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FBM KLCI ends sharply higher

FBM KLCI ends sharply higher

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) ended sharply higher today, lifted by selected heavyweights led by Petronas Gas amid the recovery in crude oil prices. At the closing bell, the benchmark index surged 14.63 points to 1,685.36, after moving between 1,674.89 and 1,686.4 throughout the day. Petronas Gas soared 68 sen to […]

December 29, 2015 | By | Reply More
English to the fore

English to the fore

BRITISH Council has come up with Primary Plus courses designed by experts in the field. The courses are designed according to the needs of children in this country and region with content made to raise one’s confidence level in communicative English and provide students with all-round development where the language and communication is concerned. FUN-FILLED […]

December 29, 2015 | By | Reply More
FBM KLCI opens higher

FBM KLCI opens higher

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) opened higher today, lifted by buying interest in selected heavyweights, led by TNB. At 9.15am, the benchmark index rose 6.05 points to 1,676.78, after opening 4.16 points higher at 1,674.89. JF Apex Securities said the FBM KLCI is expected to face some selling pressure today in […]

December 29, 2015 | By | Reply More
Inix hopes to turn around in FY16

Inix hopes to turn around in FY16

SHAH ALAM: Loss making ICT solutions provider Inix Technologies Holdings Bhd is hopeful that it can return to the black for the financial year ending July 31, 2016 (FY16) following its diversification into the dredging and land reclamation services industry, according to executive director Mohd Anuar Mohd Hanadzlah. “At the present scenario, I would say […]

December 28, 2015 | By | Reply More
Bumi Armada gets up to US$1.12b facility for FPSO project

Bumi Armada gets up to US$1.12b facility for FPSO project

PETALING JAYA: Bumi Armada Bhd’s unit Armada Cabaca Ltd has secured a US$1.12 billion (RM4.81 billion) syndicated facility comprising a term loan, standby letter of credit and bank guarantee to part finance a floating production, storage and offloading (FPSO) project. In a filing with Bursa Malaysia yesterday, Bumi Armada said the facility is intended for […]

December 28, 2015 | By | Reply More
Selangor Properties’ Q4 net profit jumps to RM484 million

Selangor Properties’ Q4 net profit jumps to RM484 million

PETALING JAYA: Selangor Properties Bhd’s net profit surged more than 16-fold to RM483.82 million for the fourth quarter ended Oct 31, 2015, compared with RM29.51 million in the previous corresponding period, mainly due to foreign exchange gain, and fair value gain on the revaluation of properties of RM17.2 million. Its revenue was up 3.09% from […]

December 28, 2015 | By | Reply More
HLIB Research: Inflation to average 3.5% in 2016

HLIB Research: Inflation to average 3.5% in 2016

PETALING JAYA: Hong Leong Investment Bank Research (HLIB) expects inflation to pick up to an average 3.5% next year, mainly driven by a series of administrative adjustments, lagged effect of the Goods and Services Tax (GST) and imported inflation, as well as low base effect in the first quarter of this year. The research house […]

December 28, 2015 | By | Reply More
Ewein to buy land in Penang for RM162 million

Ewein to buy land in Penang for RM162 million

PETALING JAYA: Property company Ewein Bhd’s unit Ewein Zenith II Sdn Bhd has inked a sale and purchase agreement (SPA) with Consortium Zenith BUCG Sdn Bhd (CZBUCG) to buy 4.42 ha of land in Penang for RM162 million. Ewein Zenith II is a 60%-owned subsidiary of Ewein Land Sdn Bhd, a wholly-owned subsidiary of Ewein. […]

December 28, 2015 | By | Reply More
OCBC opens first Islamic banking branch in Sabah

OCBC opens first Islamic banking branch in Sabah

PETALING JAYA: OCBC Bank has opened its first Islamic banking branch in Sandakan, Sabah, under its wholly-owned subsidiary OCBC Al-Amin Bank Bhd. In a statement yesterday, OCBC said the branch is only the second OCBC entity in the state, after the OCBC Bank branch in Kota Kinabalu. With this, it said OCBC Al-Amin has thirteen […]

December 28, 2015 | By | Reply More
Yinson’s Q3 net profit flat at RM85.7 million

Yinson’s Q3 net profit flat at RM85.7 million

PETALING JAYA: Yinson Holdings Bhd reported a flat net profit of RM85.74 million for the third quarter ended Oct 31, 2015 compared with RM86.79 million in the previous corresponding period, mainly due to higher income tax and administrative expenses as well as finance costs. Revenue for the quarter was down 1.21% from RM86.79 million to […]

December 28, 2015 | By | Reply More