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Greater credit transparency would open more doors for businesses

Greater credit transparency would open more doors for businesses

KUALA LUMPUR: Greater credit transparency would open more doors for business partnerships and trade, especially for small and medium enterprises (SMEs), said Deputy Minister of International Trade & Industry Datuk Lee Chee Leong. “We believe a successful SME sector is crucial to be a truly integrated region. SMEs should explore opportunities from liberalisations under the […]

August 18, 2015 | By | Reply More
Singtel reclaims top spot in annual governance, transparency index

Singtel reclaims top spot in annual governance, transparency index

SINGAPORE: Singapore Telecommunications Ltd (Singtel) has reclaimed its status as Singapore’s most well-governed and transparent company. The telecommunication company edged up from second place last year to clinch the top spot in the Governance and Transparency Index (GTI) 2015. Singtel, which also topped the index from 2009 to 2012, beat its competitors this year with […]

August 18, 2015 | By | Reply More
Enra Group cautious on O&G venture as Petronas warns of cashflow constraints

Enra Group cautious on O&G venture as Petronas warns of cashflow constraints

KUALA LUMPUR: Enra Group Bhd sees the current oil price rout as a barrier for it to transform into an oil and gas firm, especially when the state-owned oil major Petroliam Nasional Bhd’s (Petronas) is dragged into a cash flow-constraint position. Taking cue from lower capital expenditure (capex) by Petronas, Enra president and CEO Datuk […]

August 18, 2015 | By | Reply More
Many reasons to celebrate

Many reasons to celebrate

IT was double the fun and double the excitement for both Pensonic and fans of the brand when Pensonic launched its season two of its “Chef’s Like Cooking Classes” recently. The cooking classes which are also into its second year running, features celebrity chef Datuk Chef Ismail. CONTESTS FOR FANS AND LOYAL CUSTOMERSThe success and […]

August 18, 2015 | By | Reply More
Ringgit continues decline against US dollar

Ringgit continues decline against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar on Tuesday on relentless low risk appetite for the domestic currency, a trader said. At 9.15am, the ringgit was quoted at 4.1120/1200 against the greenback from 4.1020/1110 at 5pm yesterday. “While external factors will continue to play a major role in determining the direction of […]

August 18, 2015 | By | Reply More
Bursa Malaysia lower in early trade

Bursa Malaysia lower in early trade

KUALA LUMPUR: Bursa Malaysia was lower in early trade with investors sustaining selling activity in the absence of strong supportive buying interest despite opening marginally higher. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.72 points down at 1,566.82, after opening 0.55 point higher at 1,573.09. Decliners led gainers 183 to 100, […]

August 18, 2015 | By | Reply More
‘Volatility of Asian currencies to grow’

‘Volatility of Asian currencies to grow’

KUALA LUMPUR: HSBC head of global emerging markets, foreign exchange research and global research Paul Mackel expects the ringgit and other Asian currencies to become increasingly volatile following the recent devaluation of the renminbi (also known as the yuan). “Renminbi used to be seen as the currency that didn’t really move much and has relatively […]

August 17, 2015 | By | Reply More
UEM Sunrise’s 2nd quarter earnings up on better margin

UEM Sunrise’s 2nd quarter earnings up on better margin

PETALING JAYA: UEM Sunrise Bhd’s net profit for the second quarter ended June 30, 2015 rose 12.60% to RM83.91 million from RM74.53 million a year ago mainly due to improved property development margin. In a filing with Bursa Malaysia yesterday, it said that the higher net profit was also due to higher other income mainly […]

August 17, 2015 | By | Reply More
Analysts: Stay away from oil & gas exploration stocks

Analysts: Stay away from oil & gas exploration stocks

PETALING JAYA: Analysts have advised investors to keep away from listed oil and gas companies involved in the exploration phase and instead buy into stocks involved in the production segment amid the slump in crude oil prices. Maybank Investment Research (MaybankIB) expects oil and gas companies to report sub-par results or even losses as cost […]

August 17, 2015 | By | Reply More
Affin’s Q2 net profit rises 29.8%

Affin’s Q2 net profit rises 29.8%

PETALING JAYA: Affin Holdings Bhd’s net profit rose 29.8% to RM139.38 million in the second quarter ended June 30, 2015 from RM107.38 million a year ago due to an increase in its interest income. Its revenue for the quarter was also higher at RM775 million, up 4.3% against RM447.05 million in the same period last […]

August 17, 2015 | By | Reply More