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Cement – built-up capacity will offset demand pick-up

Cement – built-up capacity will offset demand pick-up

PETALING JAYA: Demand from infrastructure projects that will drive cement usage growth is expected to kick in next year, but the pick-up in demand will eventually be offset by capacity built since last year. Cement manufacturer Lafarge Malaysia Bhd, whose net profit fell 71% in the second quarter ended June 30, 2016 (Q2), expects demand […]

September 5, 2016 | By | Reply More
Tekala’s RTO revised downwards to RM511.28m

Tekala’s RTO revised downwards to RM511.28m

PETALING JAYA: The price tag for the proposed acquisition of five firms from Syarikat Kretam (Far East) Holdings Sdn Bhd (SKHSB) by WMG Holdings Sdn Bhd, which will lead to the reverse takeover of Tekala Corp Bhd, has been revised downwards to RM511.28 million from RM513 million. In a filing with the stock exchange, Tekala […]

September 5, 2016 | By | Reply More
Bursa Malaysia launches world's first end-to-end Islamic investing platform

Bursa Malaysia launches world's first end-to-end Islamic investing platform

KUALA LUMPUR: Bursa Malaysia-i, the world’s first end-to-end integrated Islamic securities exchange platform launched yesterday, is expected to elevate the visibility of the marketplace and Islamic Participating Organisations (POs) across the region and globally. Bursa Malaysia-i offers investors the choice to invest in and trade syariah-compliant products via a syariah-compliant platform. It incorporates the full […]

September 5, 2016 | By | Reply More
KL shares close higher

KL shares close higher

KUALA LUMPUR: Bursa Malaysia ended higher today on improved investor sentiment and following the release of weaker US jobs data, which will likely cause US policy makers to postpone any interest rate hike. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) finished 6.29 points higher at 1,678.08 from last Friday's close of 1,671.79. […]

September 5, 2016 | By | Reply More
Bursa Malaysia launches world's first end-to-end shariah compliant trading system

Bursa Malaysia launches world's first end-to-end shariah compliant trading system

KUALA LUMPUR: Bursa Malaysia Bhd has launched the world's first end-to-end integrated Islamic securities exchange platform that offers investors the choice to invest and trade Shariah-compliant products via a Shariah-compliant platform, Bursa Malaysia-i. The new platform incorporates the full range of exchange related services including listing, trading, clearing, settlement and depository services. Bursa Malaysia chairman […]

September 5, 2016 | By | Reply More
Eversendai bags RM1.53b contracts

Eversendai bags RM1.53b contracts

KUALA LUMPUR: Specialist structural steel contractor Eversendai Corp Bhd has bagged RM1.53 billion worth of contracts in the Middle East, India, Thailand, as well as local projects, in the past eight months. “There are few more projects in the pipeline. We are confident that it (the group's orderbook) will surpassed beyond RM2 billion by end […]

September 5, 2016 | By | Reply More
Starbucks scores again

Starbucks scores again

IT IS the second consecutive year for Starbucks Malaysia to win the Aon Best Employers Award. This year, the coffee company was also recognised and honoured with a second award for Best Employer in Commitment to High Performance Culture. Aon Hewitt Malaysia, in partnership with TalentCorp, co-hosted this year’s Best Employers in Malaysia 2016 awards […]

September 5, 2016 | By | Reply More
Ringgit opens higher against US dollar

Ringgit opens higher against US dollar

KUALA LUMPUR: The ringgit opened higher today, supported by stronger demand for the local note. At 9am, the ringgit was quoted at 4.0770/0820 against the greenback from 4.0830/0900 last Friday. The strengthening of the ringgit against the greenback was partly due to the release of US jobs data last week, which signalled that any hike […]

September 5, 2016 | By | Reply More
Bursa Malaysia higher in early session

Bursa Malaysia higher in early session

KUALA LUMPUR: Bursa Malaysia was higher in the early session this morning as buying sentiment improved after weaker-than-expected US jobs data diminished concerns about a possible interest rate hike by the Federal Reserve. At 9.16am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.77 points better at 1,673.56 against Friday's close of 1,671.79. It […]

September 5, 2016 | By | Reply More
Bursa Malaysia plans market for SMEs, seeks public feedback

Bursa Malaysia plans market for SMEs, seeks public feedback

PETALING JAYA: Bursa Malaysia Bhd has published a consultation paper seeking public feedback on the proposal to establish a market on the exchange to provide small and medium companies (SMEs) greater access to the capital market. In a statement last Friday, Bursa Malaysia CEO Datuk Seri Tajuddin Atan said SMEs are a core contributor to […]

September 4, 2016 | By | Reply More