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Ringgit likely to trend lower against US dollar next week

Ringgit likely to trend lower against US dollar next week

KUALA LUMPUR:The ringgit is likely to trend lower against the US dollar next week, mainly weighed by prospects of higher US interest rates. FXTM Research Analyst Lukman Otunuga said with the US dollar heavily supported by the interest rate hikes expectations, the ringgit had the scope to trade towards the 4.17 level against the greenback […]

October 20, 2018 | By | Reply More
The Rice Day 2018 campaign

The Rice Day 2018 campaign

HOUSEHOLD brand names Jasmine Food Corporation (Jasmine) and Tefal Malaysia collaborate in organising The Rice Day 2018. The event was established to create awareness and educate the public on the benefits of rice, at the same time bust the myths and common misconceptions about this dietary staple. The event, themed “No Rice, No Life”, is […]

October 19, 2018 | By | Reply More
BIG promo offer from KK to Kunming, direct

BIG promo offer from KK to Kunming, direct

FROM Nov 30, Sabahans will be able to fly direct from Kota Kinabalu to Kunming. The new route on AirAsia will offer four flights a week and marks AirAsia Group’s fourth route into the capital of Yunnan province. It is also the airline’s 10th international route from the hub in Kota Kinabalu. Kunming, known as […]

October 19, 2018 | By | Reply More
Nazir Razak steps down as CIMB chairman today, succeeded by Mohd Nasir Ahmad

Nazir Razak steps down as CIMB chairman today, succeeded by Mohd Nasir Ahmad

PETALING JAYA: CIMB Group Holdings Bhd has received Bank Negara Malaysia’s approval for the appointment of Datuk Mohd Nasir Ahmad as the group chairman effective tomorrow. He will succeed Datuk Seri Nazir Razak, who is stepping down today. On Sept 24, Nazir announced his intention to retire from his position as the group chairman and […]

October 19, 2018 | By | Reply More
Ringgit closes slightly lower against US dollar

Ringgit closes slightly lower against US dollar

KUALA LUMPUR: The ringgit continued its downtrend to close slightly lower against the US dollar today, as buying sentiment towards the local unit deteriorated after the government cut economic growth projections and dropped plans to balance the budget by 2020. At 6pm, the ringgit edged down to 4.1560/1600 versus the greenback from 4.1550/1580 on Thursday. […]

October 19, 2018 | By | Reply More
Boustead: Alleged land conspiracy involved 200 acres in Selangor

Boustead: Alleged land conspiracy involved 200 acres in Selangor

PETALING JAYA: The land transactions named in businessman Deepak Jaikishan’s lawsuit involves three pieces of freehold land measuring 200 acres in Selangor that were acquired for RM130 million cash, said Boustead Holdings Bhd. In a filing with Bursa Malaysia, Boustead said in December 2012, it acquired two plots of land measuring 96.825 acres and 81.085 […]

October 19, 2018 | By | Reply More
Melati Ehsan appointed turnkey contractor for PJ commercial project

Melati Ehsan appointed turnkey contractor for PJ commercial project

PETALING JAYA: Melati Ehsan Holdings Bhd’s wholly owned subsidiary Bayu Melati Sdn Bhd (BMSB) has been appointed the main/turnkey contractor to construct shops, commercials lots and serviced apartments in Section 40, Petaling Jaya. The appointment of BMSB as main/turnkey contractor of the project is by virtue of the privatisation agreement dated Oct 19, 2018 entered […]

October 19, 2018 | By | Reply More
MyEG not under MACC probe for Ahmad Zahid case

MyEG not under MACC probe for Ahmad Zahid case

PETALING JAYA: MyEG Services Bhd and its board of directors are not the subjects of investigation by the Malaysian Anti-Corruption Commission (MACC). The company told Bursa Malaysia that it had received a letter from the MACC confirming and clarifying that MyEG and its board of directors are not under the investigation and are not a […]

October 19, 2018 | By | Reply More
Fima Corp, Datasonic fail to reach resolution on passport case

Fima Corp, Datasonic fail to reach resolution on passport case

PETALING JAYA: Fima Corp Bhd’s wholly owned subsidiary Percetakan Keselamatan Nasional Sdn Bhd and Datasonic Group Bhd’s wholly owned subsidiary Datasonic Technologies Sdn Bhd have failed to reach an amicable resolution in a civil suit involving Malaysian passport booklets. In a filing with Bursa Malaysia, Fima said Percetakan Keselamatan Nasional had agreed to attempt mediation […]

October 19, 2018 | By | Reply More
BAT Malaysia sees flat earnings in Q3, declares 40 sen dividend

BAT Malaysia sees flat earnings in Q3, declares 40 sen dividend

PETALING JAYA: British American Tobacco (Malaysia) Bhd’s (BAT Malaysia) net profit for the third quarter ended Sept 30, 2018 grew marginally to RM145.81 million from RM145.49 million a year ago. The group said in a statement that it saw volume recovery at 4.8% during the quarter versus the first quarter of 2018 while profit from […]

October 19, 2018 | By | Reply More