Recent Articles

Siemens Malaysia Partners TNB for a Focused-Centric Digitalisation Workshop

Siemens Malaysia Partners TNB for a Focused-Centric Digitalisation Workshop

A workshop for some 100 participants comprising employees of Tenaga Nasional Berhad (TNB) profiled how the advent of new technologies is increasingly crucial to promote resilient infrastructure and efficient power plants. A joint effort between TNB and Siemens Malaysia, the workshop also addresses solutions for Malaysia’s largest electricity utility company. Siemens Malaysia President and CEO […]

May 24, 2018 | By | Reply More
Bursa Malaysia opens higher, but retreats thereafter

Bursa Malaysia opens higher, but retreats thereafter

KUALA LUMPUR: Bursa Malaysia opened higher, but retreated thereafter on continued selling in selected heavyweights, and amid mixed sentiment among regional peers, dealers said. At 9.34am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 29.24 points lower at 1,775.01 from Wednesday’s close of 1,804.25. The index opened 4.07 points higher at 1,808.32. On the […]

May 24, 2018 | By | Reply More
Ringgit unchanged against greenback

Ringgit unchanged against greenback

KUALA LUMPUR: The ringgit was unchanged against the US dollar in the absence of fresh direction and on subdued demand for the local note, amid the firmer greenback, dealers said. At 9.03am, the local unit was pegged at yesterday’s close of 3.9800/9850. Oanda Head of Trading in Asia-Pacific Stephen Innes said the ringgit remained mired […]

May 24, 2018 | By | Reply More
Gazprom is enjoying a sales boom in Europe

Gazprom is enjoying a sales boom in Europe

FEW firms have more power to heat up the cauldron of global geopolitics than Gazprom, the state-backed Russian energy producer. It supplies more than a third of the natural gas that Europeans use for power generation, heating and cooking, creating what many—especially Americans—see as an unhealthy dependence (see chart). It has used its strength to […]

May 23, 2018 | By | Reply More
GST removal seen as boon for property market

GST removal seen as boon for property market

PETALING JAYA: The removal of the Goods and Services Tax (GST) will boost sentiments in the property sector, particularly the commercial sub-sector.Sunway University Business School professor of economics Dr Yeah Kim Leng said there will be some downward pressure in terms of pricing and consumers will benefit from this. “Now is a good time to […]

May 23, 2018 | By | Reply More
Local stocks skid on debt risk, fresh US-China trade tensions

Local stocks skid on debt risk, fresh US-China trade tensions

PETALING JAYA: Malaysian stocks skidded 2.21% today – the steepest decline among markets in the Asian region – on renewed trade tensions between the US and China as well as concern over rising public debt in the country. The FBM KLCI tumbled 40.78 points or 2.21% to close at its intraday low of 1,804.25 points […]

May 23, 2018 | By | Reply More
No go for BTM Resources' Malacca waste-to-energy power plant project

No go for BTM Resources' Malacca waste-to-energy power plant project

PETALING JAYA: BTM Resources Bhd’s plan to develop a municipal solid waste-to-energy generation plant in Malacca has come to a halt after the Department of National Solid Waste Management said it is not able to consider the application of setting up a such a plant there. Last year, BTM’s subsidiary BTM Western Power Green Energy […]

May 23, 2018 | By | Reply More
Shareholders of India's Fortis Healthcare vote out fourth director

Shareholders of India's Fortis Healthcare vote out fourth director

BENGALURU/MUMBAI: Shareholders in India’s cash-strapped Fortis Healthcare Ltd have voted out a fourth director, the hospital operator said today, amid displeasure over the board’s handling of offers of investment. Fortis has received five offers from local and international suitors wanting to invest in the firm or buy it. Though in need of funds, the company […]

May 23, 2018 | By | Reply More
Luster: US$2.8m shortfall in Opal Deluxe profit guarantee

Luster: US$2.8m shortfall in Opal Deluxe profit guarantee

PETALING JAYA: Luster Industries Bhd has reported a shortfall of US$2.82 million (about RM12.07 million) in the profit guarantee provided by Opal Deluxe Limited for the financial year ended Dec 31, 2017. In a filing with Bursa Malaysia today, Luster said it has proposed to amicably settle the issue by entering into a proposed supplemental […]

May 23, 2018 | By | Reply More
Auditor raises doubt over Perak Corp's ability to continue as going concern

Auditor raises doubt over Perak Corp's ability to continue as going concern

PETALING JAYA: Perak Corp Bhd’s independent auditor Messrs Ernst & Young has raised concern over the company’s ability continue as a going concern due to its losses and liabilities. Perak Corp incurred a net loss of RM340.6 million for the year ended Dec 31, 2017, with its current liabilities exceeding current assets by RM158.5 million. […]

May 23, 2018 | By | Reply More