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Xin Hwa granted bonded warehouse licence by Customs

Xin Hwa granted bonded warehouse licence by Customs

PETALING JAYA: Xin Hwa Holdings Bhd has been granted a bonded warehouse licence by Customs for its newly completed 220,000 sq ft warehouse in Pasir Gudang, Johor, that costs RM30 million. With this, its total warehouse space will be increased to 464,600 sq ft from the current 244,600 sq ft. Bonded warehouse is a warehouse […]

October 28, 2015 | By | Reply More
Positive view on RHBCap scheme

Positive view on RHBCap scheme

PETALING JAYA: RHB Capital Bhd’s Career Transition Scheme (CTS) for 1,812 staff is deemed positive, as this allows the group to operate from a leaner base from FY16 onwards, said HLIB Research. “While one-off CTS cost of RM309 million will hit our FY15 net profit forecast by 15.7%, this will result in significant reduction in […]

October 28, 2015 | By | Reply More
MISC orders eight vessels for RM2.13 billion

MISC orders eight vessels for RM2.13 billion

PETALING JAYA: MISC Bhd has entered into two shipbuilding contracts for the construction of eight new vessels for US$500 million (RM2.13 billion) in an effort to renew its fleet. In a filing with the stock exchange, MISC said its wholly-owned subsidiary AET Inc Ltd signed shipbuilding contracts with Samsung Heavy Industries Co Ltd on Tuesday […]

October 28, 2015 | By | Reply More
MRCB wins RM4.8 billion jobs, kicks off Cyberjaya City Centre project

MRCB wins RM4.8 billion jobs, kicks off Cyberjaya City Centre project

CYBERJAYA: Malaysian Resources Corp Bhd (MRCB) won some RM4.775 billion worth of jobs and kicked off its RM8 billion-RM10 billion Cyberjaya City Centre (CCC) project yesterday. The group, which hosted a joint venture signing ceremony between itself and Cyberview Sdn Bhd for the development of CCC, also announced two new jobs – a RM1.63 billion […]

October 28, 2015 | By | Reply More
‘Ringgit to stabilise at 4.20-4.30 to the dollar’

‘Ringgit to stabilise at 4.20-4.30 to the dollar’

KUALA LUMPUR: The ringgit is expected to stabilise around the current level of 4.20 to 4.30 against the US dollar in the short term till year-end, said Affin Hwang Asset Management Bhd managing director Teng Chee Wai. “The ringgit has finally found its stability. It is already considered good if it doesn’t drop further as […]

October 28, 2015 | By | Reply More
M’sia 18th on World Bank’s Ease of Doing Business list

M’sia 18th on World Bank’s Ease of Doing Business list

PETALING JAYA: Malaysia’s ranking in World Bank’s Ease of Doing Business fell one spot to 18th among 189 economies in 2015, compared with 17th in 2014. Released yesterday, Doing Business 2016: Measuring Quality and Efficiency Report highlighted that Malaysia will have the opportunity to improve its consistently strong business environment further by reducing the procedures […]

October 28, 2015 | By | Reply More
Federal Reserve's statement boosts dollar

Federal Reserve's statement boosts dollar

NEW YORK: The dollar rallied on Wednesday (Oct 28), buoyed by the Federal Reserve’s policy statement suggesting an interest rate hike could come in December. After a two-day meeting, the policy-setting Federal Open Market Committee kept its benchmark federal funds rate unchanged near zero, as expected, and downplayed concerns about international developments that it had cited in […]

October 28, 2015 | By | Reply More
Wall Street climbs as Fed puts December rate hike in play

Wall Street climbs as Fed puts December rate hike in play

REUTERS: U.S. stocks ended sharply higher on Wednesday after a volatile session as the Federal Reserve gave a vote of confidence in the U.S. economy by signaling a December interest rate hike was still on the table. S&P financials, which benefit from higher borrowing rates, shot up following the Fed statement and led sector gains. […]

October 28, 2015 | By | Reply More
US stocks surge as Fed's view of US economy improves

US stocks surge as Fed's view of US economy improves

NEW YORK: Wall Street stocks finished solidly higher on Wednesday (Oct 28) after the Federal Reserve kept near-zero interest rate unchanged and modestly upgraded its US economic outlook. The Dow Jones Industrial rose 198.09 points (1.13 per cent) to 17,779.52. The broad-based S&P 500 jumped 24.46 points (1.18 per cent) to 2,090.35, while the tech-rich Nasdaq Composite […]

October 28, 2015 | By | Reply More
Volkswagen's US dealers prime the pump

Volkswagen's US dealers prime the pump

Examples of new discount offers VW hopes will revive showroom traffic in the U.S.:

October 28, 2015 | By | Reply More