Business

BHIC swings back into black with RM76.7m profit

By NST Business - Saturday, 25 February 2017.

KUALA LUMPUR: BOUSTEAD Heavy Industries Corp Bhd (BHIC) is bullish about its outlook, given the strong turna-round last year and a recent contract to supply littoral mission ships to the navy.

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RHB aims to boost retail, SME segments, trim corporate loan exposure

By LIDIANA ROSLI - Saturday, February 25, 2017 - 13:08

KUALA LUMPUR: RHB Bank Bhd aims to trim its corporate loans exposure to 25 per cent by 2020 to improve the sustainability for its retail and small and medium enterprises (SME) segments.

RM expected to trade between 4.42 and 4.43 against USD next week

By Bernama - Saturday, February 25, 2017 - 11:35

KUALA LUMPUR: The ringgit is expected to trade higher, averaging between 4.42 and 4.43 next week, supported by expectations that the US Federal Reserve will not raise interest rates next month.

Grace Yeoh appointed to Bursa Malaysia board of directors

By NST Business - Friday, February 24, 2017 - 23:08

KUALA LUMPUR: Bursa Malaysia Bhd today announced the appointment of Datin Grace Yeoh Cheng Geok as the Independent Non-Executive Director to its Board of Directors lineup, effective February 24, 2017.

Scomi records RM6.17m net loss

By ZARINA ZAKARIAH - Friday, February 24, 2017 - 20:22

KUALA LUMPUR: Scomi Group Bhd has recorded its third consecutive quarter in the red, with a net loss of RM6.17 million for the quarter ended December 31, 2017 on falling revenue and profit.

Gov't assures implementation of MSPO certification practical, financial aid for smallholders

By OOI TEE CHING - Friday, February 24, 2017 - 20:02

PUTRAJAYA: Financial aid is being prepared for smallholders by June 2017 to push for the implementation of the government-driven Malaysian Sustainable Palm Oil (MSPO) certification.

RHB reports increase in 2016 financial year net profits

By LIDIANA ROSLI - Friday, February 24, 2017 - 15:28

KUALA LUMPUR: RHB Bank Bhd reported an increase of one per cent for its 2016 financial year net profits to RM1.68 billion.

Maybank Q4 net profit surges 43pc

By LIDIANA ROSLI - Friday, February 24, 2017 - 14:53

KUALA LUMPUR: MALAYAN Banking Bhd’s (Maybank) solid performance in the fourth quarter (Q4) ended December 31 last year suggests the worst is over and that it is heading for a rosy year.

Axiata posts lower profit of RM564m

By FRANCIS DASS - Friday, February 24, 2017 - 14:43

KUALA LUMPUR: AXIATA Group Bhd’s net profit dropped 77 per cent to RM564 million for the financial year ended December 31 2016 from RM2.55 billion previously. This is despite the group posting a record RM21.56 billion revenue, a growth of 8.4 per cent from RM19.8 billion in 2015.

RHB Islamic, Teraju, embark on entrepreneurial development programme

By LIDIANA ROSLI - Friday, February 24, 2017 - 13:11

PETALING JAYA: RHB Islamic Bhd marks another milestone in its ongoing collaboration with Unit Peneraju Agenda Bumiputera (Teraju) by signing a memorandum of understanding (MoU) with the latter's unit under purview, Institut Keusahawanan Negara (INSKEN).

Samsung Malaysia links up with local banks for 'Samsung Pay'

By Farah Adilla - Friday, February 24, 2017 - 13:09

KUALA LUMPUR: Samsung Malaysia Electronics today announced its partnership with several local banks as part of its Samsung Pay ecosystem in Malaysia.

Ringgit firmer versus greenback in early trade

By Bernama - Friday, February 24, 2017 - 10:13

KUALA LUMPUR: The ringgit extended yesterday’s gains to open firmer this morning as sentiment was positively influenced by the possible US interest rate hike soon, dealers said.

Strategies help sustain Media Prima growth

By NST Business - Thursday, February 23, 2017 - 23:55

KUALA LUMPUR: Media Prima Bhd’s move to optimise printing plant capacity and unlock potential cost savings while investing in digital expansion has helped sustain the group’s long-term growth.

Prasarana honoured for public transport infrastructure initiative

By NST ONLINE - Thursday, February 23, 2017 - 15:56

KUALA LUMPUR: Prasarana Malaysia Bhd’s (Prasarana) contribution in the transportation sector was given recognition by the prestigious Middle East Business Leaders Awards (MEBLA).

Malaysia Airlines becomes first local carrier to earn IATA Fast Travel Green cert

By NST ONLINE - Thursday, February 23, 2017 - 15:55

SEPANG: Malaysia Airlines became the first Malaysian carrier to receive the International Air Transport Association (IATA) Fast Travel Green certificate.

