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Tabung Haji announces lower bonus payout on BNM's cautionary statement

Tabung Haji announces lower bonus payout on BNM's cautionary statement

KUALA LUMPUR: Lembaga Tabung Haji (LTH), which is under scrutiny on alleged financial woes, has announced a lower bonus of 5% for the year 2015, after taking into consideration Bank Negara Malaysia’s cautionary statements and economic prospects in 2016. The bonus payout this year, compares with the 6.25% payout in 2014. However, the Haj bonus […]

February 4, 2016 | By | Reply More
Astro bags EPL broadcast rights for another 3 years

Astro bags EPL broadcast rights for another 3 years

PETALING JAYA: Astro Malaysia Holdings Bhd, has secured the Premier League (EPL) broadcast rights in Malaysia for the next three years from 2016/17 to 2018/19. All 380 Premier League matches every season will be available live on Astro TV in full HD and on all mobile devices via Astro on the Go (AOTG). “We are […]

February 4, 2016 | By | Reply More
AirAsia Group goes green

AirAsia Group goes green

AIRASIA and AirAsia X recently held a community event as part of its #GREEN24 campaign – a climate awareness movement that educates and promotes climate action. The event was a part of a group-wide awareness movement across its global offices that aimed at conserving energy, raising awareness on climate change and working towards developing a […]

February 4, 2016 | By | Reply More
TPPA: Benefits of the 12-party trade pact to Malaysia

TPPA: Benefits of the 12-party trade pact to Malaysia

KUALA LUMPUR: Following are some of the benefits that Malaysia will derive from the Trans-Pacific Partnership Agreement (TPPA), the biggest trade deal thus far, signed today in Auckland, New Zealand. » Malaysia’s Gross Domestic Product (GDP) is projected to increase by US$107 billion to US$211 billion over 2018-2027, which would raise GDP growth between 0.60% […]

February 4, 2016 | By | Reply More
KL shares rebound on technical correction

KL shares rebound on technical correction

KUALA LUMPUR: The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rebounded in early trade today after two consecutive days of losses, dealers said. At 9.10am, the FBM KLCI was 8.5 points higher at 1,641.8, from yesterday’s closing of 1,653.18. The key index opened 4.79 points firmer at 1,638.09. A dealer said the local stock bourse […]

February 4, 2016 | By | Reply More
Ringgit opens higher against US dollar

Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit rebounded against the US dollar today, supported by the rise in oil prices, analysts said. At 9am, the local unit was traded at 4.1600/1670 from 4.2170/2230 against the greenback on Wednesday. An analyst said the surge in oil prices was due to speculation that there may be a possible cut in […]

February 4, 2016 | By | Reply More
Public Bank Q4 revenue up 19.2% to RM1.49 billion

Public Bank Q4 revenue up 19.2% to RM1.49 billion

PETALING JAYA: Public Bank Bhd’s fourth quarter net profit gained 19.2% to RM1.49 billion from RM1.25 billion a year ago. “The improved earnings was mainly due to the net writeback of loan impairment allowances, higher net interest income and higher other operating income partially offset by higher other operating expenses,” the bank told the stock […]

February 3, 2016 | By | Reply More
U Mobile may raise funds with spectrum reallocation

U Mobile may raise funds with spectrum reallocation

PETALING JAYA: U Mobile Sdn Bhd, which has been allocated 2x5MHz of 900MHz and 2x15MHz of 1800MHz under the spectrum reallocation by MCMC (Malaysian Communications and Multimedia Commission), may consider raising funds via bonds, private debt securities (PDS) or an initial public offering (IPO). A source familiar with the industry said that the spectrum reallocation […]

February 3, 2016 | By | Reply More
CLIQ’s woes puts spotlight on O&G SPACs

CLIQ’s woes puts spotlight on O&G SPACs

PETALING JAYA: The resignation of CLIQ Energy Bhd’s principal adviser at such a critical period when the company is racing against time to complete its qualifying asset acquisition, will have a negative impact on other oil and gas special purpose acquisition companies (SPAC), said analysts. “It will be negative in the sense that investors will […]

February 3, 2016 | By | Reply More
Celcom aims to triple post-paid customer base

Celcom aims to triple post-paid customer base

KUALA LUMPUR: Celcom Axiata Bhd aims to triple its post-paid customer base following the launch of the First Gold and NewPhone plans yesterday. “We have to take advantage of the Chinese New Year (festival),” its chief of sales and marketing officer Zalman Aefendy Zainal Abidin told reporters at the new plans launching ceremony yesterday. “With […]

February 3, 2016 | By | Reply More