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. Sources said the refurbishment work could cost up to RM1bil and in return, MRCB would get parcels of land in the vicinity of the NSC for development if the proposal is approved.

Fitch revises Malaysia's outlook to stable (update)

KUALA LUMPUR: Fitch maintained Malaysia's long-term foreign currency issuer default rating (IDR) at A- and local currency at A, with the outlook revised to stable from negative previously.

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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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

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

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

Greece is the word

PETALING JAYA: The problems in Greece have been well-articulated over the last six years. Almost every investor knows that it has a deadline to meet today or may be forced out of the European Union. But when the banks in Greece shut down for a week, it wreaked havoc on global markets.

30 June 2015 | 12:00AM |

Stocks

Greece risks continue to dampen Malaysian market sentiment

PETALING JAYA: Market sentiment in the local bourse is expected to remain muted while testing the 1,700 and 1,670-point levels for the rest of the week, according to market participants. “We are seeing some accumulation action, after the low on Monday,” a dealer said, adding that sentiment was dictated by new developments in the eurozone economy, especially on Greece’s exit risk.

1 July 2015 | 12:00AM |

Stocks

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

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

Dutch confident MH17 prosecution will succeed

ROTTERDAM: The Dutch prosecutor leading the investigation into the downing of Malaysia Airlines flight MH17 over Ukraine last year said on Tuesday he was confident of concluding his investigation successfully but was not yet ready to issue arrest warrants.

1 July 2015 | 7:21AM |

Airlines

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

FTSE falls to 5-1/2 month low, supermarkets sink

LONDON: The FTSE hit its lowest level since mid-January on Tuesday, pulled down by miners and supermarkets and underperforming even euro zone shares despite Greece being hours away from a repayment default.

1 July 2015 | 7:07AM |

Stocks

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