Business

RHB Capital Q1 earnings higher at RM476m (Update)

KUALA LUMPUR: RHB Capital Bhd’s earnings rose 5.6% to RM476.27mil in the first quarter ended March 31, 2015 on total income growth and lower loan impairment charges.

Sime Darby Motors listing delay contributes to Sime rating down-grade

PETALING JAYA: Sime Darby Bhd’s delay in listing its auto unit, Sime Darby Motors Bhd, has partly contributed to the conglomerate being accorded a lower rating by Standard & Poor’s Ratings Services (S&P).

Telekom Malaysia Q1 earnings down on higher operating costs, forex losses (Update)

KUALA LUMPUR: Telekom Malaysia Bhd’s earnings fell 38.7% to RM128.91mil in the first quarter ended March 31, 2015 from RM210.63mil a year ago due to higher operating costs and higher foreign exchange (forex) losses.

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Ahmad Husni: IPIC to provide US$1b to 1MDB (Update)

KUALA LUMPUR: International Petroleum Investment Company (IPIC) is providing US$1bil to the debt-laden 1Malaysia Development Bhd (1MDB) to repay a loan totalling US$975m (RM3.5bil) owed to international lenders.

29 May 2015 | 4:02PM |

Banking

Intel shifts Kulim ops to China and Vietnam, 600 let off

GEORGE TOWN: Chip-making leader Intel Corp is relocating some of its mature products to China and Vietnam from the facility in Kulim, and has started relieving some of the workers attached to them. Sources told StarBiz that the Kulim facility has for the past weeks let off about 600 workers involved in manufacturing

28 May 2015 | 12:00AM |

Stocks

No respite yet for Malaysia’s stock market

KUALA LUMPUR: The FBM KLCI again slipped into the red early Friday as investors were disappointed with most of the corporate results amid also growing anxiety over the plunge in China markets the previous day.

29 May 2015 | 9:39AM |

Markets

Moody's take on 1MDB

KUALA LUMPUR: There is a worry that Malaysia’s fiscal consolidation may be derailed should the Government be forced to assist 1Malaysia Development Bhd (1MDB) financially.

28 May 2015 | 12:00AM |

Stocks

1MDB’s Arul refutes Sarawak Report over BSI account

KUALA LUMPUR: 1MDB president and group executive director Arul Kanda Kandasamy has refuted an online blog Sarawak Report that he had allegedly provided false statement to Bank Negara Malaysia (BNM) that 1MDB had cash in a BSI account in Singapore.

28 May 2015 | 11:53AM |

Corporate News

Air Selangor extends water contract with Abass

KUALA LUMPUR: Selangor state entity Pengurusan Air Selangor Sdn Bhd (Air Selangor) has agreed to extend Konsortium Abass Sdn Bhd’s right to extract raw water from the pumping station in Jenderam Hilir in Selangor till Aug 31.

29 May 2015 | 9:38PM |

Utilities

Muhibbah Engineering earnings improve

KUALA LUMPUR: Muhibbah Engineering (M) Bhd’s earnings increased 15.5% to RM23.29mil in the first quarter ended March 31, 2015 from RM20.16mil a year ago due to its Favelle Favco crane division and Cambodian airports.

29 May 2015 | 8:11PM |

Corporate News

Keck Seng net profit up 7.9%

KUALA LUMPUR: Keck Seng (Malaysia) Bhd’s net profit was increased 7.9 % to RM25.43mil for the first quarter ended March 31, 2015, compared to RM23.55mil a year ago driven higher forex gain.

29 May 2015 | 6:02PM |

Business News

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