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FBM KLCI slides below 1,700 points to 16-month low

FBM KLCI slides below 1,700 points to 16-month low

PETALING JAYA: The local stock market’s benchmark index slipped below the 1,700-point phychological level today as investors were spooked by continued uncertainy in the trade spat between the US and China. The FBM KLCI sank as much as 27.86 points or 1.63% to 1,681.89 points, its lowest level since January 2017. At the close of […]

June 21, 2018 | By | Reply More
21/06/2018 21:17:24

21/06/2018 21:17:24

21/06/2018 21:17:24

June 21, 2018 | By | Reply More
Opec confident of deal ahead of crucial talks with partners

Opec confident of deal ahead of crucial talks with partners

VIENNA: Organisation of the Petroleum Exporting Countries (Opec) energy ministers expressed optimism today they were nearing a compromise on oil output policy, with Saudi Arabia acknowledging that a big production increase would be “politically unacceptable” to arch foe Iran. Opec and non-Opec partner countries are due to hold crunch talks here today and tomorrow to […]

June 21, 2018 | By | Reply More
Lower broadband prices will eat into TM's earnings: Analysts

Lower broadband prices will eat into TM's earnings: Analysts

PETALING JAYA: Analysts have slashed earnings forecasts for Telekom Malaysia Bhd (TM) by as much 20% after Multimedia and Communications Minister Gobind Singh Deo indicated that broadband prices will drop by at least 25% by year-end. The news also sent TM’s share price down by as much as 14% today to a day low of […]

June 21, 2018 | By | Reply More
Aeon Wallet to be launched in August

Aeon Wallet to be launched in August

KUALA LUMPUR: Aeon Credit Service (M) Bhd is targeting to launch its cashless payment service Aeon Wallet in August, which will become another core business segment for the group. Aeon Credit, a subsidiary of Aeon Financial Service Co Ltd Japan, is principally engaged in consumer finance operations through provision of easy payment and hire purchase […]

June 21, 2018 | By | Reply More
Berjaya Food returns to the black in fourth quarter

Berjaya Food returns to the black in fourth quarter

PETALING JAYA: Berjaya Food Bhd (BFood) swung to the black registering a net profit of RM837,000 for the fourth quarter ended April 30 against a net loss of RM3.37 million in the previous corresponding period, mainly due to higher profit contributions from Starbucks’ operations in tandem with the higher revenue. In addition, there was no […]

June 21, 2018 | By | Reply More
Sapura Energy wins contracts worth RM1.8 billion

Sapura Energy wins contracts worth RM1.8 billion

PETALING JAYA: Sapura Energy Bhd has secured nine new contracts valued at RM1.8 billion, bringing the accumulative value in contract wins to date to RM4.5 billion for the group. The combined value represents a three fold jump compared with the value achieved in the same corresponding period of the previous year, between February to June […]

June 21, 2018 | By | Reply More
Kenanga appointed underwriter of Nova Wellness IPO

Kenanga appointed underwriter of Nova Wellness IPO

KUALA LUMPUR: Nova Wellness Group Bhd, which is involved in the nutraceutical industry in Malaysia, has signed an official underwriting agreement recently with Kenanga Investment Bank Bhd for its initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd (Bursa Securities). Kenanga Investment will act as the company’s principal adviser, underwriter and […]

June 21, 2018 | By | Reply More
Macquarie expects shift to index warrants to continue amid market volatility

Macquarie expects shift to index warrants to continue amid market volatility

PETALING JAYA: Macquarie Malaysia expects the shift to index warrants to continue as volatility in the market increases. This is especially for investors looking to profit from any short-term falls in prices, as put warrants are one of the few ways that Malaysian investors can profit from falls in the stock market, according to head […]

June 21, 2018 | By | Reply More
Mavcom focused on passenger/consumer protection

Mavcom focused on passenger/consumer protection

KUALA LUMPUR: In the face of criticisms against the Malaysian Aviation Commission (Mavcom), its executive chairman says the airline and airport industry regulator is more focused on passenger/consumer protection. Tan Sri Abdullah Ahmad, a retired Air Force general, said that since its formation two years ago, Mavcom had received over 3,900 public complaints and managed […]

June 21, 2018 | By | Reply More