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Daibochi net profit jumps 15.7%

Daibochi net profit jumps 15.7%

PETALING JAYA: Daibochi Plastic and Packaging Industry Bhd posted 15.7% higher net profit of RM7.2 million for the second quarter ended June 30, 2015 (2Q15) from RM6.2 million a year ago, benefiting from higher export sales and favourable product mix. Revenue for the flexible packaging manufacturer rose 3.1% to RM89.7 million, from RM87 million a […]

August 12, 2015 | By | Reply More
AirAsia to stay put at KKIA Terminal 2

AirAsia to stay put at KKIA Terminal 2

KUALA LUMPUR: AirAsia Bhd is maintaining its decision to continue operations in Kota Kinabalu International Airport’s (KKIA) Terminal 2, despite a directive from the government to relocate to Terminal 1. “Kota Kinabalu tourism is right now, fragile. Moving us to Terminal 1 will create heavy congestion. We’re not going to move because there’s pretty heavy […]

August 12, 2015 | By | Reply More
Hong Leong Bank and parent plan rights issue of up to RM4.1b

Hong Leong Bank and parent plan rights issue of up to RM4.1b

PETALING JAYA: Hong Leong Bank Bhd (HLB) and its parent, Hong Leong Financial Group Bhd (HLFG) will raise up to RM4.1 billion through rights issues, by the fourth quarter of this year. In separate announcements made to Bursa Malaysia yesterday, Hong Leong Bank said it is looking to raise up to RM3 billion for working […]

August 12, 2015 | By | Reply More
Affin: TRX land valuation done with comparison, residual methods

Affin: TRX land valuation done with comparison, residual methods

PETALING JAYA: Affin Holdings Bhd yesterday told Bursa Malaysia the valuation for the Tun Razak Exchange (TRX) land acquired by its wholly-owned subsidiary Affin Bank Bhd was carried out using the comparison and residual method, which looks at, among others, the cost of development and recently transacted properties in the area. “The comparison method of […]

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HLIB expects amicable solution for MAHB, AirAsia

HLIB expects amicable solution for MAHB, AirAsia

PETALING JAYA: HLIB Research expects Malaysia Airports Holdings Bhd (MAHB) and AirAsia Bhd to reach an amicable settlement following the low cost carrier’s letter of demand seeking RM409 million from the airport operator for alleged losses and damages arising from its operations at klia2 and the previous low cost carrier terminal. “Should there be no […]

August 12, 2015 | By | Reply More
Ringgit heads further south against dollar

Ringgit heads further south against dollar

PETALING JAYA: The ringgit, which breached the psychological 4.0 per dollar barrier yesterday, is likely to weaken further with the continued devaluation of the yuan and ongoing domestic and political issues plaguing the country. Political uncertainties, especially controversies around the debt-ridden 1Malaysia Development Malaysia (1MDB) has accelerated the decline of the ringgit, even as other […]

August 12, 2015 | By | Reply More
Barakah get contract from Petronas Carigali

Barakah get contract from Petronas Carigali

PETALING JAYA: Barakah Offshore Petroleum Bhd’s wholly-owned unit, PBJV Group Sdn Bhd (PBJV), has bagged a contract estimated between RM20 million to RM30 million from Petronas Carigali Sdn Bhd. “The contract comprises the supply, refurbishment, and maintenance of cleaning pipeline inspection gauges (pig) and associated services in Sabah and Sarawak,” it told Bursa Mlaysia yesterday. […]

August 12, 2015 | By | Reply More
Acoustech aims for profitable FY15

Acoustech aims for profitable FY15

PORT KLANG: Acoustech Bhd aims to return to the black for the financial year ending Dec 31, 2015 (FY15), from a net loss of RM2 million in FY14, said its director Leong Ngai Seng. “This year, we’re striving to be profitable. We will not hit tens of millions but we hope to hit RM2 million […]

August 12, 2015 | By | Reply More
Ringgit heads further south against dollar

Ringgit heads further south against dollar

PETALING JAYA: The ringgit, which breached the psychological 4.0 per dollar barrier today, is likely to weaken further with the continued devaluation of the yuan and ongoing domestic and political issues plaguing the country. Political uncertainties, especially controversies around the debt-ridden 1Malaysia Development Malaysia (1MDB) has accelerated the decline of the ringgit, even as other […]

August 12, 2015 | By | Reply More
Ringgit breaches 4.0 amid yuan devaluation

Ringgit breaches 4.0 amid yuan devaluation

KUALA LUMPUR: The ringgit closed 1.96% lower, breaching the psychological level of 4.0 against the US dollar today, amid China’s central bank weakening the midpoint for the yuan for a second day. At 5pm, the local note was quoted at 4.0375/0415 against the greenback from 3.9600/9630 yesterday. “Spot yuan eased further today to 6.3870 per […]

August 12, 2015 | By | Reply More