Sunsuria banks on Sunsuria City, upcoming Forum Two in Setia Alam16 February 2017 @ 11:56 AM
KUALA LUMPUR: Property developer Sunsuria Bhd is optimistic despite expecting some spillover challenges from last year.
Recently-appointed chief executive officer Koong Wai Seng said Sunsuria was still very much in line with its objectives when it went public in 2014.
“The year 2016 was the year testing out the market response in order to secure some certainty of sales confidence level for this year.
KIP REIT, Serba Dinamik excite mart6 February 2017 @ 11:00 AM
KUALA LUMPUR: Two new listings this week — KIP Real Estate Investment Trust and Serba Dinamik Holdings Bhd — will add excitement to the local bourse and keep the healthy momentum of companies raising capital from the stock market going.
There were also two initial public offerings (IPOs) last month — glove-dipping lines manufacturer HLT Global Bhd and plantation firm Matang Bhd — on the ACE Market.
KIP REIT and Serba Dinamik, with issue prices of RM1 and RM1.50, respectively, will be listed on Bursa Malaysia’s Main Market.
Plantation, property, new focus for Tabung Haji4 February 2017 @ 11:40 AM
PUTRAJAYA: LEMBAGA Tabung Haji will be focusing on plantation and properties for more recurring and sustainable income source to its business for the next three years to 2020.
For its plantation division, the pilgrims fund will focus on replanting rather than venturing into greenfields and has allocated RM2 billion for investments into overseas property investments.
'BNM can address issues case by case'21 December 2016 @ 11:01 AM
KUALA LUMPUR: There is no reason for companies operating in Malaysia to be unduly worried about Bank Negara Malaysia’s (BNM) recent measures on the ringgit as the central bank can address their concerns on a case-by-case basis.
Second Finance Minister Datuk Johari Abdul Ghani said it is imperative for companies to understand that BNM seeks to facilitate the flow of capital, and not to curb it.
'Consumer banking loan growth to stay at 7pc'18 November 2016 @ 11:00 AM
KUALA LUMPUR: CIMB Bank Bhd expects to maintain its consumer banking segment loan growth at seven per cent this year.
Group consumer banking chief executive officer (CEO) Samir Gupta said the bank was also looking at a similar growth for the coming year.
“It is a challenging time right now but we still see pockets of growth,” he said.
“We have seen a growth of seven per cent for consumer segment loans and are optimistic at maintaining this growth for the rest of the year as well as next year.”
Affin Hwang Capital ready to expand7 November 2016 @ 11:00 AM
KUALA LUMPUR: Specialist capital markets group Affin Hwang Capital is projecting a robust outlook for its businesses now that it has completed its post-merger house cleaning.
“The merger between the investment banking businesses of Affin and HwangDBS (M) Bhd that took place in 2014 and last year has mostly been a painful period of streamlining for both businesses,” said group managing director Datuk Maimoonah Hussain in an interview with Business Times recently.
Local banks' sukuk value still lagging20 October 2016 @ 11:00 AM
KUALA LUMPUR: Malaysian banks may have dominated the sukuk market but in value terms, the world’s top three sukuk managers, namely HSBC Group, Standard Chartered Plc (StanChart) and JPMorgan Chase, are ahead of any of the local top banks.
Second Finance Minister Datuk Johari Abdul Ghani said the country still lags behind global banks when it comes to international sukuk issuances and value despite accounting for 54 per cent of the global sukuk issuances.
Malaysia vital to Boston Scientific expansion plan17 October 2016 @ 11:00 AM
KUALA LUMPUR: Global manufacturer and marketer of medical devices Boston Scientific Corp is set to expand in Asia Pacific and has embarked on its first manufacturing facility in Asia, to be located in Penang.
The 375,000-square feet Boston Scientific facility at the Batu Kawan Industrial Park is expected to be completed in the fourth quarter of next year.
KNM upbeat on Thai unit11 October 2016 @ 11:00 AM
KUALA LUMPUR: Diversified process equipment manufacturer KNM Group Bhd expects 70 per cent of its revenue to come from renewable energy, beginning next year.
Its renewable energy business will be derived mostly from its Thailand unit — Impress Ethanol Co Ltd (IEL) — of which KNM Group is a majority shareholder with a 72 per cent stake.
“We have mostly been a contract player for all our business segments since our establishment in 2003,” said group chief executive officer Lee Swee Eng yesterday.
Expanding the economic catalyst5 October 2016 @ 11:01 AM
KUALA LUMPUR: Permodalan Nasional Bhd’s (PNB) newly-appointed president Datuk Abdul Rahman Ahmad has pledged to carry on Tan Sri Hamad Kama Piah Che Othman’s legacy of building PNB into one of the country’s leading and respected investment institutions.
Abdul Rahman, who began his stint as the new president and group chief executive officer (CEO) on October 1, said he was well aware of the big shoes he has to fill in following Hamad Kama Piah’s years of outstanding contribution.