RSSCategory: News

Press Metal buys Australian raw material supplier for RM738m

Press Metal buys Australian raw material supplier for RM738m

PETALING JAYA: Press Metal Aluminium Holdings Bhd’s 80%-owned subsidiary Press Metal Bintulu Sdn Bhd (PMBintulu) is acquiring a 50% stake in Japan Alumina Associates (Australia) Pty Ltd (JAA) for A$250 million (RM738.98 million). Press Metal told Bursa Malaysia that PMBintulu had on Oct 17 entered into an asset sale agreement with ITOCHU Minerals & Energy […]

October 17, 2018 | By | Reply More
LKL hopeful of enhanced healthcare initiatives in Budget 2019

LKL hopeful of enhanced healthcare initiatives in Budget 2019

PETALING JAYA: Medical/healthcare beds, peripherals and accessories provider LKL International Bhd is hopeful that the upcoming Budget 2019 will include significant initiatives to enhance healthcare services in Malaysia. Managing director Lim Kon Lian said in a statement that there is a significant gap to close in Malaysia’s hospital bed-to-population ratio to ensure that Malaysians have […]

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WCT, Aeon settle Bukit Tinggi Mall dispute out of court

WCT, Aeon settle Bukit Tinggi Mall dispute out of court

PETALING JAYA: WCT Holdings Bhd and Aeon Co (M) Bhd have reached an amicable out-of-court settlement after an almost one year journey through the courts over Aeon Co’s lease of Aeon Mall Bukit Tinggi. In a filing with Bursa Malaysia, WCT said its indirect wholly owned subsidiary Gemilang Waras Sdn Bhd and Aeon Co agreed […]

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OCR to raise RM8.9m via private placement

OCR to raise RM8.9m via private placement

PETALING JAYA: OCR Group Bhd proposes to undertake a private placement to raise RM8.92 million to partly finance the construction works of its commercial building project in Bandar Sunway, Petaling Jaya. The group’s estimated funding requirement for the construction works for the project is RM81.94 million. It told Bursa Malaysia that the exercise will involve […]

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Ringgit ends firmer against US dollar ahead of 11MP review

Ringgit ends firmer against US dollar ahead of 11MP review

Malaysian ringgit notes against US dollar background KUALA LUMPUR: The ringgit extended yesterday’s gains to close firmer today, tracking the local stock market which continued to rally ahead of the mid-term review of the 11th Malaysia Plan (11MP) to be tabled in Parliament tomorrow. At 6pm, the local unit improved to 4.1490/1530 against the greenback […]

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KL shares end higher in sync with regional stocks

KL shares end higher in sync with regional stocks

Bursa Malaysia (Bernama pic) KUALA LUMPUR: Bursa Malaysia closed higher today, tracking gains on the regional markets ahead of the mid-term review of the 11th Malaysia Plan (11MP), which will be tabled in Parliament tomorrow. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) increased 3.75 points to 1,740.59 against Tuesday’s close of 1,736.84. The index […]

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Ringgit ends firmer against US dollar ahead OF 11MP review

Ringgit ends firmer against US dollar ahead OF 11MP review

KUALA LUMPUR: The ringgit extended yesterday’s gains to close firmer today, tracking the local stock market which continued to rally ahead of the mid-term review of the 11th Malaysia Plan (11MP) to be tabled in Parliament tomorrow. At 6 pm, the local unit improved to 4.1490/1530 against the greenback from 4.1515/1555 on Tuesday. A dealer […]

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Exchange rates sour Danone’s sales, but not target

Exchange rates sour Danone’s sales, but not target

Exchange rate effects didn’t smile on Danone in the third quarter (AFP pic) PARIS: Danone said Wednesday its sales slid 4.4% in the third quarter due to the plunge in the value of emerging market currencies, although the French food giant confirmed its annual target of double-digit earnings growth. The sales figure of 6.2 billion […]

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Asian markets stage rally after strong Wall St lead

Asian markets stage rally after strong Wall St lead

Asian traders are taking their lead from a strong performance on Wall Street that came after healthy earnings reports. (AFP pic) HONG KONG: Asian markets staged a much-needed rally Wednesday as investors tracked Wall Street’s best performance in more than six months thanks to a healthy round of earnings reports. Bargain-buyers took advantage of the […]

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Australia says trade agreement with Indonesia on track despite Israel comments

Australia says trade agreement with Indonesia on track despite Israel comments

Australia’s prime minister, Scott Morrison, is reported to be considering moving Australia’s Israel embassy to Jerusalem. (AFP pic) SYDNEY: Australian Prime Minister Scott Morrison said on Wednesday a billion-dollar free trade agreement with Indonesia will be signed this year, despite Indonesian concern over an Australian proposal to recognise Jerusalem as the Israeli capital. Morrison said […]

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