Author Archive: The Sun Daily

rss feed

Author's Website

Felda to sell assets, restructure loans and boost cash flow to reduce debts

Felda to sell assets, restructure loans and boost cash flow to reduce debts

KUALA LUMPUR: Malaysia’s state oil palm plantation agency said yesterday it will sell assets, including property in London, restructure some loans and try to boost cash flow in a bid to trim debts. Tan Sri Megat Zaharuddin Megat Mohd Nor, who took over as chairman of the Federal Land Development Authority (Felda) in July, said […]

September 20, 2018 | By | Reply More
Two PanPages directors resign

Two PanPages directors resign

PETALING JAYA: PanPages Bhd directors Yap Chor How and Yeap Weng Hong have resigned, a day after the group reappointed its CEO and ousted directors. In filings with Bursa Malaysia, the group said Chor How, executive director and Yeap, non-independent and non-executive director have resigned immediately citing personal reasons. Chor How is Yeap’s nephew. Chor […]

September 20, 2018 | By | Reply More
Scientex posts record RM289.8m net profit for FY18

Scientex posts record RM289.8m net profit for FY18

PETALING JAYA: Scientex Bhd’s net profit for the fourth quarter ended July 31, 2018 rose 22.40% to RM88.29 million from RM72.13 million a year ago due to higher profits from its manufacturing and property divisions. In a filing with Bursa Malaysia yesterday, the group said its manufacturing division’s profit from operations increased to RM26.3 million […]

September 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 investors’ demand for the currency improved amid unclear foreign exchange trajectory, said a dealer. At 6pm, the local unit rose to 4.1350/1400 against the greenback from 4.1415/1445 on Wednesday. Oanda head of trading for Asia-Pacific Stephen Innes, however, said currency markets endured a […]

September 20, 2018 | By | Reply More
Bursa Malaysia ends higher on continued buying momentum

Bursa Malaysia ends higher on continued buying momentum

KUALA LUMPUR: Bursa Malaysia ended higher for the second consecutive day today on continued buying interest in selected heavyweights and finance counters, and in line with most regional bourses, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 2.99 points to close at 1,803.70 versus Wednesday’s 1,800.70. After opening 3.30 points higher at […]

September 20, 2018 | By | Reply More
Brem Holdings bidding for RM2b jobs

Brem Holdings bidding for RM2b jobs

PETALING JAYA: Brem Holdings Bhd, which is involved in civil engineering, construction, property development and water supply services, is currently tendering for up to RM2 billion worth of projects. “We hope that we can secure about 20% of our (overall) tender bids,” managing director Tan Sri Khoo Chai Kaa told reporters after the group’s AGM […]

September 20, 2018 | By | Reply More
Brem Holding bidding for RM2b jobs

Brem Holding bidding for RM2b jobs

PETALING JAYA: Brem Holding Bhd, which is involved in civil engineering, construction, property development and water supply services, is currently tendering for up to RM2 billion worth of projects. “We hope that we can secure about 20% of our (overall) tender bids,” managing director Tan Sri Khoo Chai Kaa told reporters after the group’s AGM […]

September 20, 2018 | By | Reply More
AirAsia's share price rise 2 sen after incorporating new unit in India

AirAsia's share price rise 2 sen after incorporating new unit in India

PETALING JAYA: AirAsia Group Bhd’s share price rose as much as 2 sen this morning after it incorporated a new wholly owned subsidiary in India. At midday, the stock was 0.33% or 1 sen higher at RM3.07 with 1.72 million shares traded. The stock traded at a high of RM3.08 during early trade, 2 sen […]

September 20, 2018 | By | Reply More
Out-of-classroom education

Out-of-classroom education

IF there is only one economist you’ve heard of, it’s likely to be Adam Smith – arguably the best known of all economists, often referred to as the “father of capitalism”. In his text “The Wealth of Nations”, Smith details the guiding principles of political economy; his image is on the back of the British […]

September 20, 2018 | By | Reply More
Glomac shares rise despite lower earnings in Q1

Glomac shares rise despite lower earnings in Q1

PETALING JAYA: Glomac Bhd’s share price rose as much as 1.22% this morning despite reporting lower earnings in the first quarter ended July 31. The stock traded at a high of 41.5 sen during early trade, half sen higher than its last adjusted closing price of 41 sen. At 11.29am, the share price stood at […]

September 20, 2018 | By | Reply More