Recent Articles

Ekuinas sells entire stake in APIIT Education Group for RM725 million

Ekuinas sells entire stake in APIIT Education Group for RM725 million

PETALING JAYA: Ekuiti Nasional Bhd (Ekuinas) announced the disposal of its entire 100% stake in the APIIT Education Group for an enterprise value of RM725 million. The government-linked private equity fund said in a statement that with the divestment the group will be able to recoup its cost of investment in APIIT Group with a […]

January 9, 2018 | By | Reply More
Tien Wah Press disposes of machinery for RM1.29m

Tien Wah Press disposes of machinery for RM1.29m

PETALING JAYA: Tien Wah Press Holdings Bhd is selling its machinery for RM1.29 million following its plant closure in Malaysia. The group told Bursa Malaysia, it had on Jan 9, 2018 entered into an assets sale agreement with Paper Base Converting Sdn Bhd, an indirect wholly owned subsidiary of New Toyo International Holdings Ltd, which […]

January 9, 2018 | By | Reply More
Prestar to list steel unit on ACE Market

Prestar to list steel unit on ACE Market

PETALING JAYA: Prestar Resources Bhd is looking to list its subsidiary Tashin Steel Sdn Bhd on the ACE Market of Bursa Malaysia via a special purpose vehicle known as Tashin Holdings Bhd, by the fourth quarter this year. The group told Bursa Malaysia that as part of the proposed listing exercise, Tashin Holdings has entered […]

January 9, 2018 | By | Reply More
CPO prices expected to decline on mounting supply

CPO prices expected to decline on mounting supply

KUALA LUMPUR: Palm oil industry players seem sceptical over this year’s outlook, as crude palm oil (CPO) prices are projected to decline by 12%, on the back of mounting inventory for the commodity. Plantation consultant and Gan Ling Sdn Bhd director Ling Ah Hong said CPO prices are expected to be on a downtrend, unless […]

January 9, 2018 | By | Reply More
MB World a ‘buy’ with Rapid development

MB World a ‘buy’ with Rapid development

PETALING JAYA: Hong Leong Investment Bank (HLIB) Research has initiated coverage on MB World Group Bhd with a “buy” call and a target price of RM2.75, offering a 32.2% upside from its current price. The group’s share price was up 12 sen to RM2.20 today with 129,100 shares traded. MB World, formerly known as Emas […]

January 9, 2018 | By | Reply More
PDZ expands regionally with Indonesian venture

PDZ expands regionally with Indonesian venture

PETALING JAYA: PDZ Holdings Bhd said it has signed a memorandum of understanding (MoU) with an Indonesian shipping company PT Indonesia Bulk Carrier (IBC Group) to provide total maritime logistic solutions, as part of its plans for regional expansion. “Our focus is to expand our footprint regionally, partnering with a reputable maritime industry leader, who […]

January 9, 2018 | By | Reply More
NAP 2014 made industry stronger, to be updated this year: Frost & Sullivan

NAP 2014 made industry stronger, to be updated this year: Frost & Sullivan

KUALA LUMPUR: Business consulting firm Frost & Sullivan believes the National Automotive Policy (NAP) 2014 has led to a stronger local automotive industry which is ready to open its market, but a revision or update is expected in the first half of 2018. “(In) Two to three years time, the national players will no longer […]

January 9, 2018 | By | Reply More
Supersonic jets may be about to make a comeback

Supersonic jets may be about to make a comeback

IN OCTOBER 2003, the age of supersonic passenger travel came to an inauspicious end. That month British Airways withdrew from service its last Concorde jet, a Franco-British aircraft from the 1970s that could fly at twice the speed of sound. Since the 1940s executives in the aerospace industry had predicted that the future of passenger […]

January 9, 2018 | By | Reply More
UK retailers lose sparkle over Christmas

UK retailers lose sparkle over Christmas

LONDON: British retailers faced a slowdown in sales over the crucial Christmas trading period, survey data showed Tuesday, as shoppers were squeezed by higher prices and stagnating wages. Retail sales rose 1.4% last month from a year earlier, according to a survey from the British Retail Consortium (BRC) and financial group KPMG. That compared with […]

January 9, 2018 | By | Reply More
Ringgit eases on profit-taking

Ringgit eases on profit-taking

KUALA LUMPUR: The ringgit continued its morning downtrend to end lower against the US dollar today on profit-taking amid a firmer greenback. At 6pm, the local note finished at 4.0090/0120 against the greenback from 3.9950/9990 on Monday. A dealer said profit-taking was seen after the local unit touched a 19-month high versus the greenback yesterday. […]

January 9, 2018 | By | Reply More