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.
KUALA LUMPUR: Yinson Holdings Bhd has secured a US$39 million (RM127.5 million) contract extension from Addax Petroleum Development (Nigeria) Ltd.
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.
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).
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.
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.
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.
KUALA LUMPUR: SapuraKencana Petroleum Bhd’s valuations are now attractive with the recent selldown of its shares, said DBS Group Research.
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.
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).
KUALA LUMPUR: The three-month Kuala Lumpur Interbank Offered Rate (Klibor) futures contracts closed untraded yesterday on lack of buying interest, dealer said.
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.
KUALA LUMPUR: The ringgit ended higher against the US dollar yesterday on strong buying interest, in sync with most emerging Asian currencies.
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.
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives ended lower yesterday on lack of buying support for the commodity, a dealer said.
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