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Wah Seong indirect unit faces €3.9m claim from Bauhuis, plans counter-claim

Wah Seong indirect unit faces €3.9m claim from Bauhuis, plans counter-claim

PETALING JAYA: Wah Seong Corp Bhd will be potentially sued for €3.9 million (RM19.1 million) in relation to its contract for the supply of pipe coating equipment to be installed and commissioned by Bauhuis at a pipe manufacturing plant in Regina, Canada. Wah Seong told Bursa Malaysia that its indirect wholly owned subsidiary Wasco Coatings […]

November 8, 2017 | By | Reply More
Eco World to buy 70% of Willmott Dixon arm, co-develop 12 sites in England

Eco World to buy 70% of Willmott Dixon arm, co-develop 12 sites in England

PETALING JAYA: Eco World International Bhd (EWI) has entered into a heads of agreement with Willmott Dixon to acquire a 70% interest in the latter’s residential development business for an undisclosed sum. The property firm told Bursa Malaysia, it will partner with Willmott Dixon to develop 12 sites in Greater London and the South East […]

November 8, 2017 | By | Reply More
PNB to issue RM2b green sukuk for office tower project

PNB to issue RM2b green sukuk for office tower project

KUALA LUMPUR: Malaysian government-linked investment firm Permodalan Nasional Bhd (PNB) is looking to raise RM2 billion via a green sukuk programme to fund its 83-storey office tower project. The 15-year tenure secured unrated green sukuk, called Merdeka Asean Green SRI Sukuk Programme, will comply with the Sustainable Responsible Investment (SRI) sukuk requirements and adopt the […]

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MPs want Petronas to exit Myanmar to protest against treatment of Rohingya

MPs want Petronas to exit Myanmar to protest against treatment of Rohingya

KUALA LUMPUR: Malaysian members of parliament today asked state energy firm Petroliam Nasional Bhd (Petronas) to exit its Myanmar operations and investments to protest against the violence against the Rohingya Muslim minority. Petronas is one of the biggest employers in Malaysia, where Islam is the official religion, and the country’s only Fortune 500 company. It […]

November 8, 2017 | By | Reply More
Minister says Malaysia’s 2017 trade could reach RM1.5-RM1.6 trillion

Minister says Malaysia’s 2017 trade could reach RM1.5-RM1.6 trillion

KUALA LUMPUR: Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan is optimistic that Malaysia’s total trade could increase to between RM1.5 trillion and RM1.6 trillion this year from RM1.48 trillion last year. “As of September, we already achieve RM1.3 trillion. With three more months to go, we can easily supercede last year’s […]

November 8, 2017 | By | Reply More
Ringgit ends higher on improved demand

Ringgit ends higher on improved demand

KUALA LUMPUR: The ringgit ended higher against the US dollar today on improved demand for the local note, a dealer said. At 6 pm, the local unit traded at 4.2280/2300 against the greenback from 4.2285/2305 on Tuesday. A dealer said traders were nervous amid the probability of the proposed tax reforms in the United States […]

November 8, 2017 | By | Reply More
Bursa M'sia ends easier

Bursa M'sia ends easier

KUALA LUMPUR: Bursa Malaysia reversed yesterday’s gains to finish easier today, as profit-taking capped the uptrend in the local market, said an analyst. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 6.74 points lower at 1,744.20, after moving between 1,744.09 and 1,749.83 throughout the day. The key index opened 4.06 points easier […]

November 8, 2017 | By | Reply More
RHB Bank aims for 8-10% of home financing applications to come from RHB My Home App

RHB Bank aims for 8-10% of home financing applications to come from RHB My Home App

KUALA LUMPUR: RHB Bank Bhd is eyeing at least 8-10% of home financing applications through its newly launched mobile app, RHB MyHome App in the first year of operation. RHB Acting Head of retail banking, Nazri Othman said this at a press conference held after the launch today. The application enables customers to apply for […]

November 8, 2017 | By | Reply More
Perodua: New Myvi open for bookings tomorrow

Perodua: New Myvi open for bookings tomorrow

PETALING JAYA: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) today announced that the all-new Myvi will be open for bookings starting tomorrow. Prices for the new Myvi range from RM44,300 to RM55,300. Speaking at a press conference here, Perodua president and CEO Datuk Aminar Rashid Salleh said the group is targeting average monthly sales of 6,000 […]

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Perodua says consumer sentiment remains subdued but still confident of achieving sales target

Perodua says consumer sentiment remains subdued but still confident of achieving sales target

PETALING JAYA: Perusahaan Otomobil Kedua Sdn Bhd (Perodua), whose all-new Myvi is open for booking tomorrow, sees continued challenges in the business environment as it has yet to discern a recovery in consumer sentiment. “Not much change yet in consumer sentiment, but from the announcements in budget (2018), there seems to be some hope. With […]

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