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MIDF Research remains 'neutral' on local auto sector

MIDF Research remains 'neutral' on local auto sector

PETALING JAYA: MIDF Research is maintaining its “neutral” call on the local auto industry given the persistently weak ringgit and a muted demand outlook. Malaysia’s total industry volume (TIV) for November rose 1.4% year-on-year (y-o-y) to 56,092 units, in which the industry recorded its fourth consecutive month of TIV growth. However, MIDF Research analyst Hafriz […]

December 24, 2015 | By | Reply More
Idea Cellular launches
4G services, steals
march on Reliance Jio

Idea Cellular launches 4G services, steals march on Reliance Jio

MUMBAI: Idea Cellular Ltd, India’s third-biggest mobile phone operator, launched high-speed fourth-generation (4G) mobile phone services across the country’s south on Wednesday, beating rival Reliance Jio. Idea follows Bharti Airtel and Vodafone in offering high-speed services in parts of India, starting with a handful of southern towns. It said all towns and cities in Andhra […]

December 24, 2015 | By | Reply More
Brazil watchdog
reviewing proposed
Raizen-Wilmar venture

Brazil watchdog reviewing proposed Raizen-Wilmar venture

SAO PAULO: Brazilian anti-trust watchdog Cade is reviewing a proposed tie-up between sugar and ethanol producer Raizen Energia SA and trader Wilmar International Ltd, as prices for the commodity recover amid tightening global supply. The proposed joint venture aims to export a type of Brazilian sugar known as VHP, a filing by Cade in the […]

December 24, 2015 | By | Reply More
Miti reaches out to students on TPPA

Miti reaches out to students on TPPA

KUALA LUMPUR: The Ministry of International Trade and Industry (Miti) is reaching out to student representatives as part of its outreach programme to brief the public on the Trans-Pacific Partnership Agreement (TPPA). In conjunction with this, Miti held a “TPP Programme With Student Representative Council” townhall meeting involving more than 300 students from public and […]

December 23, 2015 | By | Reply More
Rubber glove prices to go up next year

Rubber glove prices to go up next year

PETALING JAYA: Rubber glove producers are expected to increase product prices next year in a move to alleviate the cost of manufacturing following the latest increase in natural gas tariff, said the Malaysian Rubber Glove Manufacturers Association (Margma). Margma estimates that this round of increase will mean an additional cost of 40 cents to 70 […]

December 23, 2015 | By | Reply More
Protasco wins contract from Works Ministry

Protasco wins contract from Works Ministry

PETALING JAYA: Protasco Bhd has clinched a three-year contract worth RM75 million from the Works Ministry to provide forensic engineering services. In a stock exchange filing yesterday, Protasco said its wholly-owned subsidiary, Kumpulan Ikram Sdn Bhd, will provide forensic engineering services on slopes and slope-related structures for a period of three years, with an option […]

December 23, 2015 | By | Reply More
Open APs for used cars to stay, but with improvements

Open APs for used cars to stay, but with improvements

PETALING JAYA: The government has decided to maintain the controversial Open Approved Permit (AP) system for the import of used cars after conducting an in-depth review of the scheme. “The government has considered the review and after taking into account the views of various parties agreed to continue the policy of Open AP but with […]

December 23, 2015 | By | Reply More
GCH Retail to upgrade Giant hypermarkets

GCH Retail to upgrade Giant hypermarkets

SHAH ALAM: GCH Retail (M) Sdn Bhd aims to upgrade its 28 Giant hypermarket outlets nationwide by early next year. Its operation director, Ernest Potgieter, said among outlets that would be upgraded were in Petra Jaya (Sarawak); Penang Plaza (Penang) and Star Avenue Mall (Sungai Buloh, Selangor). “We aim to refurbish 28 stores with new […]

December 23, 2015 | By | Reply More
PDZ's oil & gas venture 'slightly delayed'

PDZ's oil & gas venture 'slightly delayed'

KUALA LUMPUR: PDZ Holdings Bhd’s plan to venture into the downstream oil and gas (O&G) business has been “slightly delayed” due to the weakening of the ringgit, said managing director Aminuddin Yusof Lana. The weaker local currency has put pressure on the construction cost of a liquefied petroleum gas (LPG) plant in Kazakhstan, on which […]

December 23, 2015 | By | Reply More
EG Industries to invest RM30m in new plant

EG Industries to invest RM30m in new plant

PETALING JAYA: Electronic manufacturing services (EMS) player EG Industries Bhd plans to invest about RM30 million in a new manufacturing facility in Sungai Petani, Kedah. The new facility, located next to the group’s existing factory in Sungai Petani, would boost its production floor space in Malaysia by 50% to 229,557 sq ft. EG Industries group […]

December 23, 2015 | By | Reply More