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.

Ringgit strengthens after Fitch upgrades outlook

KUALA LUMPUR: The Malaysian stock market and the ringgit advanced in late Wednesday morning trade as investors turned upbeat after Fitch Ratings raised the outlook on Malaysia to Stable from Negative.

Fitch revises Outlook on Petronas to Stable

KUALA LUMPUR: Fitch Ratings has revised the Outlook on Petroliam Nasional Bhd's (Petronas) long-term foreign- and local-currency issuer default ratings (IDRs) to Stable from Negative.

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Market and ringgit rally on Fitch upgrade (Update)

KUALA LUMPUR: Malaysia’s equities market and the ringgit notched one of their best gains in a week after Fitch Ratings’ surprise announcement to raise the outlook on Malaysia’s currency ratings to Stable.

1 July 2015 | 5:48PM |

Markets

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

Tsipras offers conditional okay to bailout, creditors sceptical

BRUSSELS: Greek Prime Minister Alexis Tsipras has written to international creditors saying Greece could accept a bailout offer published on June 28 if several conditions were changed, but Germany said the letter had come too late and did not go far enough.

1 July 2015 | 6:11PM |

Economy

Sunway Construction dangles dividend payout

KUALA LUMPUR: Sunway Construction Group Bhd is hoping to lure investors to its initial public offering (IPO) with the promise of bigger job wins and a steady dividend payout.

30 June 2015 | 12:00AM |

Stocks

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

Stemlife appoints new CEO

KUALA LUMPUR: Stemlife Bhd has appointed Sophian Abdul Rahman as chief executive officer and Hoo Yee Fong as acting chief financial officer (CFO) effective July 1.

1 July 2015 | 6:46PM |

Corporate News

Tsipras offers conditional okay to bailout, creditors sceptical

BRUSSELS: Greek Prime Minister Alexis Tsipras has written to international creditors saying Greece could accept a bailout offer published on June 28 if several conditions were changed, but Germany said the letter had come too late and did not go far enough.

1 July 2015 | 6:11PM |

Economy

Market and ringgit rally on Fitch upgrade (Update)

KUALA LUMPUR: Malaysia’s equities market and the ringgit notched one of their best gains in a week after Fitch Ratings’ surprise announcement to raise the outlook on Malaysia’s currency ratings to Stable.

1 July 2015 | 5:48PM |

Markets

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