Recent Articles

BToto’s Q4 revenue at RM1.4 billion, 4 sen dividend declared

BToto’s Q4 revenue at RM1.4 billion, 4 sen dividend declared

PETALING JAYA: Berjaya Sports Toto Bhd’s (BToto) revenue slipped to RM1.4 billion for the fourth quarter (Q4) ended April 30 against RM1.48 billion in the previous corresponding period, due to lower revenue reported by H.R. Owen Plc and Philippine Gaming Corporation Management. However, it was mitigated by higher contribution from principal subsidiary Sports Toto Malaysia […]

June 18, 2018 | By | Reply More
Foreign investors extend selling streak to 28 days

Foreign investors extend selling streak to 28 days

PETALING JAYA: Foreign investors sold RM1.21 billion net last week, breaching the RM1 billion level and extending the selling streak to 28 days, just one day shy of the 29-day selling spree in early January to mid-February 2014. “Ahead of the Aidilfitri break, foreign investors sold stocks listed on Bursa at a stronger pace. This […]

June 18, 2018 | By | Reply More
Y&G Corp aborts land buy in Johor

Y&G Corp aborts land buy in Johor

PETALING JAYA: Y&G Corp Bhd has terminated the acquisition of two pieces of land measuring 23.39ha in Pontian, Johor for RM30.96 million. The property developer said in a filing with the stock exchange that its wholly owned indirect subsidiary Melia Aktif Sdn Bhd (MASB) decided not to proceed further with the sale and purchase agreement […]

June 18, 2018 | By | Reply More
FMM: Maintain electricity tariff, let Socso handle EIS funds

FMM: Maintain electricity tariff, let Socso handle EIS funds

PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) is urging the government to maintain electricity tariffs until Dec 31, 2020 and accord the Social Security Organisation (Socso) with the responsibility of managing funds collected under the Employment Insurance System (EIS), which is now under review. Last week, Gas Malaysia Bhd announced that the average effective […]

June 18, 2018 | By | Reply More
Takeover offer for GSB fair and reasonable: Adviser

Takeover offer for GSB fair and reasonable: Adviser

PETALING JAYA: Independent adviser Inter-Pacific Securities Sdn Bhd views Javawana Sdn Bhd takeover offer for GSB Bhd as fair and reasonable, and advised shareholders to accept the offer. In its independent advice circular, Inter-Pacific said the offer price of 13 sen per share is fair as it represents a premium of one sen or about […]

June 18, 2018 | By | Reply More
Affin Hwang AM launches private equity arm

Affin Hwang AM launches private equity arm

PETALING JAYA: Affin Hwang Asset Management Berhad (Affin Hwang AM) has launched its private equity business, Bintang Capital Partners Berhad, a venture which first kicked off with the purchase of Bitsmedia Pte Ltd, the company behind the world’s leading Muslim lifestyle app, Muslim Pro, in June 2017. “The launch of Bintang marks the culmination of […]

June 18, 2018 | By | Reply More
Cahya Mata Sarawak’s road maintenance contract extended

Cahya Mata Sarawak’s road maintenance contract extended

PETALING JAYA: Cahya Mata Sarawak Bhd’s (CMS) contract for the maintenance of state roads in Sarawak has been extended by the state government for another year, till June 30, 2019. In a filing with Bursa Malaysia earlier, CMS said CMS Roads Sdn Bhd, a wholly owned subsidiary of CMS Works Sdn Bhd, which in turn […]

June 18, 2018 | By | Reply More
Ringgit closes lower against US dollar

Ringgit closes lower against US dollar

KUALA LUMPUR: The ringgit reversed its upward momentum on Thursday last week to close lower against the US dollar today, in tandem with other emerging Asian currencies as the greenback firmed to a seven-month high, dealers said. At 6pm, the ringgit was quoted at 3.9960/9990 against the greenback from last Thursday’s close of 3.9835/9875. FXTM […]

June 18, 2018 | By | Reply More
Bursa Malaysia ends at over 2-week low (Updated)

Bursa Malaysia ends at over 2-week low (Updated)

KUALA LUMPUR: Bursa Malaysia extended last week’s losses to close at its lowest level since May 31, 2018, mainly hurt by gloomy market sentiment amid weaker crude oil prices, dealers said. A dealer said the bearish performance on the local bourse, which was in sync with regional markets, was weighed down by fears of a […]

June 18, 2018 | By | Reply More
Liberty refused to pay ransom after computer systems hacked

Liberty refused to pay ransom after computer systems hacked

Liberty Holdings Ltd. said it refused a ransom demand after hackers breached its information-technology infrastructure and accessed some emails. The stock fell the most in a month. Light trails from network switches illuminate fibre optic cables, centre, and copper Ethernet cables inside a communications room at an office in London, UK. (Bloomberg pic) JOHANNESBURG: Liberty […]

June 18, 2018 | By | Reply More