‘RM9b LRT3 jobs up for bidsearly next year’

By SHAREN KAUR - Thursday, 24 September 2015.

KUALA LUMPUR: MRCB George Kent Sdn Bhd will start awarding some 65 packages worth up to RM9 billion for the Light Rail Transit 3 (LRT3) project from early next year, say sources.


‘RM9b LRT3 jobs up for bidsearly next year’

By SHAREN KAUR - Thursday, September 24, 2015 - 11:00

KUALA LUMPUR: MRCB George Kent Sdn Bhd will start awarding some 65 packages worth up to RM9 billion for the Light Rail Transit 3 (LRT3) project from early next year, say sources.

Hold off property purchases, says buyers association

By ZARINA ZAKARIAH - Thursday, September 24, 2015 - 11:00

KUALA LUMPUR: Property buyers should hold off on purchases until at least next year to enjoy lower prices as cooling measures implemented by Bank Negara Malaysia set in.

Reliance expects business to improve

By GOH THEAN HOWE - Wednesday, September 23, 2015 - 22:48

KUALA LUMPUR: Reliance Pacific Bhd (Reliance), a company engaged in hotel, property and tourism businesses, said its fiscal 2016/17 will improve partly driven by the launch of its Admiral Hill hotel project.

Chinese firms sign deal to buy 300 Boeing planes

Wednesday, September 23, 2015 - 15:27

SHANGHAI: US giant Boeing has signed deals with Chinese firms to sell 300 aircraft and open a completion centre in the Asian giant, China’s official Xinhua news agency reported, as President Xi Jinping began his first state visit to the United States.

ADB maintains 4.7pct growth outlook for 2015

By RUPA DAMODARAN - Wednesday, September 23, 2015 - 14:21

KUALA LUMPUR: The Asian Development Bank has maintained its 4.7 per cent growth outlook for Malaysia this year but expects the economy to moderate slightly next year.

Malaysia needs immediate housing restructuring

By ZARINA ZAKARIAH - Wednesday, September 23, 2015 - 13:20

KUALA LUMPUR: Malaysia needs a more structured and modernised construction industry before it produces a 'homeless generation' in future, says National House Buyers Association.

CPI rises to 3.1pc in August

By RUPA DAMODARAN - Wednesday, September 23, 2015 - 12:50

KUALA LUMPUR: The Consumer Price Index accelerated to record a 3.1 per cent growth in August compared to a year ago.

FGV exits Dow Jones Islamic Market Index

Wednesday, September 23, 2015 - 11:22

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) is no longer listed on the Dow Jones Islamic Market Malaysia Titans 25 Index.

KL shares open lower

Wednesday, September 23, 2015 - 11:02

KUALA LUMPUR: Bursa Malaysia opened lower today on weaker demand as trading sentiment remained cautious ahead of the release of China’s Caixin purchasing managers’ index (PMI) for September today.

Eco World buys 890ha in Ijok

Wednesday, September 23, 2015 - 11:00

KUALA LUMPUR: ECO World Development Group Bhd is buying 889.5ha in the northwestern Klang Valley corridor for RM1.9 billion to develop three property projects worth an estimated RM15 billion in gross development value.

Klibor futures untraded at 10am

Wednesday, September 23, 2015 - 10:55

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (KLIBOR) futures contracts on Bursa Malaysia Derivatives were untraded as at 10am today.

Ringgit at 4.32 against USD

Wednesday, September 23, 2015 - 10:13

KUALA LUMPUR: The ringgit failed to arrest its continuing decline against the US dollar at the opening today, a dealer said.

Petronas spends RM500m on talent management

Tuesday, September 22, 2015 - 21:55

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) spent about RM500 million on talent management as well as on leadership training and competency building across its 51,000 employees last year.

Malaysia’s reserves rise again after months of decline

Tuesday, September 22, 2015 - 21:51

KUALA LUMPUR: Malaysia’s international reserves rose in the first two weeks of September in a welcome boost to the country’s weakened external position, indicating the central bank may have eased off slightly from defending an embattled ringgit currency.

Alliance Bank to raise RM4 billion

Tuesday, September 22, 2015 - 21:51

KUALA LUMPUR: Alliance Financial Group Bhd’s (AFG) wholly-owned subsidiary, Alliance Bank Malaysia Bhd (Alliance Bank), has announced the establishment of three separate programmes, namely senior medium term notes, subordinated medium term notes and commercial papers programme.

