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Alliance Bank launches mobile app

Alliance Bank launches mobile app

PETALING JAYA: Alliance Bank Malaysia Bhd has launched its first mobile banking application to simplify and enhance its customers’ overall banking experience. The new allianceonline mobile banking app offers customers access to online banking services, including viewing of account balances, transaction flows and e-deposits placements in a hassle-free manner, the bank said in a statement. […]

April 25, 2018 | By | Reply More
Unisem assures no more forex losses after Q1 shocker

Unisem assures no more forex losses after Q1 shocker

KUALA LUMPUR: Unisem (M) Bhd is not expected to incur more forex losses in the coming quarters after being hit by the RM9.95 million forex losses in the first quarter of 2018, according to chairman and managing director John Chia Sin Tet. The forex losses were due to the strengthening of the ringgit to 3.88 against […]

April 25, 2018 | By | Reply More
Worst over for Unisem after stock falls 18%

Worst over for Unisem after stock falls 18%

KUALA LUMPUR: Unisem (M) Bhd, which has emerged as one of the biggest victims of the strong ringgit with its share price tumbling as much as 19.8% today, does not foresee more forex losses in the coming quarters, according to chairman and managing director John Chia Sin Tet. Its share price closed 40 sen or […]

April 25, 2018 | By | Reply More
Bursa Malaysia's Q1 net profit jumps 12.6%

Bursa Malaysia's Q1 net profit jumps 12.6%

PETALING JAYA: Bursa Malaysia Bhd saw its first quarter net profit jump 12.6% on higher operating revenue and other income as well as lower amortisation and depreciation costs and other operating expenses. The group made a net profit of RM63.8 million for the quarter ended March 31, 2018 (1Q2018), compared with RM56.6 million for the […]

April 25, 2018 | By | Reply More
RHB Bank aims for 6% loan growth driven by mortgage, SME and Singapore biz

RHB Bank aims for 6% loan growth driven by mortgage, SME and Singapore biz

KUALA LUMPUR: RHB Bank Bhd is aiming for a loan growth of 6% this year, driven by mortgage, SME and its Singapore business, said group managing director Datuk Khairussaleh Ramli. Last year, RHB saw a loan growth of 3.7%. He said the bank will allocate RM200 million for its digital initiatives over the next three […]

April 25, 2018 | By | Reply More
RHB aims for 6% loan growth this year

RHB aims for 6% loan growth this year

KUALA LUMPUR: RHB Bank Bhd is aiming for a loan growth of 6% this year, compared with 3.7% last year, driven by mortgage, SME and its Singapore business, said group managing director Datuk Khairussaleh Ramli. “Singapore has not been growing for the last two years. But we believe that Singapore is now ready to grow […]

April 25, 2018 | By | Reply More
SC's audit oversight board sanctions auditor for poor quality audit work

SC's audit oversight board sanctions auditor for poor quality audit work

PETALING JAYA: The Securities Commission Malaysia’s (SC) audit oversight board (AOB) has reprimanded and fined Tang Boon Hiap of CHI-LLTC a sum of RM225,000 for failure to comply with the International Standards on Auditing when auditing a public-listed company. The commission said in a statement that compliance with auditing standards when auditing the financial statements […]

April 25, 2018 | By | Reply More
Minetech Resources rise 5% on new solar plant contract

Minetech Resources rise 5% on new solar plant contract

PETALING JAYA: Minetech Resources Bhd’s share price rose half a sen or 5% this morning, after it bagged a contract to develop a large-scale solar photovoltaic plant in Manjung, Perak. At 11.13am, the stock stood at 10.5 sen with 429,200 shares changing hands. Yesterday, the group said its 70%-owned unit Coral Power Sdn Bhd has […]

April 25, 2018 | By | Reply More
Takaful Malaysia shares up after reporting 23% rise in Q1 earnings

Takaful Malaysia shares up after reporting 23% rise in Q1 earnings

PETALING JAYA: Syarikat Takaful Malaysia Bhd’s share price rose 10 sen or 3.07% this morning, after announcing that its net profit jumped 23% to RM69.98 million in the first quarter ended March 31 from RM56.75 million a year ago. At 11.11am, the stock stood at RM3.36 with 45,000 shares changing hands, giving it a market […]

April 25, 2018 | By | Reply More
IHH shares fall further after Fortis binding bid

IHH shares fall further after Fortis binding bid

PETALING JAYA: IHH Healthcare Bhd’s share price continued to fall by five sen or 0.82% this morning, after it revised its offer to make a combination of a binding and non-binding offer to sweeten the deal for India’s Fortis Healthcare Ltd yesterday. At 10.52am, the stock stood at RM6.04 with 217,300 shares changing hands. It […]

April 25, 2018 | By | Reply More