Business

MRCB gets RM1bil Bukit Jalil stadium job

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) is tipped to refurbish the various sports facilities at the National Sports Complex (NSC) in Bukit Jalil, including the 17-year-old Bukit Jalil Stadium, which is the main venue for sporting events in the country.

Ringgit strengthens after Fitch upgrades outlook

KUALA LUMPUR: The Malaysian stock market and the ringgit advanced in late Wednesday morning trade as investors turned upbeat after Fitch Ratings raised the outlook on Malaysia to Stable from Negative.

Wah Seong is top O&G small cap pick, Sunway 'buy,BAT 'hold'

WAH SEONG’s first shipment of spiral-welded onshore steel pipes for the RM202mil Pengerang contract began earlier this month, according to CIMB Research.

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New township: An artist impression of Bandar Malaysia.

1MDB land spurs interest

PETALING JAYA: 1Malaysia Development Bhd’s (1MDB) land parcels have generated a lot of interest. In two separate statements, 1MDB said it had received “a lot of enquiries for its Bandar Malaysia land” and “proposals” for its land in Air Itam in Penang and Pulau Indah near Port Kiang, Selangor.

1 July 2015 | 12:00AM |

Property

How much does Greece owes to international creditors?

BRUSSELS: Greece, which is set to default on an International Monetary Fund debt repayment due on Tuesday, owes official lenders 242.8 billion euros ($172.03 billion pounds), according to a Reuters calculation based on official data.

1 July 2015 | 7:10AM |

Economy

Unexpected move: Pensioners queue outside a closed bank in Athens. Greece will keep banks shut at least until after July 5, the date of the referendum, and withdrawals from automated teller machines – which were shut yesterday – will be limited to 60 euros a day when they reopen today. — AFP

Greece reels in shock as banks shut

ATHENS: Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories yesterday as a breakdown in talks between Athens and its creditors pushed the austerity-battered country to the brink.

30 June 2015 | 12:00AM |

Greece

Meeting the press: Tan at the media conference after the company AGM.

George Kent to grow order book

PETALING JAYA: Water meter manufacturer and construction outfit George Kent (M) Bhd aims to grow its order book to RM2bil-RM3bil this year.

1 July 2015 | 12:00AM |

tan george

New milestone: Ng hitting the gong to mark the company’s listing yesterday. Looking on are chairman Datuk Seri Dr Suleiman Mohamed (second from right) and other company directors

Xin Hwa in strong debut

KUALA LUMPUR: Xin Hwa Holdings Bhd, which made its debut on the Main Market of Bursa Malaysia yesterday, will expand its existing businesses as a total logistics provider.

1 July 2015 | 12:00AM |

xin hwa

Wong: ‘There’s a substantial amount of foreign holdings on MGS.’

Analysts: Greece fallout unlikely to affect Malaysia, concern about ringgit

PETALING JAYA: The fallout from Greece’s possible exit from the European Union following its debt crisis is unlikely to have a contagion effect on the Malaysian economy for now. But the concern is more on Fitch’s credit rating of Malaysia that could impact the ringgit, which is seeing minimal effects from the Greece problem.

30 June 2015 | 12:00AM |

Stocks

China June factory, services surveys fuel hopes economy leveling out

BEIJING: Activity in China's factory sector expanded slightly in June though not as much as expected, while growth in the services sector sped up, official surveys showed, offering some signs that the world's second-largest economy may be starting to slowly level out after a raft of support measures.

1 July 2015 | 11:47AM |

Economy

China June factory, services surveys fuel hopes economy leveling out

BEIJING: Activity in China's factory sector expanded slightly in June though not as much as expected, while growth in the services sector sped up, official surveys showed, offering some signs that the world's second-largest economy may be starting to slowly level out after a raft of support measures.

1 July 2015 | 11:47AM |

Economy

Tenaga and TM lead KLCI higher after Fitch upgrade

KUALA LUMPUR: Malaysia’s stock market started the second half of 2015 on a firm note on Wednesday, thanks to an upgrade by Fitch Ratings, with the FBM KLCI climbing more than six points, underpinned by gains in Tenaga Nasional and Telekom Malaysia.

1 July 2015 | 9:16AM |

Markets

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