Recent Articles

Small packs not to increase number of smokers: BAT

Small packs not to increase number of smokers: BAT

By NST Business   KUALA LUMPUR: British American Tobacco Malaysia (BAT) has refuted the unfounded allegation that small packs of cigarettes proposed by the industry is to increase the number of smokers in the country. BAT said it views with concern that its intention in putting forth support for a pragmatic measure to merely provide […]

January 19, 2018 | By | Reply More
APFT now a PN17 company

APFT now a PN17 company

PETALING JAYA: Aviation training provider APFT Bhd has been admitted into the Practice Note 17(PN17) category as its shareholders’ equity fell below the 50% threshold, more than a year after auditors flagged going concern issues in its audited financial statement for the financial year ended July 31, 2016. The group’s board of directors said in […]

January 19, 2018 | By | Reply More
BNM to launch MyDebit Corporate Card to reduce cash, cheque usage

BNM to launch MyDebit Corporate Card to reduce cash, cheque usage

ALOR STAR: Bank Negara Malaysia (BNM) will soon introduce the MyDebit Corporate Card to reduce the usage of cash and cheques in commercial transactions. BNM governor Tan Sri Muhammad Ibrahim said the card – which is a collaborative initiative with Payments Network Malaysia Sdn Bhd (PayNet) and local financial institutions – will allow corporate bodies […]

January 19, 2018 | By | Reply More
Metal recycler Atta Global plans to diversify into property development and investment

Metal recycler Atta Global plans to diversify into property development and investment

PETALING JAYA: Atta Global Group Bhd, which is in metal recycling and trading of metal related products, proposes to diversify its business to include property development, investment and construction to enhance revenue sources. The group said a 55% subsidiary Tetap Gembira Development Sdn Bhd intends to start work on a mixed development project on a […]

January 19, 2018 | By | Reply More
SC, BNM warn against initial coin offering schemes

SC, BNM warn against initial coin offering schemes

  KUALA LUMPUR: The Securities Commission (SC) and Bank Negara Malaysia have warned the public against initial coin offering (ICO) schemes which may involve activities that are subject to laws administered by both agencies. “Carrying on such activities without proper authorisation is an offense. “Issuers of ICOs should be mindful that the launching of an […]

January 19, 2018 | By | Reply More
Public can now access financing and repayment history online

Public can now access financing and repayment history online

PETALING JAYA: The public will now be able to access their financing and repayment history over the last 12 months online, with the launch of Bank Negara Malaysia’s (BNM) eCCRIS, which allows for the access of Central Credit Reference Information System (CCRIS) report free of charge. The report is a factual one and not an […]

January 19, 2018 | By | Reply More
4 parties submitted turnkey bids for MRT3

4 parties submitted turnkey bids for MRT3

By OOI TEE CHING   KUALA LUMPUR: Three local consortiums and one from China have submitted their turnkey bids with financing for the mass rapid transit (MRT) Circle Line, following the close for tender oon Thursday. Mass Rapid Transit Corp Sdn Bhd said the consortiums are Sapura – TIEC Consortium; MMC-Gamuda–George Kent Joint Venture; Pacific–Mudajaya–JEC Consortium […]

January 19, 2018 | By | Reply More
Late buying interests push Bursa M'sia to end on firm note

Late buying interests push Bursa M'sia to end on firm note

KUALA LUMPUR: Late buying interests in selected heavyweights, industrial product and consumer counters, pushed Bursa Malaysia to end at an intra-day high today, in line with most of the Asian bourses, dealers said. At 5 pm, the benchmark FTSE Bursa Malaysia KLCI finished at 1,828.83, up 7.23 points from yesterday’s close of 1,821.60. It opened […]

January 19, 2018 | By | Reply More
Veritas Design Group bags design package for Indian High Commission building

Veritas Design Group bags design package for Indian High Commission building

PETALING JAYA: The Indian High Commission has appointed Veritas Design Group with the total design package to build the new Indian High Commission in Jalan Duta. Indian High Commission, H.E. Shri T.S. Tirumurti presented Veritas Design President and CEO David Mizan Hashim with the letter of appointment in a handover ceremony recently. Commenting on Veritas […]

January 19, 2018 | By | Reply More
MARC Ratings affirms Northport's stable outlook

MARC Ratings affirms Northport's stable outlook

By NST Business   KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed its MARC-1IS and AA-IS ratings on Northport (Malaysia) Bhd’s Islamic commercial papers programme and Islamic medium-term notes programme with a stable outlook. The ratings affect the outstanding amount of RM450 million as at December 31, 2017, under the rated programmes which have […]

January 19, 2018 | By | Reply More