Author Archive: The Sun Daily

rss feed

Author's Website

India's Fortis Healthcare launches new bidding process

India's Fortis Healthcare launches new bidding process

BENGALURU: India’s cash-strapped Fortis Healthcare Ltd laid out plans on Tuesday for a fresh bidding process, after it became the subject of a bidding war by suitors seeking to cash in on an expected boom in India’s private healthcare market. Five local and overseas suitors became engaged in a race to either take over or […]

May 30, 2018 | By | Reply More
Gamuda, MRCB, YTL slip on HSR termination

Gamuda, MRCB, YTL slip on HSR termination

PETALING JAYA: Shares of Gamuda Bhd, Malaysian Resources Corp Bhd (MRCB) and YTL Corp Bhd saw heightened selling pressure this morning after news of the Kuala Lumpur-Singapore High Speed Rail (HSR) project being called off. Gamuda fell as much as 40 sen or 9.7% to RM3.73 on some 4.79 million shares done, while MRCB dropped […]

May 30, 2018 | By | Reply More
Construction stocks fall as HSR, MRT3 ‘derailed’

Construction stocks fall as HSR, MRT3 ‘derailed’

PETALING JAYA: The scrapping of the the MRT3 project, known as the Circle Line yesterday – two days after the Kuala Lumpur-Singapore High Speed Rail (HSR) project termination – worked to drive local construction stocks further into the doldrums, falling another 24.42 points or 10.87%. Gamuda Bhd saw the hardest hit, skidding 95 sen or […]

May 30, 2018 | By | Reply More
Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit opened lower versus the US dollar this morning on lack of demand for the local currency, a dealer said. At 9.02am, the local unit was quoted at 3.9900/9930 against Monday’s close of 3.9800/9850. The market was close on Tuesday for the Wesak Day holiday. Oanda Head of Trading in Asia-Pacific Stephen […]

May 30, 2018 | By | Reply More
KLCI falls 2.37% this morning, ringgit weakens to 3.9948

KLCI falls 2.37% this morning, ringgit weakens to 3.9948

PETALING JAYA: The local bourse tumbled as much as 42.08 points or 2.37% this morning, in line with regional market sell-off amid political crisis in Italy. At 10.45am, the KLCI was trading at 1,733.76 points, with losers outpacing gainers 768 to 107. The construction index saw the sharpest decline of 8.52 points or 3.79% to […]

May 30, 2018 | By | Reply More
Marvellous feats

Marvellous feats

AIRASIA, via its agencies, nabbed a total of 11 accolades at the recent 2018 MARKies Awards held in Kuala Lumpur. Brought by Advertising + Marketing magazine, the MARKies Awards celebrates, honours, and recognises the most innovative, creative and effective campaigns or projects across Malaysia’s diverse marketing services industry. AirAsia’s 11 wins comprise five gold, five […]

May 30, 2018 | By | Reply More
Bursa Malaysia opens easier

Bursa Malaysia opens easier

KUALA LUMPUR: Bursa Malaysia opened easier today, echoing the overnight underperformance of Wall Street, dealers said. At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 31.23 points lower at 1,744.61 from Monday’s close of 1,775.84. The index opened 16.28 points weaker at 1,759.56. On the broader market, decliners led gainers 449 to 70, […]

May 30, 2018 | By | Reply More
KLCI earnings may rise by 5.3% in 2018

KLCI earnings may rise by 5.3% in 2018

PETALING JAYA: AmBank Research, which called the first quarter reporting season “a tad discouraging”, has projected FBM KLCI’s earnings to grow by 5.3% and 7.1% in 2018 and 2019, underpinned by a gross domestic product growth of 5.5% and 5.3% respectively. Its year-end targets of the local bourse are forecast at 1,900 points and 2,040 […]

May 29, 2018 | By | Reply More
WTO being ‘asphyxiated’, outgoing judge says in veiled rebuke to US

WTO being ‘asphyxiated’, outgoing judge says in veiled rebuke to US

GENEVA: The World Trade Organisation (WTO) is being slowly strangled to death, a retiring trade judge whose replacement has been blocked by the United States said in his farewell speech, delivering a thinly-veiled rebuke to the Donald Trump administration. Ricardo Ramírez-Hernández served two terms as a judge on the WTO’s Appellate Body, which acts as […]

May 29, 2018 | By | Reply More
Dahmakan to offer RM10-15 meals in 2H’18

Dahmakan to offer RM10-15 meals in 2H’18

PETALING JAYA: Food delivery start-up Dahmakan, which intends to raise US$7 million (RM27 million) in a Series A round in the third quarter this year (Q3’18), plans to offer RM10-15 meals in the second half of this year under the Rockchop by Dahmakan brand. CEO Jonathan Weins said while Dahmakan has higher price points (RM21-29), […]

May 29, 2018 | By | Reply More