AirAsia X net losses higher at RM288m in Q3 due to forex

KUALA LUMPUR: Medium-haul low-cost carrier AirAsia X posted net losses of RM288.19mil in the third quarter ended Sept 30, 2015 as it was impacted by higher expenses and foreign exchange losses.

Exporters’ shares tumble as ringgit appreciates to RM4.20 vs USD

KUALA LUMPUR: Shares of export-oriented companies fell as the ringgit continues its appreciation to a one month high of RM4.209 against the US dollar early Wednesday.

Masteel looks past RM24m net loss in Q3

KUALA LUMPUR: Malaysia Steel Works (KL) Bhd posted net losses of RM24.14mil in the third quarter ended Sept 30, 2015 as it was severely impacted by foreign exchange losses and competition.

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Johore Tin plunges 20% on RPT announcement

KUALA LUMPUR: Shares of Johore Tin Bhd fell by 20% today following the group’s announcement of its latest quarterly earnings as well as a related party transaction involving a subsidiary company.

25 November 2015 | 3:21PM |

Corporate News

Ringgit set to strengthen against greenback in the short-term

KUALA LUMPUR: The Malaysian ringgit continued to appreciate against the US dollar amid follow-through bargain hunting buying, riding on the recent news 1Malaysia Development Bhd had agreed to sell its entire energy assets to China General Nuclear Power Corp.

25 November 2015 | 11:30AM |


Brahim's continues to suffer losses

KUALA LUMPUR: The country’s largest in-flight caterer, Brahim’s Holdings Bhd (BHB), made its second consecutive quarter of net loss, which it attributed to concessions given to Malaysia Airlines.

25 November 2015 | 12:00AM |

Corporate News

S&P: Tenaga’s funding structure impacted if won Edra bid

KUALA LUMPUR: Standard & Poor's Ratings Services said while Tenaga Nasional’s competition position would have been boosted by 1Malaysia Development Bhd’s (1MDB) power assets, its bid valuation and funding strategy would have had a negative impact on the power giant’s capital structure.

25 November 2015 | 4:07PM |

Corporate News

Ringgit at near month high, KLCI advances as Tenaga gains

KUALA LUMPUR: The ringgit strengthened against the major currencies including the US dollar on Tuesday as investor sentiment towards the local unit perked up after 1Malaysia Development Bhd inked a deal to sell its power assests housed under Edra Global Energy Bhd to a Chinese company for RM9.83bil.

24 November 2015 | 6:04PM |


UEM-Samsung JV gets job to build Malaysia's tallest building

KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has awarded the contract to build Menara Wawasan or also known as Menara KL118 here to the joint venture of South Korea’s Samsung C&T and UEM Group Bhd. PNB president and group chief executive Tan Sri Hamad Kama Piah Che Othman (pic) said: “The contract is worth about RM3.4bil”.

24 November 2015 | 12:00AM |


Barakah gets RM12m Petronas Gas job

KUALA LUMPUR: Barakah Offshore Petroleum Bhd has secured a RM12.3mil contract from Petronas Gas Bhd to build an export terminal scraper station on Kemaman, Terengganu.

25 November 2015 | 1:33PM |

Corporate News

U.S. data points to moderate fourth-quarter growth

WASHINGTON: U.S. consumer spending barely rose in October as households took advantage of rising incomes to boost savings to their highest level in nearly three years, pointing to moderate economic growth in the fourth quarter.

26 November 2015 | 6:46AM |


Yong: ‘You should be able to see the earnings starting to come in by the first quarter of next year.’

IFCA ventures into e-commerce

PETALING JAYA: IFCA MSC Bhd, which has long been synonymous with being a software provider, is set to enter the e-commerce space with the launch of a new portal called (P365).

26 November 2015 | 12:00AM |


Higher sales: AAX revenue rose 13 in the third quarter ended Sept 30 from a year ago to RM793mil on the back of a 13 increase in scheduled flight revenue and a 155 gain in charter and wet leasing revenue.

AirAsia X sees significant turnaround in ops

PETALING JAYA: AirAsia X Bhd’s (AAX) losing streak continues, as the long-haul budget airline reported its eight consecutive quarter of losses for its third quarter ended Sept 30.

26 November 2015 | 12:00AM |


Positive development: A view of TNB headquarters in Kuala Lumpur. S&P said the company’s failed bid for 1MDB’s power assets under Edra had reduced the prospect of a weaker capital structure. — Reuters

TNB ratings unchanged

PETALING JAYA: The credit ratings and outlook on Tenaga Nasional Bhd (TNB) remain unchanged despite the national utility company’s failure to take over the power unit of 1Malaysia Development Bhd (1MDB), says Standard & Poor’s Ratings Services (S&P).

26 November 2015 | 12:00AM |


Wintoni in accounting delay

PETALING JAYA: Wintoni Group Bhd has said there has been a delay in completing its financial accounts for the third quarter ended Sept 30 due to loss of data following a recent break-in at its office.

26 November 2015 | 12:00AM |


Support Line

JCY International climbed to a three-year high of 91.5 sen on Nov 19 before reversing slightly undergoing correction. The trend going forward is pretty simple.

26 November 2015 | 12:00AM |


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