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Banks approve over RM25b worth of home loans

Banks approve over RM25b worth of home loans

PETALING JAYA: More than RM25.7 billion in loans have been approved by commercial banks in Malaysia from January to May this year, with loans in excess of RM24.6 billion disbursed for the purchase of residential property. “The Association of Banks Malaysia (ABM) would like to reiterate that its member banks, which comprise the commercial banks […]

July 21, 2017 | By | Reply More
Mudajaya, Thriven extend settlement period to Sept 1

Mudajaya, Thriven extend settlement period to Sept 1

PETALING JAYA: Mudajaya Group Bhd’s wholly-owned subsidiary MJC Development Sdn Bhd has mutually agreed in writing with Thriven Global Bhd and Mayfair Ventures Sdn Bhd to extend the settlement agreement’s completion date to Sept 1, 2017 for the parties to conclude the disposal of Mayfair, which was the initially the vehicle to develop Lumi Tropicana in […]

July 21, 2017 | By | Reply More
Apex not UEL-owned

Apex not UEL-owned

PETALING JAYA: Apex Healthcare Bhd (AHB) has clarified that it is incorrect to describe the group as United Engineers Ltd (UEL)-owned as UEL does not own a direct 40.61% stake in AHB. “UEL is only deemed to have an interest in AHB through its wholly-owned subsidiary, namely UE UMC Pte Ltd, which in turn owns […]

July 21, 2017 | By | Reply More
Ringgit opens higher against the US Dollar

Ringgit opens higher against the US Dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar for the fourth consecutive day, driven by continuous interest in emerging market assets amid the lack of catalyst in major economies, dealers said. At 9am, the local unit stood at 4.2840/2870 against the greenback compared with yesterday’s close of 4.2900/2930. A dealer said the European […]

July 21, 2017 | By | Reply More
KL shares open slightly higher

KL shares open slightly higher

KUALA LUMPUR: Bursa Malaysia opened marginally higher this morning but eased momentarily before picking up momentum again. At 9am, the FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.92 of-a-point better at 1,756.55 but retreated slightly before rebounding 0.43 of-a-point to 1,756.06 at 9.05am. The index finished at 1,755.63 on Thursday. Dealers said the market was […]

July 21, 2017 | By | Reply More
Public IB now an Islamic participating organisation on Bursa Malaysia-i

Public IB now an Islamic participating organisation on Bursa Malaysia-i

KUALA LUMPUR: Bursa Malaysia Bhd has added Public Investment Bank Bhd (PIVB) to its Islamic Participating Organisations list, making it the 13th stockbroking house partnering with Bursa Malaysia-i. Bursa Malaysia CEO Datuk Seri Tajuddin Atan said together it will provide a conducive marketplace for the syariah investing community and will continue to spur the growth […]

July 21, 2017 | By | Reply More
FGV share price up after it disbands executive board committee

FGV share price up after it disbands executive board committee

PETALING JAYA: Felda Global Ventures Holdings Bhd’s (FGV) share price rose 0.6% this morning after its board of directors disbanded a three member board executive committee and appointed Datuk Khairil Anuar Aziz as officer-in-charge with immediate effect. As at 11.13am, FGV is the top 30th active counter on Bursa Securities. Its share price stood at […]

July 21, 2017 | By | Reply More
Tien Wah’s shares fall on plant closure

Tien Wah’s shares fall on plant closure

PETALING JAYA: Tien Wah Press Holdings Bhd’s share price fell 2.1% this morning after the group announced that it is closing down its 57-year-old printing business in Petaling Jaya following the exit of its major customer British American Tobacco (Malaysia) Bhd last year. As at 11.05am, Tien Wah is the top 28th loser on Bursa […]

July 21, 2017 | By | Reply More
Festive goodwill

Festive goodwill

7-ELEVEN Malaysia, the nation’s largest 24-hour convenience store chain operator, recently took the opportunity to spread Hari Raya goodwill and bring cheer to shelter seekers of Persatuan Kebajikan Ikhlas Komuniti Malaysia (PPKIM), otherwise known as Ikhlas. Together with NGO Hub Asia, representatives convened to distribute packed wholesome food and a goodie-bag containing an Aktif water […]

July 21, 2017 | By | Reply More
Average job turnover for a person is 2½ years

Average job turnover for a person is 2½ years

KUALA LUMPUR: Human resource (HR) practices in Malaysia must change and accept the fact that the average turnover for any individual in this day and age is two-and-a-half years, according to one panellist at the Global Business Services Forum 2017 yesterday. “In a HR organisation, have we evolved to the point that we really understand […]

July 20, 2017 | By | Reply More