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Review on PR1MA done prior to allocation for 210,000 units

Review on PR1MA done prior to allocation for 210,000 units

KUALA LUMPUR: The government decided to construct 210,000 units of affordable houses after conducting a review on the PR1MA housing scheme, said Finance Minister II Datuk Seri Johari Abdul Ghani. The minister said this during the launch of Maybank Islamic’s rent-to-own product, Houzkey, today but did not elaborate further on the PR1MA housing scheme, which […]

November 23, 2017 | By | Reply More
Bursa Malaysia ends lower, tracking weaker regional bourses

Bursa Malaysia ends lower, tracking weaker regional bourses

KUALA LUMPUR: Bursa Malaysia closed lower today, in line with weaker regional markets as sentiment was dampened by the bearish China stock market, dealers said. At the close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended 2.27 points lower at 1,721.27 from Wednesday’s close of 1,723.54. The index opened 0.12 of-a-point easier at 1,723.42 […]

November 23, 2017 | By | Reply More
Maybank Islamic launches first rent-to-own scheme by a bank

Maybank Islamic launches first rent-to-own scheme by a bank

KUALA LUMPUR : Maybank Islamic today launched, Houzkey, a rent-to-own product targeted for properties below RM1 million. The bank has partnered with five developers namely SP Setia, EcoWorld, Mah Sing, Gamuda and Sime Darby for its pilot launch–whose projects will be made available under the scheme. To be rolled out next year, the banking group […]

November 23, 2017 | By | Reply More
FGV sees lower CPO prices in first half of 2018 on market competition

FGV sees lower CPO prices in first half of 2018 on market competition

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) foresees slightly lower crude palm oil (CPO) prices of between RM2,500 and RM2,700 per metric tonnes moving into the first half of 2018. This is due to market competition from its rival soybean oil and the recovery of palm oil plantations, said group president and CEO Datuk […]

November 23, 2017 | By | Reply More
KPJ Healthcare’s Q3 net profit fall 5.98%

KPJ Healthcare’s Q3 net profit fall 5.98%

PETALING JAYA: KPJ Healthcare Bhd’s net profit for the third quarter ended Sept 30, 2017 fell 5.98% to RM30.56 million from RM32.50 million a year ago due to a drop in earnings from its business in Indonesia. In a filing with Bursa Malaysia today, the group said the Indonesia segment reported a 48% drop in […]

November 23, 2017 | By | Reply More
KPJ Healthcare’s Q3 net profit falls 5.98%

KPJ Healthcare’s Q3 net profit falls 5.98%

PETALING JAYA: KPJ Healthcare Bhd’s net profit for the third quarter ended Sept 30, 2017 fell 5.98% to RM30.56 million from RM32.50 million a year ago due to a drop in earnings from its business in Indonesia. In a filing with Bursa Malaysia today, the group said the Indonesia segment reported a 48% drop in […]

November 23, 2017 | By | Reply More
Axiata’s Q3 net profit hit by losses in India

Axiata’s Q3 net profit hit by losses in India

PETALING JAYA: Axiata Group Bhd’s net profit for the third quarter ended Sept 30, 2017 fell 7.03% to RM238.53 million from RM256.56 million a year ago due to a drop in share of results from associates and joint ventures. In a filing with Bursa Malaysia today, the group said its share of results from associates […]

November 23, 2017 | By | Reply More
FGV posts RM38.77m net profit in Q3, declares 5 sen dividend

FGV posts RM38.77m net profit in Q3, declares 5 sen dividend

PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) returned to the black, registering a net profit of RM38.77 million for the third quarter ended Sept 30, 2017 against a net loss of RM73.61 million in the previous corresponding period, driven by lower cost of sales and operating expenses. Its revenue for the quarter declined 1% […]

November 23, 2017 | By | Reply More
Bumi Armada achieves RM123.73m net profit in Q3

Bumi Armada achieves RM123.73m net profit in Q3

PETALING JAYA: Bumi Armada Bhd registered a net profit of RM123.73 million in the third quarter ended Sept 30, 2017 compared with a net loss of RM96.71 million in the same period last year. Revenue for the quarter rose 70% to RM641.40 million from RM377.51 million a year ago, primarily due to the increase in […]

November 23, 2017 | By | Reply More
Petronas' Q3 earnings jump 64% on higher revenue, lower costs and impairment on assets

Petronas' Q3 earnings jump 64% on higher revenue, lower costs and impairment on assets

PETALING JAYA: Petroliam Nasional Bhd (Petronas) saw a 64% jump in net profit for the third quarter ended Sept 30, 2017 to RM10 billion from RM6.1 billion a year ago, on the back of higher revenue and lower costs and impairment on assets. This is despite being partially offset by higher tax expenses, product costs […]

November 23, 2017 | By | Reply More