Recent Articles

Credit Suisse revises M'sia's GDP growth forecast upwards, again, to 5.6%

Credit Suisse revises M'sia's GDP growth forecast upwards, again, to 5.6%

KUALA LUMPUR: Credit Suisse has developed a more upbeat outlook on Malaysia’s growth story this year, revising its forecast upwards again, this time to 5.6 per cent from 5.1 per cent.

July 21, 2017 | By | Reply More
Sanichi proposes to consolidate 3 shares into 1

Sanichi proposes to consolidate 3 shares into 1

PETALING JAYA: Sanichi Technology Bhd has proposed to consolidate three of its shares into one in a bid to boost its trading price and market profile. In a filing with Bursa Malaysia today, the company’s board said that following the proposed consolidation, its share price will increase three-folds from 6.5 sen to 19.5 sen while […]

July 21, 2017 | By | Reply More
Ringgit ends higher against US dollar

Ringgit ends higher against US dollar

KUALA LUMPUR: The ringgit ended higher against the US dollar today following the European Central Bank’s (ECB) decision to leave interest rates unchanged, propelling investors to show more interest in assets of emerging markets, dealers said. At 6 pm, the local unit stood at 4.2820/2850 against the greenback compared with Thursday’s close of 4.2900/2930. FXTM Research Analyst Lukman Otunuga told Bernama […]

July 21, 2017 | By | Reply More
TRC Synergy's Australian unit sells asset for AU$9.66m

TRC Synergy's Australian unit sells asset for AU$9.66m

PETALING JAYA: TRC Synergy Bhd’s (TRCS) unit in Australia is disposing of a property in Melbourne for AU$9.66 million (RM32.16 million) cash. In a filing with Bursa Malaysia today, TRCS said its wholly-owned subsidiary TRC (Aust) Pty Ltd (TRCA) had on July 14, 2017 entered into a contract of sale of real estate with Forza […]

July 21, 2017 | By | Reply More
Ipmuda inks MoU to distribute Methven products in Malaysia

Ipmuda inks MoU to distribute Methven products in Malaysia

PETALING JAYA: Ipmuda Bhd’s wholly-owned subsidiary, Ipmuda Tiles & Sanitarywares Sdn Bhd (ITS) has entered into a memorandum of understanding (MoU) with New Zealand-based sanitary ware enterprise Methven Ltd, which will see the former potentially becoming the master dealer to the latter’s products in Malaysia. In a filing with Bursa Malaysia, Ipmuda’s board said that […]

July 21, 2017 | By | Reply More
Landmarks sells stake in MSL for RM87m

Landmarks sells stake in MSL for RM87m

PETALING JAYA: Landmarks Bhd’s indirect wholly-owned subsidiary Kuala Lumpur Suburban Centre Sdn Bhd (KLSC) is disposing of its 20% equity interest in MSL Properties Sdn Bhd to MCL Land Limited for RM87.38 million cash. MSL is principally involved in property development and real estate management. Its major asset is the Wangsa Walk Mal, a three-storey […]

July 21, 2017 | By | Reply More
FBM KLCI closes at intra-day high

FBM KLCI closes at intra-day high

KUALA LUMPUR: The FTSE Bursa Malaysia KLCI (FBM KLCI) ended at an intra-day high as traders embarked on last minute buying in what had been a choppy trading day. At 5pm, the benchmark index closed at 1,759.16, advancing 3.53 points, after moving between 1,752.40 and 1,759.16 throughout the day. It opened 0.92 of-a-point better at 1,756.55 from Thursday’s close of 1,755.63. Market breadth improved with gainers outpacing losers 435 […]

July 21, 2017 | By | Reply More
Banks approve over RM25b worth of home loans

Banks approve over RM25b worth of home loans

PETALING JAYA: More than RM25.7 billion in loans have been approved by commercial banks in Malaysia from January to May this year, with loans in excess of RM24.6 billion disbursed for the purchase of residential property. “The Association of Banks Malaysia (ABM) would like to reiterate that its member banks, which comprise the commercial banks […]

July 21, 2017 | By | Reply More
Mudajaya, Thriven extend settlement period to Sept 1

Mudajaya, Thriven extend settlement period to Sept 1

PETALING JAYA: Mudajaya Group Bhd’s wholly-owned subsidiary MJC Development Sdn Bhd has mutually agreed in writing with Thriven Global Bhd and Mayfair Ventures Sdn Bhd to extend the settlement agreement’s completion date to Sept 1, 2017 for the parties to conclude the disposal of Mayfair, which was the initially the vehicle to develop Lumi Tropicana in […]

July 21, 2017 | By | Reply More
ABM: Banks have not deviated from usual approach to screening loan applications

ABM: Banks have not deviated from usual approach to screening loan applications

KUALA LUMPUR: The 27-member Association of Banks in Malaysia (ABM), has issued a statement saying that in the Jan-May 2017 period, banks disbursed RM24.6 billion in loans for the purchase of residential property, and assured that commercial banks will continue providing financing to eligible house buyers.

July 21, 2017 | By | Reply More