RSSCategory: News

MARC affirms ratings on CIMB Group's RM10bil debt note

MARC affirms ratings on CIMB Group's RM10bil debt note

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed its long-term and short-term corporate credit ratings of AA+/MARC-1 on CIMB Group Holdings Bhd and accordingly affirmed its issue rating of AA on the group’s RM10 billion Basel III-compliant Tier 2 Subordinated Debt Programme. In a statement today, MARC said the outlook on the ratings is […]

November 21, 2017 | By | Reply More
Oil prices steady as rising US output undermines OPEC cuts

Oil prices steady as rising US output undermines OPEC cuts

SINGAPORE:Oil prices were little changed on Tuesday as the impact from expectations of an extended OPEC-led production cut was canceled out by rising output in the United States. Brent crude futures LCOc1, the international benchmark for oil prices, were at US$62.20 per barrel at 0301 GMT, 8 cents above their last close. US West Texas […]

November 21, 2017 | By | Reply More
Construction of Track 4A project to begin within 6-12 months

Construction of Track 4A project to begin within 6-12 months

KUALA LUMPUR: The construction work of the long-delayed power plant project Track 4A in Pasir Gudang, Johor, is expected to begin within six months to a year, said Energy Commission (EC) chairman Datuk Abdul Razak Abdul Majid.  The project, estimated to cost about RM4.7 billion, is now expected to achieve scheduled commercial operation on July […]

November 21, 2017 | By | Reply More
SoftBank funding may spur Uber to re-think tough Southeast Asian market

SoftBank funding may spur Uber to re-think tough Southeast Asian market

SINGAPORE: SoftBank Group’s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say. Uber Technologies Inc said on Nov. 12 that a planned deal with a consortium led by SoftBank […]

November 21, 2017 | By | Reply More
UEM Sunrise shares up on improved Q3 earnings

UEM Sunrise shares up on improved Q3 earnings

PETALING JAYA: UEM Sunrise Bhd’s shares rose 0.94% this morning on news of its net profit doubling in the third quarter ended Sept 30, 2017. At 10.58am, its share price rose 0.94% or 1 sen to RM1.07 with a total of 3.34 million shares traded. The stock gained 1 sen or 0.96% to close at […]

November 21, 2017 | By | Reply More
Mieco Chipboard's shares fall despite three-fold jump in Q3 earnings

Mieco Chipboard's shares fall despite three-fold jump in Q3 earnings

PETALING JAYA: Mieco Chipboard Bhd’s shares fell 0.85% this morning despite announcing a three-fold jump in its third quarter earnings. At 10.41am, its share price fell 0.85% or 1 sen to RM1.17 with a total of 1871800 shares traded. The stock rose 2.61% or 3 sen to close at RM1.18 yesterday with a total of […]

November 21, 2017 | By | Reply More
Making Malaysia a Second Home

Making Malaysia a Second Home

Henley & Partners facilitates global citizens who are looking to make Malaysia their home-away-from-home There is a growing trend towards individuals wanting to live a more mobile and less restrictive life, one where they can take advantage of opportunities internationally as well as make a contribution on a global level. In an unsettled, ever-changing world, […]

November 21, 2017 | By | Reply More
Nov 21: Ringgit takes breather, opens marginally lower against US dollar

Nov 21: Ringgit takes breather, opens marginally lower against US dollar

KUALA LUMPUR: The ringgit opened marginally lower against the US dollar this morning as demand for the greenback was enhanced with the anticipated increase in US interest rates next month. At 9am, the local unit was traded at 4.1490/1520 against the greenback, from Monday’s close of 4.1480/1510. Meanwhile, the ringgit was traded higher against a […]

November 21, 2017 | By | Reply More
UEM Sunrise on path to RM1.2bil sales target

UEM Sunrise on path to RM1.2bil sales target

KUALA LUMPUR: UEM Sunrise Bhd is on track to meet its target sale of RM1.2 billion in the financial year 2017 after registering property bookings of RM851.2 million to date, said PublicInvest Research. “We believe that the group’s sales should pick up speed in the final quarter, hence remaining on track to meet its sales […]

November 21, 2017 | By | Reply More
Nov 21: Bursa Malaysia opens higher

Nov 21: Bursa Malaysia opens higher

KUALA LUMPUR: Share prices on Bursa Malaysia rebounded to open higher, after yesterday’s losses, on renewed buying interest, dealers said. At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.59 points firmer at 1,719.95 from Monday’s close of 1,718.36. The index opened 0.47 of-a-point stronger at 1,718.83. One dealer said the uptrend […]

November 21, 2017 | By | Reply More