RSSCategory: News

Boustead Plantations net profit jumped to RM562 mil in 3Q17

Boustead Plantations net profit jumped to RM562 mil in 3Q17

KUALA LUMPUR: Boustead Plantations Bhd’s net profit jumped to RM562 million for the third quarter ended 30 September, from RM37.36 million a year ago, on the back of land sale gains. The land disposal had realised a gain of RM555 million, Boustead Plantation said in a statement. Group revenue for the quarter fell eight per […]

November 21, 2017 | By | Reply More
Palm oil futures likely to drop further to RM2,580

Palm oil futures likely to drop further to RM2,580

KUALA LUMPUR: Palm oil futures, which have plunged more than RM200 or 10 per cent to RM2,627 per tonne in the last two weeks, is likely to drop further to RM2,580 as traders’ pessimism persist. Last Friday, the Indian Central Board of Excise and Customs raised import duties on crude palm oil to 30 per […]

November 21, 2017 | By | Reply More
Germany's Carl Zeiss Vision lands in Malaysia

Germany's Carl Zeiss Vision lands in Malaysia

KUALA LUMPUR: Carl Zeiss Vision, the German global leader in optics and optoelectronics, targets to open 10 stores in Malaysia within the next five years. Investments could be in the range of between RM800,000 and RM1.5 million per store, depending on the size and location. Malaysia is the second market in the region for the […]

November 21, 2017 | By | Reply More
Nov 21: Ringgit hits 13-month high against US dollar

Nov 21: Ringgit hits 13-month high against US dollar

KUALA LUMPUR: The ringgit continued its uptrend to hit a 13-month high against the US dollar today. The local unit ended at 4.1380/1420 against the greenback, up 100 basis points from 4.1480/1510 recorded on Monday. This level was last seen on Oct 10, 2016. Dealers said the ringgit was buoyed by expectations that Bank Negara […]

November 21, 2017 | By | Reply More
Ringgit hits more than one-year high

Ringgit hits more than one-year high

KUALA LUMPUR: The ringgit continued its uptrend to hit more than a one year high against the US dollar buoyed by expectations that Bank Negara Malaysia would increase the overnight policy rate by 25 basis points following the strong 6.2% economic growth recorded in the third quarter of this year. With sentiment remaining buoyant, the […]

November 21, 2017 | By | Reply More
Organisations are Leaking More Personal and Finance Data

Organisations are Leaking More Personal and Finance Data

925 confidential information leaks has been reported in H1 2017. In January-June 2017, data leaks caused 7.78 billion personal and payment data records being compromised, including social security numbers, bank card details, and other critical data, as compared to 1.06 billion during the same period in 2016 and some 3 billion records compromised for the […]

November 21, 2017 | By | Reply More
FBM KLCI closes higher but broader market weak

FBM KLCI closes higher but broader market weak

KUALA LUMPUR: Bursa Malaysia ended higher today but the broader market remained weak as retail investors’ confidence faded coupled with the stronger ringgit hurting technology counters. At the close, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) gained 2.32 points to 1,720.68 from Monday’s close of 1,718.36. The index opened 0.47 of-a-point stronger at 1,718.83 […]

November 21, 2017 | By | Reply More
Interests of oil palm smallholders not neglected

Interests of oil palm smallholders not neglected

KUALA LUMPUR: The government has not neglected oil palm smallholders and is continuously working to improve crop yields to improve their standard of living. Deputy Plantation Industries and Commodities Minister Datuk Datu Nasrun Datu Mansur told the Dewan Rakyat today that the interest of smallholders will continue to be looked after by the Malaysian Palm […]

November 21, 2017 | By | Reply More
Measures to ease rakyat burden amid higher fuel prices

Measures to ease rakyat burden amid higher fuel prices

KUALA LUMPUR: The government has identified a few measures to reduce the burden of people in the light of spike in fuel prices, said Second Finance Minister Datuk Seri Johari Abdul Ghani. While the government had yet to finalise the measures, he said any measure should be targeted at those who are affected by higher […]

November 21, 2017 | By | Reply More
Malaysia calls EU to accept MSPO cert

Malaysia calls EU to accept MSPO cert

PUTRAJAYA: Malaysia is calling upon 18 European ambassadors lead by the European Union (EU) ambassador Maria Castillo Fernandez to accredit and accept the Malaysian Sustainable Palm Oil (MSPO) certification. “We call upon European ambassadors to consider MSPO, which is also the national standard of Malaysia, to be accredited and accepted in the EU,” said Plantation […]

November 21, 2017 | By | Reply More