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Cautious approach

KUALA LUMPUR: Malayan Banking Bhd (Maybank), the country’s biggest banking group by assets, is adopting a cautious approach in its second half and has revised down its loans growth for this year.

AirAsia X finds fictitious services

PETALING JAYA: Long-haul budget airline AirAsia X Bhd has discovered payments for fictitious services that adds up to RM7mil.

New outlet: KPJ Specialist Centre in Klang. The company says the higher income is mainly due to the increase in revenue of the existing and newly opened hospitals.

Higher net profit for KPJ Healthcare

PETALING JAYA: Lifted by higher revenue and contribution from the hospitals, KPJ Healthcare Bhd’s net profit rose 6.7% to RM36mil in the second quarter ended June 30, from RM33.7mil a year ago.

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Going big on shrimps

PETALING JAYA: QL Resources Bhd is spending RM150mil in capital expenditure (capex) in these two years, and a big bulk of it is being used to grow its shrimp farming business.

28 August 2015 | 12:00AM |

ql resources

KLCI advances nearly 13pts, AirAsia flies higher

KUALA LUMPUR: Key Asian markets and Bursa Malaysia chalked up solid gains on Friday, buoyed by the firmer overnight close on Wall Street, while the FBM KLCI extended its recovery for the fourth trading day and added nearly 13 points.

28 August 2015 | 10:34AM |

Markets

PNB declares 6.40 sen dividend for ASW 2020

KUALA LUMPUR: Amanah Saham Nasional Bhd, a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), announced a 6.40 sen dividend for a unit of the Amanah Saham Wawasan 2020 (ASW 2020) for the financial year ending Aug 31, 2015.

27 August 2015 | 2:51PM |

Business

Banks lead KLCI rebound past key 1,600

KUALA LUMPUR: Banks, Maxis and Tenaga powered the FBM KLCI past the key 1,600 level on Thursday, entrenching the index’s third straight days of gains as investor sentiment perked in tandem with key Asian markets.

27 August 2015 | 6:25PM |

Forex

KLCI advances nearly 13pts, AirAsia flies higher

KUALA LUMPUR: Key Asian markets and Bursa Malaysia chalked up solid gains on Friday, buoyed by the firmer overnight close on Wall Street, while the FBM KLCI extended its recovery for the fourth trading day and added nearly 13 points.

28 August 2015 | 10:34AM |

Markets

DRB-Hicom posts RM20mil loss amid auto sales slump

PETALING JAYA: DRB-Hicom Bhd registered a net loss of RM19.7mil for the first quarter ended June 30, compared with a net profit of RM107.8mil a year ago, due to lower sales of motor vehicles by its automotive division. The vehicle maker expects a very challenging year.

28 August 2015 | 12:00AM |

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