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UEM’s Q3 earnings more than doubled to RM86m

UEM’s Q3 earnings more than doubled to RM86m

PETALING JAYA: UEM Sunrise Bhd’s net profit more than doubled to RM86.6 million for the third quarter ended Sept 30, 2017 against RM36.33 million in the same quarter a year ago, underpinned by strong construction progress from its international and local projects, inventory monetisation initiatives and a gain from the disposal of its land in […]

November 20, 2017 | By | Reply More
India’s biggest tax hike may cut palm oil imports

India’s biggest tax hike may cut palm oil imports

MUMBAI: India’s palm oil imports are likely to drop until the end of the year after the world’s largest edible oils buyer raised import taxes to the highest in more than a decade, importers and dealers said. India announced late on Friday that it raised its import tax on crude palm oil to 30% from […]

November 20, 2017 | By | Reply More
RSPO optimistic over certification

RSPO optimistic over certification

SANDAKAN: The Roundtable of Sustainable Palm Oil (RSPO), a leading not-for-profit body that provides certification for sustainable palm oil, is optimistic that the entire 150 growers worldwide under its scheme will be able to obtain RSPO certification in five years, more than double of the 72 growers certified now. In 2016, Malaysia made up 30.91% […]

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Malaysia’s top CPO producer stepping up efforts for CSPO recognition

Malaysia’s top CPO producer stepping up efforts for CSPO recognition

SANDAKAN: Malaysia’s top crude palm oil producing (CPO) state Sabah, is stepping up efforts to pool together its large number of plantation smallholders to achieve economies of scale and efficiency in full compliance of the Certified Sustainable Palm Oil (CSPO) by 2025, under a jurisdictional programme. Non-governmental organisation Forever Sabah board chair and chief executive […]

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Mieco Chipboard’s third quarter earnings jump three-fold

Mieco Chipboard’s third quarter earnings jump three-fold

PETALING JAYA: Mieco Chipboard Bhd’s net profit for the third quarter ended Sept 30, 2017 jumped more than three-fold to RM15.62 million from RM4.23 million a year ago driven by higher selling price and improved production efficiency. In a filing with Bursa Malaysia today, the group said its performance a year ago was also lower […]

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KKB Engineering posts RM4.97m net profit in Q3

KKB Engineering posts RM4.97m net profit in Q3

PETALING JAYA: KKB Engineering Bhd has posted a net profit of RM4.97 million for the third quarter ended Sept 30, 2017 (Q3), from a net loss RM135,000 in the previous corresponding quarter on the back of higher revenue. Revenue for the quarter surged 78.3% to RM49.3 million, compared with RM27.6 million in the same period […]

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Foreign selling returns to Bursa

Foreign selling returns to Bursa

PETALING JAYA: Foreign selling returned to Bursa last week, with international investors dumping RM297.1 million net of Malaysian equities, the highest weekly attrition recorded in seven weeks. “Foreign selling returned to Bursa at a rather intensified level compared with the amount disposed in the past six weeks that did not exceed RM100 million net,” MIDF […]

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Malaysia’s Social Accounting Matrix launched

Malaysia’s Social Accounting Matrix launched

PETALING JAYA: The Department of Statistics Malaysia (DOSM) today launched the inaugural report on Malaysia’s Social Accounting Matrix (SAM). It said in a statement that SAM is a detailed framework that portrays comprehensive data for a particular year and it integrates the economic and social statistics as well as linkages among the institutions in Malaysia, […]

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Ringgit continues upward momentum to end higher

Ringgit continues upward momentum to end higher

KUALA LUMPUR: The ringgit continued its upward momentum to end higher against the US dollar today on positive sentiment brought by expectations of Malaysia’s stronger growth, dealers said. At 6pm, the local unit traded at 4.1480/1510 against the greenback from 4.1600/1630 last Friday. A dealer said the ringgit continued to respond to the positive spillover […]

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Ringgit continues upward momentum to end higher

Ringgit continues upward momentum to end higher

KUALA LUMPUR: The ringgit continued its upward momentum to end higher against the US dollar today on positive sentiment brought by expectations of Malaysia’s stronger growth, dealers said. At 6 pm, the local unit traded at 4.1480/1510 against the greenback from 4.1600/1630 last Friday. A dealer said the ringgit continued to respond to the positive […]

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