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Now, only one licence required for oil & gas exploration, prospecting and mining in Sarawak

Now, only one licence required for oil & gas exploration, prospecting and mining in Sarawak

PETALING JAYA: The Sarawak State Assembly has passed the Oil Mining (Amendment) Bill 2018 which requires only one licence for exploration, prospecting and mining of oil and gas, a move which Sarawak feels will encourage more investments into the state. The Bill was read for the third time and passed on Tuesday. According to the […]

July 11, 2018 | By | Reply More
US threatens import tariffs on another US$200b of Chinese goods

US threatens import tariffs on another US$200b of Chinese goods

WASHINGTON/BEIJING: The United States and China have fired the next shots in their escalating trade war, with Washington threatening to impose fresh tariffs on another US$200 billion (RM806 billion) in Chinese goods and Beijing vowing to retaliate. The latest moves in the ballooning trade conflict between the world’s top two economies came just days after […]

July 11, 2018 | By | Reply More
Nova Wellness IPO oversubscribed 2.8 times

Nova Wellness IPO oversubscribed 2.8 times

PETALING JAYA: Nova Wellness Group Bhd’s public offer of 16 million new shares for its initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Bhd to was oversubscribed by 2.84 times. Nova, which is involved in the nutraceutical industry in Malaysia, received 2,200 applications for 61.36 million new shares from the public. […]

July 11, 2018 | By | Reply More
Sentoria pays RM20.25m for 150-acre site in Morib

Sentoria pays RM20.25m for 150-acre site in Morib

PETALING JAYA: Sentoria Group Bhd is acquiring a piece of 150-acre land in Morib, Selangor, for RM20.25 million. Sentoria said in a filing with the stock exchange, the group and its wholly owned subsidiary Sentoria Morib Bay Sdn Bhd on July 10 entered into a sale and purchase agreement with Seriemas Development Sdn Bhd, for […]

July 11, 2018 | By | Reply More
Court lifts injunction on Adventa, Aspion directors

Court lifts injunction on Adventa, Aspion directors

PETALING JAYA: The Kuala Lumpur High Court has dismissed Top Glove’s ex-parte interim injunction order restraining Adventa Capital Pte Ltd, ACPL Sdn Bhd as well as Aspion Sdn Bhd directors Low Chin Guan and Wong Chin Toh from disposing of their assets in Malaysia. The inter partes hearing for the ex-parte Mareva injunction has been fixed […]

July 11, 2018 | By | Reply More
G3 Global's Atilze Digital partners US firms for IoT venture

G3 Global's Atilze Digital partners US firms for IoT venture

PETALING JAYA: G3 Global Bhd’s unit Atilze Digital Sdn Bhd has entered into a joint venture agreement with Gosuncn Welink (USA) Technology Co Ltd (Welink) and Prospect Industry LLC to undertake the business of Internet of Thing (IoT). Based in US, Welink is principally involved in providing the software platform, which is needed for operating […]

July 11, 2018 | By | Reply More
Atta Global unit buys two property developers for RM7.5m

Atta Global unit buys two property developers for RM7.5m

PETALING JAYA: Atta Global Group Bhd’s wholly owned subsidiary Atta Properties Sdn Bhd (APSB) today entered into share sale agreements with vendors for the acquisition of two property developers for RM7.5 million. The proposed acquisition involves the purchase of the entire stake in Eminent Potential Sdn Bhd for RM4 million cash and Scanrite Sdn Bhd […]

July 11, 2018 | By | Reply More
Ringgit ends lower against US dollar

Ringgit ends lower against US dollar

KUALA LUMPUR: The ringgit ended lower against the US dollar today after Bank Negara Malaysia (BNM) left its interest rates unchanged today, a dealer said. At 6pm, the local note finished at 4.0370/0420 against the greenback from Tuesday’s 4.0200/0250. FXTM Global Head of Currency Strategy and Market Research Jameel Ahmad said the impact was seen […]

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Bursa Malaysia bucks regional trend to close higher

Bursa Malaysia bucks regional trend to close higher

KUALA LUMPUR: Bursa Malaysia bucked the regional trend with the benchmark index closing marginally higher on last minute buying especially of heavyweights led by Public Bank. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished 1.64 points better at 1,688.77 from yesterday’s close of 1,687.13 after moving between 1,679.18 and 1,689.34 throughout the […]

July 11, 2018 | By | Reply More
BNM says OPR kept at 3.25%

BNM says OPR kept at 3.25%

PETALING JAYA: Bank Negara Malaysia (BNM) announced that the Overnight Policy Rate (OPR) will remain unchanged at 3.25%. The decision was made after its Monetary Policy Committee (MPC) meeting today. The central bank said in a statement at the current level of the OPR, the degree of monetary accommodativeness is consistent with the intended policy […]

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