Author Archive: The Sun Daily

rss feed

Author's Website

Sentoria proposes rights, bonus issues

Sentoria proposes rights, bonus issues

PETALING JAYA: Sentoria Group Bhd has proposed to undertake a rights issue that will raise gross proceeds of up to RM52.8 million, to be used as working capital. In a filing with Bursa Malaysia today, the group said RM35 million will be used for the group’s property development projects, RM16.8 million for general working capital […]

September 21, 2017 | By | Reply More
Spritzer to raise RM63.8m for warehouse expansion

Spritzer to raise RM63.8m for warehouse expansion

PETALING JAYA: Spritzer Bhd has proposed an issuance of up to 27.4 million new shares to Tasik Puncak Holdings Ltd to raise up to RM63.81 million to fund the expansion of warehouse facilities in Taiping. Upon completion of the exercise, Tasik Puncak Holdings, which currently does not hold any shares in the group, will emerge […]

September 21, 2017 | By | Reply More
Visdynamics net profit lower in Q3

Visdynamics net profit lower in Q3

PETALING JAYA: Visdynamics Holdings Bhd saw a 32.2% decline in its net profit in the third quarter ended July 31, to RM1.34 million from RM1.97 million in the preceding year’s corresponding quarter, due to lower revenue. The group, which is involved in the semiconductor industry, recorded a 7.1% dip in revenue to RM7.49 million against […]

September 21, 2017 | By | Reply More
Poh Kong’s Q4 earnings up more than fivefold

Poh Kong’s Q4 earnings up more than fivefold

PETALING JAYA: Poh Kong Holdings Bhd’s net profit for the fourth quarter ended July 31, 2017 jumped more than five times to RM14.32 million from RM2.84 million a year ago due to higher profit from operations and lower finance costs. In a filing with Bursa Malaysia today, Poh Kong said its profit from operations for […]

September 21, 2017 | By | Reply More
Ringgit ends easier against greenback

Ringgit ends easier against greenback

KUALA LUMPUR: The ringgit was lower against the US dollar at close as the greenback was lifted following the US Federal Reserve’s (Fed) decision to unwind its historic-making economic stimulus in October, dealers said. At 6pm, the local unit was quoted at 4.1960/1000 against the US dollar from 4.1860/1890 on Wednesday. A dealer said investors, […]

September 21, 2017 | By | Reply More
Bursa Malaysia closes lower ahead of long weekend

Bursa Malaysia closes lower ahead of long weekend

KUALA LUMPUR: Bursa Malaysia closed lower today as traders trimmed their positions ahead of the long weekend, a dealer said. At the close, the key FTSE Bursa Malaysia KLCI (FBM KLCI) fell 2.54 points to end at 1,771.04 against yesterday’s close of 1,773.58. Earlier, the benchmark index opened 1.87 points higher at 1,775.45. Market breadth […]

September 21, 2017 | By | Reply More
Bank Negara's international reserves at US$100.8b as at Sept 15, 2017

Bank Negara's international reserves at US$100.8b as at Sept 15, 2017

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) international reserves amounted to US$100.8 billion (RM432.8 billion) as at Sept 15, 2017, compared with US$100.5 billion (RM431.7 billion) registered as at Aug 30, 2017. “The reserves position is sufficient to finance 7.7 months of retained imports and is 1.1 times the short-term external debt,” said BNM in a […]

September 21, 2017 | By | Reply More
Miti expects SMEs grasp Industry 4.0 concept by year-end

Miti expects SMEs grasp Industry 4.0 concept by year-end

KOTA BARU,: The Ministry of International Trade and Industry (Miti) is targeting the small and medium enterprises (SMEs) to grasp the Industry 4.0 concept latest by the end of this year. Deputy Minister Datuk Ahmad Maslan (pix) said this was in line with the government’s aspiration to start applying the elements contained in Industry 4.0 […]

September 21, 2017 | By | Reply More
Allana to diversify halal frozen meat offering to local market

Allana to diversify halal frozen meat offering to local market

KUALA LUMPUR: Indian buffalo meat exporter Allanasons Pvt Ltd (Allana), which is on the lookout for more Malaysian companies to serve as distributors, is working towards diversifying its product offering of halal frozen meat to the local market by next year. The group has been distributing boneless buffalo meat to Malaysia since 1982. It currently […]

September 21, 2017 | By | Reply More
Bank Negara's international reserves at US$100.8 billion as at Sep 15

Bank Negara's international reserves at US$100.8 billion as at Sep 15

PETALING JAYA: Bank Negara Malaysia’s international reserves amounted to US$100.8 billion (RM432.8 billion) as at September 15, 2017, 0.3% higher than the US$100.5 billion (RM431.7 billion) recorded as at August 30. The central bank said in a statement that the reserves position is sufficient to finance 7.7 months of retained imports and is 1.1 times […]

September 21, 2017 | By | Reply More