Business

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).

KPJ eyes senior citizens care business

JOHOR BARU: Hospital operator KPJ Healthcare Bhd is expanding its senior care services to cater to growing demand at home.

Eco World plans RM8bil Kota Kemuning township

SHAH ALAM: Eco World Development Group Bhd is planning a second township with a gross development value (GDV) of RM8bil in Kota Kemuning.

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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

KLCI cuts losses at midday

KUALA LUMPUR: The FBM KLCI has cut its losses at midday on Friday in line with the rebound in Asian equities, but key heavyweights continued to drag the index following the weaker corporate results.

29 May 2015 | 12:54PM |

Markets

Market awaits update from 1MDB roadmap

KUALA LUMPUR: The market will be awaiting updates on the controversial 1Malaysia Development Bhd (1MDB) on Friday where the Prime Minister and his Cabinet will be given first-hand and the latest information.

29 May 2015 | 8:42AM |

Markets

Genting gains on weaker ringgit

PETALING JAYA: Earnings of Genting Bhd’s gaming, leisure and hospitality businesses dropped across the board in most of the countries it operates, except the United States and Bahamas.

29 May 2015 | 12:00AM |

Stocks

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

SapuraKencana share price rises in early trading

KUALA LUMPUR: Integrated oil and gas services and solutions provider SapuraKencana Petroleum Bhd (SapKen) share price rose in early trade after being reinstated in the Securities Commission's (SC) syariah-compliant list on Friday.

29 May 2015 | 12:10PM |

Business News

Tong Herr earnings down 12.7%

KUALA LUMPUR: Tong Herr Resources Bhd’s net profit slipped 12.7% to RM7.34mil for the first quarter ended March 31, 2015, from RM8.41mil a year ago due to foreign exchange loss from the weakening of the ringgit.

29 May 2015 | 1:55PM |

Business News

KLCI cuts losses at midday

KUALA LUMPUR: The FBM KLCI has cut its losses at midday on Friday in line with the rebound in Asian equities, but key heavyweights continued to drag the index following the weaker corporate results.

29 May 2015 | 12:54PM |

Markets

SapuraKencana share price rises in early trading

KUALA LUMPUR: Integrated oil and gas services and solutions provider SapuraKencana Petroleum Bhd (SapKen) share price rose in early trade after being reinstated in the Securities Commission's (SC) syariah-compliant list on Friday.

29 May 2015 | 12:10PM |

Business News

HLIB maintains Sell rating on IHH

KUALA LUMPUR: Hong Leong Investment Research (HLIB) has maintained its Sell rating on IHH Healthcare with a target price of RM4.47 as share price has run ahead of fundamentals.

29 May 2015 | 10:34AM |

Analyst Reports

Plantations among top losers

KUALA LUMPUR: Plantation stocks were among the top losers in the first hour of trade on Friday as funds sold the stocks on the last trading day of May.

29 May 2015 | 9:58AM |

Markets

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

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