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Indonesian ban on poultry from Malaysia has no impact on exporters

Indonesian ban on poultry from Malaysia has no impact on exporters

PETALING JAYA: Indonesia’s ban on the import of fresh poultry and unprocessed products from Malaysia shipped after Aug 9 will not have any impact on Malaysian exporters, as they have not been in the market for more than a year now. According to an industry player who declined to be named, a ban on Malaysian […]

August 16, 2018 | By | Reply More
KR1M 2.0 expected to be rebranded, again

KR1M 2.0 expected to be rebranded, again

KUALA LUMPUR: The Kedai Rakyat 1Malaysia (KR1M) programme, which was suspended last year and relaunched in February this year, is expected to undergo yet another rebranding exercise, this time under the Pakatan Harapan government. The programme, now known as KR1M 2.0, will continue after some restructuring, according to a source. Deputy Domestic Trade and Consumer […]

August 16, 2018 | By | Reply More
Bursa Malaysia opens lower

Bursa Malaysia opens lower

KUALA LUMPUR: Bursa Malaysia opened lower today weighed down by selling activities in most heavyweights, taking the cue from the weaker performance on Wall Street and European stock markets overnight, dealers said. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.79 points weaker at 1,780.15 from Wednesday’s close of 1,785.94. The index […]

August 16, 2018 | By | Reply More
Ringgit opens flat against US dollar

Ringgit opens flat against US dollar

KUALA LUMPUR: The ringgit was unchanged from yesterday’s close amid geopolitical tensions between Washington and Ankara. At 9am, the local note was traded at 4.1020/1050 versus the greenback from yesterday’s close of 4.1020/1050. MIDF Amanah Investment Bank’s Chief Economist Dr Kamaruddin Mohd Nor said despite the current episode of trade tensions and recent lira crisis […]

August 16, 2018 | By | Reply More
Public Bank posts 4.8% jump in Q2 net profit, declares 32 sen dividend

Public Bank posts 4.8% jump in Q2 net profit, declares 32 sen dividend

PETALING JAYA: Public Bank Bhd’s net profit for the second quarter ended June 30, 2018 rose 4.8% to RM1.40 billion from RM1.33 billion a year ago due mainly to higher net interest income, higher income from Islamic banking business, lower loan impairment allowance and higher net fee and commission income. Revenue jumped 5.2% to RM5.44 […]

August 15, 2018 | By | Reply More
Mudajaya: RM119m job to build office tower terminated

Mudajaya: RM119m job to build office tower terminated

PETALING JAYA: Mudajaya Group Bhd said today its wholly owned subsidiary Mudajaya Corp Bhd’s RM119 million contract to build a16-storey office complex in Shah Alam, Selangor, from KLIAA-KLIACS Consortium (KLIA Consortium), known as Hevea Tower, has been terminated. Mudajaya Corp received the notice on the termination, which took effect on Monday, from KLIA Consortium on […]

August 15, 2018 | By | Reply More
Miti to review anti-dumping duty on hot rolled coil imports

Miti to review anti-dumping duty on hot rolled coil imports

PETALING JAYA: The Ministry of International Trade and Industry (Miti) will initiate an administrative review on anti-dumping duty on imports of hot rolled coils, chequered coils, and pickled and oiled coils from China and Indonesia – following a petition from an interested party for the removal of duties. The ministry’s director of the trade practices […]

August 15, 2018 | By | Reply More
China-linked cyberattacks not ruled out as M’sia reviews deals

China-linked cyberattacks not ruled out as M’sia reviews deals

KUALA LUMPUR: Chinese state-sponsored hackers may be targeting companies and state agencies in Malaysia as it looks to review several major projects linked to China’s Belt and Road Initiative, cyber security firm FireEye Inc said today. Malaysian Prime Minister Tun Dr Mahathir Mohamad, who took power after an election win in May, will be in […]

August 15, 2018 | By | Reply More
CIMB Niaga first-half earnings 28% higher year on year

CIMB Niaga first-half earnings 28% higher year on year

PETALING JAYA: PT Bank CIMB Niaga Tbk (CIMB Niaga) posted a net profit of 1.8 trillion rupiah (RM504.3 million) in the first half of 2018 (1H18), representing a 28.1% year-on-year (y-o-y) growth, which translates into an earnings per share of 70.54 rupiah. The improved net profit came on the back of a 32.6% increase in […]

August 15, 2018 | By | Reply More
Top Glove makes fresh bid to freeze Adventa’s assets

Top Glove makes fresh bid to freeze Adventa’s assets

PETALING JAYA: Top Glove Corp Bhd has filed a fresh Mareva application to freeze the assets of Adventa Capital, after its previous application was dismissed by the Kuala Lumpur High Court. In a filing with Bursa Malaysia today, the group said it had, on Monday, filed a fresh Mareva application in the writ action to […]

August 15, 2018 | By | Reply More