Recent Articles

FGV's net profit soars fourfold to RM143.73m

FGV's net profit soars fourfold to RM143.73m

By NST Business   KUALA LUMPUR: Felda Global Ventures Holdings Bhd’s net profit soared more than four times to RM143.73 million in the year ended Dec 31 2017 from RM31.47 million previously. This is despite revenue easing 1.5 per cent to RM16.97 billion from RM17.24 billion. FGV’s fourth quarter net profit, however, dropped 31.9 per […]

February 23, 2018 | By | Reply More
YTL Corp Q2 earnings fall 14.6% on lower contribution from most business segments

YTL Corp Q2 earnings fall 14.6% on lower contribution from most business segments

PETALING JAYA: YTL Corp Bhd saw its net profit decline 14.6% to RM126.09 million for the second quarter ended Dec 31, 2017, from RM147.69 million in the previous corresponding quarter due to lower earnings from most business segments. Revenue for the quarter up 7.7% to RM3.9 billion compared with RM3.62 billion in the same period […]

February 23, 2018 | By | Reply More
Snap, chatter and pop goes the share price

Snap, chatter and pop goes the share price

KYLIE Jenner, a model best known for being the, er, second most famous Kylie in the world, managed to cause a stir on Wall Street. With this idiosyncratic tweet sooo does anyone else not open Snapchat any more? Or is it just me…ugh this is so sad she knocked back the share price of Snap, […]

February 23, 2018 | By | Reply More
VSolar's power plant project with UTM lapses

VSolar's power plant project with UTM lapses

PETALING JAYA: VSolar Group Bhd’s plan to develop a 30MW solar energy plant with Universiti Teknologi Malaysia (UTM) has been aborted. VSolar told Bursa Malaysia that both parties had mutually agreed to terminate their joint venture agreement (JVA) for the development of solar energy generation facilities. “The mutual termination of the JVA is not expected […]

February 23, 2018 | By | Reply More
Kuantan Flour Mills to expand into pet food industry

Kuantan Flour Mills to expand into pet food industry

PETALING JAYA: Kuantan Flour Mills Bhd (KFM), a Practice Note 17 (PN 17) company, has entered into a memorandum of understanding (MoU) with MCM Petcare Sdn Bhd for a proposed business collaboration to facilitate its expansion into trading and retailing of pet food products. The group said in a Bursa Malaysia filing that the eventual […]

February 23, 2018 | By | Reply More
Dayang falls into the red in Q4 on lower profit margins

Dayang falls into the red in Q4 on lower profit margins

PETALING JAYA: Dayang Enterprise Holdings Bhd swung to the red registering a net loss of RM54.25 million in the fourth quarter ended December 31,2017 against a net profit of RM46.71 million in the same quarter last year, due to lower profit margins arising from lower charter rates and forex losses. Its forex loses for the […]

February 23, 2018 | By | Reply More
Bursa Malaysia ends higher

Bursa Malaysia ends higher

KUALA LUMPUR: Bursa Malaysia ended higher on continued buying interest in selected heavyweight stocks, led by the finance sector, coupled with the bounce on regional peers, dealers said. The barometer index was mainly lifted by Public Bank and CIMB Group, which together accounted for 4.59 points of the index. At the close, the key FTSE […]

February 23, 2018 | By | Reply More
Malaysia-China total trade grew 20.6pc to RM290.65b in 2017

Malaysia-China total trade grew 20.6pc to RM290.65b in 2017

By NST Business KUALA LUMPUR: Total bilateral trade between Malaysia and China grew 20.6 per cent to RM290.65 billion last year from RM240.9 billion in 2016, said Malaysia External Trade Development Corp (Matrade). Its export promotion and market access division director (China and Northeast Asia Section) Ong Yew Chee said total exports accounted for RM126.15 […]

February 23, 2018 | By | Reply More
Scientex to acquire Klang Hock Plastic Industries for RM190m

Scientex to acquire Klang Hock Plastic Industries for RM190m

By NST Business SHAH ALAM: Scientex Bhd has set its eyes on becoming a regional powerhouse in flexible plastic packaging market with the acquisition of Klang Hock Plastic Industries Sdn Bhd (KHPI) for RM190 million. KHPI is a leading manufacturer of custom films and has a diverse customer base of over 450 multinational corporations worldwide, […]

February 23, 2018 | By | Reply More
FGV to sell more non-performing assets

FGV to sell more non-performing assets

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) plans to divest two or three non-core and non-performing assets or investments this year. Group president and CEO Datuk Zakaria Arshad said talks with the related parties are underway. “One or two of them (deals) has already concluded. We need to sign the sale and purchase agreement,” […]

February 23, 2018 | By | Reply More