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Malaysian property industry Oscars

Malaysian property industry Oscars

CONSUMERS are the ultimate end-users of products and services. Understanding their views and opinion is important for all marketers. Likewise those who purchase property, be it for their own residence, office-space, investment or rental income, are the ultimate end-users of the properties promoted by developers. Having believed and invested in the developers’ offerings, their views […]

November 6, 2015 | By | Reply More
KL shares lower at opening

KL shares lower at opening

KUALA LUMPUR: Bursa Malaysia opened lower today on profit-taking activities and in tandem with the downtrend among regional peers, following the weaker overnight close on Wall Street. At 9.13am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,686.44, down 2.1 points, after opening at 1,686.35. Gainers led losers 180 to 129, while 189 […]

November 6, 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 on subdued sentiment amid optimism of an interest rate hike in the US this year. At 9.18am, the ringgit was quoted at 4.2940/3010 versus the greenback from 4.2920/2970 at 5pm on Thursday. A dealer said a recent comment from US Federal Reserve Chair Janet […]

November 6, 2015 | By | Reply More
Bank Negara maintains key interest rate, sees risks to growth

Bank Negara maintains key interest rate, sees risks to growth

KUALA LUMPUR: Bank Negara Malaysia (BNM) kept its overnight policy rate at 3.25% yesterday, as expected, citing a weaker external environment, slowing private consumption and higher inflation. Southeast Asia’s third largest economy has been hit hard by weak global prices for its energy and commodity exports, the ringgit currency’s fall to 17-year lows, and political […]

November 5, 2015 | By | Reply More
No Wasia for now, we’ll give you more time, Ongkili tells Selangor

No Wasia for now, we’ll give you more time, Ongkili tells Selangor

KUALA LUMPUR: Energy, Green Technology and Water Minister Datuk Seri Panglima Maximus Johnity Ongkili said it will give the Selangor government more time to win over the two water concessionaires that have yet to sign a deal, adding that it is too early to decide whether the government will need to compulsorily acquire their assets. […]

November 5, 2015 | By | Reply More
Bantah TPPA: Our worst fears confirmed

Bantah TPPA: Our worst fears confirmed

PETALING JAYA: Bantah TPPA said its worst fears have been confirmed following the disclosure of the finalised texts of the Trans-Pacific Partnership Agreement (TPPA) yesterday, highlighting two chapters of the agreement related to intellectual property and investment. In a statement issues yesterday, group chairman Mohd Nizam Mahshar said the intellectual property chapter will jeopardise access […]

November 5, 2015 | By | Reply More
Acoustech benefits from weaker ringgit

Acoustech benefits from weaker ringgit

PORT KLANG: Audio equipment manufacturer Acoustech Bhd said the weakening of ringgit against the greenback has brought a windfall for the company, as it gains on export activities. Acoustech’s core business is in the manufacturing of speaker units on an original equipment manufacturing basis for major consumer electronic brand names, including Sony, Panasonic, JVC and […]

November 5, 2015 | By | Reply More
‘TPP agreement can be amended’

‘TPP agreement can be amended’

KUALA LUMPUR: The Trans-Pacific Partnership Agreement (TPPA) can be amended with the agreement of all parties involved. The final text of the agreement released yesterday said amendments can be made after each party completes its applicable legal procedures and notifies, in writing, a depositary which is responsible for receiving and disseminating documents. The text also […]

November 5, 2015 | By | Reply More
Johor Corp offers RM4.10 a share to take Kulim private

Johor Corp offers RM4.10 a share to take Kulim private

PETALING JAYA: Johor Corp has launched a takeover offer for Kulim (Malaysia) Bhd through a selective capital reduction (SCR) and repayment exercise, with an intention to delist Kulim. The offer price of RM4.10 per share, represents an 80 sen or 24.24% premium against the closing price of RM3.30 on Wednesday. In a filing with the […]

November 5, 2015 | By | Reply More
Handal will be affected by Petronas capex cut

Handal will be affected by Petronas capex cut

KUALA LUMPUR: Handal Resources Bhd expects Petroliam Nasional Bhd’s (Petronas) capital expenditure (capex) cut and consolidation within the oil and gas industry to affect its net profit and order book. “Yes, it would (affect our net profit and order book). As I said, we are more or less mitigated by the effect because of our […]

November 5, 2015 | By | Reply More