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End-March palm stocks hit 5-month low

End-March palm stocks hit 5-month low

KUALA LUMPUR: Malaysia’s palm oil stockpiles fell to their lowest in five months at end-March, posting a third consecutive month of losses, as a surge in exports and domestic consumption likely outweighed production, according to official data released today. Inventories in the world’s second-largest palm oil producer fell 6.2% to 2.32 million tonnes, according to […]

April 10, 2018 | By | Reply More
Fajarbaru acquires Australian property developer

Fajarbaru acquires Australian property developer

PETALING JAYA: Fajarbaru Builder Group Bhd has acquired 49% of Australian property development company Beulah Northcote Land Pty Ltd (BNL) for almost A$3 million (RM8.9 million). In a filing with Bursa Malaysia, the group said its wholly owned subsidiary Fajarbaru Land (M) Sdn Bhd acquired 98 ordinary shares at A$1 each in BNL, representing 49% […]

April 10, 2018 | By | Reply More
Fajarbaru acquires Australian property developer

Fajarbaru acquires Australian property developer

PETALING JAYA: Fajarbaru Builder Group Bhd has acquired 98% of Australian property development company Beulah Northcote Land Pty Ltd (BNL) for almost A$3 million (RM8.9 million). In a filing with Bursa Malaysia today, the group said its wholly owned subsidiary Fajarbaru Land (M) Sdn Bhd acquired 98 ordinary shares at A$1 each in BNL, representing […]

April 10, 2018 | By | Reply More
Ringgit closes higher against US dollar

Ringgit closes higher against US dollar

KUALA LUMPUR: The ringgit rebounded from yesterday’s losses to end higher versus the US dollar today, fuelled by the surging crude oil prices, dealers said. At 6pm, it was quoted at 3.8670/8700 against the US dollar from Monday’s close of 3.8690/8730. A dealer said the higher crude oil prices, where the benchmark Brent crude futures […]

April 10, 2018 | By | Reply More
KLCI ends at intra-day high on bargain hunting

KLCI ends at intra-day high on bargain hunting

KUALA LUMPUR: Bursa Malaysia closed higher across the board today, with the key index ending at an intra-day high, spurred by bargain hunting in small capitalisation stocks and amid bullish sentiment regionally. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) rose 11.27 points to finish at 1,860.98 from 1,849.71 yesterday, after hitting a low of […]

April 10, 2018 | By | Reply More
Gulf Air tries to reclaim its crown

Gulf Air tries to reclaim its crown

WITH their geographical advantage for connecting flights between far-flung places, there is plenty to keep the airlines of the Gulf countries busy. Yet Bahrain’s skies are nearly empty compared with its neighbours. About 9m passengers used its airport last year, far fewer than the 88m for Dubai, 37m for Qatar and 26m for Abu Dhabi. […]

April 10, 2018 | By | Reply More
MyCC: No anti-competitive behaviour in pharmaceutical, building materials industries

MyCC: No anti-competitive behaviour in pharmaceutical, building materials industries

KUALA LUMPUR: There was no conclusive evidence of anti-competitive behaviour between the industry players in the pharmaceutical and building materials sectors, according to the Malaysia Competition Commission (MyCC). The market review reports were finalised after public consultation sessions held last year. Speaking at a forum titled “Strengthening Competition Through Market Review” here today, MyCC director of […]

April 10, 2018 | By | Reply More
Luno started processing withdrawals on March 29

Luno started processing withdrawals on March 29

KUALA LUMPUR: Luno Malaysia, which has had transactions for its Malayan Banking Bhd account suspended since last year, started processing withdrawals on March 29, 2018. Currently, pending withdrawals are being processed in batches, while Luno continues to work on a long-term solution to process both Ringgit withdrawals and deposits in Malaysia. Despotis are still not […]

April 10, 2018 | By | Reply More
MyCC assessing impact of Uber-Grab merger

MyCC assessing impact of Uber-Grab merger

KUALA LUMPUR: The Malaysia Competition Commission (MyCC) is assessing the “post-merger impact” of the two ride-hailing firms Grab and Uber to safeguard the public interest. “The merger is not under our jurisdiction. But we take note of this because it involves the public interest. We have had discussions with Grab, we’re monitoring the whole process,” MyCC member Dr. […]

April 10, 2018 | By | Reply More
AirAsia offers GE14 waiver

AirAsia offers GE14 waiver

SEPANG: In conjunction with the upcoming 14th Malaysian General Election, AirAsia is waiving flight change fees for bookings where the travel date falls on polling day (9 May 2018). This is to ensure passengers travel plans are not affected, it said in a statement today. It said the offer applies to Malaysian citizens only, and […]

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