Author Archive: The Sun Daily

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Great achievements

Great achievements

GREAT Eastern Life Assurance (Malaysia) Berhad (Great Eastern Life) honoured their 2,364 Life Planners at the recent 2017 Supremacy Summit Award Presentation. This year, there were a total of 191 achievers of the Million Dollar Round Table (MDRT), Court of the Table (COT) and Top of the Table (TOT). For more information, visit greateasternlife.com

April 26, 2018 | By | Reply More
Nestle expects higher profit margin in 2018

Nestle expects higher profit margin in 2018

KUALA LUMPUR: Nestle (Malaysia) Bhd is aiming for a higher profit margin in 2018 on the back of lower commodity prices and the strengthening of the ringgit. “The gross margin will improve as commodity prices have started to decrease and the ringgit has appreciated. We also have been able to further increase our efficiency and […]

April 26, 2018 | By | Reply More
PUC upbeat on theme park industry

PUC upbeat on theme park industry

PETALING JAYA: PUC Bhd, whose shareholders approved its acquisition of a 33% stake in Pictureworks Holdings Bhd, is upbeat on the theme park industry. “The theme park industry, in Asia particularly, is actually a fast growing market. Big players are constantly expanding their existing resorts like Shanghai Disneyland’s grand opening of their Toy Story Land […]

April 26, 2018 | By | Reply More
PUC shareholders approve diversification plan

PUC shareholders approve diversification plan

PETALING JAYA: PUC Bhd, which has been actively expanding its reach in the technology space recently, has won shareholders approved for the acquisition of a 33% stake in Pictureworks Holdings Bhd today, paving the way for its diversification into the digital space. “We are happy to see the support from shareholders for the acquisition. Moving […]

April 26, 2018 | By | Reply More
Online fee waiver a small impact to CIMB's non-interest income

Online fee waiver a small impact to CIMB's non-interest income

KUALA LUMPUR: CIMB Group Holdings Bhd does not expect the waiver of its online fund transfer fees to affect its non-interest income significantly, but only a “very small” impact. “It’s an amount that we can live with. What’s important is the benefit to customers over the long term and how it will support a cashless […]

April 26, 2018 | By | Reply More
CIMB optimistic of exceeding T18 targets

CIMB optimistic of exceeding T18 targets

KUALA LUMPUR: CIMB Group Holdings Bhd is cautiously optimistic about 2018 and is poised to exceed its targets set for its Target 2018 (T18) initiative this year, the final year of the four-year programme. CIMB chairman Datuk Seri Nazir Razak is hopeful that the bank will be able to exceed the T18 targets at the […]

April 26, 2018 | By | Reply More
Ireka unit bags RM92m job from Pantai Hospital

Ireka unit bags RM92m job from Pantai Hospital

PETALING JAYA: Ireka Corp Bhd has won a RM92 million contract for the proposed construction of additional basement and eight-storey hospital and refurbishment works of existing hospital building at Pantai Hospital Ayer Keroh, Malacca. Pantai Hospital awarded the contract to its wholly-owned unit Ireka Engineering & Construction Sdn Bhd, Ireka said in a filing with […]

April 26, 2018 | By | Reply More
Westports shares up despite lower Q1 net profit

Westports shares up despite lower Q1 net profit

PETALING JAYA: Shares of Westports Holdings Bhd edged up this morning, despite announcing a lower net profit for the first quarter ended March 31. At 11.14am, the port operator’s share price rose 10 sen, or 3% to RM3.43, bringing its market capitalisation to RM11.56 billion. Westports’ net profit fell 12% to RM123.8 million in the […]

April 26, 2018 | By | Reply More
Hap Seng shares up after it buys vehicle distribution business

Hap Seng shares up after it buys vehicle distribution business

PETALING JAYA: Hap Seng Consolidated Bhd’s share price rose 9 sen or 0.93% this morning, after announcing that it is acquiring Mercedes-Benz Malaysia Sdn Bhd’s commercial vehicle wholesale distribution business yesterday. At 10.53am, the stock stood at RM9.80 with 32,500 shares changing hands. The group has a market capitalisation of RM24.17 billion. The group told […]

April 26, 2018 | By | Reply More
Ringgit extends losses to open lower against US dollar

Ringgit extends losses to open lower against US dollar

KUALA LUMPUR: The ringgit extended losses from yesterday to open lower against the US dollar, as the greenback continues to strengthen on the back of rising US bond yields. At 9am, the ringgit was quoted at 3.9150/9200 compared with 3.9100/9130 on Wednesday. OANDA Head of Trading in Asia-Pacific, Stephen Innes said regional currencies had also […]

April 26, 2018 | By | Reply More