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Emerging stocks falter on growth concerns

Emerging stocks falter on growth concerns

BENGALURU: Plunging oil prices and a weaker dollar lifted most emerging currencies today but failed to boost emerging shares weighed down by Chinese growth concerns. The emerging currency index firmed with the extended oil slide boosting currencies of big energy importers such as India, Turkey, Indonesia and the Philippines. The rupee rallied to a near […]

November 14, 2018 | By | Reply More
Dialog boosts FY19 capex to nearly RM1 billion

Dialog boosts FY19 capex to nearly RM1 billion

KUALA LUMPUR: Dialog Group Bhd, which is exploring opportunities in petrochemical industry to grow its recurring income, has allocated close to RM1 billion for capital expenditure in financial year 2019 (FY19), a 50% increase from RM500 million in FY18. “We have allocated quite substantial capex (for FY19) … RM150 million for internal capital investment, which […]

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Ministry clarifies NPLs of Malaysian SMEs not among world's highest

Ministry clarifies NPLs of Malaysian SMEs not among world's highest

JOHOR BARU: The Entrepreneur Development Ministry clarified today that the non-performing loans (NPLs) related to small and medium entrepreneurs (SMEs) as reported in the media referred to the NPLs of development financial institutions (DFIs). In a statement issued here, the ministry said the NPL ratio of the DFIs stands at 15%, according to official figures […]

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SP Setia’s third quarter profit down 81%

SP Setia’s third quarter profit down 81%

PETALING JAYA: SP Setia Bhd’s net profit plunged 81.3% to RM65.19 million for the third quarter ended Sept 30, 2018 against RM348.89 million in the previous corresponding period, due to lower contribution from property development following the completion of Phase 1 of the Battersea Power Station project. Its revenue also slipped 6.1% to RM993 million […]

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Poll: Pick-up in Malaysia’s economic growth in Q3

Poll: Pick-up in Malaysia’s economic growth in Q3

KUALA LUMPUR: Malaysia likely had slightly faster economic growth in the third quarter, a Reuters poll showed, which would snap a three-quarter streak of slowing expansion even as external demand remains weak. The median forecast from 15 economists is for annual growth of 4.6% in July-September, a marginal rise from the previous quarter’s 4.5% pace. […]

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Matrix Concepts posts record RM898.6m sales

Matrix Concepts posts record RM898.6m sales

PETALING JAYA: Matrix Concepts Holdings Bhd’s net profit for the second quarter ended Sept 30, 2018 rose 2.2% to RM52.94 million from RM51.83 million a year ago due to an enlarged revenue base. In a filing with Bursa Malaysia, the group said its margins during the quarter were moderated due to fewer higher-premium property launches […]

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Fortis to spend big chunk of IHH funds to buy leased assets

Fortis to spend big chunk of IHH funds to buy leased assets

NEW DELHI: India’s Fortis Healthcare Limited said a big chunk of the 40 billion rupees investment it has received from Malaysian hospital operator IHH Healthcare Bhd will be used to buy its leased properties in India. There are about a dozen hospital facilities Fortis operates on leased property and their acquisition will save the company […]

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Med clarifies on articles by media outlets

Med clarifies on articles by media outlets

JOHOR BARU: The Entrepreneur Development Ministry (MED) today clarified that the non-performing loans (NPLs) related to small and medium entrepreneurs (SMEs) as reported in several media outlets yesterday referred to the NPLs of Development Financial Institutions (DFIs). In a statement here today, the ministry said the NPL ratio of the DFIs currently stands at 15% […]

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Late buying lifts Bursa Malaysia to end at intra-day high

Late buying lifts Bursa Malaysia to end at intra-day high

KUALA LUMPUR: Bursa Malaysia rebounded to end at an intra-day high today, lifted by last-minute buying in index-linked counters amid a mixed performance on regional bourses. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.84 point, or 0.05%, firmer at 1,688.41 from Tuesday’s close of 1,687.57. The index opened 1.88 points easier […]

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RSPO: Certification cost remains main issue for smallholders

RSPO: Certification cost remains main issue for smallholders

Kota Kinabalu: With the Roundtable on Sustainable Palm Oil’s (RSPO) Smallholder Standard still in the works, cost of certification is still a challenge faced by the group, that still has some way to go in producing sustainable palm oil. The new Smallholder Standard is to be applicable to independent smallholders only. This standard will enable […]

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