KUALA LUMPUR: The ringgit opened sharply lower against the US dollar today ahead of the release of the US non-farm jobs data on Friday, a dealer said.
WASHINGTON: The huge back-tax bill European authorities slapped on Apple has put a spotlight on US$2.4 trillion in untaxed earnings parked offshore by US companies, a tempting target for governments seeking to strengthen their finances.
JOHOR BARU: Exclusive water provider in Johor, SAJ Holdings Sdn Bhd, is planning to obtain an allocation of RM900 million in capital expenditure (Capex) from Pengurusan Aset Air Bhd (PAAB) for its fourth operating period (OP4) which would commence in January 2018.
KUALA LUMPUR: Telekom Malaysia Bhd (TM) has revised upwards its capital expenditure (capex) this year to between 30 and 35 per cent, from the earlier 25 to 30 per cent.
KUALA LUMPUR: Axiata Group Bhd has defended Celcom Axiata Bhd’s new chief executive officer Michael Kuehner amid criticism over the appointment of a foreigner to head the subsidiary.
KUALA LUMPUR: Telekom Malaysia Bhd (TM) has revised upwards its planned capital expenditure (capex) this year to 30 to 35 per cent of revenue this year from the previous guidance of 25 to 30 per cent.
KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) expects better performance in the second half of the year, supported by higher selling prices of crude palm oil (CPO) due to supply shortages resulting from El Nino.
KUALA LUMPUR: The ringgit opened lower against the US dollar today on a lack of catalysts, said a dealer.
KUALA LUMPUR: UEM Edgenta Bhd remains bullish about its prospect, saying it is well positioned to win some of the RM150 billion of key infrastructure projects.
KUALA LUMPUR: Malaysian households appeared to be doing better in 2014 compared to two years before that, said Khazanah Research Institute managing director Datuk Charon Mokhzani.
KUALA LUMPUR: CIMB Group Holdings Bhd (CIMB Group) has revised its loan growth target this year from the initial 10 per cent to between six to seven per cent.
KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) has registered a 34.9 per cent increase in net profit to RM62.21 million for the second quarter ended June 30, 2016.
GEORGE TOWN: Leading property developer UDA Holdings Bhd has resolved all issues with Tanjung Tokong villagers and has begun the groundwork for its mixed-development project here.
KUALA LUMPUR: The ringgit opened lower against the US dollar today on renewed expectations of a US interest rate hike, said a dealer.
KUALA LUMPUR: Malayan Banking Bhd (Maybank) has neither denied nor confirmed the validity of a 'leaked' list of 27 Maybank branches supposedly to be closed down.
KUALA LUMPUR: The ringgit is expected to strengthen against the US dollar next week on the back of a softer greenback and oil price recovery, a dealer said.
KUALA LUMPUR: YFG Bhd's substantial shareholder General Technology Sdn Bhd (GTSB), will push for shareholders to vote for the removal of the entire board of directors of YFG, saying the company has deteriorated significantly since the beginning of the year.
KUALA LUMPUR: Amanah Saham Nasional Bhd, a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), today announced a 6.30 sen dividend for a unit of the Amanah Saham Wawasan 2020 (ASW) for the year ending August 2016.
KUALA LUMPUR: Both Malaysia and the Gulf Cooperation Council (GCC) have yet to come up with a framework outlining a free trade agreement says International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
KUALA LUMPUR: Axiata Group Bhd has revised upwards its capital expenditure (capex) for this year to near RM6 billion from RM5.7 billion previously.
KUALA LUMPUR: The ringgit opened unchanged against the US dollar, in early trade, as investors and traders awaited for hints on a potential US interest rate hike, later today.
SEOUL: A senior executive of South Korea’s Lotte Group has died, the country’s fifth-largest family-run conglomerate said on Friday, amid a sweeping criminal probe into the business.
KUALA LUMPUR: Maybank Group recorded a slight decline in its net profit to RM2.59 billion for the first half ended June 30, compared to the same period last year at RM3.28 billion.
KUALA LUMPUR: Axiata Group Bhd’s net profit slumped 69.1 per cent to RM188.93 million in the second quarter ended June 30, 2016 from RM610.76 million recorded a year ago due to a foreign exchange (forex) loss of RM300 million and the additional cost of Ncell Pte Ltd’s acquisition.
KUALA LUMPUR: RHB Bank Bhd remains confident of its outlook despite a challenging economic landscape due to stronger capitalisation, leaner organisation and greater efficiency.
KUALA LUMPUR: The ringgit snapped a three-day losing streak to open higher against the US dollar today, as the market awaits any potential hint on a US interest rate hike tomorrow, a dealer said.
KUALA LUMPUR: RHB Bank Bhd's RM915.1 million net profit in the first half of 2016 fell 15 per cent from RM1.07 billion posted a year ago, dragged by a corporate bond impairment in Singapore, said RHB Banking Group managing director Datuk Khairussaleh Ramli.
KUALA LUMPUR: Mass Rapid Transit Corp (MRT Corp) Sdn Bhd has awarded a RM1.01 billion work package for the MRT Sungai Buloh-Serdang-Putrajaya (SSP) Line to CCCC-George Kent Joint Venture.
KUALA LUMPUR: Malaysia's research and development intensity is relatively low at 1.13 per cent when compared to the top five research-intensive countries, namely South Korea, Israel, Japan, Sweden and Finland.
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