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Nexgram shares rise despite facing claims totalling RM2.83m

Nexgram shares rise despite facing claims totalling RM2.83m

PETALING JAYA: Nexgram Holdings Bhd’s share price rose 14.29% this morning despite news of its unit being served with 10 writ of summons and statement of claims for a total of RM2.83 million. At 11.03am, its share price rose 14.29% or 0.5 sen to 4 sen with a total of 212,500 shares traded. The stock closed […]

November 20, 2017 | By | Reply More
SP Setia's shares fall 1.43% on additional income tax bill

SP Setia's shares fall 1.43% on additional income tax bill

PETALING JAYA: SP Setia Bhd’s share price fell 1.43% this morning after the group was slapped with an additional income tax and penalty totalling RM75.38 million by the Inland Revenue Board (IRB). At 10.58am, its share price fell 1.43% or 5 sen to RM3.44 with a total of 1.07 million shares traded. The stock fell 5 […]

November 20, 2017 | By | Reply More
TRIplc's shares rise 4.07% on special dividend

TRIplc's shares rise 4.07% on special dividend

PETALING JAYA: TRIplc Bhd’s share price rose 4.07% this morning after the company proposed a special dividend of about RM1.95 per share or RM134.79 million last Friday. At 10.58am, its share price rose 4.07% or 9 sen to RM2.30 with a total of 2.59 million shares traded. The stock fell 9 sen or 3.9% to close […]

November 20, 2017 | By | Reply More
Ringgit opens higher against US dollar

Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit opened higher against the US dollar today on higher demand as a result of the positive spillover from Malaysia’s 6.2% economic growth recorded in the third quarter of this year. At 9am, the local unit was traded at 4.1560/1600 against the greenback from last Friday’s close of 4.1600/1630. A dealer said […]

November 20, 2017 | By | Reply More
Bursa Malaysia opens higher on bullish sentiment

Bursa Malaysia opens higher on bullish sentiment

KUALA LUMPUR: Bursa Malaysia opened higher today on bullish sentiment following the release of a stronger set of third quarter gross domestic product (GDP) data last week, a dealer said. At 9.17am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 3.19 points firmer at 1,724.85 from Friday’s close of 1,721.66. The index opened 2.11 […]

November 20, 2017 | By | Reply More
Kejuruteraan Asastera sees potential in mechanical sector business growth

Kejuruteraan Asastera sees potential in mechanical sector business growth

KUALA LUMPUR: The newly Ace Market-listed Kejuruteraan Asastera Bhd (KAB) intends to grow its mechanical engineering (M&E) business to account for 50% of the group’s total revenue contribution in the next five years, from less than 10% currently. KAB’s current core business, the electrical engineering services, which contributes almost 90% of its total revenue, involves […]

November 19, 2017 | By | Reply More
Malaysia on strong growth path

Malaysia on strong growth path

KUALA LUMPUR: Compared to forecasts at the start of the year, Malaysia is one of the economies in Asean that surprised most to the upside, said Standard Chartered Bank head of Asean Economic Research Edward Lee. “The pickup in external demand was not unexpected but domestic strength exceeded expectations,” he told SunBiz after the Malaysian […]

November 19, 2017 | By | Reply More
Any adjustment to policy a normalisation

Any adjustment to policy a normalisation

KUALA LUMPUR: Malaysia has the flexibility to adjust the degree of its monetary policy accommodativeness, which it stressed will be a “normalisation” of interest rates, said Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim. “We’ve hinted that once the growth of economy is entrenched, economic expectation is positive, inflation is what we’ve expected and […]

November 19, 2017 | By | Reply More
Can Bitcoin survive central banks' scrutiny?

Can Bitcoin survive central banks' scrutiny?

KUALA LUMPUR: With threats of serious financial crime looming with the emergence of new technologies, including cryptocurrencies, can bitcoin survive scrutiny from central banks globally? Amid growing warnings of a market bubble, central banks, such as that of China, have restricted cryptocurrencies trading, which sent the virtual currency dropping as much as 40% since reaching […]

November 18, 2017 | By | Reply More
Siemens workers vow fightback against Germany job cull

Siemens workers vow fightback against Germany job cull

BERLIN: Hundreds of angry Siemens workers protested at the industrial behemoth’s historic Berlin factory Friday, in the first revolt against a mass jobs cull that unions have vowed to resist with all their might. “We are Siemens and we aren’t going anywhere,” the crowd chanted, a day after the firm announced it would slash some […]

November 18, 2017 | By | Reply More