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MMHE dives into losses

MMHE dives into losses

PETALING JAYA: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) posted a net loss of RM27.13 million in the fourth quarter ended Dec 31, 2015 compared to RM16.48 million net profit a year ago, after recognising impairment loss for both goodwill and assets amounting to RM99.8 million. It told the stock exchange in a filing […]

February 3, 2016 | By | Reply More
Plantation firms warn of higher costs with levy hike

Plantation firms warn of higher costs with levy hike

PETALING JAYA: Plantation players, affected by a whopping 154% increase in foreign workers’ levy, say that additional costs will run into millions of ringgit, with the largest oil palm plantation owner in the country joining the growing call for the government to reconsider its move. FGV president and CEO Datuk Mohd Emir Mavani Abdullah in […]

February 3, 2016 | By | Reply More
Ringgit closes lower against US dollar

Ringgit closes lower against US dollar

KUALA LUMPUR: The ringgit closed lower against the US dollar today tracking the weaker trend in the emerging markets’ currencies amid lower oil prices, dealers said. At 5pm, the local unit was traded at 4.2170/2230 from 4.2050/2100 against the greenback on Tuesday. FXTM Chief Market Analyst, Jameel Ahmad, said the losses in the emerging markets’ […]

February 3, 2016 | By | Reply More
Bursa Malaysia ends sharply lower weighed by losses in O&G stocks

Bursa Malaysia ends sharply lower weighed by losses in O&G stocks

KUALA LUMPUR: Bursa Malaysia closed sharply lower today weighed by losses in oil and gas-related counters amid weaker global oil prices, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI fell 19.88 points to 1,633.30 from yesterday’s closing of 1,653.18, after opening 16.52 points lower at 1,636.66 in the morning. Topping the losers list, […]

February 3, 2016 | By | Reply More
03/02/2016 14:12:48

03/02/2016 14:12:48

03/02/2016 14:12:48

February 3, 2016 | By | Reply More
Sedania offers airtime sharing services to U Mobile

Sedania offers airtime sharing services to U Mobile

KUALA LUMPUR: Sedania Innovator Bhd expects to increase its addressable market to some 58 million after entering into a partnership with U Mobile Sdn Bhd. The two-year partnership, with option to renew for another two years, will see Sedania Innovator providing airtime sharing (ATS) services to U Mobile’s prepaid subscribers. Subscribers will be able to […]

February 3, 2016 | By | Reply More
KL shares open sharply lower on global weakness

KL shares open sharply lower on global weakness

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) opened sharply lower today on global weakness and amid weaker oil prices, dealers said. At 9.07am, the FBM KLCI was 21.6 points easier at 1,631.57, from yesterday’s closing of 1,653.18. The key index opened 16.52 points lower at 1,636.66. A dealer said Bursa Malaysia should […]

February 3, 2016 | 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 as the continued fall in global crude oil prices dampened sentiment the local note, dealers said. At 9am, the local unit was traded at 4.2325/2375 from 4.2050/2100 against the greenback on Tuesday. A dealer said the price of the benchmark Brent crude slipped back […]

February 3, 2016 | By | Reply More
55 industry groups in united stand against foreign worker levy hike

55 industry groups in united stand against foreign worker levy hike

KUALA LUMPUR: Fifty-five industry organisations united in an unprecedented move to call on the government to withdraw the sudden increase in foreign workers’ levy that took effect on Monday, decrying the move as detrimental to costs of doing business, which will lead to price increases for consumers. International Trade and Industry Minister Datuk Seri Mustapa […]

February 2, 2016 | By | Reply More
HLIB Research cuts loan growth forecast to 7.5%

HLIB Research cuts loan growth forecast to 7.5%

PETALING JAYA: Hong Leong Investment Bank (HLIB Research) has reduced loan growth projection for the banking sector to 7.5% this year, as the research house cuts its gross domestic product (GDP) growth to 4.2% after the Budget 2016 recalibration. Its analyst believes that slower growth at the household segment will be offset by loan growth […]

February 2, 2016 | By | Reply More