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Senate calls hearing in Anheuser-Busch InBev mega beer deal

Senate calls hearing in Anheuser-Busch InBev mega beer deal

WASHINGTON: Anheuser-Busch InBev’s bid to buy its biggest rival, SABMiller, will be the subject of a U.S. Senate hearing next week, the Senate Judiciary Committee said on Monday. AB InBev, whose takeover of SABMiller would be one of the largest mergers in corporate history, formally announced early in November that it would buy SABMiller for […]

November 30, 2015 | By | Reply More
Wall St. dips with health, consumer shares; gains for November

Wall St. dips with health, consumer shares; gains for November

REUTERS: U.S. stocks slipped on Monday, led by declines in health and consumer shares, as investors braced for policy news from central banks. The three major stock indexes posted a second straight month of gains, however, helped by financial shares , which were up 1.7 percent, while utilities were down 2.8 percent for the month. […]

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Worries about weak holiday shopping dent US stocks

Worries about weak holiday shopping dent US stocks

NEW YORK: Worries about a weak holiday shopping season hit retail-sector equities on Monday (Nov 30), pushing US stocks lower at the start of a heavy news week. Most leading retailers finished down, with global behemoth Wal-Mart Stores losing 1.8 per cent and big-box rival Target falling 1.3 per cent. Others to decline included Macy’s, Gap and […]

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Foreigners turn net buyers as ringgit rallies

Foreigners turn net buyers as ringgit rallies

PETALING JAYA: Foreign investors turned net buyers on Bursa Malaysia last week, albeit marginally, riding on positive sentiment towards the ringgit, which was the best performing Asian and emerging market currency for the period. MIDF Research head Zulkifli Hamzah, in his weekly fund flow report yesterday, said foreign funds purchased RM96.3 million in the open […]

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BIMB Q3 net profit down 4.3%

BIMB Q3 net profit down 4.3%

PETALING JAYA: BIMB Holdings Bhd’s net profit for the third quarter ended Sept 30, 2015 fell 4.3% to RM119.82 million from RM125.29 million a year ago, on the back of a 7.8% revenue increase to RM802.56 million from RM744.48 million.Its earnings per share were 7.77 sen compared with 8.39 sen. The financial group declared an […]

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Sentoria optimistic of property sales boost

Sentoria optimistic of property sales boost

KUALA LUMPUR: The property market slowdown has done nothing to hamper Sentoria Group Bhd’s prospects with the company targeting much higher property sales of RM250 million for the financial year ending Sept 30, 2016 (FY16), banking on its core strength, building affordable homes. Its joint managing director Datuk Gan Kim Leong said its property business […]

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Damansara Realty awarded RM467.13m civil servants housing project

Damansara Realty awarded RM467.13m civil servants housing project

PETALING JAYA: Damansara Realty Bhd has been awarded a contract by Putrajaya Corporation (PJC) to construct housing units under Projek Perumahan Penjawat Awam 1Malaysia (PPPA1) and a mixed development in Presint 5, Putrajaya with a gross development cost of RM467.31 million. Its unit, Damansara Realty (Johor) Sdn Bhd, will build 1,350 PPA1M units comprising of […]

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FGV calls off plan to buy 37% of Eagle High

FGV calls off plan to buy 37% of Eagle High

PETALING JAYA: Felda Global Ventures Bhd (FGV) has aborted its controversial plan to acquire a non-controlling 37% stake in Indonesia’s PT Eagle High Plantations Tbk for US$680 million (RM2.9 billion), due to changes in market conditions and the palm oil industry. In a filing with the stock exchange yesterday, FGV said it and the vendor […]

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RHB Capital Q3 earnings down 64%

RHB Capital Q3 earnings down 64%

PETALING JAYA: RHB Capital Bhd’s third quarter (Q3) net profit slumped by 64.2% to RM194.44 million from RM544.61 million a year ago due to higher operating expenses incurred over its voluntary separation scheme (VSS) and higher allowances for impairments. RHB Capital said revenue in the period ending Sept 30, 2015 declined 3.1% to RM2.64 billion […]

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Censof eyes Indonesia, Myanmar

Censof eyes Indonesia, Myanmar

PETALING JAYA: Censof Holdings Bhd, which received shareholders’ approval for the acquisition of a 51% stake in Asian Business Software Solutions Pte Ltd (ABSS) yesterday, aims to grow its business in Indonesia and Myanmar. “Immediate countries we are looking at are Indonesia and Myanmar. I think they (ABSS) are the largest SME market provider in […]

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