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Dollar tumbles after Fed stalls on rate rise

Dollar tumbles after Fed stalls on rate rise

NEW YORK: The US dollar tumbled on Thursday after the Federal Reserve opted again not to increase interest rates, saying worries about China and the global economy led it to stand pat. The dollar lost 1.3 per cent against the euro, sinking to US$1.1436 per euro, and by smaller amounts against the yen and pound. While many had expected […]

September 17, 2015 | By | Reply More
Glomac Q1 net profit sees slight improvement

Glomac Q1 net profit sees slight improvement

PETALING JAYA: Glomac Bhd’s net profit for the first quarter ended July 31, 2015 (Q1 FY16) improved slightly (1.07%) to RM21.07 million from RM20.85 million a year ago on the back of higher revenue. Revenue for the period rose 15.45% to RM123.00 million from RM106.54 million a year ago, mainly due to steady construction progress […]

September 17, 2015 | By | Reply More
Boustead gets vessel service contract for RM92.43 million

Boustead gets vessel service contract for RM92.43 million

PETALING JAYA: Boustead Holdings Bhd’s subsidiary, Boustead Naval Shipyard Sdn Bhd, has bagged a vessel maintenance contract from the Ministry of Defence Malaysia valued at RM92.43 million. Boustead received a letter of work on September 2, 2015 awarding BN Shipyard a contract for scheduled refit maintenance of a patrol vessel, known as KD Pahang, for […]

September 17, 2015 | By | Reply More
KL High Court dismisses appeal by Transmile directors

KL High Court dismisses appeal by Transmile directors

PETALING JAYA: The Kuala Lumpur High Court yesterday dismissed appeals filed by Transmile Group Bhd’s former independent directors against their conviction and sentence for knowingly authorising the furnishing of a misleading statement to Bursa Malaysia in 2007. Shukri Sheikh Abdul Tawab, 51, and Jimmy Chin Keem Feung, 50, were in 2011 found guilty by the […]

September 17, 2015 | By | Reply More
Scan Associates ED sues founder, six others

Scan Associates ED sues founder, six others

PETALING JAYA: Scan Associates Bhd’s executive director Mak Siew Wei, who is on the list of directors to be removed at an upcoming EGM, is suing founder and former CEO Datuk Norbik Bashah Idris and six others for allegedly breaching the listing rules. In a filing with the stock exchange, Scan Associates said the company […]

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BToto to pay 5 sen dividend in first quarter

BToto to pay 5 sen dividend in first quarter

PETALING JAYA: Berjaya Sports Toto Bhd (BToto), which posted a 7.7% jump in revenue for the first quarter ended July 31, 2015 (Q1), declared its first interim dividend of 5 sen per share for Q1. The board has declared a first interim single tier exempt cash dividend of 2.5 sen per share and a share […]

September 17, 2015 | By | Reply More
DGSB eyes 15% more revenue in FY16

DGSB eyes 15% more revenue in FY16

KUALA LUMPUR: Diversified Gateway Solutions Bhd (DGSB) expects its two new businesses, digital media and tower infrastructure, to contribute 10-15% of its revenue in the financial year ending March 31, 2016 (FY16). “We’ve diversified into these two areas last year. Hopefully it will contribute positively,” its CFO Richard Voon told SunBiz after the group’s AGM […]

September 17, 2015 | By | Reply More
Gas Malaysia to supply gas to Honda

Gas Malaysia to supply gas to Honda

PETALING JAYA: Gas Malaysia Bhd has agreed on the terms for the construction of gas distribution pipeline and metering facilities for the supply of natural gas to Honda Malaysia Sdn Bhd (HMSB). In a Bursa Malaysia announcement yesterday, Gas Malaysia said HMSB was a related party by virtue of it being an associate company of […]

September 17, 2015 | By | Reply More
MTD ACPI actively bids for new jobs

MTD ACPI actively bids for new jobs

BATU CAVES: MTD ACPI Engineering Bhd, which has been unsuccessful thus far in replenishing its dwindling order book, is actively seeking for new jobs, especially abroad to improve its earnings visibility. The company’s order book currently stands at RM500 million from RM700 million a year ago. During a press conference after MTD ACPI’s AGM yesterday, […]

September 17, 2015 | By | Reply More
AZRB clinches RM386.6 million mixed development project

AZRB clinches RM386.6 million mixed development project

PETALING JAYA: Ahmad Zaki Resources Bhd (AZRB) has clinched a mixed development project worth RM386.65 million, which forms part of the multi-billion ringgit redevelopment of the 113-year old Kampung Baru in Kuala Lumpur. In a stock exchange filing yesterday, AZRB said its unit, Ahmad Zaki Sdn Bhd, had received a letter of acceptance of tender […]

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