BATU KAWAN: Property developer Aspen Group - via its subsidiary Aspen Vision City Sdn Bhd - has joined forces with German kitchen and home appliances provider Teka Kuchentechnik (M) Sdn Bhd to provide kitchen appliances for its Vertu Resort development in Batu Kawan.
KUALA LUMPUR: Malaysia Airlines Bhd (MAS) has extensively redesigned its Golden Lounges to offer guests an exciting new pre-flight experience.
KUALA LUMPUR: Tan Sri Ismee Ismail, who will be leaving Tabung Haji on July 1, is likely to assume the No. 2 role at Sime Darby Bhd, holding the post of chief operating officer, said sources.
KUALA LUMPUR: Petronas Chemicals Group Bhd (PCG) will pump the bulk of this year’s US$1 billion (RM3.9 billion) capital expenditure (capex) into the Refinery and Petrochemical Integrated Development (Rapid) project in Pengerang, Johor, and the Sabah Ammonia Urea (Samur) project.
SEOUL: LG Display Co said on Friday it plans to invest 450 billion won (US$395.99 million) in South Korea to build production capacity for flexible organic light-emitting diode (OLED) displays and OLED lighting panels.
Comcast Corp, the owner of NBCUniversal, said on Thursday it would buy Hollywood studio DreamWorks Animation SKG Inc for US$3.8 billion to boost its family-friendly offerings and help it take on media conglomerate Walt Disney.
TOKYO: Sony posted a US$1.4 billion annual profit Thursday, boosted by strong sales of its PlayStation console, but analysts warned that slowing smartphone demand could hit a lucrative business that makes key parts for mobile devices.
KUALA LUMPUR: Telekom Malaysia Bhd's (TM) unhedged long term US dollar denominated borrowings, only due in 2025, is at a manageable level of 13 per cent or US$200 million despite the volatility of the local currency against the greenback.
KUALA LUMPUR: Petronas Chemicals Group Bhd (PCG) will pump the bulk of this year's US$1 billion capital expenditure allocation into the RAPID (Refinery and Petrochemical Integrated Development) project in Pengerang, Johor.
KUALA LUMPUR: Datuk Johan Abdullah was today announced as the new Tabung Haji Group Managing Director and Chief Executive Officer.
KUALA LUMPUR: Banking stocks and the ringgit rose in early trade today after Wednesday's announcement on the appointment of Datuk Muhammad Ibrahim as the next Bank Negara governor.
SEPANG: Malaysia Airports Holdings Bhd (MAHB) hopes to resolve its dispute with Kuala Lumpur Aviation Fuelling System Sdn Bhd (KASF) over the contract period of their airport facilities agreement (AFA) by year-end.
SEOUL: Samsung Electronics, the world’s largest smartphone maker, reported a better-than-expected jump in net profits Thursday, boosted by the successful early release of its new flagship Galaxy handset.
KUALA LUMPUR: The ringgit extended yesterday’s gains to open higher against the US dollar this morning as demand emerged for Asian currencies, including the ringgit, dealers said.
NEW YORK: Chobani yogurt founder and CEO Hamdi Ulukaya said Wednesday he had given a 10 percent ownership stake in the company to its approximately 2,000 employees.
KUALA LUMPUR: The appointment of Datuk Muhammad Ibrahim as the new Bank Negara Malaysia (BNM) governor was the right move as he is the “right man” for the post, economist Datuk Jalilah Baba said.
KUALA LUMPUR: Datuk Muhammad Ibrahim was today announced as the successor to outgoing Bank Negara Malaysia Governor Tan Sri Zeti Akhtar Aziz, who had helmed the post for 16 years.
NILAI: Coca-Cola Bottlers (Malaysia) Sdn Bhd has installed a new polyethylene terephthalate (PET) production line at its Malaysian Halal manufacturing plant here, which brings its total investment in the country to RM1 billion.
KUALA LUMPUR: The situation surrounding 1Malaysia Development Bhd is not expected to have an immediate negative impact on Malaysia's sovereign ratings, says Fitch Ratings.
KUALA LUMPUR: 1Malaysia Development Bhd's default on its bond coupon payment has raised the probability that the government will have to assume debt servicing obligations related to these 1MDB liabilities.
KUALA LUMPUR: The ringgit rebounded to open higher against the US dollar, after yesterday’s losses, on renewed buying interest for emerging currencies, including the ringgit, dealers said.
Apple Inc on Tuesday posted its first-ever decline in iPhone sales and its first revenue drop in 13 years as the company credited with inventing the smartphone struggles with an increasingly saturated market.
KUALA LUMPUR: Bursa Malaysia ended lower across the board on persistent selling by foreign institutional funds, dealers said.
KUALA LUMPUR: Reach Energy Bhd says it is buying a good asset in Kazakhstan and asks its investors to see the long-term value of the asset.
KUALA LUMPUR: Government debt levels are high for Asia Pacific countries like India, Japan, Malaysia, Pakistan and Sri Lanka, posing a sovereign credit constraint, warns Moody’s.
GEORGE TOWN: The continued growth of Malaysia's electrical and electronics (E&E) industry hinges on the ability of its local players to embrace automation and smart manufacturing.
KUALA LUMPUR: Fitch Ratings says the outlook for the palm oil sector is improving and higher prices will be credit positive for producers.
KUALA LUMPUR: RHB Islamic International Asset Management (IIAM) today launched the RHB Islamic Asean Megatrend Fund, leveraging on the growth of potential of Asean markets and rising on trends that will shape the region's future economy.
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB) is looking forward to new charges to be imposed by the Department of Civil Aviation (DCA) in order to support the airspace infrastructure that needs to be built.
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