Recent Articles

Net selling by foreign funds on Bursa surges to RM714 million

Net selling by foreign funds on Bursa surges to RM714 million

PETALING JAYA: Foreign funds were net sellers of RM714 million of stocks in the open market last week, the heaviest in seven weeks, despite the Deepavali break last Tuesday. MIDF Research head Zulkifli Hamzah said it was a case of foreign attrition every single day last week. “On Monday, foreigners sold lightly ahead of the […]

November 16, 2015 | By | Reply More
MRCB proposes to raise up to RM612.1 million from private placement

MRCB proposes to raise up to RM612.1 million from private placement

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) proposes to raise up to RM612.1 million from a private placement, which will be used mainly for its property development activities. In a filing with Bursa Malaysia yesterday, MRCB said it proposes to undertake a private placement of up to 493.61 million ordinary shares of RM1 each, representing […]

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2015 GDP growth projected at 4.9-5.0%

2015 GDP growth projected at 4.9-5.0%

PETALING JAYA: Analysts have projected Malaysia’s gross domestic product (GDP) growth for 2015 to come in at 4.9% to 5.0%, following the third quarter (3Q15) expansion of 4.7%. “We maintain our 2015 full-year GDP growth of 5%, as 4Q15 (HLIB: +4.9% yoy) is unlikely to stage a strong rebound given subdued domestic sentiment and lingering […]

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Scanwolf final investigation finds no wrong

Scanwolf final investigation finds no wrong

PETALING JAYA: PKF Covenant Sdn Bhd has found no wrong following the completion of its investigative review on Scanwolf Corp Bhd, a plastic extrusion manufacturer and property developer. In a stock exchange filing yesterday, Scanwolf said PKF Covenant, which it appointed on April 23 to conduct an investigative audit of the group, “did not discover […]

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Sapura Resources, Ge-Shen get Bursa UMA query

Sapura Resources, Ge-Shen get Bursa UMA query

PETALING JAYA: Sapura Resources Bhd, which was issued an unusual market activity (UMA) query by Bursa Malaysia Securities Bhd yesterday, pointed out that three articles published in the press could have led to the increase in its share price and volume recently. In a reply to the query, Sapura Resources said it is not aware […]

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Parkson rebrands to spruce up performance

Parkson rebrands to spruce up performance

KUALA LUMPUR: Parkson Holdings Bhd, which posted a 69% drop in net profit for the financial year ended June 30, 2015 (FY15), hopes to improve its performance with its ongoing rebranding exercise. “At the moment consumer sentiment is quite weak, I can’t say whether it will continue but we have to stay active to wait […]

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Banks allay fears of first-time home buyers over financing

Banks allay fears of first-time home buyers over financing

PETALING JAYA: Eligible first-time home buyers will continue to be able to obtain financing, said the Association of Banks in Malaysia (ABM). “The business of our member banks is in the main lending or extending credit. There is no intention whatsoever to make lending more difficult, particularly for first-time home buyers,” it said in a […]

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Sime Darby Property ‘one of the best firms to work for’ in Malaysia

Sime Darby Property ‘one of the best firms to work for’ in Malaysia

KUALA LUMPUR: Sime Darby Property Bhd bolstered its status as one of the best workplaces in the region, by bagging the HR Asia Best Companies to Work for in Asia 2015 (Malaysia Chapter) award recently. The HR Asia Best Companies to Work for in Asia recognises and honours world-class corporations that demonstrate high levels of […]

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WCT bags RM282.6 million deal from IJM

WCT bags RM282.6 million deal from IJM

PETALING JAYA: WCT Holdings Bhd has been awarded a RM282.57 million subcontract from IJM Construction Sdn Bhd for the construction and completion of the West Coast Expressway. In a stock exchange filing yesterday, WCT said its wholly-owned unit, WCT Bhd, had yesterday accepted a subcontract for the West Coast Expressway (Taiping – Banting) Section 3 […]

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Oil shares lead US stocks higher after Paris attacks

Oil shares lead US stocks higher after Paris attacks

NEW YORK: Big gains by petroleum-linked equities helped lift US stocks on Monday (Nov 16) in the first session after the terror attacks in Paris late Friday. Dow members ExxonMobil and Chevron gained 3.6 per cent and 4.4 per cent, while ConocoPhillips jumped 4.9 per cent as oil prices rallied on reports that US-led coalition jets were […]

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