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Mi Equipment rebounds from weak start to end above IPO price in debut on Main Market

Mi Equipment rebounds from weak start to end above IPO price in debut on Main Market

PETALING JAYA: Mi Equipment Bhd, the first Main Market listing this year, opened 3 sen or 2.1% discount to its initial public offering (IPO) price of RM1.42 per share amid weak market sentiment arising from the US-China trade spat. However, the stock was quick to rebound as much as 21 sen or 14.8% before closing […]

June 20, 2018 | By | Reply More
Malaysia's inflation rate in May rises at fastest pace in four months

Malaysia's inflation rate in May rises at fastest pace in four months

PETALING JAYA: Malaysia’s consumer price index (CPI) increased 1.8% in May 2018 – the fastest pace in four months – to 121.1 compared with 119.0 in the corresponding month of the preceding year due to a strong recovery in transport prices. According to the Department of Statistics, among the major groups which recorded increases were […]

June 20, 2018 | By | Reply More
Yoodo to step up advertising efforts

Yoodo to step up advertising efforts

PETALING JAYA: Close to four months into its debut, Yoodo, the telco which offers customised mobile plans through an online platform, will be stepping up advertising, especially activities during the festive season as it works towards achieving 600 new subscriptions a day. Acknowledging that the business had seen a slow period during the general elections […]

June 20, 2018 | By | Reply More
Tan Chong Motor sole distributor of King Long buses

Tan Chong Motor sole distributor of King Long buses

PETALING JAYA: Tan Chong Motor Holdings Bhd has secured the exclusive rights to distribute King Long coaches and buses in Malaysia for a period of five years. The working capital for the new business is estimated at RM6.5 million, which will be internally funded by the group. Tan Chong said in a filing with the […]

June 20, 2018 | By | Reply More
Gabungan AQRS bags RM60m project

Gabungan AQRS bags RM60m project

PETALING JAYA: Gabungan AQRS Bhd has been awarded a sub-contract worth RM60.22 million for the execution and completion of sub-structure, toll plaza building and motorcycle lane works of the Elevated Sungai Besi-Ulu Kelang Highway privatisation project. In a filing with Bursa Malaysia today, the group said its wholly owned subsidiary Gabungan Strategik Sdn Bhd (GSSB) […]

June 20, 2018 | By | Reply More
GLCs – ‘monsters’ in the house?

GLCs – ‘monsters’ in the house?

ABOUT a month before Malaysia’s parliamentary election in May, then-opposition leader Tun Dr Mahathir Mohamad raised concerns over the role that government-linked companies (GLCs) were playing in the economy, being “huge and rich” enough to be considered “monsters”. Data support his description – GLCs account for about half of the benchmark Kuala Lumpur Composite Index, […]

June 20, 2018 | By | Reply More
Misif proposes special power tariffs for sector

Misif proposes special power tariffs for sector

PETALING JAYA: The Malaysian Iron and Steel Industry Federation (Misif) has urged the government to consider special tariff arrangements for the energy needs of the domestic iron and steel industry. In a statement today, the federation also requested that the government consider a moratorium to maintain natural gas price at the rate of RM32.52/MMBtu, for […]

June 20, 2018 | By | Reply More
DNeX’s Ping receives two licences in North Sea

DNeX’s Ping receives two licences in North Sea

PETALING JAYA: Ping Petroleum Limited, an associate company of Dagang NeXchange Berhad (DNeX), has been awarded two licences in the UK Central North Sea. The approval was given by the Oil and Gas Authority of the United Kingdom to Ping’s wholly-owned subsidiary company Ping Petroleum UK Limited (Ping UK) who has partnered with two established […]

June 20, 2018 | By | Reply More
Hap Seng sells Tawau land for RM90.13m

Hap Seng sells Tawau land for RM90.13m

PETALING JAYA: Hap Seng Consolidated Bhd is disposing of two parcels of land measuring 59.24 acres in Tawau, Sabah for RM90.13 million through a related party transaction. Hap Seng said its wholly owned subsidiary Hap Seng Properties Development Sdn Bhd entered into a sale and purchase agreement with Goldcoin Ventures Sdn Bhd for the disposal. It […]

June 20, 2018 | By | Reply More
MYEG explores payment processing in the Philippines

MYEG explores payment processing in the Philippines

PETALING JAYA: MY E.G. Services Bhd (MYEG) is looking to register its associate company I-Pay MYEG Philippines Inc as a financial technology solutions business enterprise license applicant in the Cagayan Special Economic Zone and Freeport. In a filing with Bursa Malaysia today, MYEG said I-Pay MYEG has entered into a memorandum of understanding (MOU) with […]

June 20, 2018 | By | Reply More