SP Setia aims high for 2017, targets RM4 billion in sales

By ZARINA ZAKARIAH - Thursday, February 23, 2017 - 15:50

KUALA LUMPUR: SP Setia Bhd is setting its sights high for 2017 as it eyes target sales of RM4 billion, with 77 per cent expected to be derived from local projects.

Axiata Group reports RM309.4m loss in Q42016

By FRANCIS DASS - Thursday, February 23, 2017 - 15:36

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.

Maybank maintains cautious approach in 2017, but remains confident

By LIDIANA ROSLI - Thursday, February 23, 2017 - 14:19

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.

Disrupting the disrupters: Singapore rattles sharing economy with rule change

By Reuters - Thursday, February 23, 2017 - 13:27

SINGAPORE: Singapore, a keen early adopter of the sharing economy, has fired a warning shot across the bow of Airbnb and Uber with tighter rules that could shake up their business models and growth ambitions in Asia.

Bhubaneswar, India's 'temple city' is AirAsia's latest destination

By NST ONLINE - Thursday, February 23, 2017 - 11:49

SEPANG: The ‘Temple City of India’ - Bhubaneswar in the state of Odisha, is the latest destination that AirAsia is offering to travelers, come April 26, 2017.

Plantation commodity exports rise to RM122b

By OOI TEE CHING - Thursday, February 23, 2017 - 11:01

PUTRAJAYA: Malaysia raked in RM121.99 billion from plantation commodity exports last year, thanks to slight improvement in the average pricing of palm oil, rubber and cocoa.

Ringgit higher versus greenback

By Bernama - Thursday, February 23, 2017 - 10:47

KUALA LUMPUR: The ringgit was higher at today’s opening on positive market sentiment that provided it the support, a dealer said.

Nissan CEO Carlos Ghosn to step down, stay as chairman

By AFP - Thursday, February 23, 2017 - 09:06

TOKYO: Nissan boss Carlos Ghosn will step down as chief executive at the Japanese automaker, but will remain chairman as he focuses on its alliance with Renault and Mitsubishi, the company said Thursday.

Tesla says Model 3 on track for volume production by September

By Reuters - Thursday, February 23, 2017 - 09:02

SAN FRANCISCO: Tesla Inc said on Wednesday its mass-market Model 3 sedan was on track for volume production by September, encouraging investors who see the electric vehicle as the avenue to profitability for the young company.

Petronas cost-cutting measures producing results

By A. Jalil Hamid - Wednesday, February 22, 2017 - 13:21

KUALA LUMPUR:PETROLIAM Nasional Bhd’s (Petronas) response to falling oil prices over the last few years has produced the desired results, said president and group chief executive officer Datuk Wan Zulkiflee Wan Ariffin.

Prasarana to train Jakarta MRT drivers

By Business Times - Wednesday, February 22, 2017 - 12:41

KUALA LUMPUR: Prasarana Malaysia Bhd, operator of Mecca’s Al Mashaaer Al Mugaddassah Metro Southern Line (MMMSL) in Saudi Arabia, has secured another international job, this time to provide training for train drivers and operation control centre staff of Jakarta’s Mass Rapid Transit (MRT) syste

RM750m mixed development on MCOBA LAND

By AMIR HISYAM RASID - Wednesday, February 22, 2017 - 12:35

UEM Sunrise Bhd will turn a 1.07ha site that currently houses the Malay College Old Boys Association (MCOBA) building in Jalan Syed Putra, here, into a mixed development with gross development value of more than RM750 million .

US oil holds near seven-week high; OPEC upbeat on output curbs

By Reuters - Wednesday, February 22, 2017 - 10:26

TOKYO: US oil prices held near seven-week highs on Wednesday after OPEC signaled optimism over its deal with other producers including Russia to curb production and clear a glut that has weighed on the market since 2014.

Ringgit unchanged against US dollar at opening

By Bernama - Wednesday, February 22, 2017 - 09:49

KUALA LUMPUR: The ringgit opened unchanged against the US dollar in early trade today, as traders were cautious ahead of the US Federal Reserve’s (Fed) meeting, a dealer said.

Petronas signs contract with Chinese consortium for Flexi-HDPE plant

By Bernama - Tuesday, February 21, 2017 - 23:27

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has signed the engineering, procurement, construction and commissioning (EPCC) contract for Pengerang Integrated Complex (PIC)’s Flexible High-Density Polyethylene (Flexi HDPE) plant.

KL remains top choice for commercial investment, development

By Bernama - Tuesday, February 21, 2017 - 16:35

KUALA LUMPUR: Kuala Lumpur remains the top choice for commercial investment or development, followed by Selangor, (23 per cent), Penang (17 per cent), Johor (20 per cent) and Sabah (11 per cent), said Knight Frank Malaysia.