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Construction of Track 4A project to begin within 6-12 months

Construction of Track 4A project to begin within 6-12 months

KUALA LUMPUR: The construction work of the long-delayed power plant project Track 4A in Pasir Gudang, Johor, is expected to begin within six months to a year, said Energy Commission (EC) chairman Datuk Abdul Razak Abdul Majid.  The project, estimated to cost about RM4.7 billion, is now expected to achieve scheduled commercial operation on July […]

November 21, 2017 | By | Reply More
UEM Sunrise shares up on improved Q3 earnings

UEM Sunrise shares up on improved Q3 earnings

PETALING JAYA: UEM Sunrise Bhd’s shares rose 0.94% this morning on news of its net profit doubling in the third quarter ended Sept 30, 2017. At 10.58am, its share price rose 0.94% or 1 sen to RM1.07 with a total of 3.34 million shares traded. The stock gained 1 sen or 0.96% to close at […]

November 21, 2017 | By | Reply More
Mieco Chipboard's shares fall despite three-fold jump in Q3 earnings

Mieco Chipboard's shares fall despite three-fold jump in Q3 earnings

PETALING JAYA: Mieco Chipboard Bhd’s shares fell 0.85% this morning despite announcing a three-fold jump in its third quarter earnings. At 10.41am, its share price fell 0.85% or 1 sen to RM1.17 with a total of 1871800 shares traded. The stock rose 2.61% or 3 sen to close at RM1.18 yesterday with a total of […]

November 21, 2017 | By | Reply More
Luxury property freeze to affect market sentiment

Luxury property freeze to affect market sentiment

PETALING JAYA: The freeze on luxury properties and the possible rate hike next year are expected to affect market sentiment, according to analysts. Kenanga Research foresees some knee-jerk reaction to developers’ share prices over the next few days. The Properties Index fell as much as 11.83 points or 1% to 1211.60 points yesterday, before closing […]

November 20, 2017 | By | Reply More
UEM’s Q3 earnings more than doubled to RM86m

UEM’s Q3 earnings more than doubled to RM86m

PETALING JAYA: UEM Sunrise Bhd’s net profit more than doubled to RM86.6 million for the third quarter ended Sept 30, 2017 against RM36.33 million in the same quarter a year ago, underpinned by strong construction progress from its international and local projects, inventory monetisation initiatives and a gain from the disposal of its land in […]

November 20, 2017 | By | Reply More
India’s biggest tax hike may cut palm oil imports

India’s biggest tax hike may cut palm oil imports

MUMBAI: India’s palm oil imports are likely to drop until the end of the year after the world’s largest edible oils buyer raised import taxes to the highest in more than a decade, importers and dealers said. India announced late on Friday that it raised its import tax on crude palm oil to 30% from […]

November 20, 2017 | By | Reply More
RSPO optimistic over certification

RSPO optimistic over certification

SANDAKAN: The Roundtable of Sustainable Palm Oil (RSPO), a leading not-for-profit body that provides certification for sustainable palm oil, is optimistic that the entire 150 growers worldwide under its scheme will be able to obtain RSPO certification in five years, more than double of the 72 growers certified now. In 2016, Malaysia made up 30.91% […]

November 20, 2017 | By | Reply More
Malaysia’s top CPO producer stepping up efforts for CSPO recognition

Malaysia’s top CPO producer stepping up efforts for CSPO recognition

SANDAKAN: Malaysia’s top crude palm oil producing (CPO) state Sabah, is stepping up efforts to pool together its large number of plantation smallholders to achieve economies of scale and efficiency in full compliance of the Certified Sustainable Palm Oil (CSPO) by 2025, under a jurisdictional programme. Non-governmental organisation Forever Sabah board chair and chief executive […]

November 20, 2017 | By | Reply More
Mieco Chipboard’s third quarter earnings jump three-fold

Mieco Chipboard’s third quarter earnings jump three-fold

PETALING JAYA: Mieco Chipboard Bhd’s net profit for the third quarter ended Sept 30, 2017 jumped more than three-fold to RM15.62 million from RM4.23 million a year ago driven by higher selling price and improved production efficiency. In a filing with Bursa Malaysia today, the group said its performance a year ago was also lower […]

November 20, 2017 | By | Reply More
KKB Engineering posts RM4.97m net profit in Q3

KKB Engineering posts RM4.97m net profit in Q3

PETALING JAYA: KKB Engineering Bhd has posted a net profit of RM4.97 million for the third quarter ended Sept 30, 2017 (Q3), from a net loss RM135,000 in the previous corresponding quarter on the back of higher revenue. Revenue for the quarter surged 78.3% to RM49.3 million, compared with RM27.6 million in the same period […]

November 20, 2017 | By | Reply More