Yinson,Sumitomo to jointly pursue business in FPSO and FSO
PETALING JAYA: Yinson Holdings Bhd is collaborating with Sumitomo Corp to jointly venture into the business of leasing and operation of floating production storage and offloading (FPSO) and floating storage and offloading (FSO) projects worldwide. Yinson said in a bourse filing that it had entered into a memorandum of understanding (MoU) with Sumitomo, which will […]
Top Glove proposes one-for-one bonus issue
PETALING JAYA: Top Glove Corp Bhd has proposed to undertake a bonus issue on the basis of one bonus share for every one existing share held by shareholders, at an entitlement date to be determined later. The group said in a statement that the exercise will see up to 1.28 billion bonus shares issued to […]
CIMB Thai's Q1 earnings jump 39.3% on higher operating income
PETALING JAYA: CIMB Thai Bank PCL’s net profit jumped 39.3% to THB 168.9 million in the first quarter ended March 31, 2018 from THB 121.2 million in the previous corresponding quarter. The group said in a statement that it was mainly attributed to an 8.1% growth in operating income and a 4.5% drop in provisions, […]
Celcom, edotco launch On Site Services
PETALING JAYA: Celcom Axiata Bhd and edotco Malaysia Sdn Bhd have launched On Site Services Sdn Bhd, a new organisation focused on achieving operational and maintenance service delivery excellence. In a statement, Celcom said On Site Services will be the largest independent first line maintenance (FLM) entity in Malaysia, managing over 10,000 network sites throughout […]
Maxis shares down despite better earnings in Q1
PETALING JAYA: Maxis Bhd’s share price was lower this morning despite announcing improved earnings in its first quarter ended March 31, 2018. At 11.37am, its share price was 0.51% or 3 sen lower at RM5.85 with 148600 shares traded. Maxis reported a 4.18% rise in net profit to RM523 million during the quarter from RM502 […]
Destini's share price rise 3.37% after clinching Defence Ministry deal
PETALING JAYA: Destini Bhd’s share price rose 3.37% this morning after it was awarded a RM138 million contract by the Defence Ministry. At 11.36am, its share price was 3.37% or 1.5 sen higher at 46 sen with 3 million shares traded. The stock closed unchanged yesterday at 44.5 sen with a total of 1.3 million […]
IHH Healthcare shares fall after expressing readiness to infuse RM2.4b into Fortis
PETALING JAYA: IHH Healthcare Bhd, which made an offer to invest up to 40 billion rupees (RM2.36 billion) into India’s Fortis Healthcare Ltd, saw its share price fall 1 sen this morning. At 11.36am, its share price was 0.16% or 1 sen lower at RM6.09 with 462,200 shares traded. The stock closed 2 sen higher […]
Ringgit opens easier against US dollar
KUALA LUMPUR: The ringgit opened easier against the US dollar today on a lack of market demand, a dealer said. At 9.01am, the local unit was quoted at 3.8900/8950 from 3.8890/8920 recorded at Thursday’s close. The dealer said Asian currencies continued to trade on mixed themes, but the ringgit remained exceptionally muted due to the […]
Bursa Malaysia opens lower in early trade
KUALA LUMPUR: Bursa Malaysia opened lower this morning, dampened by profit-taking after the key FTSE Bursa Malaysia KLCI (FBM KLCI) closed at an all-time high of 1,895.18 yesterday. The previous high of the index was 1,892.65, which it attained on July 8, 2014. At 9.05am today, the FBM KLCI eased 4.61 points to 1,890.57. It […]
Malaysia has what it takes to attract MNC investments: GE Malaysia CEO
KUALA LUMPUR: Malaysia has all the key ingredients to attract multinational companies (MNCs) to invest here but more could be done in terms of providing skilled labour, said General Electric (GE) Malaysia CEO Datuk Mark Rozario (pix). “Talent, particularly new graduates, that’s probably one area that could improve but that’s not unique to Malaysia. If […]
