Recent Articles

Mudajaya: RM119m job to build office tower terminated

Mudajaya: RM119m job to build office tower terminated

PETALING JAYA: Mudajaya Group Bhd said today its wholly owned subsidiary Mudajaya Corp Bhd’s RM119 million contract to build a16-storey office complex in Shah Alam, Selangor, from KLIAA-KLIACS Consortium (KLIA Consortium), known as Hevea Tower, has been terminated. Mudajaya Corp received the notice on the termination, which took effect on Monday, from KLIA Consortium on […]

August 15, 2018 | By | Reply More
Long-acting injection a shot in the arm for GSK’s HIV business

Long-acting injection a shot in the arm for GSK’s HIV business

GSK is betting that a shift to using two drugs rather than three will boost its sales by offering patients a therapy with greater convenience and fewer toxic side effects. The GlaxoSmithKline (GSK) logo. (Reuters pic) LONDON: A long-acting injection developed by GlaxoSmithKline and given once a month has proved as effective as standard daily […]

August 15, 2018 | By | Reply More
Missing Goldman mandate adds to clues Musk tweeted too soon

Missing Goldman mandate adds to clues Musk tweeted too soon

Goldman Sachs Group Inc. hadn’t been formally tapped as a financial adviser when Musk revealed he may take the electric-car maker private and said he’d secured the funding to do so. Elon Musk, chairman and chief executive officer of Tesla Motors Inc. (Bloomberg pic) NEW YORK: A week after Elon Musk shocked the markets by […]

August 15, 2018 | By | Reply More
Corona owner pumps US$4 billion more into weed producer Canopy

Corona owner pumps US$4 billion more into weed producer Canopy

Constellation’s latest announcement is by far the biggest investment in the marijuana industry. Inside the Canopy Growth Corp. Facility as pot growers eye global expansion. (Bloomberg pic) BENGALURU: Corona beer maker Constellation Brands will invest a further US$4 billion in Canada’s top cannabis producer Canopy Growth, doubling down on one of a growing number of […]

August 15, 2018 | By | Reply More
Miti to review anti-dumping duty on hot rolled coil imports

Miti to review anti-dumping duty on hot rolled coil imports

PETALING JAYA: The Ministry of International Trade and Industry (Miti) will initiate an administrative review on anti-dumping duty on imports of hot rolled coils, chequered coils, and pickled and oiled coils from China and Indonesia – following a petition from an interested party for the removal of duties. The ministry’s director of the trade practices […]

August 15, 2018 | By | Reply More
China-linked cyberattacks not ruled out as M’sia reviews deals

China-linked cyberattacks not ruled out as M’sia reviews deals

KUALA LUMPUR: Chinese state-sponsored hackers may be targeting companies and state agencies in Malaysia as it looks to review several major projects linked to China’s Belt and Road Initiative, cyber security firm FireEye Inc said today. Malaysian Prime Minister Tun Dr Mahathir Mohamad, who took power after an election win in May, will be in […]

August 15, 2018 | By | Reply More
CIMB Niaga first-half earnings 28% higher year on year

CIMB Niaga first-half earnings 28% higher year on year

PETALING JAYA: PT Bank CIMB Niaga Tbk (CIMB Niaga) posted a net profit of 1.8 trillion rupiah (RM504.3 million) in the first half of 2018 (1H18), representing a 28.1% year-on-year (y-o-y) growth, which translates into an earnings per share of 70.54 rupiah. The improved net profit came on the back of a 32.6% increase in […]

August 15, 2018 | By | Reply More
Top Glove makes fresh bid to freeze Adventa’s assets

Top Glove makes fresh bid to freeze Adventa’s assets

PETALING JAYA: Top Glove Corp Bhd has filed a fresh Mareva application to freeze the assets of Adventa Capital, after its previous application was dismissed by the Kuala Lumpur High Court. In a filing with Bursa Malaysia today, the group said it had, on Monday, filed a fresh Mareva application in the writ action to […]

August 15, 2018 | By | Reply More
Foundpac most active counter after profit fall

Foundpac most active counter after profit fall

PETALING JAYA: Foundpac Group Bhd emerged as the most active counter today with 72.77million shares changing hands after its net profit for the fourth quarter ended June 30 fell 41% to RM1.65 million from RM2.81 million reported a year ago on higher staff expenses. The counter was the most active at market close on Wednesday […]

August 15, 2018 | By | Reply More
In Musk-SEC faceoff, investors should brace for long tussle

In Musk-SEC faceoff, investors should brace for long tussle

At the center of the Tesla controversy is what Musk meant when he tweeted that he had secured funding for a buyout without providing any specifics to back up the claim. The headquarters building of the US Securities and Exchange Commission (SEC) stands in Washington, D.C., US. (Bloomberg pic) NEW YORK: As the bizarre Tesla […]

August 15, 2018 | By | Reply More