Metronic Global: No financial impact from recent special audit
PETALING JAYA: Metronic Global Bhd announced that the findings of a recently-completed special audit report will have no financial or operational impact on its business. In a filing with Bursa Malaysia today, the intelligent building management systems specialist said these irregularities took place in the past and appropriate provisions of the same were sufficiently made […]
Bank Negara refutes Bloomberg report, says Malaysia still resilient to external shocks
PETALING JAYA: Bank Negara Malaysia (BNM) stressed that the nation remains resilient and international reserves are not the only means to meet external obligations. The central bank was responding to an article published by Bloomberg entitled “Malaysia Reserve Buffer Seen by Moody’s as Among Weakest in Asia”. BNM said Malaysia’s net international investment position of […]
Three directors arrested in joint raid on MGSB
KUALA LUMPUR:Three company directors were arrested and remanded for masterminding and acting as agents for illegal deposit-taking activities in an inter-agency bust on MGSB Bhd. Bank Negara Malaysia (BNM) said in a statement yesterday that the joint raid conducted by National Revenue Recovery Enforcement Team of the Attorney-General’s Chamber (NRRET), Royal Malaysian Police (RMP) and […]
Berjaya Sports Toto Q1 net profit jumps 26.5%
PETALING JAYA: Berjaya Sports Toto Bhd’s (BToto) net profit in the first quarter (Q1) ended July 31, 2017 jumped 26.5% to RM74.31 million, from RM58.74 million in the previous corresponding quarter. The group told the stock exchange today, this was mainly attributed to the improved results of HR Owen Plc as well as the foreign […]
Better margins, cost control boost REDtone's Q1 bottom line
PETALING JAYA: REDtone International Bhd posted a net profit of RM1.1 million in the first quarter ended July 31, 2017 compared with a net loss of RM1.16 million a year ago, underpinned by improved gross margins and better control of operating costs. In a filing with Bursa Malaysia today, the company said it made a […]
Ringgit emerges attractive currency among investors at close
KUALA LUMPUR: The ringgit was higher against the US dollar at today’s close as the local note emerged as an attractive currency among investors, dealers said. He said the ringgit soared as the greenback traded sideways ahead of the outcome of the Federal Reserve’s meeting. At 6pm, the local unit was quoted at 4.1860/1890 against […]
Bursa Malaysia closes lower on lack of buying interest
KUALA LUMPURL: Bursa Malaysia closed lower today on lack of buying interest as traders awaited the outcome of the US Federal Open Market Committee (FOMC) meeting, dealers said. At the close, the key FTSE Bursa Malaysia KLCI (FBM KLCI) fell 3.08 points to end at 1,773.58 against yesterday’s close of 1,776.66. Earlier, the benchmark index […]
U Mobile, MPI Generali team up to provide general insurance solutions
PETALING JAYA: U Mobile Sdn Bhd has signed a memorandum of understanding (MoU) with MPI Generali Insurans Bhd to provide general insurance solutions to its customer base. U Mobile said in a statement that through this partnership, its customers will be able to subscribe, manage and view their general insurance coverage entirely via their mobile […]
Japan’s Mitsubishi UFJ sells 4.6% stake in CIMB
PETALING JAYA: Japan’s Mitsubishi UFJ Financial Group (MUFG) has disposed of a 4.6% stake in CIMB Group Holdings Bhd. There was no mention of the selling price, but news reports had indicated that the shares were sold for RM6.15 to RM6.30 apiece, bringing the total disposal sum to RM2.53 billion to RM2.6 billion. At 2.39 […]
Japan’s MUFG sells 4.6% stake in CIMB
PETALING JAYA: Japan’s Mitsubishi UFJ Financial Group (MUFG) has disposed of a 4.6% stake in CIMB Group Holdings Bhd. There was no mention of the selling price, but news reports had indicated that the shares were sold for RM6.15 to RM6.30 apiece, bringing the total disposal sum to RM2.53 billion to RM2.6 billion. At 2.39 […]
