Business

Nissan Q1 op profit jumps 58% on strong US sales, weak yen

YOKOHAMA, Japan: Japan's Nissan Motor Co said on Wednesday first-quarter operating profit soared 58 percent, lifted by strong vehicle sales in every region except Japan as well as a weak yen, boosting the value of earnings overseas.

KL update: Fossick and Lau at the press conference on KL Office Outlook market update.

KL fringe to face office space glut

KUALA LUMPUR: The fringe area of Kuala Lumpur is expected to face an office space glut by 2017, said JLL Malaysia country head Y.Y. Lau.

Mustapa urges Malaysians to keep open mind on TPPA

KUALA LUMPUR: The Minister of International Trade and Industry (MITI) has urged all Malaysians to keep an open mind on the Trans Pacific Partnership Agreement (TPPA).

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KLCI ends below 1,700 on late selling

KUALA LUMPUR: Late selling of key stocks pushed the FBM KLCI further below the critical 1,700 level with Tenaga Nasional, Sime Darby and CIMB among the main drags on the index.

29 July 2015 | 5:57PM |

Markets

Sunway Construction slips below offer price

KUALA LUMPUR: Sunway Construction’s share price fell below the offer price of RM1.20 in early Wednesday trade due to cautious mood on Bursa Malaysia which had been impacted by foreign selling pressure.

29 July 2015 | 10:09AM |

Corporate News

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AirAsia X sees shifting back to LCCT a good option for now

KUALA LUMPUR: AirAsia X Bhd contends that the ongoing resurfacing works at the KL International Airport 2 (KLIA2) is affecting its operations, according to AirAsia Bhd chief executive officer Aireen Omar. She said the continued works to address the soil depression of the tarmac could cause the airline to incur additional maintenance costs.

28 July 2015 | 12:00AM |

Airlines

Kossan 'buy', AirAsia 'outperform' MPI 'add'

AMRESEARCH has reaffirmed its “buy” call on Kossan Rubber Industries with a higher fair value of RM8.40, to reflect its upward revised financial year 2015 to 2017 earnings estimates and higher 2015 price-to-earnings target of 27 times.

29 July 2015 | 12:00AM |

Stocks

MAHB rules out suggestions to shift back to LCCT

PETALING JAYA: Maintenance works at the KL International Airport 2 (KLIA2) is on-going, according to Malaysia Airports Holdings Bhd (MAHB), but is expected to ‘taper off’ to a minimum level over the next five years. MAHB also ruled out the suggestion to move back to the Low Cost Carrier Terminal (LCCT).

29 July 2015 | 12:00AM |

Airlines

MPay upbeat on its new payment solution

KUALA LUMPUR: Managepay Systems Bhd (MPay) is looking to capture 10% to 15% of the 1.2 million card acceptance devices to be installed over the next five years, with its new Chip & Pin technology solution, making it the first MyClear certified contact and contactless chip & pin card host and terminal solution to be launched in Malaysia.

29 July 2015 | 12:00AM |

Banking

Malaysian ringgit at 17-year low

S&P reaffirms Malaysia’s rating, Wahid says country better prepared to handle challenges, Technical analysts say ringgit will test the 4.00 mark against the US dollar

28 July 2015 | 12:00AM |

Forex

Nur Jazlan resigns from posts in public-listed firms

KUALA LUMPUR: Datuk Nur Jazlan Mohamed, who has been appointed Deputy Home Minister, has resigned from his posts in several public-listed companies effective Wednesday, including Astral Supreme Bhd, Asia Bioenergy Technologies Bhd (AsiaBio), TSH Resources Bhd and Ekowood International Bhd.

29 July 2015 | 6:55PM |

Corporate News

KLCI ends below 1,700 on late selling

KUALA LUMPUR: Late selling of key stocks pushed the FBM KLCI further below the critical 1,700 level with Tenaga Nasional, Sime Darby and CIMB among the main drags on the index.

29 July 2015 | 5:57PM |

Markets

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