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Hwang Capital to table proposed SCR

Hwang Capital to table proposed SCR

PETALING JAYA: Hwang Capital (Malaysia) Bhd’s board of directors have decided to table the proposed selective capital reduction and repayment (SCR) exercise to its shareholders. In a filing with Bursa Malaysia, the company said the decision was made after deliberating the contents of the SCR offer letter during a meeting held yesterday. Last month, the […]

July 20, 2017 | By | Reply More
Ringgit ends slightly lower against US Dollar

Ringgit ends slightly lower against US Dollar

KUALA LUMPUR: The ringgit ended slightly lower against the US dollar today as the greenback recover some of its losses which started Tuesday against major currencies as the focus shifted from the US to the European Central Bank (ECB) withdrawing its monetary accommodation, dealers said. At 6pm, the local unit stood at 4.2900/2930 against the […]

July 20, 2017 | By | Reply More
FGV disbands executive board committee, appoints Datuk Khairil Anuar Officer-In-Charge

FGV disbands executive board committee, appoints Datuk Khairil Anuar Officer-In-Charge

PETALING JAYA: Felda Global Ventures Holdings Bhd’s (FGV) board of directors has disbanded a three member board executive committee set up to take over the duties and responsibilities of the group president and CEO Datuk Zakaria Arshad in his absence, to appoint Datuk Khairil Anuar Aziz as Officer-In-Charge with immediate effect. The commitee consisted of […]

July 20, 2017 | By | Reply More
Bursa Malaysia closes lower

Bursa Malaysia closes lower

KUALA LUMPUR: Bursa Malaysia finished lower today as foreign fund managers reduced their positions in the emerging markets, including Malaysia, for the second half of this year, a dealer said. At 5pm, the FTSE Bursa Malaysia KLCI, which opened higher today, finished at 1,755.63, down 1.64 points, after moving between 1,753.96 and 1,759.85 throughout the […]

July 20, 2017 | By | Reply More
Invest Malaysia Kuala Lumpur will run from July 25 to 26

Invest Malaysia Kuala Lumpur will run from July 25 to 26

PETALING JAYA: The annual Invest Malaysia Kuala Lumpur (IMKL) conference returns for its 13th edition this year, co-organised by Bursa Malaysia and CIMB Investment Bank, from July 25 to 26 2017. Themed Malaysia at 60: Maximising Potential, IMKL 2017 coincides with Malaysia’s 60th independence anniversary celebrations. “Invest Malaysia Kuala Lumpur 2017 couldn’t have come at […]

July 20, 2017 | By | Reply More
BNM releases strategy paper on value-based intermediation for Islamic banks

BNM releases strategy paper on value-based intermediation for Islamic banks

PETALING JAYA: Bank Negara Malaysia (BNM) in collaboration with the Islamic finance industry has released a strategy paper on value-based intermediation (VBI), which is hoped will lead to improved suite of products and services by Islamic banking institutions, sustainable environment and economic growth, without compromising on shareholders’ returns. Interested parties are invited to write in […]

July 20, 2017 | By | Reply More
MDEC: Malaysia remains attractive for global business services amid global disruptions

MDEC: Malaysia remains attractive for global business services amid global disruptions

KUALA LUMPUR: Malaysia is currently an attractive location for global business services amidst the disruptions that are happening globally. These disruptions include political, economical, technological, social and legal disruptions, said MDEC vice president of investment and industry development Hew Wee Choong. Speaking at the Global Business Services Forum 2017 today, Hew said the uncertainty cause […]

July 20, 2017 | By | Reply More
Westports’ net profit declines 6.9% in Q2 on lower container throughput, declares 6.37 sen dividend

Westports’ net profit declines 6.9% in Q2 on lower container throughput, declares 6.37 sen dividend

PETALING JAYA: Westports Holdings Bhd saw a 6.9% drop in net profit to RM148.82 million for the second quarter ended June 30, 2017 against RM159.87 million in the same period a year ago, due to lower container throughput. Its revenue also dropped 4.1% from RM522.63 million to RM501.44 million. Westports has proposed to declared an […]

July 20, 2017 | By | Reply More
Maxis Q2 earnings up 17.6% to RM574 million, declares 5 sen dividend

Maxis Q2 earnings up 17.6% to RM574 million, declares 5 sen dividend

PETALING JAYA: Maxis Bhd reported a 17.6% increase in net profit to RM574 million for the second quarter ended June 30 from RM488 million in the previous corresponding period, buoyed by higher earnings before interest, taxes, depreciation and amortisation (ebitda) and lower property, plant and equipment related charges. Revenue rose 3.3% from RM2.1 billion to […]

July 20, 2017 | By | Reply More
Kerjaya Prospek wins RM64.22m related party job

Kerjaya Prospek wins RM64.22m related party job

PETALING JAYA: Kerjaya Prospek Group Bhd’s subsidiary Kerjaya Prospek (M) Sdn Bhd, has won a RM64.22 million job from a related party Kerjaya Prospek Property Sdn Bhd (KP Property). The contract is for foundation piling works and associated sub-structure works for proposed mixed development, of one block of 25 storey hotel and office building and […]

July 20, 2017 | By | Reply More