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A positive sign from the bond market

A positive sign from the bond market

THE stockmarket’s positive mood has managed to survive the tensions over North Korea’s nuclear programme.  In part, this is because investors believe that global economic growth and corporate profits will continue to do well. One reassuring signal is from the corporate bond market. The global default rate on speculative (junk) bonds has been dropping; fewer […]

September 15, 2017 | By | Reply More
Senheng offers discounts via Seamless 4U campaign

Senheng offers discounts via Seamless 4U campaign

KUALA LUMPUR: Senheng Electric (KL) Sdn Bhd, in celebrating its 28th anniversary, launched “Seamless 4U” campaign, offering discount and cash rebates on select electrical household goods. The company, which started “Seamless 4U” on September 1 and will last until November 30 this year, will reward its customers for their support over the years. “It’s Senheng’s […]

September 15, 2017 | By | Reply More
KTM appoints Mohd Rani as new CEO

KTM appoints Mohd Rani as new CEO

KUALA LUMPUR: Government-owned Keretapi Tanah Melayu Bhd (KTM) has appointed Mohd Rani Hisham Samsudin as its new chief executive officer effective today. Mohd Rani is replacing Datuk Sarbini Tijan, whose contract ended on April 30 this year, KTM said in a statement yesterday. His appointment was made through a letter issued by the Ministry of […]

September 15, 2017 | By | Reply More
Much interest in Malaysian products at Nanning's China-Asean Expo with RM405.5 million worth of sales

Much interest in Malaysian products at Nanning's China-Asean Expo with RM405.5 million worth of sales

NANNING: Malaysian entrepreneurs have managed to rack up an impressive RM405.5 million worth of sales at the 14th China-Asean Expo (CAEXPO). The amount is 16 per cent above the initial target of RM350 million. Malaysia External Trade Development Corporation (Matrade) director (China unit) Ong Yew Chee said the unexpected outcome proves that the world’s economy […]

September 15, 2017 | By | Reply More
Ringgit rebounds to end higher versus US dollar

Ringgit rebounds to end higher versus US dollar

KUALA LUMPUR: The ringgit bounced back to close higher against the US dollar on Friday, tracking the performance of emerging currencies, as more factors including US interest rate and geopolitical tensions continue to weigh on the greenback. At 6pm, the local unit was quoted at 4.1880/1910 against the US dollar from 4.2040/2070 on Thursday. Inter-Pacific […]

September 15, 2017 | By | Reply More
Sept 15: Ringgit closes higher against US dollar, Euro

Sept 15: Ringgit closes higher against US dollar, Euro

KUALA LUMPUR: The ringgit rebounded to close higher against the US dollar today as factors including US interest rates and geopolitical tensions continue to weigh on the greenback. At 6pm, the local unit was quoted at 4.1880/1910 against the US dollar, from 4.2040/2070 on Thursday. Inter-Pacific Research Sdn Bhd Head of Research, Pong Teng Siew, […]

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BFood posts higher net profit in Q1

BFood posts higher net profit in Q1

PETALING JAYA: Berjaya Food Bhd (BFood) saw its net profit in the first quarter ended July 31, 2017 grew 6.7% to RM5.3 million from RM5 million a year ago. Revenue during the quarter grew 9.2% to RM154.39 million from RM141.37 million in the same period last year. BFood said in a statement today that the […]

September 15, 2017 | By | Reply More
CEO Ahmad Fuaad to leave Proton on Sept 30 as national carmaker's business plan nears "finalisation".

CEO Ahmad Fuaad to leave Proton on Sept 30 as national carmaker's business plan nears "finalisation".

KUALA LUMPUR: Proton Holdings Bhd chief executive officer Datuk Ahmad Fuaad Kenali will leave the national carmaker on September 30 as parent DRB-HICOM Bhd says it is set to finalise the former’s business plan “very soon”. “DRB-HICOM and Zhejiang Geely Holding Group are working towards completion of this corporate transaction which is expected to materialise […]

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Berjaya Corp to sell entire stake in BGREE for RM50.87m

Berjaya Corp to sell entire stake in BGREE for RM50.87m

PETALING JAYA: Berjaya Corp Bhd (BCorp) is disposing its entire 100% equity interest in Berjaya Green Resources Environmental Engineering (Foshan) Co Ltd (BGREE) to Foshan Water & Environmental Investment Co Ltd for RMB78.50 million (about RM50.87 million). BGREE is involved in wastewater treatment, while Foshan Water & Environmental Investment is engaged in raw water development […]

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Late buying interests give Bursa Malaysia a lift

Late buying interests give Bursa Malaysia a lift

KUALA LUMPUR: Bursa Malaysia rebounded from its earlier losses to end at intra-day high today on late buying interests in selected heavyweights, among them, Genting Malaysia, Sime Darby and CIMB, dealers said. At the close, the key FTSE Bursa Malaysia KLCI (FBM KLCI) jumped 4.96 points to end at 1,786.33 against Thursday’s close of 1,781.37 […]

September 15, 2017 | By | Reply More