RSSCategory: News

Malaysia Airports' Q3 earnings surge over 7 times

Malaysia Airports' Q3 earnings surge over 7 times

PETALING JAYA: Malaysia Airports Holdings Bhd’s (MAHB) net profit for the third quarter ended Sept 30, 2017 jumped more than seven fold to RM79.69 million from RM10.68 million a year ago, thanks to strong revenue growth driven by both airport and non-airport operations. The group’s revenue for the current quarter under review grew 12.7% to […]

November 24, 2017 | By | Reply More
Supermax CEO Stanley Thai jailed 5 years for insider trading

Supermax CEO Stanley Thai jailed 5 years for insider trading

KUALA LUMPUR: The Kuala Lumpur Sessions Court has convicted former CEO of APL Industries Bhd (APLI) Datuk Seri Stanley Thai Kim Sim and former remisier Tiong Kiong Choon for insider trading offences. Thai, who is currently Supermax Corp Bhd CEO, was sentenced to a five-year jail term and a RM5 million fine, while Tiong was […]

November 24, 2017 | By | Reply More
Naim Holdings sues Education Ministry, Sebiro Holdings for RM12.43 million

Naim Holdings sues Education Ministry, Sebiro Holdings for RM12.43 million

PETALING JAYA:Naim Holdings Bhd’s wholly owned subsidiary Naim Engineering Sdn Bhd is suing the Education Ministry and Sebiro Holdings Sdn Bhd for over RM12.43 million in relation to the construction and renovation of boarding schools project in Sarawak. Naim told Bursa Malaysia that the claims are related to the payment for work done including variation […]

November 24, 2017 | By | Reply More
Jirnexu Joins BNM’s FinTech Sandbox

Jirnexu Joins BNM’s FinTech Sandbox

Lucas Ooi, Director of Insurance Jirnexu The Southeast Asian FinTech startup, Jirnexu has been approved by Malaysia’s central bank to compare, sell, process payments and issue e-policies for insurance products. In fact, Jirnexu is the first company in Malaysia permitted to sell selected general and life insurance products from multiple providers and the first to […]

November 24, 2017 | By | Reply More
Damansara Realty gets nod for land acquisition from Johor Corp

Damansara Realty gets nod for land acquisition from Johor Corp

PETALING JAYA: Damansara Realty Bhd’s associate company DAC Properties has been given the nod by the Economic Planning Unit to acquire 53.14 acres of land inTebrau, Johor for RM130.3 million from Johor Corp Bhd, as part of a settlement agreement between the two parties. The group said in a Bursa Malaysia filing that the aggregate […]

November 24, 2017 | By | Reply More
Amazing Black Friday Deals with Expedia This Weekend!

Amazing Black Friday Deals with Expedia This Weekend!

Most people like to celebrate the new year a bit closer to home, but some still prefer to travel somewhere special to catch the fireworks or maybe spend some quality time with loved ones. Based on the 2016 flight demand data and 2017 destination search data, Expedia is able to predict where most people will […]

November 24, 2017 | By | Reply More
Eco World International acquires prime site in Sydney to develop A$139m project

Eco World International acquires prime site in Sydney to develop A$139m project

PETALING JAYA: Eco World International Bhd (EWI) has entered into a call and put option agreement with the owners of 25 apartment units located at Macquarie Park, Sydney to acquire these units by way of a collective sale. In a statement today, the developer said it plans to develop an A$139 million (RM435 million) gross […]

November 24, 2017 | By | Reply More
Top Glove to acquire surgical gloves manufacturer

Top Glove to acquire surgical gloves manufacturer

PETALING JAYA: Top Glove Corp Bhd proposes to acquire Aspion Sdn Bhd, which will see it becoming the world’s largest surgical gloves manufacturer. The group told Bursa Malaysia that it had entered into a term sheet agreement with Adventa Capital Pte Ltd in relation to the acquisition. Both parties will negotiate exclusively with one another […]

November 24, 2017 | By | Reply More
Top Glove buys Aspion Group to become world's largest surgical glove producer

Top Glove buys Aspion Group to become world's largest surgical glove producer

KUALA LUMPUR: Top Glove Corporation Bhd is set to reinforce its market leadership as the world’s largest medical glove producer after it announced plans to buy surgical glovemaker Aspion Sdn Bhd. In a filing to Bursa Malaysia today, the company said it had entered into a term sheet with Adventa Capital Pte Ltd (ACPL) to […]

November 24, 2017 | By | Reply More
AIA Vitality Awards Name 7 Healthiest Workplace in Malaysia

AIA Vitality Awards Name 7 Healthiest Workplace in Malaysia

Based on the inaugural Malaysia’s Healthiest Workplace survey, seven companies were named as the first ever Malaysia’s Healthiest Workplace award winners by AIA Bhd. The seven companies that were recognised for their efforts in promoting a healthier working environment include: SAP Malaysia Sdn Bhd International Medical University Top Glove Sdn Bhd Datacom Systems (Asia) Sdn […]

November 24, 2017 | By | Reply More