Business

Higher profit

By OOI TEE - Friday, 25 July 2014.

PUBLIC Bank Bhd’s net profit rose 3.3 per cent to RM1.06 billion in the second quarter ended June 2014 from RM1.02 billion a year ago, thanks to higher net interest income.

Latest

Ringgit slips against US dollar

Friday, July 25, 2014 - 00:21

KUALA LUMPUR: The ringgit closed lower against the US dollar yesterday on short covering and mild profit-taking, a currency trader said.

Rubber end mix on upbeat sentiment

Friday, July 25, 2014 - 00:20

KUALA LUMPUR: The Malaysian rubber market ended mixed yesterday, putting a halt to three straight days of losses, following the uptrend on regional markets and higher-than-expected Chinese purchasing data.

Gold lower on lack of buying support

Friday, July 25, 2014 - 00:19

KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives closed lower yesterday on lack of buying support.

Oil dips below US$108

Friday, July 25, 2014 - 00:17

LONDON: Brent crude dipped below US$108 a barrel yesterday as unseasonably weak demand from European refiners and plentiful supplies offset strong Chinese factory data.

Palm futures prices rebound

Friday, July 25, 2014 - 00:15

KUALA LUMPUR: Crude palm oil futures prices on Bursa Malaysia Derivatives rebounded yesterday, propped up by a stronger soyabean market.

MAHB: Passenger traffic to hit 85m

By BILQIS BAHARI - Friday, July 25, 2014 - 00:15

SEPANG: Malaysia Airports Holdings Bhd (MAHB) is confident that its passenger traffic will hit 85 million this year.

Reach Energy targets to raise RM750m from IPO

Friday, July 25, 2014 - 00:07

REACH Energy Bhd, which is set to be the largest special purpose acquisition (SPA) company listed on Bursa Malaysia, has placed out 980 million shares to cornerstone and institutional investors, leaving only 20 million shares for the public to subscribe for under its initial public offering (IPO).

Boustead buys Hyde Park Hotel in London for RM139m

Friday, July 25, 2014 - 00:07

KUALA LUMPUR: Boustead Holdings Bhd has expanded its properties abroad with the acquisition of Hyde Park Hotel in London for RM138.98 million.

MRCB to buy 51pc of Penang Sentral for RM50.75m

Friday, July 25, 2014 - 00:06

KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) is buying the 51 per cent stake held by Pelaburan Hartanah Bhd in Penang Sentral Sdn Bhd for RM50.75 million.

‘MAS-AirAsia X merger report unfounded’

Friday, July 25, 2014 - 00:06

KUALA LUMPUR: Khazanah Nasional Bhd has described reports of a possible merger between Malaysia Airlines (MAS) and AirAsia X Bhd as unfounded and speculative.

Celcom launches premium Internet plan

Friday, July 25, 2014 - 00:04

CELCOM Axiata Bhd recently launched the Celcom First ONE Plan.

Joyalukkas bags Superbrands awards, again

Friday, July 25, 2014 - 00:04

KUALA LUMPUR: Global jewellery retailer Joyalukkas Group has received the Superbrands recognition for the fifth time in a row.

Bank Islam wins global recognition

Friday, July 25, 2014 - 00:03

KUALA LUMPUR: Bank Islam Malaysia Bhd has received International Banker Awards recognition in three categories — Best Chief Executive Officer (CEO), Customer Service and Islamic Banking.

Team brings wealth of experience

Friday, July 25, 2014 - 00:02

He was previously with KL Mutual Fund Bhd before joining Dibena Enterprise Sdn Bhd, one of the stakeholding companies of Datasonic, and became a director of Datasonic Corporation Sdn Bhd in 2006.

Managing subsidy: The Fuelsubs House approach

Friday, July 25, 2014 - 00:00

THERE is a stronger case for the government to embark on subsidy-rationalisation measures in Malaysia as across-the-board subsidies for essential products such as fuel tend to benefit the richest segment of the population.

MIDF stays ‘neutral’ on Westports

Thursday, July 24, 2014 - 23:45

MIDF Research has kept its “neutral” call on Westports Holdings Bhd, with a revised target price of RM2.95 from RM2.88 previously on the back of its better-than-expected net profit of RM231.5 million in the first half of this year.