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Muar Ban Lee bags RM16.6 million contract

Muar Ban Lee bags RM16.6 million contract

PETALING JAYA: Muar Ban Lee Group Bhd has clinched a RM16.6 million contract (US$3.93 million) from PT Sari Dumai Sejati, to supply an 800 tonnes per 24 hours palm kernel crushing plant and ancillary machinery. In a filing with Bursa Malaysia yesterday, the company said its wholly-owned subsidiary Muar Ban Lee Technology Sdn Bhd entered […]

October 28, 2015 | By | Reply More
MISC orders eight vessels for RM2.13 billion

MISC orders eight vessels for RM2.13 billion

PETALING JAYA: MISC Bhd has entered into two shipbuilding contracts for the construction of eight new vessels for US$500 million (RM2.13 billion) in an effort to renew its fleet. In a filing with the stock exchange, MISC said its wholly-owned subsidiary AET Inc Ltd signed shipbuilding contracts with Samsung Heavy Industries Co Ltd on Tuesday […]

October 28, 2015 | By | Reply More
Positive view on RHBCap scheme

Positive view on RHBCap scheme

PETALING JAYA: RHB Capital Bhd’s Career Transition Scheme (CTS) for 1,812 staff is deemed positive, as this allows the group to operate from a leaner base from FY16 onwards, said HLIB Research. “While one-off CTS cost of RM309 million will hit our FY15 net profit forecast by 15.7%, this will result in significant reduction in […]

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Xin Hwa granted bonded warehouse licence by Customs

Xin Hwa granted bonded warehouse licence by Customs

PETALING JAYA: Xin Hwa Holdings Bhd has been granted a bonded warehouse licence by Customs for its newly completed 220,000 sq ft warehouse in Pasir Gudang, Johor, that costs RM30 million. With this, its total warehouse space will be increased to 464,600 sq ft from the current 244,600 sq ft. Bonded warehouse is a warehouse […]

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KTC to raise RM21 million for IPO

KTC to raise RM21 million for IPO

KUALA LUMPUR: Sabah-based Kim Teck Cheong Consolidated Bhd (KTC), which is en route to a listing on the ACE Market of Bursa Malaysia Securities Bhd, expects to raise RM21.3 million from its initial public offering. About RM9 million or 42.26% of the proceeds will be used for the acquisition of warehousing facilities including land and […]

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China firm bags RM2.3 billion E&O land reclamation job

China firm bags RM2.3 billion E&O land reclamation job

PETALING JAYA: Eastern & Oriental Bhd (E&O) has awarded China Communications Construction Co Ltd a land reclamation contract worth RM2.32 billion for Seri Tanjung Pinang Phase 2 in Penang. The letter of award (LOA) issued to China Communications Construction’s local unit, Communications Construction Co (M) Sdn Bhd yesterday is an acceptance of the tender to […]

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M’sia 18th on World Bank’s Ease of Doing Business list

M’sia 18th on World Bank’s Ease of Doing Business list

PETALING JAYA: Malaysia’s ranking in World Bank’s Ease of Doing Business fell one spot to 18th among 189 economies in 2015, compared with 17th in 2014. Released yesterday, Doing Business 2016: Measuring Quality and Efficiency Report highlighted that Malaysia will have the opportunity to improve its consistently strong business environment further by reducing the procedures […]

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‘Ringgit to stabilise at 4.20-4.30 to the dollar’

‘Ringgit to stabilise at 4.20-4.30 to the dollar’

KUALA LUMPUR: The ringgit is expected to stabilise around the current level of 4.20 to 4.30 against the US dollar in the short term till year-end, said Affin Hwang Asset Management Bhd managing director Teng Chee Wai. “The ringgit has finally found its stability. It is already considered good if it doesn’t drop further as […]

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MRCB wins RM4.8 billion jobs, kicks off Cyberjaya City Centre project

MRCB wins RM4.8 billion jobs, kicks off Cyberjaya City Centre project

CYBERJAYA: Malaysian Resources Corp Bhd (MRCB) won some RM4.775 billion worth of jobs and kicked off its RM8 billion-RM10 billion Cyberjaya City Centre (CCC) project yesterday. The group, which hosted a joint venture signing ceremony between itself and Cyberview Sdn Bhd for the development of CCC, also announced two new jobs – a RM1.63 billion […]

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Bursa Malaysia ends lower on continued profit-taking

Bursa Malaysia ends lower on continued profit-taking

KUALA LUMPUR: Bursa Malaysia closed lower for the third consecutive day today on continued profit-taking, mostly seen in finance and heavyweight counters, dealers said. At 5pm, the benchmark index was down 10.44 points at 1,686.51 after hovering between 1,684.36 and 1,694703.75 throughout the day. However, market breadth was positive as gainers led losers 449 to […]

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