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Construction firm GDB Holdings to issue 125m new shares under IPO

Construction firm GDB Holdings to issue 125m new shares under IPO

PETALING JAYA: Construction company GDB Holdings Bhd, which plans to list on the ACE market by April, will issue 125 million new shares, representing 20% of its enlarged share capital under its initial public offering (IPO). Alliance Investment Bank is principal adviser, sponsor, sole underwriter and placement agent of the IPO. The group plans to […]

February 6, 2018 | By | Reply More
Pasukhas sells two more steam coal vessels for US$8.74m

Pasukhas sells two more steam coal vessels for US$8.74m

PETALING JAYA: Pasukhas Group Bhd’s unit, Pasukhas Products Sdn Bhd has entered into yet another sale and purchase contract with Taiwan Company for the sale and delivery of two vessels of steam coal at FOB US$8.74 million Anchorage point of South Kalimantan, Indonesia. In January, Pasukhas Products agreed to sell one vessel steam coal at […]

February 6, 2018 | By | Reply More
Asian markets plunge as Wall Street rout spreads

Asian markets plunge as Wall Street rout spreads

HONG KONG: Asian stocks plunged Tuesday after a record-breaking loss on Wall Street, extending a global rout as panicked investors fret over rising US borrowing costs and cash in profits after months of market euphoria. Tokyo led a collapse throughout the region in early trade, diving more than five percent, while Hong Kong was down […]

February 6, 2018 | By | Reply More
Bursa M'sia opens broadly lower

Bursa M'sia opens broadly lower

KUALA LUMPUR: Bursa Malaysia opened broadly lower again today on profit-taking across-the-board while tracking the steep overnight correction on Wall Street, dealers said. At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,818.45, down 34.62 points from Monday’s close of 1,853.07. It opened 38.64 points lower at 1,814.43. Losers led gainers […]

February 6, 2018 | By | Reply More
Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar today, as the greenback continued to regain its footing, helped by better-than-expected US labour data released last week. At 9.00 am, the ringgit stood at 3.9090/9120 against the greenback from Monday’s close of 3.8980/9010. A dealer said the US dollar outlook was also bullish across […]

February 6, 2018 | By | Reply More
Asian shares and US stock futures sink

Asian shares and US stock futures sink

TOKYO: Asian shares and U.S. stock futures sank on Tuesday, after Wall Street suffered its biggest decline since 2011 as investors’ faith in factors underpinning a bull run in markets began to crumble. S&P mini futures fell as much as 2.5% to nearly four-month lows in Asia, extending their losses from the record peak hit […]

February 6, 2018 | By | Reply More
FBM KLCI Index falls another 2.7%

FBM KLCI Index falls another 2.7%

PETALING JAYA: The benchmark FBM KLCI Index fell to a low of 1,795.85 points this morning, after Wall Street suffered its biggest decline since 2011 on Monday. The index was trading at 1,802.61 points, or down 2.72% as at 11.12 am, in line with major stock markets. It continues its downtrend from Monday, when it […]

February 6, 2018 | By | Reply More
Be the SPARK

Be the SPARK

With a renewed vision to bring greater change in the areas of environmental conservation and education, Heineken Malaysia introduced the new identity of its CSR arm – SPARK Foundation. Formerly known as GAB Foundation, the rebranding is aimed at inspiring the younger generation to join the foundation’s efforts in protecting the nation’s water resources and […]

February 6, 2018 | By | Reply More
Back to the drawing board for RM3.6b The Paragon@KL Northgate

Back to the drawing board for RM3.6b The Paragon@KL Northgate

PETALING JAYA: KL Northgate Sdn Bhd continues to see delays in its planned RM3.6 billion gross development project in Gombak – The Paragon@KL Northgate – amid the oversupply situation in the property market. Anzo Holdings Bhd, which was supposed to bid for the project together with MCC Overseas (M) Sdn Bhd by last month, told […]

February 5, 2018 | By | Reply More
Bank Muamalat Malaysia appointed as ASNB agent

Bank Muamalat Malaysia appointed as ASNB agent

PETALING JAYA: Permodalan Nasional Berhad has appointed Bank Muamalat Malaysia Berhad as its Amanah Saham Nasional Berhad (ASNB) agent. With this appointment, Bank Muamalat is ready to offer the sale and purchase of ASNB unit trust funds at its 64 branches. Its chairman Tan Sri Mohd Munir Abdul Majid said that as ASNB agent, all […]

February 5, 2018 | By | Reply More