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DNeX unit gets time extension to challenge MyCC's proposed RM17.4m fine

DNeX unit gets time extension to challenge MyCC's proposed RM17.4m fine

PETALING JAYA: Dagang Nexchange Bhd’s (DNeX) wholly owned subsidiary Dagang Net Technologies Sdn Bhd has obtained an extension of time until Sept 3 to make an oral representation to the Malaysia Competition Commission (MyCC) with regard to a proposed RM17.4 million fine for alleged abuse of dominant power. DNeX is challenging MyCC’s proposed decision. MyCC […]

August 20, 2018 | By | Reply More
Hess' Southeast Asian oil & gas assets draw interest

Hess' Southeast Asian oil & gas assets draw interest

SINGAPORE: The Southeast Asian offshore natural gas assets of US oil and gas producer Hess Corp, estimated to be worth as much as US$5 billion (RM22.05 billion), have attracted takeover interest from firms including Thailand’s PTTEP PCL and Austrian energy group OMV AG, people familiar with the matter said. Hess, which has a collection of […]

August 20, 2018 | By | Reply More
Hong Kong snack chain spurs M&A chatter after founder’s death

Hong Kong snack chain spurs M&A chatter after founder’s death

CEC jumped 91% to close at 89 Hong Kong cents Monday, posting the biggest gain since 1999 when it began trading. CEC shares jump the most on record after its founder passes away. (Bloomberg pic) HONG KONG: CEC International Holdings Ltd., operator of Hong Kong’s popular snack food chain 759, saw its shares surge the […]

August 20, 2018 | By | Reply More
‘Supplementary budget not needed’

‘Supplementary budget not needed’

PUTRAJAYA: The government does not need a supplementary budget for now as the country’s fiscal deficit is under control, says Deputy Finance Minister Datuk Ir Amiruddin Hamzah. He said a well-managed and sustainable fiscal deficit will strengthen Malaysia’s economy and the country will not need to borrow again. “We will not need a supplementary as […]

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AirAsia perks for PUMM members

AirAsia perks for PUMM members

SEPANG: AirAsia has inked a memorandum of understanding (MoU) with Malaysia Entrepreneurs’ Development Association (PUMM) to provide members of the association with more travel flexibility through AirAsia MyCorporate services. MyCorporate is a suite of products exclusively made with the business traveller in mind. It consists of three bundle options, depending on the requirements of the […]

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Stock markets rise on hopes for easing of US-China trade dispute

Stock markets rise on hopes for easing of US-China trade dispute

Top officials from the world’s two biggest economies would hold talks to resolve the trade crisis that has led to tariff wars. Hopes that China and US can resolve their trade row has provided support to markets. (AFP pic) LONDON: European and Asian stock markets mostly rose on Monday and the dollar firmed, with investors […]

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United Plantations Q2 net profit falls

United Plantations Q2 net profit falls

PETALING JAYA: United Plantations Bhd’s net profit declined 22.4% to RM87.2 million in the second quarter ended June 30 from RM112.4 million in the previous corresponding quarter. Revenue for the quarter decreased 12.8% to RM309.9 million compared with RM355.26 million in the same period last year mainly due to lower revenue from the plantations and […]

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Indian ride-hailing firm Ola starts operations in Britain

Indian ride-hailing firm Ola starts operations in Britain

Britain is Ola’s second venture into a foreign market after it started operations in Australia in February.   Ola co-founder Bhavish Aggarwal said the ride-hailing company plans to expand its services across Britain. (AFP pic) LONDON: Indian ride-hailing company Ola began operating in south Wales on Monday ahead of a planned expansion across Britain by […]

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Ringgit ends higher against US dollar

Ringgit ends higher against US dollar

KUALA LUMPUR: The ringgit ended higher against the US dollar today as the effect of the Turkish lira crisis started subsiding while Brent crude oil, which rose to US$72.14 (RM295.86) per barrel, also aided sentiment for the local unit. At 6pm, the local unit appreciated to 4.0990/0200 against the greenback from 4.1050/1080 on Friday. “The […]

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Bursa Malaysia ends higher

Bursa Malaysia ends higher

KUALA LUMPUR: Bursa Malaysia closed higher today on continued buying in selected heavyweights led by Petronas Chemicals, as well as mid and small-cap stocks, in sync with most regional peers, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was firmer at 1,787.58, up 4.11 points or 0.23%, from last Friday’s close […]

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