Ecoworld buys land in Selangor for RM1.18b

Tuesday, September 22, 2015 - 21:50

KUALA LUMPUR: Eco World Development Group Bhd is acquiring approximately 880 hectares of leasehold land in Ijok, Kuala Selangor for RM1.18 billion cash.

Heavyweights drag Bursa Malaysia to close lower

Tuesday, September 22, 2015 - 18:27

KUALA LUMPUR: Bursa Malaysia ended slightly lower today due to losses in selected heavyweights.

Ringgit ends lower against US Dollar

Tuesday, September 22, 2015 - 18:12

KUALA LUMPUR: Ringgit ended lower today on broad US dollar strength as players still placed odds of a US Federal Reserve (Fed) rate hike this year on the table.

Asia shares rise, dollar firm on Fed, ECB views

Tuesday, September 22, 2015 - 14:00

SINGAPORE: Asian shares rose on Tuesday and the dollar held steady as U.S. markets bounced back and the European Central Bank said it was prepared to ease monetary policy further.

Boost to Cradle’s co-investment fund

By CHERYL YVONNE ACHU - Tuesday, September 22, 2015 - 11:00

KUALA LUMPUR: CRADLE Fund Sdn Bhd, an agency under the Finance Ministry, has raised a total of RM107.2 million for its co-investment fund following the inclusion of four more partners.

Oil prices dip as traders take profit following sharp jump

Tuesday, September 22, 2015 - 09:00

SINGAPORE: Crude oil prices fell in early Asian trading as traders took profit following a 4 percent rise in the previous session.

Caexpo 2015 a resounding success, say organisers

By Audrey Dermawan - Tuesday, September 22, 2015 - 08:32

NANNING: The just-concluded 12th China-Asean Expo (Caexpo) 2015 has witnessed the completion of a significant number of investment cooperation projects between China and Asean member countries.

Malaysian companies rake more than RM200 mil sales in Caexpo 2015

By Audrey Dermawan - Monday, September 21, 2015 - 20:04

NANNING: Malaysian companies, which participated in the 12th China-Asean Expo (Caexpo) 2015 secured RM214.60 million in actual and potential sales.

Malaysia’s economic reform on track

Monday, September 21, 2015 - 18:43

KUALA LUMPUR: Malaysia's policy measures to strengthen the economy have received endorsement from the three international rating agencies Moody's, Fitch Ratings, and Standard sand Poor's.

1MDB a short-term challenge: Mustapa

By Rupa Damodaran and Muhammed Ahmad Hamdan - Monday, September 21, 2015 - 17:23

KUALA LUMPUR: The debt-ridden 1Malaysia Development Bhd (1MDB) has not created a confidence crisis but it needs closure quickly and be placed behind Malaysians.

1MDB launches Pulau Indah land sale process

Monday, September 21, 2015 - 14:15

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has launched the land sale tender process for the company's land parcel in Pulau Indah.

Scientex’s plan progressing well

By AMIR HISYAM RASID - Monday, September 21, 2015 - 11:00

KUALA LUMPUR: SCIENTEX Bhd’s expansion drive to bolster its consumer packaging segment is on track for completion next year as part of its plan to tap lucrative growth opportunities in the Asia Pacific.

Malaysia’s August inflation may have eased to 2.9pc

Monday, September 21, 2015 - 10:16

KUALA LUMPUR: Malaysia’s inflation may have eased slightly in August to 2.9 per cent year-on-year from 3.3 per cent in July, Standard Chartered Bank Research said today.

Bursa Malaysia opens lower

Monday, September 21, 2015 - 09:58

KUALA LUMPUR: Bursa Malaysia opened lower today on weaker buying sentiment across-the-board on lack of fresh catalysts in the local market. At 9.21 am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 13.65 points lower at 1,655.8 after opening 7.91 points easier at 1,661.54.

Short-term to remain stable on BNM intervention

Monday, September 21, 2015 - 09:54

KUALA LUMPUR: Short-term interbank rates are expected to remain stable today on Bank Negara Malaysia’s (BNM) intervention to absorb excess liquidity from the financial system.