RSSCategory: News

Sunway Bhd with partners buy RM1.59b property in Singapore

Sunway Bhd with partners buy RM1.59b property in Singapore

KUALA LUMPUR: Sunway Bhd, together with Hoi Hup Realty Pte Ltd and SC Wong Pte Ltd, is buying a property in Singapore for S$530 million (RM1.59 billion) to redevelop it into a private residential project.  Sunway said on Thursday that its Singapore-based unit Sunway Developments Pte Ltd had entered into a collective sale and purchase […]

February 15, 2018 | By | Reply More
Bursa M'sia closes half-day trading on higher note

Bursa M'sia closes half-day trading on higher note

KUALA LUMPUR: Bursa Malaysia closed higher in half-day trading on the eve of Chinese New Year festive, supported by continued buying interest in selected heavyweights and low-liners, dealers said. At close, the FTSE Bursa Malaysia KLCI (FBM KLCI) finished at 1,838.28, up 3.35 points or 0.18 per cent, versus Wednesday’s close of 1,834.93. After opening […]

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RHB Insurance launches TC Gap Protector

RHB Insurance launches TC Gap Protector

KUALA LUMPUR: RHB Insurance Bhd and Tan Chong Insurance Business Stream (TCIBS) have launched the TC GAP Protector, a new Guaranteed Asset Protection (Return to Invoice or RTI-GAP) policy. RHB Insurance managing director and chief executive officer Kong Shu Yin said the company recognises the need to empower vehicle owners with more cost effective and […]

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EPF PJ Suffers Massive Damage from Fire

EPF PJ Suffers Massive Damage from Fire

  The Employees Provident Fund (EPF) closed off its Petaling Jaya office temporarily after the building caught on fire on 13 February 2018, a day before Valentine’s Day. The EPF Crisis Response Team worked closely with the Fire and Rescue Department, who made sure that the fire did not spread to the surrounding areas of […]

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Siemens Malaysia appoint new CEO and CFO

Siemens Malaysia appoint new CEO and CFO

KUALA LUMPUR: Siemens Malaysia has appointed Indranil Lahiri as its new president and chief executive officer (CEO), succeeding Datuk Prakash Chandran, who is now the lead country CEO of Siemens Indonesia. The company said Indranil has over 22 years of industry experience including 18 years with Siemens India and Bangladesh. Previously, Indranil was the head […]

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Gas Malaysia's Q4 net profit up 49%

Gas Malaysia's Q4 net profit up 49%

PETALING JAYA: Gas Malaysia Bhd’s net profit rose 49.22% in the fourth quarter ended Dec 31, 2017 to RM76.98 million from RM51.58 million in the same quarter a year ago, in tandem with the increase in volume of gas sold. Revenue rose by 40.10% to RM1.05 million from RM1.47 million in the previous year’s corresponding […]

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Next Green Global swings to a profit in Q2

Next Green Global swings to a profit in Q2

PETALING JAYA: Next Green Global Bhd swung into the black for the second quarter ended Dec 31, 2017, on recovery of debts of RM2.2 million and lower operating costs. The company operates as a printer, offering prepress (including desktop publishing), press and postpress. Next Green made a net profit of RM312,000 for the quarter under […]

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Nestle opens door to L’Oreal stake sale as growth slumps

Nestle opens door to L’Oreal stake sale as growth slumps

CEO Mark Schneider says company won’t increase its 23% investment in the French cosmetics maker and wants to keep all other options open. VEVEY: Nestle SA opened the door to a possible sale of its L’Oreal SA stake in a move that would give CEO Mark Schneider ammunition to sharpen the Swiss giant’s portfolio after […]

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Amazon to add 2,000 jobs in France as recovery drives demand

Amazon to add 2,000 jobs in France as recovery drives demand

The expansion will increase the retailer’s French workforce by more than a third and bring its total number of employees to more than 7,500 by the end of 2018. PARIS: Amazon.com Inc will create 2,000 permanent jobs this year with an eye to the strengthening French economy. Amazon, which already added 1,500 jobs in France […]

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Malaysia will remain a net lender in 2018

Malaysia will remain a net lender in 2018

PETALING JAYA: Public Investment Bank Research (PublicInvest) opines that Malaysia is poised to maintain its position as a net lender in 2018 due to stronger fundamentals in terms of balance of payments. “Malaysia maintained its position as a net lender in 2017 and looks set to repeat this in 2018 looking at current fundamentals,” it […]

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