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Asian markets dip as investors look for clues

Asian markets dip as investors look for clues

HONG KONG: Asian markets largely dipped Tuesday as holiday closures saw muted activity in Europe at the start of the week, with investors searching for trading leads. Tokyo fell 1.2% after three days of gains as a solid yen failed to soothe exporters’ concerns, with the currency trading at its highest level since late 2016. […]

February 20, 2018 | By | Reply More
Ranhill share price slightly up on expansion of wastewater plant

Ranhill share price slightly up on expansion of wastewater plant

PETALING JAYA: Ranhill Holdings Bhd’s share price rose marginally this morning after its indirectly owned unit AnuRAK Water Treatment Facilities Co Ltd’s proposal for the expansion of the Amata wastewater treatment plant’s capacity from 10 million litres per day (MLD) to 15MLD received the green light from Thailand’s Amata Water Co Ltd. As at 11.04am, […]

February 20, 2018 | By | Reply More
Zelan share price tumbles on higher losses in Q4

Zelan share price tumbles on higher losses in Q4

PETALING JAYA: Zelan Bhd’s share price hit a low of 11 sen this morning after its losses widened in the fourth quarter ended Dec 31, 2017 to RM59.10 million from a net loss of RM37.70 million a year ago, mainly attributable to RM43.4 million losses from the Meena Plaza project and higher unrealised foreign exchange […]

February 20, 2018 | By | Reply More
Jaks share price down on dispute with Star Media Group

Jaks share price down on dispute with Star Media Group

PETALING JAYA: Jaks Resources Bhd’s (JRB) share price fell 2.72% this morning after its sub-subsidiary Jaks Island Circle Sdn Bhd (JIC) instructed solicitors to file with the High Court an injunction to stop Star Media Group from claiming a bank guarantee of RM50 million provided for under a joint development project in Seksyen 13, Petaling […]

February 20, 2018 | By | Reply More
MCT share price unmoved by end of Regent Wise MGO

MCT share price unmoved by end of Regent Wise MGO

PETALING JAYA: MCT Bhd’s share price was unmoved by the closing of the offer by Ayala Inc Bhd’s unit Regent Wise Investments Ltd. Yesterday marked the end of the acceptance period for the mandatory general offer of 88 sen a share for the remaining interestRegent Wise does not own in MCT. Regent Wise and Ayala […]

February 20, 2018 | By | Reply More
Maxis' Aircel to file for bankruptcy in India

Maxis' Aircel to file for bankruptcy in India

KUALA LUMPUR: Maxis Bhd’s 74 per cent-owned Aircel Ltd is filing for bankruptcy at the National Company Law Tribunal (NCLT), India’s Economic Times quoted sources as saying. Maxis, run by businessman Ananda Krishnan, had earlier proposed a cash infusion to support the debt-laden company but has pulled the plug, the report said. The company has […]

February 20, 2018 | By | Reply More
Bonjour, France!

Bonjour, France!

As the quality of education in France is known to be very high, a not-to-be missed opportunity for students in Malaysia was brought to light. The ambassador of France to Malaysia, Frederic Laplanche (pix) , said at a recent event, that going to France to study provides for a different education experience altogether. “It is […]

February 20, 2018 | By | Reply More
Ringgit opens lower against greenback

Ringgit opens lower against greenback

KUALA LUMPUR: The ringgit opened lower against the US dollar today amid a quiet trading session after the long festive holiday. At 9.00 am, the ringgit stood at 3.8900/8930 against the greenback from Monday’s close of 3.8890/8920. OANDA Corp Head of Trading for Asia Pacific, Stephen Innes said the broader US dollar sentiment will dictate […]

February 20, 2018 | By | Reply More
Bursa M'sia opens mixed

Bursa M'sia opens mixed

KUALA LUMPUR: Bursa Malaysia opened mixed today in tracking the lacklustre performance of Asian peers on lack of catalysts, and following the closure of bourses in China and the United States for holidays, dealers said. At 9.05 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 0.10 of a point lower at 1,857.20, after […]

February 20, 2018 | By | Reply More
Ringgit opens lower against greenback

Ringgit opens lower against greenback

KUALA LUMPUR: The ringgit opened lower against the US dollar today amid a quiet trading session after the long festive holiday. At 9.00 am, the ringgit stood at 3.8900/8930 against the greenback from Monday’s close of 3.8890/8920. OANDA Corp Head of Trading for Asia Pacific, Stephen Innes said the broader US dollar sentiment will dictate […]

February 20, 2018 | By | Reply More