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Exclusive: Citrix in last-ditch attempt to sell itself – sources

Exclusive: Citrix in last-ditch attempt to sell itself – sources

REUTERS: Citrix Systems Inc , the U.S. cloud computing company targeted by activist hedge fund Elliott Management, is making a final attempt to sell itself as a whole before it embarks on asset sales, according to people familiar with the matter. Citrix, which had attracted the interest of private equity investors before it agreed in […]

September 22, 2015 | By | Reply More
Dollar firms as Fed seen hiking rate this year

Dollar firms as Fed seen hiking rate this year

NEW YORK: The dollar broadly strengthened on Tuesday (Sep 22) on expectations that a Federal Reserve interest rate hike remains on track in the next three months. The greenback also gained as US and European stock markets piled up losses on economic growth concerns and Volkswagen’s escalating emissions scandal. “The widespread gains in the US dollar confirm that rate […]

September 22, 2015 | By | Reply More
Boeing plans 737 plant in China, pledges no US layoffs

Boeing plans 737 plant in China, pledges no US layoffs

SEATTLE: Boeing Co Chief Executive Dennis Muilenburg said on Tuesday he sees scope for additional 737 work going to China as the company continues to increase production rates of the single-aisle jetliner, though any changes would not come at the expense of U.S. jobs. “As we ramp up capabilities in China, including additional 737-related work, […]

September 22, 2015 | By | Reply More
‘Second half won’t be any better’

‘Second half won’t be any better’

PETALING JAYA: Federation of Malaysian Manufacturers (FMM) CEO Yeoh Oon Tean said the outlook for the second half of the year will remain “as bad as the first half” due to the challenging economic conditions. “They’ve (FMM members) indicated that there will be a slowdown in expansion and will hire fewer people,” he told reporters […]

September 22, 2015 | By | Reply More
JAKS secures US$1.4b financing for Vietnam power project

JAKS secures US$1.4b financing for Vietnam power project

SUBANG JAYA: JAKS Resources Bhd has secured US$1.402 billion (RM5.82 billion) in financing to partly fund the construction of a coal-fired thermal power plant project (IPP project) in Hai Duong province, Vietnam. The thermal plant has a project cost of US$1.87 billion, with total engineering, procurement and construction (EPC) works amounting to US$1.52 billion (RM6.31 […]

September 22, 2015 | By | Reply More
Iris gains from ringgit’s weakness against dollar

Iris gains from ringgit’s weakness against dollar

KUALA LUMPUR: Iris Corp Bhd expects to see better performance for its financial year ending March 31, 2016 (FY16), mainly driven by its trusted identification division, housing project in Papua New Guinea and waste to energy incinerator plant in Phuket, Thailand. The smart card technology solutions provider has eight divisions with trusted identification solutions as […]

September 22, 2015 | By | Reply More
Adventa’s Q3 profit down 39.9% on higher import cost

Adventa’s Q3 profit down 39.9% on higher import cost

PETALING JAYA: Adventa Bhd saw a 39.97% drop in net profit to RM817,000 for the third quarter ended July 31, 2015 against RM1.36 million in the previous corresponding period, due to higher import cost for healthcare products from the weakening ringgit. Revenue dropped 6.48% from RM10.09 million to RM9.44 million for the quarter under review. […]

September 22, 2015 | By | Reply More
Kelington secures S$21m contract

Kelington secures S$21m contract

KUALA LUMPUR: Integrated engineering solutions provider Kelington Group Bhd has secured a contract worth S$21 million (RM64 million) from M+W Singapore Pte Ltd for the supply and installation of an exhaust distribution system. This contract comes one month after Kelington was awarded with a S$14 million contract from M+W Singapore for the supply and installation […]

September 22, 2015 | By | Reply More
Container tariff revision delayed to Nov 1

Container tariff revision delayed to Nov 1

PETALING JAYA: Phase one of the revised container tariff at Port Klang has been delayed a further one month and will now take effect on Nov 1 instead of Oct 1 as previously announced, according to Westports Holdings Bhd. In a filing with Bursa Malaysia, Westports said it received a letter notifying them about the […]

September 22, 2015 | By | Reply More
PR1MA outlines strategy to meet deadline

PR1MA outlines strategy to meet deadline

PETALING JAYA: Perbadanan PR1MA Malaysia (PR1MA), which was mandated to build 500,000 affordable houses by 2018 in the 2013 Budget, believes it will meet the delivery deadline collectively by consolidating its operations with that of developers. In a statement released yesterday, PR1MA said the operational consolidation plan was the crux of the discussion at its […]

September 22, 2015 | By | Reply More