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FGV share price gains two sen

FGV share price gains two sen

PETALING JAYA: Felda Global Ventures Holdings Bhd’s (FGV) share price traded two sen higher in the morning session of trading after news that a domestic inquiry by the group into its president and CEO Datuk Zakaria Arshad and CFO Ahmad Tifli Mohd Talha would take another month to conclude. The stock hit a high of […]

July 18, 2017 | By | Reply More
Ibraco hits a high of 91 sen on Mukah airport job

Ibraco hits a high of 91 sen on Mukah airport job

PETALING JAYA: Ibraco Bhd’s share price hit a high of 91 sen in early morning trade, after announcing a RM302.64 million contract awarded by the Sarawak Public Works Department for the construction of an airport in Mukah. As at 11.51 am the stock was trading one sen higher at 89 sen, with some 78,200 shares […]

July 18, 2017 | By | Reply More
Analysts say Ibraco has capability to build Mukah airport

Analysts say Ibraco has capability to build Mukah airport

PETALING JAYA: Analysts are confident that Ibraco Bhd is capable of undertaking the Mukah airport construction job, despite this being the first such job for the group. TA Securities said Ibraco’s construction division, which was established in 2002, has the ability to carry out earthwork, civil, building and structural works for residential, commercial and industrial […]

July 18, 2017 | By | Reply More
Possible TPP decision in November

Possible TPP decision in November

PETALING JAYA: The 11 remaining countries of the Trans-Pacific Partnership (TPP) is looking to come to decision on the way forward for the agreement, when leaders meet on the sidelines of the Asia Pacific Economic Cooperation (APEC) meeting in Manila in November. “There might be a decision then,” International Trade and Industry Minister Datuk Seri […]

July 18, 2017 | By | Reply More
Ringgit eases against US dollar in early trade

Ringgit eases against US dollar in early trade

KUALA LUMPUR: The ringgit opened lower against the US dollar today on cautious sentiment ahead of an economic data to be released tomorrow. At 9am, the local unit stood at 4.2900/2930 against the greenback from Monday’s close of 4.2860/2890 but strengthened thereafter to 4.2860/2890 at 9.58am. FXTM Research Analyst Lukman Otunuga said June’s inflation report […]

July 18, 2017 | By | Reply More
Bursa Malaysia opens lower but recovers thereafter

Bursa Malaysia opens lower but recovers thereafter

KUALA LUMPUR: Bursa Malaysia opened lower but picked up momentum thereafter as investor interest returned to the market, a dealer said. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,756.57 points, up 1.38 points from Monday’s close of 1,755.19. The key index opened 2.95 points lower at 1,758.14. Gainers led losers […]

July 18, 2017 | By | Reply More
FGV: One more month to resolve issues, domestic inquiry to start next Monday,

FGV: One more month to resolve issues, domestic inquiry to start next Monday,

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV), whose share price has been on a steady decline since end June, will need at least another month to resolve the issues related to the alleged breach of procedures at its subsidiary Delima Oil Products Sdn Bhd. Acting chairman Tan Sri Sulaiman Mahbob said the domestic inquiry […]

July 17, 2017 | By | Reply More
Singapore June year-on-year export growth beats expectation

Singapore June year-on-year export growth beats expectation

SINGAPORE: Singapore’s non-oil domestic exports grew faster than expected in June from a year earlier, thanks to continued growth in electronics shipments as well as a rebound in non-electronic products. Exports grew 8.2% from June last year, data from trade agency International Enterprise Singapore showed yesterday, beating a Reuters poll that predicted a 4.1% expansion. […]

July 17, 2017 | By | Reply More
Ibraco lands Mukah airport deal worth RM302.6m

Ibraco lands Mukah airport deal worth RM302.6m

PETALING JAYA: A plan to give Mukah, Sarawak, a proper airport has been set into motion, some eight years after it was first mooted. Reports from as early as December 2009 cited plans to give Mukah’s short takeoff and landing terminal a RM600 million revamp to turn it into an airport to cater to the […]

July 17, 2017 | By | Reply More
Celcos to feel pinch in profitability: RAM

Celcos to feel pinch in profitability: RAM

PETALING JAYA: The leverage indicators of Malaysian cellular operators (celcos) are expected to gradually deteriorate in this maturing and slower growth environment, said RAM Ratings co-head of infrastructure and utilities ratings Davinder Kaur Gill. This depends on factors such as intensity of competition in the industry and the magnitude of any larger-than-expected capex, in addition […]

July 17, 2017 | By | Reply More