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RHB Bank aims for 10% share of mortgage market by year-end

RHB Bank aims for 10% share of mortgage market by year-end

PETALING JAYA: RHB Bank Bhd is optimistic of capturing a 10% share of the mortgage market by the end of 2018, from 9.1% in December 2017, and has planned three major mortgage-specific initiatives this year to continue differentiating itself from its peers. RHB retail banking acting head Nazri Othman (pix) said the mortgage portfolio is expected […]

June 12, 2018 | By | Reply More
MAHB welcomes Vincent Tan's proposal to extend Tioman airport runway

MAHB welcomes Vincent Tan's proposal to extend Tioman airport runway

KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) said it welcomes Berjaya Group executive chairman Tan Sri Vincent Tan’s proposal to extend the airport runway on Tioman Island. MAHB managing director Datuk Badlisham Ghazali said today a similar proposal was raised during the previous government’s administration but it was not possible as there was no suitable […]

June 12, 2018 | By | Reply More
George Kent Q1 net profit rises 16%

George Kent Q1 net profit rises 16%

PETALING JAYA: George Kent (Malaysia) Bhd’s net profit for the first quarter ended April 30 rose 16.4% to RM21.54 million from RM18.50 million a year ago, driven by better contribution from its engineering and metering divisions. Its revenue, however, fell 22.9% to RM99.76 million compared with RM129.42 million in the previous year’s corresponding quarter. George […]

June 12, 2018 | By | Reply More
House prices in Malaysia up 5.8% in 12 months to March

House prices in Malaysia up 5.8% in 12 months to March

PETALING JAYA: House prices in Malaysia rose 5.8% for the 12-month period ended March 2018, according to Knight Frank’s Global House Price Index report. In the past six months between the third quarter of 2017 and the end of the first quarter this year, house prices were up 2%, but they fell marginally by 0.1% […]

June 12, 2018 | By | Reply More
Gold price swings take shine off Poh Kong Q3 results

Gold price swings take shine off Poh Kong Q3 results

PETALING JAYA: Poh Kong Holdings Bhd’s net profit for the third quarter ended April 30, 2018 fell 41.8% to RM4.31 million from RM7.4 million a year ago, as the fluctuation of gold prices affected the group’s operating profits. Revenue, however, increased 17.2% to RM240.44 million compared with RM205.23 million in the previous year’s corresponding quarter […]

June 12, 2018 | By | Reply More
Media Prima takes control of Vocket Media for RM2.6 million

Media Prima takes control of Vocket Media for RM2.6 million

PETALING JAYA: Media Prima Bhd is acquiring a 52% stake in Vocket Media Sdn Bhd for RM2.6 million cash to expand its digital business. The group said in a filing with the stock exchange that its indirect wholly owned subsidiary Rev Asia Holdings Sdn Bhd had on June 12 entered into a conditional share sale […]

June 12, 2018 | By | Reply More
Acoustech plans private placement to fund potential acquisition

Acoustech plans private placement to fund potential acquisition

PETALING JAYA: Acoustech Bhd plans to undertake a proposed private placement of up to 10% of its issued share capital, to raise funds for potential acquisition and/or investment. In a filing with Bursa Malaysia yesterday, the group said the proceeds from the proposed private placement would be used to finance any potential acquisition and/or investment […]

June 12, 2018 | By | Reply More
Contributions to EPF up 10.8% in Q1

Contributions to EPF up 10.8% in Q1

KUALA LUMPUR: The Employees Provident Fund (EPF) recorded a 10.83% increase in contributions received in the first quarter (1Q’18) to RM19.24 billion in tandem with the increase in membership, from RM17.36 billion recorded in the same quarter last year. This brought the total accumulated contributions to RM774.48 billion, according to its statement today. As at […]

June 12, 2018 | By | Reply More
Ringgit ends marginally lower against US dollar

Ringgit ends marginally lower against US dollar

KUALA LUMPUR: The ringgit finished marginally lower against the US dollar as demand for the local note dwindled ahead of the US Federal Reserve (Fed) meeting. At 6pm, the ringgit was quoted at 3.9880/9910 against the greenback from Monday’s close of 3.9860/9900. In a statement today, FXTM Research Analyst Lukman Otunuga said the Fed, which […]

June 12, 2018 | By | Reply More
Bursa Malaysia ends lower

Bursa Malaysia ends lower

KUALA LUMPUR: Bursa Malaysia ended lower for the second consecutive day on continuous selling activities in index-linked counters. At the close, the key FTSE Bursa Malaysia KLCI (FBM KLCI) trimmed 11.64 points or 0.66% to 1,764.16, after opening 0.95 of-a-point easier at 1,774.85 against Monday’s close of 1,775.8. The index moved between 1,764.16 and 1,776.1 […]

June 12, 2018 | By | Reply More