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

IGB Corp’s Q3 earnings rise 37.6%

KUALA LUMPUR: Property developer IGB Corp Bhd boosted its third-quarter earnings by 37.6% year-on-year to RM45.09mil mainly due to higher contributions from the retail property investment and hotel divisions.

25 November 2015 | 11:54PM |

Corporate News

Indexes little changed, data indicates moderate growth

BENGALURU: US stocks were little changed on Wednesday as a barrage of data painted a picture of moderate economic growth, giving Federal Reserve policymakers more to chew on as they consider whether to raise interest rates next month.

25 November 2015 | 11:06PM |

Foreign News

Megasteel defends its petition for trade protection

KUALA LUMPUR: Megasteel Sdn Bhd has defended its request to the Government to impose 40% safeguard duties on the imports of hot rolled coils (HRC) after the Malaysian Iron and Steel Industry Federation (Misif) slammed its petition.

25 November 2015 | 10:52PM |

Corporate News

Mitrajaya bags RM186.38mil contract from Rapid project

KUALA LUMPUR: Mitrajaya Holdings Bhd (MHB) through its subsidiaries Pembinaan Mitrajaya Sdn Bhd and Syarikat Ismail Ibrahim Sdn Bhd has secured a contract worth RM186.38mil from the Refinery and Petrochemicals Integrated Development (Rapid) Project in Pengerang, Johor.

25 November 2015 | 8:12PM |

Corporate News

CPO prices to average RM2,200 to RM2,400/MT next year - RAM

KUALA LUMPUR: Crude palm oil prices are expected to average between RM2,200 and RM2,400 per metric tonne in 2016 as a slew of favourable developments could help shed some of the record high inventory of the commodity, says RAM Ratings in its outlook report.

25 November 2015 | 5:20PM |


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