Business

Ekovest clinches RM6.32b contract

Wednesday, 18 January 2017.

KUALA LUMPUR: Ekovest Bhd won a RM6.32 billion contract tobuild a 75.2km highway linking Kuala Lumpur to Kapar in Selangor.

Latest

Price of rubber gloves to spike as raw material costs surge

By OOI TEE CHING - Thursday, January 19, 2017 - 15:58

KUALA LUMPUR: The Malaysian Rubber Glove Manufacturers Association (Margma) said glove pricing is set to rise as the cost of nitrile and natural latex has surged by more than 55 per cent.

Bank Negara: OPR stays at 3.00 per cent

By RUPA DAMODARAN - Thursday, January 19, 2017 - 15:20

KUALA LUMPUR: As widely anticipated, Bank Negara Malaysia left the Overnight Policy Rate (OPR) unchanged at 3.00 per cent.

M'sian automotive sales slump to lowest level in six years

By GOH THEAN HOWE - Thursday, January 19, 2017 - 14:37

KUALA LUMPUR: Malaysia’s automotive sales have hit their lowest level in six years to 580,124 units in 2016.

Foreign investments pose no harm to domestic elements, says InvestKL CEO

By Farah Adilla - Thursday, January 19, 2017 - 14:06

KUALA LUMPUR: There would not be any cannibalism to domestic elements with continuous inflows of foreign investments, especially from China, said InvestKL chief executive officer Datuk Zainal Amanshah.

MIER lowers M'sia's growth outlook to 4.5 per cent in 2017

By RUPA DAMODARAN - Thursday, January 19, 2017 - 14:02

KUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) has lowered its growth outlook this year to 4.5 per cent, saying external demand is not likely to be as strong as expected.

Axiata raises RM2.7b via stake sale

By LIDIANA ROSLI - Thursday, January 19, 2017 - 11:40

KUALA LUMPUR: AXIATA Group Bhd has raised US$600 million (RM2.7 billion) from its record maiden private placement of a substantial stake in edotco Group.

Ringgit opens slightly lower against US dollar

By Bernama - Thursday, January 19, 2017 - 10:02

KUALA LUMPUR: The ringgit retreated from yesterday’s gains to open slightly lower against the US dollar today on renewed concerns over a possible US interest rate rise, dealer said.

Chicken rice and more: TCRS projects 19pct sales growth this year

By FRANCIS DASS - Wednesday, January 18, 2017 - 13:53

KUALA LUMPUR: TCRS Restaurants Sdn Bhd, operator of 88 The Chicken Rice Shop outlets in Malaysia, expects to see 19 per cent growth in sales in 2017, compared to 2016.

Huashi fund for M101's Skywheel

By John Gilbert - Wednesday, January 18, 2017 - 11:01

KUALA LUMPUR: Integrated property developer M101 Group will receive financial support from China Huashi Enterprise Co Ltd for its iconic M101 Skywheel project following a partnership deal between the two property players yesterday.

Ringgit opens higher against US dollar

By Bernama - Wednesday, January 18, 2017 - 09:47

KUALA LUMPUR: The ringgit continued its upward momentum from yesterday’s close to open higher against the US dollar on Wednesday as more investors shifted interest towards emerging currencies, dealers said.

KL shares higher at opening

By Bernama - Wednesday, January 18, 2017 - 09:43

KUALA LUMPUR, Jan 18 – Shares on Bursa Malaysia opened higher today on bullish sentiment as fears over the Brexit impact eases, dealers said.

Toyo Ink signs MoA with Hau Giang DONRE, confirm Vietnam power plant project

By Business Times - Wednesday, January 18, 2017 - 01:45

KUALA LUMPUR: Toyo Ink Group Bhd yesterday inked a memorandum of agreement (MoA) with the Department of Natural Resources and Environment of Hau Giang Province (Hau Giang DONRE) in Vietnam.

Shahrir: US$505.4mil Eagle High stake buy is funded by gov't

By Ooi Tee Ching and Zafira Anwar - Tuesday, January 17, 2017 - 23:35

KUALA LUMPUR: We are not using the money from the stake sale in Maybank to help pay for the stake buy in Indonesia’s PT Eagle High Plantations Tbk, said newly-appointed Federal Land Development Authority (Felda) chairman Tan Sri Shahrir Abdul Samad.

FMC: Ringgit stable amid declining exchange rate volatility

By Bernama - Tuesday, January 17, 2017 - 21:36

KUALA LUMPUR: The ringgit has been stable amidst global uncertainties and developments in the United States as markets anticipate policy details by the incoming Donald Trump administration.

