assets draw interest

SINGAPORE: The Southeast Asian offshore natural gas assets of US oil and gas producer Hess Corp, estimated to be worth as much as US$5 billion (RM22.05 billion), have attracted takeover interest from firms including Thailand’s PTTEP PCL and Austrian energy group OMV AG, people familiar with the matter said. Hess, which has a collection of […]

August 20, 2018 | By | Reply More
‘Supplementary budget not needed’

‘Supplementary budget not needed’

PUTRAJAYA: The government does not need a supplementary budget for now as the country’s fiscal deficit is under control, says Deputy Finance Minister Datuk Ir Amiruddin Hamzah. He said a well-managed and sustainable fiscal deficit will strengthen Malaysia’s economy and the country will not need to borrow again. “We will not need a supplementary as […]

August 20, 2018 | By | Reply More
AirAsia perks for PUMM members

AirAsia perks for PUMM members

SEPANG: AirAsia has inked a memorandum of understanding (MoU) with Malaysia Entrepreneurs’ Development Association (PUMM) to provide members of the association with more travel flexibility through AirAsia MyCorporate services. MyCorporate is a suite of products exclusively made with the business traveller in mind. It consists of three bundle options, depending on the requirements of the […]

August 20, 2018 | By | Reply More
United Plantations Q2 net profit falls

United Plantations Q2 net profit falls

PETALING JAYA: United Plantations Bhd’s net profit declined 22.4% to RM87.2 million in the second quarter ended June 30 from RM112.4 million in the previous corresponding quarter. Revenue for the quarter decreased 12.8% to RM309.9 million compared with RM355.26 million in the same period last year mainly due to lower revenue from the plantations and […]

August 20, 2018 | By | Reply More
Ringgit ends higher against US dollar

Ringgit ends higher against US dollar

KUALA LUMPUR: The ringgit ended higher against the US dollar today as the effect of the Turkish lira crisis started subsiding while Brent crude oil, which rose to US$72.14 (RM295.86) per barrel, also aided sentiment for the local unit. At 6pm, the local unit appreciated to 4.0990/0200 against the greenback from 4.1050/1080 on Friday. “The […]

August 20, 2018 | By | Reply More
Bursa Malaysia ends higher

Bursa Malaysia ends higher

KUALA LUMPUR: Bursa Malaysia closed higher today on continued buying in selected heavyweights led by Petronas Chemicals, as well as mid and small-cap stocks, in sync with most regional peers, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was firmer at 1,787.58, up 4.11 points or 0.23%, from last Friday’s close […]

August 20, 2018 | By | Reply More
Tune Talk gives away car to college student in contest

Tune Talk gives away car to college student in contest

KUALA LUMPUR: Tune Talk gave away a mini cooper as the grand prize to its subscriber, 22 year-old college student Tay Yi Jing, who participated in the “Win-a-Tune Talk MINI MINEY MOE” contest. Tune Talk’s chief marketing officer Joseph Lim presented presented the prize to Tay at the prize giveaway ceremony at Wisma Tune today. […]

August 20, 2018 | By | Reply More
Teo Seng Capital’s Q2 net loss narrows to RM528,000

Teo Seng Capital’s Q2 net loss narrows to RM528,000

PETALING JAYA: Poultry farmer Teo Seng Capital Bhd’s net loss narrowed to RM528,000 for the second quarter ended June 30, 2018 against RM7.3 million in the previous corresponding period, due to the improved selling price of eggs and lower feed cost. Revenue was up 7.8% to RM102.73 million from RM95.27 million. The group has proposed […]

August 20, 2018 | By | Reply More
Malaysian economy to continue to expand at slower pace in Q4: Statistics Department

Malaysian economy to continue to expand at slower pace in Q4: Statistics Department

PETALING JAYA: The moderate current trend anticipates that Malaysia’s economy will continue expanding at a slower pace between October to December 2018, according to the Department of Statistics. The Leading Index (LI), which monitors the economic performance in average of four to six months ahead, saw an annual change of 0.3% in June 2018 as […]

August 20, 2018 | By | Reply More