Author Archive: The Sun Daily

rss feed

Author's Website

Hap Seng sells Tawau land for RM90.13m

Hap Seng sells Tawau land for RM90.13m

PETALING JAYA: Hap Seng Consolidated Bhd is disposing of two parcels of land measuring 59.24 acres in Tawau, Sabah for RM90.13 million through a related party transaction. Hap Seng said its wholly owned subsidiary Hap Seng Properties Development Sdn Bhd entered into a sale and purchase agreement with Goldcoin Ventures Sdn Bhd for the disposal. It […]

June 20, 2018 | By | Reply More
MYEG explores payment processing in the Philippines

MYEG explores payment processing in the Philippines

PETALING JAYA: MY E.G. Services Bhd (MYEG) is looking to register its associate company I-Pay MYEG Philippines Inc as a financial technology solutions business enterprise license applicant in the Cagayan Special Economic Zone and Freeport. In a filing with Bursa Malaysia today, MYEG said I-Pay MYEG has entered into a memorandum of understanding (MOU) with […]

June 20, 2018 | By | Reply More
Ringgit closes lower against US dollar

Ringgit closes lower against US dollar

KUALA LUMPUR: The ringgit closed lower today against the US dollar as the greenback continued its uptrend and there was reduced demand for emerging market currencies amid ongoing trade tensions. At 6pm, the ringgit was quoted at 4.0040/0070 against the greenback compared with Tuesday’s close of 4.0020/0050. A dealer said the local currency remained under […]

June 20, 2018 | By | Reply More
Scientex profit slips 8.1% in Q3 on lower property contribution

Scientex profit slips 8.1% in Q3 on lower property contribution

PETALING JAYA: Scientex Bhd’s net profit declined 8.1% to RM61.14 million for the third quarter ended April 30, 2018 versus RM66.5 million in the previous corresponding period, due to lower contribution from the property division as the recently launched projects were still in the early stages of progress billings despite having registered commendable sales for […]

June 20, 2018 | By | Reply More
Shares of Maxis fall, Astro rise on talk of corporate exercise by Ananda Krishnan

Shares of Maxis fall, Astro rise on talk of corporate exercise by Ananda Krishnan

PETALING JAYA: Shares of Maxis Bhd fell, while Astro Malaysia Holdings Bhd’s stock rose on news of a possible corporate exercise by major shareholder T Ananda Krishnan. Maxis Bhd’s share price closed eight sen lower to RM5.57 in morning trade, while Astro’s share price was up six sen to RM1.66, after a report in an […]

June 20, 2018 | By | Reply More
A Maxis-Astro merger makes sense, says analyst

A Maxis-Astro merger makes sense, says analyst

PETALING JAYA: A merger between Maxis Bhd and Astro Malaysia Holdings Bhd is a rational option in view of intense market competition, according to AmInvestment Bank. Should it materialise, it would create a merged entity with a market capitalisation of RM53 billion against RM44 billion for Maxis. The combined net profit meanwhile, stands at RM2.6 […]

June 20, 2018 | By | Reply More
MRCB's Salim to retire on July 2

MRCB's Salim to retire on July 2

PETALING JAYA: Malaysian Resources Corporation Bhd’s Group Managing Director Tan Sri Mohamed Salim Fateh Din, will retire on July 2, 2018 to make way for his son Mohd Imran Mohamad Salim to takeover helm of the group. The stock was up half a sen at 65 sen with some 2.3 million shares changing hands, at […]

June 20, 2018 | By | Reply More
Imran takes over from his father as MRCB group MD

Imran takes over from his father as MRCB group MD

PETALING JAYA: Malaysian Resources Corp Bhd’s (MRCB) executive director Mohd Imran Mohamad Salim will replace his father as group managing director effective July 2. Salim owns a 16.6% stake in MRCB, the second largest shareholder after Employees Provident Fund with 35.32%. Lembaga Tabung Haji holds the largest number of shares after Salim, with a 6.97% […]

June 20, 2018 | By | Reply More
Malaysia’s inflation up 1.8% in May

Malaysia’s inflation up 1.8% in May

PETALING JAYA: Malaysia’s consumer price index (CPI) increased 1.8% in May 2018 to 121.1 compared with 119.0 in corresponding month of the preceding year, according to the Department of Statistics. Among the major groups which recorded increases were transport (+3.8%); food & non-alcoholic beverages (+2.2%); housing, water, electricity, gas & other fuels (+2.1%); restaurants and […]

June 20, 2018 | By | Reply More
Acer aces it!

Acer aces it!

Acer has captured the d&i gold award at Computex 2018, a collaboration between iF Design of Germany and Taiwan External Trade Development Council (TAITRA), attaining a total of four awards. The brand also received three Computex Best Choice Awards from the Taipei Computer Association (TCA) for IoT, gaming and mobile communications.The Computex d&i (design and […]

June 20, 2018 | By | Reply More