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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.

EPF Q2 investment income up nearly 10% to RM11.4b (Update)

KUALA LUMPUR: The Employees Provident Fund’s (EPF) investment income rose 9.73% to RM11.41bil in the second quarter ended June 30, 2015, with equities accounting for 61% of total income.

RHB Capital posts RM1bil earnings in first half of 2015 (Update)

KUALA LUMPUR: RHB Capital Bhd reported a set of credible earnings in the first half ended June 30, 2015 at RM1bil amid a challenging environment but expects its IGNITE 2017 Transformation Programme to gain traction and produce positive results.

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IHH buys India's Global Hospitals for RM819m

KUALA LUMPUR/MUMBAI: Malaysia's IHH Healthcare Bhd, the world's second-biggest healthcare firm by market value, is buying a 73.4 percent stake in India-based Ravindranath GE Medical Associates Private Ltd for RM819mil (US$195mil).

28 August 2015 | 7:44PM |

Corporate News

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

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

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

IHH buys India's Global Hospitals for RM819m

KUALA LUMPUR/MUMBAI: Malaysia's IHH Healthcare Bhd, the world's second-biggest healthcare firm by market value, is buying a 73.4 percent stake in India-based Ravindranath GE Medical Associates Private Ltd for RM819mil (US$195mil).

28 August 2015 | 7:44PM |

Corporate News

Messaging app Line says still considering IPO

Popular Japanese messaging app Line said it was still considering plans for an initial public offering, after a report said it had shelved the sale for a second year in a row.

28 August 2015 | 4:11PM |

Stocks

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