KUALA LUMPUR: CIMB Group Holdings Bhd today announced the appointment of Afzal Abdul Rahim as independent director of CIMB Bank Bhd, effective June 29, 2016.
KUALA LUMPUR: Malaysia Aviation Group (MAG) and Malaysia Airlines Bhd (MAB) new managing director and chief executive officer (CEO), Peter Bellew says he is on track to fix the financially-beleaguered airline albeit having to weather through many interesting turns.
KUALA LUMPUR: The headline Purchasing Manufacturing Purchasing Managers' Index posted 47.1 in June, marginally lower than the reading in May.
SEPANG: Transport Minister Datuk Seri Liow Tiong Lai has urged Malaysia Airports Holdings Bhd (MAHB) and AirAsia Bhd to work together to promote Kuala Lumpur International Airport 2 (klia2) as a low-cost hub in Asia.
KUALA LUMPUR: Exports from Malaysia were lower by an annualised 0.9 per cent in May while imports rose 3.1 per cent.
KUALA LUMPUR: The question of renegotiating the Trans Pacific Partnership (TPP) agreement does not arise even if there are such indications by United States presidential candidates, said International Trade and Industry secretary-general Tan Sri Dr Rebecca Fatima Sta Maria.
KUALA LUMPUR: There was a roar of approval when Peter Bellew was named Malaysia Airlines Bhd (MAB) managing director and chief executive officer (CEO) in a town hall meeting at the airline’s headquarters yesterday.
KUALA LUMPUR: The ringgit extended its uptrend against the US dollar on the first day of the second half of the year touching the 3.9 level at the opening as currency markets continued to stabilise after the Brexit surprise.
NEW YORK: US chocolate candy maker Hershey said Thursday it had rejected a US$23 billion takeover bid from snack-food giant Mondelez, whose brands include Cadbury chocolate bars and Lu cookies.
KUALA LUMPUR: The Malaysian financial market remains resilient and continues to operate in an orderly manner, said Bank Negara Malaysia.
KUALA LUMPUR: Malaysia’s pilgrimage fund board, Lembaga Tabung Haji, has appointed Datuk Johan Abdullah as the Group Managing Director and Chief Executive Officer effective July 1.
KUALA LUMPUR: The World Bank says Malaysia's economy has remained resilient to external headwinds.
PUTRAJAYA: Electricity tariffs in Peninsular Malaysia, Sabah and Labuan remain unchanged until year-end, but natural gas tariffs for the non-power sector will be raised by 5.95 per cent effective July 15.
KUALA LUMPUR: Malaysia Airlines Bhd (MAB) is expected to announce its new chief executive officer (CEO) as early as today.
KUALA LUMPUR: The ringgit continued its uptrend against the US dollar in opening higher today and in line with other Asian currencies, as the shock over the United Kingdom’s (UK) decision to leave the European Union (EU) last week, gradually dimmed.
PETALING JAYA: Glove-makers have no choice but to absorb the sudden additional cost as the government, in a couple of weeks, will raise the price of natural gas.
KUALA LUMPUR: Malaysia and Indonesia will hold their second joint trade and investment committee meeting tomorrow, after a lapse of eight years.
SEPANG: Malaysia Airports Holdings Bhd (MAHB) is using the 'wait-and-see' approach on the outcome of AirAsia's meeting with the Ministry of Transport (MoT) on the branding issue of Kuala Lumpur International Airport 2 (klia2).
KUALA LUMPUR: With its restructuring exercise nearing completion, RHB Bank Bhd yesterday assumed RHB Capital Bhd’s (RHBCap) listing on the Main Market of Bursa Malaysia with a commendable debut.
KUALA LUMPUR: The Employees Provident Fund (EPF) is keen to participate in the development of the land in Batu Kawan, Penang, recently acquired by Eco World Development Group Bhd.
KUALA LUMPUR: The ringgit opened higher against the US dollar today as the currency market slowly returned to stability, dealers said.
KUALA LUMPUR: Maybank Islamic Bhd aims to contribute up to RM10 million in its debut waqf fund, which is also a collaboration with the Perak Religious Council (MAIP) via the Waqf Perak Ar-Ridzuan (WPAR).
KUALA LUMPUR: The odds for Bank Negara Malaysia to ease its monetary policy have increased following the near-term risks from United Kingdom's exit from the European Union, says UOB Bank.
KUALA LUMPUR: Eco World Development Group Bhd has reaffirmed its commitment to the Penang market with the acquisition of two parcels of land measuring 374.5 acres in Batu Kawan, Penang for RM875.24 million.
PETALING JAYA: Panasonic Group today inked a strategic collaboration with Tropicana Corp Bhd to build houses in Tropicana Aman, a new township development in Kota Kemuning, Shah Alam.
KUALA LUMPUR: Bursa Malaysia slipped 0.27 per cent while the ringgit eased 0.16 per cent against the US dollar yesterday as uncertainty looms over Britain’s move to leave the European Union.
KUALA LUMPUR: Malaysia will monitor the unfolding events in the next two years as Britain heads out of the European Union (EU).
KUALA LUMPUR: The ringgit opened lower against the US dollar today as uncertainty in the post-Brexit era prompted speculation that regional central banks may cut interest rates, dealers said.
PUTRA HEIGHTS: Prasarana Malaysia Bhd has kept within the RM8 billion budget for construction and completion of its Kelana Jaya and Ampang LRT line extension project.
KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB), a wholly-owned unit of Permodalan Nasional Bhd (PNB), has announced income distributions of 6.30 sen per unit for Amanah Saham Didik (ASD) and 3.45 sen per unit for Amanah Saham Nasional 2 (ASN 2), for financial year ending June 30, 2016.
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