Author Archive: The Sun Daily

rss feed

Author's Website

Gas Malaysia plans RM180m Perak pipeline

Gas Malaysia plans RM180m Perak pipeline

PETALING JAYA: Gas Malaysia Bhd will build a RM180 million gas infrastructure in Kinta Valley, Perak under a pipeline development agreement (PDA) with the Perak state government. Under the PDA, Gas Malaysia will develop, operate and own the natural gas distribution system pipeline with the capacity of 50,000 standard cubic metre per hour measuring 140km […]

February 22, 2018 | By | Reply More
Kian Joo benefits from tax incentives

Kian Joo benefits from tax incentives

PETALING JAYA: Kian Joo Can Factory Bhd fourth quarter ended Dec 31, 2017 net profit was up 77.6% on tax incentives enjoyed by certain subsidiaries and lower tax rate in Vietnam. The group made a net profit of RM46.9 million for the quarter under review, compared with RM26.4 million for the same quarter in 2016. […]

February 22, 2018 | By | Reply More
Perak Transit wants to transfer listing to Main Market

Perak Transit wants to transfer listing to Main Market

PETALING JAYA: Perak Transit Bhd proposes to transfer from the ACE Market to Main Market of Bursa Malaysia after slightly more than a year since its listing in October 2016. The group told Bursa Malaysia it has met the requirements of the Securities Commission Equity Guidelines based on its audited financial statements with an aggregate […]

February 22, 2018 | By | Reply More
Misif: US wrong to impose import tariffs on Malaysian steel

Misif: US wrong to impose import tariffs on Malaysian steel

PETALING JAYA: The Malaysian Iron and Steel Industry Federation (Misif) deems the US’s inclusion of Malaysia among the steel-exporting countries to face potential tariffs as “wrong”, and will bring its grouses to the Ministry of International Trade and Industry and the US Embassy. Misif president Datuk Soh Thian Lai said for the whole of last […]

February 22, 2018 | By | Reply More
Court strikes out Puncak Niaga's RM14 billion lawsuit

Court strikes out Puncak Niaga's RM14 billion lawsuit

PETALING JAYA: Selangor Mentri Besar Datuk Seri Mohamed Azmin Ali, his predecessor Tan Sri Abdul Khalid Ibrahim and the Selangor state government today secured a major victory against Puncak Niaga Bhd’s RM14 billion claim in relation to the takeover of water assets in the state. The Shah Alam High Court allowed the trio’s application and struck […]

February 22, 2018 | By | Reply More
Toyo Ink warrants surge 1,900% on day Bursa issued UMA query

Toyo Ink warrants surge 1,900% on day Bursa issued UMA query

PETALING JAYA: Toyo Ink Group Bhd’s warrants soared 1,900% making it the top percentage gainer the same day Bursa Malaysia asked for an explanation for the recent spike in its share price via an unusual market query. Its warrants closed at 10 sen, up 9.5 sen with 141.7 million warrants changing hands, making it the […]

February 22, 2018 | By | Reply More
OSK Ventures International's Q4 profit falls 62.7% on lower net fair value gain

OSK Ventures International's Q4 profit falls 62.7% on lower net fair value gain

PETALING JAYA: OSK Ventures International Bhd (OSKVI) reported a 62.7% slump in net profit to RM1.98 million for the fourth quarter ended December 31, 2017 compared with RM5.31 million in the same quarter a year ago, due to lower net fair value gain on financial instruments. Revenue also fell 5.6% from RM22.68 million to RM21.4 […]

February 22, 2018 | By | Reply More
Axiata prefers to collaborate, not remerge, with TM: Jamaludin

Axiata prefers to collaborate, not remerge, with TM: Jamaludin

KUALA LUMPUR: Axiata Group Bhd president and CEO Tan Sri Jamaludin Ibrahim said they are working to collaborate rather than remerge with Telekom Malaysia Bhd, citing that the rationale for the demerger in 2008 still holds water. “What we have decided, is that instead of merger, we have to do a collaboration plan. We announced […]

February 22, 2018 | By | Reply More
Ringgit ends lower versus US dollar

Ringgit ends lower versus US dollar

KUALA LUMPUR: The ringgit ended lower against the US dollar today, following release of the Federal Reserve’s (Fed) meeting minutes and amid a discouraging global oil price environment, said dealers. At 6pm, the local note was quoted at 3.9150/9190 versus the greenback from 3.9040/9080 on Tuesday. A dealer said the US dollar rose to a […]

February 22, 2018 | By | Reply More
Bursa Malaysia ends lower in range bound trade

Bursa Malaysia ends lower in range bound trade

KUALA LUMPUR: Bursa Malaysia ended lower in range bound trading, weighed down by selling activity in selected heavyweight stocks led by Hong Leong Bank and MISC , dealers said. Hong Leong Bank fell 42 sen to RM18.22 and MISC shed 12 sen to RM7, which together accounted for 2.576 points of the index. At the […]

February 22, 2018 | By | Reply More