KUALA LUMPUR: Brahim’s Holdings Bhd is renegotiating its RM6.25 billion in-flight catering contract with Khazanah Nasional Bhd and hopes to agree on certain conditions soon that will not put a dent on its earnings, sources close to the company said.
BURSA Malaysia was subdued a day before Christmas after its rallies since last Wednesday, hitting a low of 16 points before closing marginally higher at 1,749.74 points.
KUALA LUMPUR: Palm oil output in Malaysia, the biggest producer after Indonesia, will probably drop the most in 10 months in December amid a seasonal decline in yields. Prices climbed to the highest in almost a month.
KUALA LUMPUR: Ekuiti Nasional Bhd (Ekuinas) is not planning to sell its 42.3 per cent stake in oil and gas services provider Icon Offshore Bhd any time soon.
SINGAPOREANS are riding on strong Singapore dollar against the ringgit, and coming back to spend in Malaysia.
KUALA LUMPUR: The outlook remains optimistic in Malaysia’s commerce landscape next year, even with the impending implementation of Goods and Services Tax (GST) and an expected inflation, according to the Malaysian Business Sentiment Survey 2014/ 2015.
KUALA LUMPUR: Maybank Kim Eng, a fully owned investment banking arm of Malayan Banking Bhd (Maybank), reaffirms its regional strength by winning multiple awards.
KUALA LUMPUR: Koperasi Permodalan Felda (KPF) has aborted its proposed acquisition of a hypermarket-cum-retail centre in Kota Kinabalu for RM260 million from Permaju Industries Bhd.
KUALA LUMPUR: Bursa Malaysia has publicly reprimanded Komarkcorp Bhd for its inaccurate financial reporting for the fourth quarter ended April 30 2013. The company had breached Bursa Malaysia’s listing requirements, said the stock exchange.
KUALA LUMPUR: Mitrajaya Holdings Bhd has won a RM186.84 million contract from Bank Negara Malaysia. The company will design, build, commission and complete the central bank’s business operation complex, here. The contract is due to start on January 2 2015 and be completed by March 31 2016.
KUALA LUMPUR: Engtex Group Bhd’s unit, Benton Corp Sdn Bhd, is buying four pieces of vacant land in North Port Klang from Alphaprise Sdn Bhd for RM25.99 million.
BANK Rakyat is targeting to disburse RM150 million financing to cooperatives that operate the Ar-Rahnu X’Change business, through its latest scheme Ar-Rahnu Flexi, next year.
CHINA is losing more than US$10 billion (RM35 billion) a year from its expressways, state media reported yesterday, despite levying hefty tolls on the world’s largest highway network.
MUMBAI: India’s rupee, falling along with the rest of emerging-market currencies as crude oil slides, is poised to advance next year owing to the nation’s status as a net importer.
RHB Research Institute has maintained its “neutral” call on Yinson Holdings Bhd, despite the company’s core profit for the nine months ended October 31 2014 surpassing expectations.
BEIJING: China’s Huawei Technologies Co Ltd has taken sales of its low-price Honor brand of smartphones to 20 million from one million in just one year, hitting pay dirt with the disruptive online-only strategy it copied from smaller upstart Xiaomi Inc.
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