Asia traders wary before May speech, Trump inauguration

By AFP - Tuesday, January 17, 2017 - 17:43

Carrier to 'go posh' as it focuses on tackling cost, strengthening products

Tuesday, January 17, 2017 - 14:05

Excerpts from the final part of a NST Business interview with Malaysia Airlines Bhd (MAS) group managing director and chief executive officer Peter Bellew.

MAS targets profit by 2018, brand improvement

By BILQIS BAHARI - Tuesday, January 17, 2017 - 14:04

KUALA LUMPUR: Malaysia Airlines Bhd (MAS) enters the Year of the Rooster with two main goals — to break even by end of this year and be profitable next year while rebuilding its brand as the national carrier of Malaysia.

Small caps set to rule

By AMIR HISYAM RASID - Tuesday, January 17, 2017 - 14:01

KUALA LUMPUR: Small-cap stocks will likely outperform the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) with a double-digit growth this year, said analysts.

Morale, confidence slowly returning after difficult times, says MAS boss

By BILQIS BAHARI - Tuesday, January 17, 2017 - 14:01

KUALA LUMPUR: Peter Bellew, 51, the affable group managing director and chief executive officer of Malaysia Airlines Bhd (MAS), is happy to see smiles returning to the faces of staff at the national carrier .

Foreigners turn net buyers with RM382.8m in transactions

Tuesday, January 17, 2017 - 14:00

KUALA LUMPUR: Foreign investors are making a comeback to the local equity market with foreigners mopping up RM382.8 million net last week, the highest since the third week of September.

RM30 million fund set up to mechanise oil palm fruit harvesting

By OOI TEE CHING - Tuesday, January 17, 2017 - 12:55

KUALA LUMPUR: Malaysia is establishing a RM30 million fund to improve the mechanisation of oil palm fruit harvesting, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said.

Perodua records all-time high market share in 2016

By ZARINA ZAKARIAH - Tuesday, January 17, 2017 - 12:39

KUALA LUMPUR: Perusahaan Otomobil Kedua Sdn Bhd (Perodua) recorded an all-time high market share of 35.7 per cent in 2016 despite a lower sales volume of 207,100 units compared to 213,000 units in 2015.

EPF: RM59 billion taken up for Simpanan Shariah 2017

By SURESHRAM BALARAM - Tuesday, January 17, 2017 - 12:33

KUALA LUMPUR: A total of RM59.03 billion of the initial RM100 billion fund allocated for Simpanan Shariah 2017 have been snapped up by 635,037 Employee Provident Fund (EPF) members.

Ringgit opens lower against US dollar

By Bernama - Tuesday, January 17, 2017 - 10:05

KUALA LUMPUR: The ringgit extended losses from Monday to open lower against the US dollar today on growing concerns over expected comments from US Federal Reserve officials later this week, dealers said.

HIL Industries flexes into property sector

By NST ONLINE - Monday, January 16, 2017 - 23:45

KUALA LUMPUR: HIL Industries Bhd is flexing its way into the property sector, acquiring two companies with approved proposed development projects in Selangor with a combined gross development value (GDV) of RM375.2 million.

Mudajaya expects 2016 earnings to be impacted by KLRCA decision

By NST ONLINE - Monday, January 16, 2017 - 23:01

KUALA LUMPUR: Mudajaya Group Bhd, currently on an adjudication claim to seek more than RM175 million from CMC Machipex Sdn Bhd, expects the Kuala Lumpur Regional Centre For Arbitration (KLRCA) decision to have a negative impact of RM98.35 million on the group’s earnings.

Saudi carrier flynas signs US$8.6b deal for 80 Airbus A320 planes

By AFP - Monday, January 16, 2017 - 20:00

RIYADH: Low-cost Saudi carrier flynas on Monday signed an US$8.6 billion deal with European plane manufacturer Airbus to purchase 80 A320neo single-aisle jets.

Ringgit ends at 4.46 against USD

By Bernama - Monday, January 16, 2017 - 18:38

KUALA LUMPUR: The ringgit ended lower against the US dollar today in line with its Asian peers as sentiment turned cautious ahead of comments from Federal Reserve (Fed) officials this week, dealers said.

MASwings to temporarily reduce flights for refurbishment exercise

By Kristy Inus - Monday, January 16, 2017 - 17:06

KOTA KINABALU: Regional carrier MASwings Sdn Bhd will undergo a slight frequency reduction of between three and five per cent (for its 569 weekly flights) to facilitate refurbishment of its planes while on the ground.

Shell confirms technical glitch at Shell stations nationwide

By Bernama - Monday, January 16, 2017 - 16:06

KUALA LUMPUR: Shell Malaysia today confirmed that it is currently experiencing technical difficulties with its site system at Shell stations, nationwide.