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AirAsia turning green?

AirAsia turning green?

SIGNIFICANT to its striking red colour, no-frills airline AirAsia recently collaborated with SARAP Campus, part of Powershift Malaysia, to promote environmental sustainability awareness through its #Green24 campaign. The campaign kicked-off with a clean-up of the Kanching Rainforest Waterfall area in Rawang involving some 150 participants across the AirAsia Group and Tune Group of Companies. Work […]

December 15, 2015 | By | Reply More
Bursa Malaysia opens slightly higher

Bursa Malaysia opens slightly higher

KUALA LUMPUR: Bursa Malaysia opened slightly higher today, supported by mild buying interests in selected heavyweights. At 9.25 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) added 0.43 point to 1,630.39, after opening 1.14 points better at 1,631.10 versus yesterday’s close of 1,629.96. Market breadth was positive with gainers leading losers by 183 to […]

December 15, 2015 | By | Reply More
Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar today, dealers said. At 9am, the local unit was quoted at 4.3300/3380 against the US dollar from Monday’s close of 4.3220/3290. A dealer said although the greenback rose against the local note, it was still helpless as the market was anxiously awaiting clues on when […]

December 15, 2015 | By | Reply More
George Kent Q3 net profit up 67.02%

George Kent Q3 net profit up 67.02%

PETALING JAYA: George Kent (Malaysia) Bhd’s net profit for the third quarter ended Oct 31, 2015 rose 67.02% to RM12.07 million from RM7.23 million a year ago due to a higher profit contribution from its metering division. In a filing with Bursa Malaysia yesterday, the company said that its metering division posted a profit of […]

December 14, 2015 | By | Reply More
TNB enters Turkey, buys 30% of Gama Enerji for US$243m

TNB enters Turkey, buys 30% of Gama Enerji for US$243m

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) is buying a 30% stake in Turkish power company Gama Enerji AS for US$243 million (RM1.05 billion), marking its entry into Turkey’s growing power sector.In a stock exchange filing yesterday, TNB said it has entered into a conditional share sale agreement to purchase 289.48 million shares from Gama Holding […]

December 14, 2015 | By | Reply More
Java subsidiaries to cease timber operations after loan defaults

Java subsidiaries to cease timber operations after loan defaults

PETALING JAYA: Java Bhd will cease the timber operations of its subsidiaries following a default in loan repayments by its subsidiaries amounting to RM30.2 million.In a filing with Bursa Malaysia yesterday, the company said its subsidiaries Java Industries Sdn Bhd, Java Woods Sdn Bhd, Java Timber Sdn Bhd and Java Resources Sdn Bhd intend to […]

December 14, 2015 | By | Reply More
Ekuinas sells its 90% stake in San Francisco Coffee for RM24m

Ekuinas sells its 90% stake in San Francisco Coffee for RM24m

PETALING JAYA: Ekuiti Nasional Bhd (Ekuinas), the government-linked private equity fund management company, has divested its 90% equity interest in San Francisco Coffee (SFC) for RM24 million. Ekuinas said this is part of the ongoing portfolio restructuring exercise of its food and beverage (F&B) division. SFC operates 28 outlets in the country. “This latest divestment […]

December 14, 2015 | By | Reply More
Syed Faisal takes over as DRB-Hicom CEO on Jan 4

Syed Faisal takes over as DRB-Hicom CEO on Jan 4

PETALING JAYA: Twelve days after announcing his resignation as Malakoff Corp Bhd CEO, Datuk Seri Syed Faisal Albar Syed Ali Rethza Albar has been appointed DRB-Hicom Bhd’s new group CEO, effective Jan 4, 2016. In a filing with Bursa Malaysia yesterday, DRB-Hicom also announced the retirement of its group managing director Tan Sri Mohd Khamil […]

December 14, 2015 | By | Reply More
PR1MA a total failure, says property expert

PR1MA a total failure, says property expert

KUALA LUMPUR: The government’s affordable homes scheme, the 1Malaysia People’s Housing Programme (PR1MA) has failed to meet the demand for affordable homes, said REI International Holding Sdn Bhd CEO Dr Daniele Gambero. “PR1MA is a total failure. It is not delivering homes at the right value in the right places. The government, the developers and […]

December 14, 2015 | By | Reply More
Rafe named CEO, executive director of CIMB Islamic Bank

Rafe named CEO, executive director of CIMB Islamic Bank

KUALA LUMPUR: CIMB Group Holdings Bhd has appointed Mohamed Rafe Mohamed Haneef as CEO and executive director of CIMB Islamic Bank Bhd, as well as CEO of the group Islamic banking division, effective Jan 4, 2016. Rafe was previously helming HSBC Amanah as its executive director and CEO. CIMB has been on the lookout for […]

December 14, 2015 | By | Reply More