Business

MAHB eyeing full control?

By BILQIS - Tuesday, 21 October 2014.

MALAYSIA Airports Holdings Bhd (MAHB) may end up with full control of Istanbul’s second-largest airport if it exercises its right to buy the remaining 40 per cent stake it does not own in a deal that could cost about RM1.2 billion.

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‘A boost to investor confidence’

Wednesday, October 22, 2014 - 23:29

MALAYSIA’S higher score in Asian Corporate Governance Association’s (ACGA) latest corporate governance report will reinforce investor confidence and help inspire a stronger culture of corporate governance here, said Bursa Malaysia chief executive officer Datuk Tajuddin Atan.

Asia Herbal expands operations to Indonesia

Wednesday, October 22, 2014 - 23:29

KUALA LUMPUR: Asia Herbal Biotech Sdn Bhd (AHB) has expanded its operation overseas with the opening of its first office, PT Asia Herbal Biotech, in Jakarta.

DiGi third quarter net profit climbs 8.5pc

By ZARINA ZAKARIAHKUALA - Tuesday, October 21, 2014 - 00:12

DIGI.Com Bhd’s net profit rose 8.5 per cent to RM487 million in the third quarter ending September 30 2014 from RM448.7 million, fuelled by growth in service revenue and efficient cost structure.

Yinson secures US$39m Addax deal extension

Tuesday, October 21, 2014 - 00:10

KUALA LUMPUR: Yinson Holdings Bhd has secured a US$39 million (RM127.5 million) contract extension from Addax Petroleum Development (Nigeria) Ltd.

Charge GST when in doubt, businesses told

Tuesday, October 21, 2014 - 00:10

KUALA LUMPUR: Businesses are advised to charge Goods and Services Tax (GST) when unclear on tax-exempt and zero-rated items to avoid being penalised, said Deloitte GST director Wong Poh Geng. 

AIS sees better earnings

By OOI TEE CHINGSHAH - Tuesday, October 21, 2014 - 00:08

AMALGAMATED Industrial Steel Bhd (AIS), which have been in the red for six years, is hopeful of narrowing loss this year as it sells its pipes at higher prices, following the government’s slapping of anti-dumping tax on select imported hot-rolled coils (HRC).

‘Bulk of foreign selling over’

By CHERYL YVONNE ACHUKUALA - Tuesday, October 21, 2014 - 00:06

THE overhang of “hot” foreign liquidity in Malaysia has reduced significantly, although foreign funds are net sellers of local equities with RM3.8 billion sold so far this year, reversing the RM3 billion net inflow for the whole of 2013.

Bursa Q3 profit up 14.9pc

Tuesday, October 21, 2014 - 00:05

KUALA LUMPUR: Bursa Malaysia Bhd’s net profit grew 14.9 per cent to RM53.1 million in the third quarter ended September 30 from RM46.2 million a year ago, backed by an increase in both trading and non-trading revenues.

CIMB PE buys 10pc stake in PT Modern

Tuesday, October 21, 2014 - 00:03

KUALA LUMPUR: CIMB Private Equity (CIMB PE) is buying a 10 per cent stake in PT Modern Internasional Tbk, the listed retail operator and owner of the 7-Eleven convenience store franchise in Indonesia.

Good valuations for SapuraKencana

Tuesday, October 21, 2014 - 00:02

KUALA LUMPUR: SapuraKencana Petroleum Bhd’s valuations are now attractive with the recent selldown of its shares, said DBS Group Research.

Slips below US$86

Monday, October 20, 2014 - 23:55

LONDON: Brent crude slipped below US$86 a barrel yesterday, resuming a downward move that took the global oil benchmark to near a four-year low last week as supply overwhelmed weak demand in several key markets.

KLTM increases by US$100

Monday, October 20, 2014 - 23:54

KUALA LUMPUR: The Kuala Lumpur Tin Market (KLTM) rose US$100 to close at US$19,400 a tonne yesterday in tandem with the firmer London Metal Exchange (LME).

Klibor futures untraded

Monday, October 20, 2014 - 23:53

KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contracts closed untraded yesterday on lack of buying interest, dealer said.

Gold futures end higher

Monday, October 20, 2014 - 23:51

KUALA LUMPUR: Gold futures contracts on Bursa Malaysia Derivatives closed higher as the slide in European stocks boosted interest in the precious metal as an alternative asset.

Ringgit rises against US$

Monday, October 20, 2014 - 23:50

KUALA LUMPUR: The ringgit ended higher against the US dollar yesterday on strong buying interest, in sync with most emerging Asian currencies.

Up in line with TOCOM

Monday, October 20, 2014 - 23:50

KUALA LUMPUR: The Malaysian rubber market ended higher yesterday boosted by a series of measures announced by the Thailand government to help rubber farmers in the country.