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Ringgit opens lower against US dollar

Ringgit opens lower against US dollar

KUALA LUMPUR: The ringgit opened lower against the US dollar for the third consecutive day on US interest rate normalisation concerns. At 9.00am, the ringgit stood at 3.9140/9170 against the greenback from Wednesday’s close of 3.9040/9080. OANDA Corp Head of Trading for Asia Pacific Stephen Innes said short-term sentiment remained tarnished by an unexpectedly faster […]

February 22, 2018 | By | Reply More
Toyo Ink queried over share price spike

Toyo Ink queried over share price spike

PETALING JAYA: Toyo Ink Group Bhd has been slapped with an unusual market activity (UMA) query by Bursa Malaysia Securities Bhd on the sharp rise in the price of the company’s shares recently. As at 11.59am, Toyo Ink’s share price rose 32.05% to RM1.03 with 4.46 million shares changing hands. It was trading at 58 […]

February 22, 2018 | By | Reply More
Labour productivity in the country grew 3.6% in Q4

Labour productivity in the country grew 3.6% in Q4

PETALING JAYA: Labour productivity in the country grew 3.6% (RM85,031) in the fourth quarter of 2017 after registering 4.1% (RM82,433) growth in Q3 2017. During this quarter, Malaysia’s economy expanded 5.9% (Q3 2017: 6.2%) while employment rose 2.2% (Q3 2017: 2.0%). Agriculture sector registered labour productivity growth of 4.8% (Q3 2017: 5.2%) at RM55,490. The […]

February 22, 2018 | By | Reply More
Accumulate cash on ShopBack

Accumulate cash on ShopBack

POPULAR “online cashback platform”, ShopBack, recently shared interesting and valuable information about its “users” based on data from the digital transactions on its website. Some of its observations from its positive performance in Q4 2017 include: > Almost 20% more digital transactions were recorded through ShopBackMalaysia than its Singapore counterpart. ShopBackMalaysia has experienced more than […]

February 22, 2018 | By | Reply More
Final version of revised TPP released

Final version of revised TPP released

WELLINGTON/SYDNEY: The final version of a landmark deal aimed at cutting trade barriers in some of the Asia-Pacific’s fastest-growing economies was released today, signalling the pact was a step closer to reality even without its star member the United States. More than 20 provisions have been suspended or changed in the final text ahead of […]

February 21, 2018 | By | Reply More
Hap Seng to acquire 55% of Kretam for RM1.18b

Hap Seng to acquire 55% of Kretam for RM1.18b

KUALA LUMPUR: Hap Seng Plantations Holdings Bhd proposes to acquire a 55% stake in Kretam Holdings Bhd for RM1.18 billion or 92 sen per share, triggering the 33% mandatory takeover offer threshold. Hap Seng told Bursa Malaysia today that it had on Feb 21 entered into conditional share sale agreements with Kretam CEO Datuk Lim […]

February 21, 2018 | By | Reply More
AirAsia X fourth quarter earnings soar on forex gains

AirAsia X fourth quarter earnings soar on forex gains

PETALING JAYA: AirAsia X Bhd’s (AAX) net profit for the fourth quarter ended Dec 31, 2017 more than doubled to RM84.41 million from RM39.01 million a year ago, due mainly to foreign exchange gains. The group recorded revenue of RM1.22 billion for the quarter, 4% higher than the RM1.17 billion achieved in the same quarter […]

February 21, 2018 | By | Reply More
Inland Revenue Board slaps winding-up petition on Eden

Inland Revenue Board slaps winding-up petition on Eden

PETALING JAYA: Eden Inc Bhd has been slapped with a winding-up petition by the Inland Revenue Board (IRB) for about RM3.19 million income tax debt for years of assessment 2013 and 2014. In a filing with Bursa Malaysia, Eden said the petition was presented to the High Court of Malaya on Feb 6 and was […]

February 21, 2018 | By | Reply More
Hibiscus second quarter earnings up, aided by Anasuria Cluster

Hibiscus second quarter earnings up, aided by Anasuria Cluster

PETALING JAYA: Hibiscus Petroleum Bhd’s net profit for the second quarter ended Dec 31, 2017 rose 3.4% to RM11.04 million from RM10.68 million a year ago thanks to contribution from Anasuria Hibiscus UK. Its revenue also jumped 21% to RM76.06 million compared with RM62.82 million in the previous year’s corresponding quarter mainly due to investment […]

February 21, 2018 | By | Reply More
Lower Q4 net profit for UOA Development

Lower Q4 net profit for UOA Development

PETALING JAYA: UOA Development Bhd’s earnings dropped 44.6% to RM191.8 million for the fourth quarter ended Dec 31, 2017, from RM346 million in the previous corresponding quarter, mainly due to the absence of fair value adjustments in the current quarter. Revenue declined 26.4% to RM199.27 million, compared with RM270.64 million in the same period in […]

February 21, 2018 | By | Reply More