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PRG Holdings upbeat on 2016 performance

PRG Holdings upbeat on 2016 performance

PETALING JAYA: PRG Holdings Bhd, formerly known as Furniweb Industrial Products Bhd, expects to at least maintain its financial performance this year, compared with last year, in anticipation of better manufacturing business coupled with the diversification into construction and property development. Last year, PRG’s net profit came in at RM6.08 million, more than double the […]

June 23, 2016 | By | Reply More
Honda Malaysia recalls 147,894 vehicles to replace airbag inflator

Honda Malaysia recalls 147,894 vehicles to replace airbag inflator

PETALING JAYA: Honda Malaysia is recalling 147,894 units of vehicles manufactured between the years 2003 and 2011 to replace the front passenger airbag inflator. In a statement yesterday, Honda said the models involved this time are the Accord, City, Civic, CR-V, Freed, Insight, Jazz and Odyssey. Honda Malaysia emphasised that all of its current selling […]

June 23, 2016 | By | Reply More
Economic crimes still on the rise

Economic crimes still on the rise

PETALING JAYA: Malaysian organisations are not doing enough to protect themselves from the risks of economic crime, as evidenced by those like bribery and corruption, asset misappropriation and cybercrime, which continue to evolve in size and complexity, according to PwC Malaysia’s cut of the Global Economic Crime Survey 2016. For bribery and corruption, the fact […]

June 23, 2016 | By | Reply More
Johor Petroleum eyes investors from 3 East Asian nations

Johor Petroleum eyes investors from 3 East Asian nations

JOHOR BARU: Johor Petroleum Development Corporation Bhd (JPDC) is focusing on investors from China, Japan and South Korea to invest in petrochemical-related industries in the Pengerang Integrated Petroleum Complex (PIPC). CEO Mohd Yazid Ja’afar said the PIPC project, which would generate billions of ringgit in investments, was expected to be operational in 2019. “However, the […]

June 23, 2016 | By | Reply More
Benalec gets nod to reclaim more land for Tanjung Piai project

Benalec gets nod to reclaim more land for Tanjung Piai project

KUALA LUMPUR: Benalec Holdings Bhd has been given the go-ahead to reclaim another 2,407 acres, allowing for the construction of all three phases of the Tanjung Piai Integrated Petroleum & Petrochemical hub and Maritime Industrial Park (TPMIP), oil storage terminals and related marine facilities, which will be capable of accommodating vessels up to 350,000 deadweight […]

June 23, 2016 | By | Reply More
Gabungan AQRS secures RM314m PR1MA homes deal

Gabungan AQRS secures RM314m PR1MA homes deal

PETALING JAYA: Property developer Gabungan AQRS Bhd will build 1,140 PR1MA homes for PR1MA Corp Malaysia in a deal worth RM314 million. The homes will be built on the developer’s 19.03-acre site in Dengkil, Selangor. In a filing with Bursa Malaysia yesterday, Gabungan AQRS said its unit Gabungan Strategik Sdn Bhd (GSSB) had received the […]

June 23, 2016 | By | Reply More
BSI appeals Finma decision on 1MDB-linked deals

BSI appeals Finma decision on 1MDB-linked deals

ZURICH: BSI is appealing to a Swiss court against a decision by Switzerland’s financial watchdog Finma over its business relationships and transactions linked to 1Malaysia Development Bhd (1MDB), the Swiss bank said yesterday. “In its appeal, BSI in particular challenges Finma’s assessment of the facts, and holds that the measures ordered are unlawful and disproportionate […]

June 23, 2016 | By | Reply More
Ringgit ends firmer against US dollar

Ringgit ends firmer against US dollar

KUALA LUMPUR: The ringgit ended firmer against the US dollar today on trader optimism the referendum will see Britain stay in the European Union (EU). At 5pm, the ringgit strengthened to 4.0150/0220 against the US dollar from Tuesday’s 4.0315/0365. A dealer said the ringgit touched a six-week peak in thin trading session as traders said […]

June 23, 2016 | By | Reply More
FBM KLCI ends higher

FBM KLCI ends higher

KUALA LUMPUR: Bursa Malaysia ended marginally higher today with the bellwether FBM KLCI in range-bound trading, supported by selected buying in heavyweights such as TNB and Public Bank. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) settled 2.29 points higher at 1,639.98, after opening 9.94 points better at 1,640.67. The index fluctuated between […]

June 23, 2016 | By | Reply More
Pound edges down as voting starts in Britain's EU poll

Pound edges down as voting starts in Britain's EU poll

TOKYO: The pound edged down Thursday afternoon, coming off its highest levels against the dollar this year, as millions headed to the polls in a vote on Britain’s future in the European Union. Sterling bought US$1.4766 in afternoon Tokyo trading, down from the US$1.48 level before the voting started and US$1.4844 — its highest level […]

June 23, 2016 | By | Reply More