Business

Maybank nets RM1.61b in Q3

By FOO EU JIN - Thursday, 27 November 2014.

KUALA LUMPUR: Malayan Banking Bhd’s (Maybank) net profit eased eight per cent to RM1.61 billion in the third quarter to September 30 from RM1.7 billion a year ago, dragged down by its insurance and takaful divisions.

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HLB banks on digital base to boost growth

By LIDIANA ROSLIKUALA - Thursday, November 27, 2014 - 01:10

HONG Leong Bank Bhd (HLB) is confident of growing its customer base on the back of its newly launched digital banking platform, the Hong Leong Connect, which has grown threefold since it was introduced in March.

OWG to raise RM50m via IPO

By OOI TEE CHING - Thursday, November 27, 2014 - 01:09

KUALA LUMPUR:  Only World Group Bhd (OWG), en route to listing on Bursa Malaysia, plans to raise RM50 million from its initial public offering (IPO).

‘Fuel prices revision to be on monthly basis’

By ZARINA ZAKARIAHKUALA - Thursday, November 27, 2014 - 01:08

FUEL prices will not be capped and would be subjected to fluctuating global movement, says Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar.

‘No formal request for Line 1 extension’

Thursday, November 27, 2014 - 01:07

PETALING JAYA: Mass Rapid Transit Corp Sdn Bhd (MRT Corp) has denied that Sime Darby Bhd has submitted a request for the extension of MRT Sungai Buloh-Kajang Line (Line 1) to the “City of Elmina” development project.

Material composition in a vehicle

Thursday, November 27, 2014 - 01:07

MATERIAL selections have been the primary exercise in the design and development of automotive vehicles since the early days of mass production.

IJM lacks near-term catalyst, says MIDF

Thursday, November 27, 2014 - 01:06

IF IJM Corp Bhd is able to secure contract for Warisan Merdeka, third Light Rail Transit, Mass Rapid Transit (MRT) Line 2 and highway jobs, earnings from these packages are expected to begin in the financial year 2017, according to MIDF Research.

‘UOA may still post RM1.7b sales’

Thursday, November 27, 2014 - 01:06

UOA Development Bhd is expected to end the year with about RM1.7 billion in sales after its third-quarter results came in within expectations, said RHB Research.

15pc loan growth for BIMB Hldgs despite interest margin pressure

Thursday, November 27, 2014 - 01:05

MAYBANK Kim Eng Research is expecting a 15 per cent loan growth for BIMB Holdings Bhd in fiscal year 2015.

Protasco battle

Wednesday, November 26, 2014 - 23:55

PROTASCO Bhd’s boardroom battle escalated when Tey Por Yee and Ooi Kock Aun blocked the construction firm’s bid to remove them as directors at its extraordinary general meeting (EGM) yesterday.

Investors sue MOL Global

Wednesday, November 26, 2014 - 23:49

A CLASS action suit was filed yesterday against MOL Global Inc, the first Internet firm from Southeast Asia listed on Nasdaq, by American legal firm Tripp Levy PLLC.

British Columbia nod for Petronas LNG project

By KAMARUL YUNUS - Wednesday, November 26, 2014 - 23:48

KUALA LUMPUR: British Columbia has approved a liquefied natural gas (LNG) export terminal being developed by Petroliam Nasional Bhd (Petronas), along with two pipelines, to service Canada’s fledgling LNG industry.

TM expects data, broadband to drive growth

Wednesday, November 26, 2014 - 23:46

KUALA LUMPUR: Telekom Malaysia Bhd (TM) is confident of its prospects for the financial year ending December 2014 despite the fall in net profit in the third quarter.

Kian Joo to sell business for RM1.46b

Wednesday, November 26, 2014 - 23:45

KUALA LUMPUR: Kian Joo Can Factory Bhd is disposing of its entire business, including assets and liabilities, to Aspire Insight Sdn Bhd for RM1.46 billion. In a filing to Bursa Malaysia yesterday, it said the amount translated to about RM3.30 per ordinary share of 25 sen each in Kian Joo.

REIT to buy Comintel land for RM30m

Wednesday, November 26, 2014 - 23:45

KUALA LUMPUR: Comintel Corp Bhd’s unit, Comintel Sdn Bhd, is selling a freehold land with a five-storey office building in Glenmarie, Shah Alam, to Amanahraya Real Estate Investment Trust (REIT) for RM30 million.

New Kuwait Finance appointments

Wednesday, November 26, 2014 - 23:44

KUALA LUMPUR: Kuwait Finance House (M) Bhd has appointed Mohammed Nasser Al Fouzan as chairman of the board of directors with effect from yesterday. Mohammed Nasser has more than 28 years of experience in the banking industry.

Brahim’s buys BK franchise for whopping RM95m

By SHAREN KAURKUALA - Wednesday, November 26, 2014 - 23:43

BRAHIM’S Holdings Bhd has acquired the Burger King franchise from Ekuiti Nasional Bhd (Ekuinas) for RM95 million.