Business

‘No Track 4A re-tender’

Saturday, 26 July 2014.

JOHOR POWER PLANT: TNB, SIPP sign non-binding pact, but details still to be finalised

Latest

Market set for Raya breather

Saturday, July 26, 2014 - 00:42

ZAIDI ISHAM ISMAIL

Only 2pc of eligible firms have registered for GST

Saturday, July 26, 2014 - 00:37

PUTRAJAYA: The registration drive for the Goods and Services Tax (GST) has kicked off on a sluggish start as only two per cent of the 300,000 potential registrants have signed up with the Customs Department.

S&P upbeat on Malaysia’s outlook

Saturday, July 26, 2014 - 00:36

SOVEREIGN ratings agency Standard and Poor’s (S&P) is encouraged by the government’s announcement of the Goods and Services Tax (GST) and subsidy rationalisation programme.

Heng Huat to grow on China’s briquette market

Saturday, July 26, 2014 - 00:36

KUALA LUMPUR: Heng Huat Resources Group Bhd, which debuted on the ACE Market of Bursa Malaysia yesterday, is banking on the robust briquette market in China to help it achieve a 10 per cent increase in revenue by year-end.

Plenitude to buy hotel in Penang

Saturday, July 26, 2014 - 00:35

KUALA LUMPUR: Plenitude Bhd’s wholly-owned subsidiary Plenitude International Sdn Bhd has sealed a sale and purchase agreement with the Employees Provident Fund to buy a 259-suite hotel, known as the Gurney Resort Hotel & Residences in Penang, for RM160 million.

Infinite, Albedo terminate land deal

Saturday, July 26, 2014 - 00:35

KUALA LUMPUR: Infinite Rewards Inc has signed an agreement with Albedo Ltd to terminate the sales and purchase agreement (SPA) relating to parcels of land in Iskandar Malaysia.

Cornerstone investors for Reach Energy

Saturday, July 26, 2014 - 00:35

KUALA LUMPUR: Reach Energy Bhd, en route to Bursa Malaysia, says its cornerstone investors as disclosed in its prospectus are Chua Sai Men, CIMB-Principal Asset Management Bhd, Hong Leong Asset Management Bhd, Lembaga Tabung Haji, MKW Jaya Sdn Bhd, MTD Capital Bhd and Poh Yang Hong.

Miti aborts review on newsprint anti-dumping import duties

Saturday, July 26, 2014 - 00:29

KUALA LUMPUR: The International Trade and Industry Ministry (Miti) has discontinued an administrative review to determine whether anti-dumping duties should be imposed on newsprint rolls imports.

GSC will continue to expand footprint

Saturday, July 26, 2014 - 00:28

GOLDEN Screen Cinemas Sdn Bhd (GSC), Malaysia’s leading film exhibitor and distributor, will continue its expansion plan with the setting up of four new cinemas by year-end, says GSC chief executive officer Koh Mei Lee.

HLIB keeps ‘buy’ call on MAHB

Saturday, July 26, 2014 - 00:27

MAHB reported Q2 core net losses of RM22.1 million (ex-construction) dragged down the first half of 2014 core earnings to RM107 million. This only accounted for 24.9 per cent of HLIB’s RM429.9 million and 27.4 per cent of consensus for financial year 2014.

RHB Research ‘neutral’ on IGB REIT

Saturday, July 26, 2014 - 00:26

RHB Research keeps its “neutral” call on IGB Real Estate Investment Trust (REIT) with a RM1.27 fair value, driven by strong earnings growth.

Maybank IB ‘overweight’ on auto sector

Saturday, July 26, 2014 - 00:26

MAYBANK Investment Bank Bhd (Maybank IB) is keeping its “overweight” stance on the automotive sector, based on a bottom-up stock call approach.

MRCB’s target price seen at RM2.02

Saturday, July 26, 2014 - 00:25

HONG Leong Investment Bank (HLIB) rates Malaysia Resources Corp Bhd (MRCB) a “buy”, with a target price of RM2.02, on its plan to get full control of Penang Sentral.

Unisem upgraded on successful turnaround

Saturday, July 26, 2014 - 00:25

RHB Research upgrades Unisem Bhd to “buy” on its successful turnaround in profitability and bullish outlook.

Key index likely to re-test its next support at 1,852 points

Saturday, July 26, 2014 - 00:24

CONTINUOUS consolidations on Bursa Malaysia sent its benchmark on a sideway course, with the FTSE Bursa Malaysia KLCI (FBM KLCI) trending within a tight trading range of less than 10 points over the week.

Proton Edar offers free vehicle safety inspections

Saturday, July 26, 2014 - 00:21

PETALING JAYA: Proton Edar Sdn Bhd is partnering with Petronas Dagangan Bhd to offer a free 20-point safety-inspection at selected Petronas stations that run alongside the Petronas Coffee Break campaign during the Hari Raya festivities season as part of their corporate social responsibility program