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Proposal to list Fitters-NRG on Aussie bourse via reverse takeover

Proposal to list Fitters-NRG on Aussie bourse via reverse takeover

PETALING JAYA: Fitters Diversified Bhd’s wholly-owned subsidiary, Fitters-NRG Sdn Bhd, has received a proposal to list on the Australian Stock Exchange (ASX) via a reverse takeover. Fitters told Bursa Malaysia yesterday that it received the proposal from Trident Capital Pty Ltd, an Australian based corporate advisory firm, to list Fitters-NRG via a reverse takeover of […]

August 19, 2015 | By | Reply More
Petronas rolls out Euro 4M RON 97

Petronas rolls out Euro 4M RON 97

KUALA LUMPUR: Petronas Dagangan Bhd (PDB), the retail arm of national oil company Petroliam Nasional Bhd (Petronas), has rolled out the first Euro 4M RON 97 petrol in the country, two weeks ahead of its gazetted Sept 1, 2015 implementation date. “We are the only oil company in the country that is selling Euro 4M […]

August 19, 2015 | By | Reply More
Businesses given until Aug 24 to file GST returns

Businesses given until Aug 24 to file GST returns

KOTA KINABALU: The Customs Department has given about 36,000 businesses a further extension to Aug 24 to file their Goods and Services Tax (GST) returns. The returns are for the April 1-June 30 period. The previous deadline for the filing was Aug 14. Customs Department Director General Datuk Seri Khazali Ahmad said the extension was […]

August 19, 2015 | By | Reply More
MSM Q2 earnings up slightly on higher demand

MSM Q2 earnings up slightly on higher demand

PETALING JAYA: MSM Malaysia Holdings Bhd’s net profit for the second quarter ended June 30, 2015 rose marginally to RM79.13 million from RM78.71 million a year ago due to increased demand for refined sugar. In a filing with Bursa Malaysia yesterday, MSM said demand for refined sugar rose by 13% during the months leading to […]

August 19, 2015 | By | Reply More
AirAsia X sticks to profit plan despite weakening ringgit

AirAsia X sticks to profit plan despite weakening ringgit

KUALA LUMPUR: Long-haul budget airline AirAsia X Bhd said yesterday a weaker ringgit makes it harder to achieve its target of reporting a profit this year, but it will push to meet the goal by attracting more passengers and increasing its fares. The carrier saw a net loss of RM132 million for the April-June period […]

August 19, 2015 | By | Reply More
Eco World to launch RM8.7b Bukit Bintang City Centre  by year-end

Eco World to launch RM8.7b Bukit Bintang City Centre by year-end

SHAH ALAM: Eco World Development Group Bhd is on track to launch the RM8.7b Bukit Bintang City Centre (BBCC) by year-end, said its president and CEO Datuk Chang Khim Wah. Speaking to reporters after its EGM today, Chang said the development order for the project has already been obtained and construction is expected to begin […]

August 19, 2015 | By | Reply More
Petronas launches Euro-4M RON 97 petrol

Petronas launches Euro-4M RON 97 petrol

KUALA LUMPUR: Petronas Dagangan Bhd (PDB), the retail arm of national oil company Petroliam Nasional Bhd, has today launched the new Euro-4M RON 97 petrol, two weeks ahead of its gazetted Sept 1, 2015 implementation date. “Today, we are not only introducing a fuel that meets the gazetted requirement. We are also delivering to our […]

August 19, 2015 | By | Reply More
Attract new investments in 2nd half  of 2015 will be challenging: Mustapa

Attract new investments in 2nd half of 2015 will be challenging: Mustapa

KUALA LUMPUR: The Malaysian Investment Development Authority (Mida) is maintaining its modest forecast for new approved investments in anticipation of a challenging second half of 2015. For the first half, Malaysia registered total investments worth RM113.5 billion, a RM1.5 billion or 1.34% increase compared with RM112.0 billion in the same period last year. “We think […]

August 19, 2015 | By | Reply More
Seven more Uniqlo stores

Seven more Uniqlo stores

JAPAN’S clothing retail giant, Uniqlo, recently announced an addition of seven new stores to its stable of nationwide outlets. Official openings of these stores will run from September right up to November this year. Uniqlo Malaysia currently has over 25 stores in the region. These are located within the Klang Valley, Johor, Malacca, Pahang and […]

August 19, 2015 | By | Reply More
Ringgit higher against US dollar

Ringgit higher against US dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar Wednesday, lifted by continued buying interest from exporters, dealers said. At 9.25am, the ringgit was quoted at 4.0770/0840 against 4.0860/0920 at 5pm on Tuesday. “Many traders were seen covering their ringgit short positions against the greenback. “Exporters’ demand to sell and hedge foreign currencies for […]

August 19, 2015 | By | Reply More