KUALA LUMPUR: Axiata Group Bhd reported a RM309.4 million loss in the final quarter of 2016, in contrast to a net profit of RM467.2 million that the company reported in 4Q2015.
KUALA LUMPUR: Malaysia's largest banking group by assets, Maybank Group, reports a slight decrease in its 2016 net profit to RM6.74 billion, from RM6.84 billion the year before.
KUALA LUMPUR: MyHSR Corp Sdn Bhd and the Land Transport Authority (LTA) of Singapore have awarded the Joint Development Partner (JDP) contract for the Kuala Lumpur-Singapore high speed rail (HSR) project to the consortium of WSP Engineering Malaysia Sdn Bhd, Mott MacDonald Malaysia Sdn Bhd and Ernst
PUTRAJAYA: A legal team of six people, including foreign experts, has been formed to fight Malaysia's case in the Pulau Batu Puteh issue at the International Court of Justice (ICJ).
KUALA LUMPUR: I-Berhad, which is developing the RM9 billion i-City project in Shah Alam, Selangor posted a pre-tax profit of RM88.2 million for the financial year just ended 31 December 2016, representing 61.9 percent growth over the previous year.
THIS is an excerpt of an exclusive interview with Agrobank president and chief executive officer Datuk Wan Mohd Fadzmi Wan Othman.
KUALA LUMPUR: The Malaysian economy expanded by 4.5 per cent in the fourth quarter of 2016, led by private sector activities.
KUALA LUMPUR: RAM Rating Services Bhd has forecast gross domestic product (GDP) growth of 4.5 per cent for Malaysia this year, thus representing a "delicate recovery".
KUALA LUMPUR: Growth of trade dependent economies like Malaysia will be impacted this year by the potential protectionist US policies and the economic stability of the EU, says UOB Bank.
KUALA LUMPUR: The ringgit opened unchanged against the US dollar, prompted by demand for the local currency although traders were adopting a cautious mode, a dealer said.
THE annual 50 million tonnes of palm oil trade contributes some US$39 billion (RM172 billion) to gross domestic product (GDP) of the global economy, says Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong.
KUALA LUMPUR: Despite external uncertainties, Malaysia's trade remained resilient for 2016 with a total of RM1.485 trillion.
KUALA LUMPUR: CONSTRUCTION stocks were in focus on the local bourse yesterday, as investors returning from the Chinese New Year break bet on the sector’s bright prospects given major infrastructure projects in the pipeline.
THE development of the Tok Bali Industrial Park (TBIP), a new industrial centre, is expected to transform Tok Bali as Kelantan’s new growth area for investment.
KUALA LUMPUR: FOREIGN holdings of Malaysian bonds, particularly Malaysian government papers, which have risen to significant levels in recent times, are likely to pose a liquidity risk this year.
M'sia to see slowdown in consumption growth, reasons include 'soggy' ringgit, debt overhang: Economist
KUALA LUMPUR: Slower consumption growth in both Thailand and Malaysia are likely to cause some drag on the regional domestic demand outlook for 2017.
KUALA LUMPUR: There has been some high profile reshuffling at Proton Holdings Bhd, amid reports that a Chinese carmaker is edging closer towards becoming its foreign partner.
KUALA LUMPUR: Sime Darby Bhd could raise more than RM27 billion from the listings of its plantation and property companies while maintaining controlling stakes in them, analysts estimate.
KUALA LUMPUR: Malaysians are planning to spend nine per cent more this year on Lunar New Year festivities, according to United Overseas Bank (Malaysia) Bhd (UOB Malaysia).
BEIJING: China offers “an anchor of stability and growth” in an uncertain world with its support for reform, openness and free trade, Premier Li Keqiang wrote in an article in Bloomberg Businessweek published on Thursday.
KUALA LUMPUR: FELDA’S latest acquisition, Indonesian planter PT Eagle High Plantations, is set to turn around in 2017 and chalk up high profits going forward, a major research house said.
KUALA LUMPUR: PT Eagle High Plantations’ potential earnings rise and Felda’s acquisition could be a catalyst for unlocking the Indonesian firm’s share price, said PT RHB Securities Indonesia.
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.
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.
KUALA LUMPUR: A RM100 million fund for biotechnology companies to take their businesses global has been launched at Bank Negara Malaysia’s (BNM) Karnival Kewangan here yesterday.
KUALA LUMPUR: The medical device sector has responded well to Malaysian Investment Development Authority’s (Mida) call to apply for grants under the Domestic Investment Strategic Fund (DISF).
KUALA LUMPUR: Khazanah Nasional Bhd's unaudited pre-tax profit rose 32 per cent to RM1.56 billion last year, from RM1.18 billion in 2015.
KUALA LUMPUR: NATIONAL oil firm Petroliam Nasional Bhd (Petronas) is expected to rein in capital expenditure (capex) this year.
KUALA LUMPUR: Property and education player, Paramount Corporation Bhd entered into an agreement to acquire a 66 per cent stake in REAL Education Group from Character First Sdn Bhd for RM183 million.
KUALA LUMPUR: THE ringgit can rebound from its current low when there is more positive development in the external sector, said economists.
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