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Bank Negara imposes compound on 1MDB

Bank Negara imposes compound on 1MDB

PETALING JAYA: Bank Negara Malaysia (BNM), following receipt of the consent of the Attorney General, has today issued a letter of administrative compound to 1Malaysia Development Bhd (1MDB) for failure to fully comply with directions issued under the Financial Services Act 2013. 1MDB has until May 30, 2016 to pay the compound, of which the […]

April 28, 2016 | By | Reply More
Ringgit ends higher against US dollar

Ringgit ends higher against US dollar

KUALA LUMPUR: The ringgit closed higher against the US dollar today as more investors shifted to the emerging currencies including ringgit, dealers said. A dealer said the US Federal Reserve’s (Fed) decision to maintain its interest rate at the current level hit the greenback as it weakened against almost all Asian currencies. During the two-day […]

April 28, 2016 | By | Reply More
Bursa Malaysia ends lower tracking regional bourses

Bursa Malaysia ends lower tracking regional bourses

KUALA LUMPUR: Bursa Malaysia ended lower today on persistent selling pressures, tracking the bearish performances of the regional bourses following the Bank of Japan’s monetary policy decision. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dipped 17.58 points to close at 1,674.76 from Wednesday’s close of 1,692.34. It opened 3.64 points weaker at 1,688.70 and […]

April 28, 2016 | By | Reply More
TM considering price revision with heightened competition

TM considering price revision with heightened competition

KUALA LUMPUR: Telekom Malaysia Bhd (TM) is considering a revision on the pricing of some of its offerings in view of competition, said its managing director and group CEO Tan Sri Zamzamzairani Mohd Isa. “We are in a competitive environment so of course, price reviews and so on will be market driven. Where we see […]

April 28, 2016 | By | Reply More
Nestle earmarks RM130m for capacity expansion and modernisation

Nestle earmarks RM130m for capacity expansion and modernisation

KUALA LUMPUR: Nestle (Malaysia) Bhd has allocated a capital expenditure of RM130 million this year for capacity expansion, modernisation, technology as well as innovation in confectionery. “It’s across the board,” managing director Alois Hofbauer told a press conference after its AGM here today. He said the company has invested over RM600 million in its manufacturing […]

April 28, 2016 | By | Reply More
Can-One not in a hurry to sell dairy unit

Can-One not in a hurry to sell dairy unit

PETALING JAYA: Tin cans and food products manufacturer Can-One Bhd said it is not in a hurry to sell its stake in its subsidiary F&B Nutrition Sdn Bhd despite having been approached by some parties, including Kumpulan Wang Persaraan (Diperbadankan) (KWAP). “Nothing has been confirmed and firmed up, it’s just on an enquiry basis. We’ll […]

April 28, 2016 | By | Reply More
Engage and grow

Engage and grow

LAST week Dale Carnegie Training Malaysia, an international employee engagement consultancy firm, held a conference – Engage 2016. The inaugural employee engagement half-day seminar gathered individuals from various industries, providing valuable insights about Malaysian corporations and how they could increase their workforce productivity and sustainability. Discussions also covered rising concerns faced across the globe on […]

April 28, 2016 | By | Reply More
Bursa Malaysia opens mixed

Bursa Malaysia opens mixed

KUALA LUMPUR: Bursa Malaysia opened mixed in the early session today despite the rebound on other regional bourses. At 9.10 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.59 points lower at 1,689.75 from Wednesday’s close of 1,692.34, after opening 3.64 points weaker at 1,688.70. Market breadth was positive as gainers led losers […]

April 28, 2016 | By | Reply More
Ringgit opens higher against US dollar

Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit extended yesterday’s gains to open higher against the US dollar this morning as demand emerged for Asian currencies, including the ringgit, dealers said. At 9am, the local note stood at 3.8950/9030 against the US dollar from 3.9110/9180 on Wednesday. Against other major currencies, the ringgit was also traded higher. It strengthened […]

April 28, 2016 | By | Reply More
Willowglen eyes contracts worth up to RM400 million

Willowglen eyes contracts worth up to RM400 million

KUALA LUMPUR: Integrated security system developer Willowglen MSC Bhd is hoping to secure contracts from Tenaga Nasional Bhd (TNB) for power substation monitoring, in line with its vision to venture into new industries this year. The other industries it is looking to make its entry into hospital monitoring systems and renewable energy monitoring. Specialising in […]

April 27, 2016 | By | Reply More