Recent Articles

BAE Systems to continue partnership with CSM

BAE Systems to continue partnership with CSM

KUALA LUMPUR: British defence, security, and aerospace company BAE Systems will continue its partnership with CyberSecurity Malaysia (CSM) by signing a memorandum of understanding (MoU) at the upcoming Defence Services Asia 2018 (DSA). “As we enter into a period of global uncertainty and with the prevalence of international cybercrime, DSA 2018 presents a great opportunity […]

April 16, 2018 | By | Reply More
Etiqa expected to be lifted by higher interest rate environment

Etiqa expected to be lifted by higher interest rate environment

KUALA LUMPUR: Malayan Banking Bhd (Maybank) expects its insurance and takaful arm Etiqa Group Insurance & Takaful (Etiqa) to attract more investors as interest rates in the country hikes up. “Insurance portfolio become attractive as interest rates increases. Insurance and takaful are usually a long term business and an increasing rate environment is going to […]

April 16, 2018 | By | Reply More
Eversendai eyes US$200m job

Eversendai eyes US$200m job

ABU DHABI: Eversendai Corp Bhd’s wholly-owned unit, Eversendai Offshore RMC FZE, aiming to secure a contract worth about US$200 million to build up to two vessels for a major European oil and gas (O&G) firm. It is believed that Eversendai Offshore is also working towards securing contracts to build vessels for O&G companies in the […]

April 16, 2018 | By | Reply More
AirAsia X to suspend KL-Tehran route for second time

AirAsia X to suspend KL-Tehran route for second time

KUALA LUMPUR: AirAsia X Bhd, the long-haul arm of budget carrier AirAsia, will suspend its Kuala Lumpur (KL) – Tehran flights this year with the last flight taking off from Kuala Lumpur on April 20, 2018. The suspension will be the second time following the first in October 2012. AirAsia X chief executive officer Benyamin […]

April 16, 2018 | By | Reply More
IHH Healthcare's offer rejected by Fortis

IHH Healthcare's offer rejected by Fortis

PETALING JAYA: IHH Healthcare Bhd has been notified by India’s Fortis Healthcare Ltd the inability to engage with the company due to the binding agreements with other parties. IHH had on April 11 issued a non-binding letter issued on April 11 to Fortis expressing its interest to participate in Fortis and its affiliates. “In response […]

April 16, 2018 | By | Reply More
Railway Park to be export hub

Railway Park to be export hub

KUALA LUMPUR: The proposed new railway industrial park, to be based in Rawang, is set to be an export hub for rail products and talents in the region in line with the growing rail industry there. Malaysian Rail Industry Consortium (MARIC) president Datuk Dr Mohd Yusoff Sulaiman said the park will boost industrial exports, especially in […]

April 16, 2018 | By | Reply More
Islamic banks face uneven impact from correspondent banking decline

Islamic banks face uneven impact from correspondent banking decline

Last month, the FSB had said the decline in correspondent banking remains a source of concern with potentially adverse consequences for global trade, financial inclusion and financial stability. Islamic banks in Africa and South Asia were among those most severely affected by heightened money laundering enforcement. (File pic) BAHRAIN: An industry body for Islamic banks […]

April 16, 2018 | By | Reply More
Indonesia-Malaysia palm council says UK supermarket misleads consumers

Indonesia-Malaysia palm council says UK supermarket misleads consumers

JAKARTA: The Council of Palm Oil Producing Countries (CPOPC), a palm oil board led by Indonesia and Malaysia, said British supermarket chain Iceland’s decision to remove palm oil from its own-brand food products misleads consumers. Iceland said last week that due to concerns over rainforest destruction it would remove palm oil from all of its […]

April 16, 2018 | By | Reply More
IHH says Fortis board declines to engage on takeover offer

IHH says Fortis board declines to engage on takeover offer

This is due to Fortis’ binding agreements with Manipal Health Enterprises Private Limited, Manipal Global Health Services and TPG Asia.   MUMBAI: Malaysia’s IHH Healthcare Bhd said today India’s Fortis Healthcare Ltd had declined to engage with the company regarding a takeover offer, citing binding agreements made with other parties. IHH, one of Asia’s largest […]

April 16, 2018 | By | Reply More
Supermax shares rise after managing director’s apology

Supermax shares rise after managing director’s apology

PETALING JAYA: Supermax Corp Bhd’s share price jumped 5.38% this morning after its managing director Datuk Seri Stanley Thai issued an apology to the Prime Minister for his involvement in politics. At 11.38am, its share price was 5.38% or 14 sen higher at RM2.74 with 3.23 million shares traded. On Saturday, Thai said at a […]

April 16, 2018 | By | Reply More