Recent Articles

Green Rubber Global inks US$8.3m machinery deal

Green Rubber Global inks US$8.3m machinery deal

PETALING JAYA: Green Rubber Global, a subsidiary of conglomerate Petra Group has signed a US$8.3 million (RM32.62 million) agreement with YMS Process Engineering Pte Ltd for the purchase of machinery for its new plant in Putra Industrial Park, Selangor. The machinery will support Green Rubber’s patented DeLink elastomer recycling process. Green Rubber processes and develops […]

August 10, 2015 | By | Reply More
Northport to gain more from tariff hikes

Northport to gain more from tariff hikes

PETALING JAYA: The recently approved container tariff hikes at Port Klang are expected to benefit Northport more than Westports, said Maybank IB Research. “We understand that both Westports and Northport will raise their gateway tariffs according to the new tariffs on Sept 1, 2015 and maintain the rebates (percentage of tariffs) as per current contract. […]

August 10, 2015 | By | Reply More
Investors urged to adopt ‘defensive’ strategy in the near term: MaybankIB

Investors urged to adopt ‘defensive’ strategy in the near term: MaybankIB

PETALING JAYA: Maybank Investment Bank (Maybank IB) has urged investors to remain defensive in the near term and invest based on selected themes, in view of the current market condition. The FBM KLCI closed 1,654.37 points yesterday, down 1.68% from its closing last Friday. In a statement yesterday, Maybank IB said despite the uncertainties (in […]

August 10, 2015 | By | Reply More
CGC sees higher guaranteed loans this year

CGC sees higher guaranteed loans this year

PETALING JAYA: Credit Guarantee Corp Malaysia Bhd (CGC) expects its loan guarantee cover to hit RM3.5 billion this year, which is higher than its official target of RM3.0 billion. “We project we should be able to hit RM3.5 billion this year,” CGC senior vice president of marketing and sales Wong Keet Loong told reporters after […]

August 10, 2015 | By | Reply More
Indonesia AirAsia licensing dangling by the thread

Indonesia AirAsia licensing dangling by the thread

PETALING JAYA: The Indonesian Ministry of Transportation has extended the deadline for airlines to have positive shareholder equity by end of September but chances of Indonesia AirAsia (IAA) complying is dicey. IAA, the Indonesian affiliate of AirAsia Bhd, could be banned from flying if it fails to comply. IAA is one of 12 airlines affected […]

August 10, 2015 | By | Reply More
Affin Bank buys TRX land for RM255m

Affin Bank buys TRX land for RM255m

PETALING JAYA: Affin Bank Bhd is acquiring 54,266 sq ft of land within the financial quarter of the Tun Razak Exchange (TRX) international financial district for RM255 million to house its new headquarters. 1MDB Real Estate, the master developer of TRX, said the sale and purchase agreement (SPA) with Affin Bank was signed after extensive […]

August 10, 2015 | By | Reply More
Bank Negara caught in a Catch-22 situation

Bank Negara caught in a Catch-22 situation

PETALING JAYA: Malaysia’s international reserves, which fell below the US$100 billion (RM393 billion) level for the first time since September 2010 recently, has put Bank Negara Malaysia (BNM) between a rock and hard place, with the ringgit continuing its free fall. “Given the sharp ringgit depreciation, we see BNM in a policy dilemma. On one […]

August 10, 2015 | By | Reply More
Bloodbath at KLCI as foreign exchange reserves and ringgit continue to free fall

Bloodbath at KLCI as foreign exchange reserves and ringgit continue to free fall

PETALING JAYA: Malaysia’s stock market tumbled 28.28 points or 1.68% to more than a two-year low yesterday on concerns over the continued slump in the ringgit and political uncertainties. The FBM KLCI nose dived as much as 33.53 points or 1.99% to an intra-day low of 1,649.12 points, before closing at 1,654.37 points. Almost all […]

August 10, 2015 | By | Reply More
Reinvigorating SMEs in Ebola-stricken Liberia

Reinvigorating SMEs in Ebola-stricken Liberia

Liberia, Aug 10: A fresh deal between the African Development Bank (AfDB) and Access Bank Liberia Ltd (ABL) that should boost small and medium-sized businesses in Liberia has been finalised. The technical assistance partnership agreement inked recently is expected to enhance ABL’s reach to Liberian Micro, Small and Medium Enterprises (MSMEs). The deal is supported […]

August 10, 2015 | By | Reply More
Affin Bank buys TRX land for new HQ

Affin Bank buys TRX land for new HQ

KUALA LUMPUR: 1Malaysia Development Bhd Real Estate (1MDB RE) has inked a deal with Affin Bank Bhd today to acquire a plot of land measuring 823,439 sq ft in the Tun Razak Exchange (TRX) to develop its new headquarters (HQ) for RM255 million. The plot, earmarked for a 35-storey Prime Grade A office block, will […]

August 10, 2015 | By | Reply More