Author Archive: The Sun Daily

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Sapura Energy looking at stake sale, rather than IPO, for upstream unit

Sapura Energy looking at stake sale, rather than IPO, for upstream unit

PETALING JAYA: Sapura Energy Bhd president and CEO Tan Sri Shahril Shamsuddin said today it will look at selling a stake in Sapura Upstream Sdn Bhd, rather than a listing exercise, for certainty in timing and valuation. The group’s share price, which has taken a beating ever since it announced a rights issue to raise […]

September 12, 2018 | By | Reply More
CORRECTION

CORRECTION

WITH regard to the article titled “Red Ideas in active negotiations with potential regional partners” published on Sept 12, we would like to clarify that Red Ideas Holdings Bhd is a LEAP Market-listed company and not as stated in the article. The error is regretted.

September 12, 2018 | By | Reply More
Low digital adoption among businesses

Low digital adoption among businesses

KUALA LUMPUR: Digital adoption is relatively low for businesses, even though the country as a whole has a high level of digital adoption, with only a small share of businesses pursuing deep digital adoption and small firms falling especially far behind, on the backdrop of high prices and low coverage for broadband. Challenges in the […]

September 12, 2018 | By | Reply More
Techbond inks UA with Public Investment Bank for IPO

Techbond inks UA with Public Investment Bank for IPO

PETALING JAYA: Techbond Group Bhd, which is slated to list on the Main Market of Bursa Malaysia by year end, has entered into an underwriting agreement (UA) with Public Investment Bank Bhd (PIVB) for its initial public offering (IPO) exercise. Techbond is a developer and manufacturer of industrial adhesives and sealants, as well as a […]

September 12, 2018 | By | Reply More
MAHB’s airport traffic in August grows 2.9% year on year

MAHB’s airport traffic in August grows 2.9% year on year

PETALING JAYA: Malaysia Airports Holdings Bhd’s (MAHB) network of airports including Istanbul Sabiha Gokcen International Airport recorded 11.8 million passengers in August 2018, a 2.9% growth over August 2017. The peak traffic in August was partly due to the summer holidays in Turkey and the Hajj travel season, MAHB said. In addition, MAHB said international […]

September 12, 2018 | By | Reply More
Ong clears air on Malaysia’s stand on China’s BRI

Ong clears air on Malaysia’s stand on China’s BRI

NANNING: Malaysia has no intention of abandoning China’s Belt and Road Initiative (BRI) and will continue to forge a closer relationship with the world’s second largest economy. Deputy International Trade and Industry Ministry Ong Kian Ming said the government’s approach has been misunderstood following the recent decision to cancel certain China-Malaysia projects. Responding to a […]

September 12, 2018 | By | Reply More
New digital financial planning tools on Maybank2u

New digital financial planning tools on Maybank2u

PETALING JAYA: Malayan Banking Bhd’s internet portal Maybank2u has introduced new digital financial planning tools that help customers plan their savings, monitor their insurance and keep up-to-date on their financial goals, via goal savings plan, spending tracker and an insurance dashboard. The goal savings plan feature allows customers to segment their money into ‘goals’ without […]

September 12, 2018 | By | Reply More
More choice with Maybank

More choice with Maybank

EVER thought you could better manage your wealth or wanted to take charge of your own financial planning? Well, here’s your chance as Maybank2u has introduced the first-of-its-kind (among local banks) digital financial planner for its customers. The concept came about through research which showed that about 40% of Malaysians do not plan ahead financially. […]

September 12, 2018 | By | Reply More
Sunway unit, Hoi Hup Realty bag housing project in Singapore

Sunway unit, Hoi Hup Realty bag housing project in Singapore

PETALING JAYA: Sunway Bhd’s unit Sunway Developments Pte Ltd (SDPL) and the latter’s tender partner Hoi Hup Realty Pte Ltd have received a letter of award from Singapore Housing and Development Board for a land parcel at Canberra Link, Singapore. The land parcel measuring 4.46 acres is for a 99-year lease term executive condominium housing […]

September 12, 2018 | By | Reply More
Ringgit ends slightly higher against US dollar

Ringgit ends slightly higher against US dollar

KUALA LUMPUR: The ringgit ended slightly higher against the US dollar today on renewed buying interest, said a dealer. At 6pm, the local unit rose to 4.1420/1470 against the greenback from last Friday’s 4.1435/1465. The market was closed on Monday and Tuesday in conjunction with the King’s birthday and Awal Muharram. Oanda Head of Trading […]

September 12, 2018 | By | Reply More