Business

MAB keeps 9,000 permanent staff

PETALING JAYA: The new Malaysia Airlines Bhd (MAB) has hired only 9,000 of its employees on permanent contracts. Another 4,000 employees of MAB are on short-term contracts.

Destini Berhad group managing director Datuk Rozabil Abdul Rahman duirng the interview on the group’s outlook and acquisitions.— IZZRAFIQ ALIAS / The Star. July 7, 2015.

Shot in the arm for Destini

PETALING JAYA: Minister of Finance Inc (MoF) unit Aroma Teraju Sdn Bhd has emerged as the second-largest shareholder of engineering specialist firm Destini Bhd, confirming a report by StarBiz on Monday entitled MoF courts Destini.

Naza Kia Malaysias newly launched Sportage 2WD sports-utility vehicle.

Naza launches new sports-utility vehicle

PETALING JAYA: Naza Kia Malaysia, the official distributor of Kia vehicles in Malaysia, expects its newly-launched Sportage 2WD sports-utility vehicle (SUV) to contribute 10% to the total sales target this year.

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RHB Capital to launch retrenchment drive

KUALA LUMPUR: RHB Capital Bhd (RHB Cap) is set to be the second financial institution in Malaysia to launch a retrenchment drive this year to rationalise costs, Maybank Investment Bank Research said.

3 September 2015 | 11:50AM |

Analyst Reports

New landmark: An artist’s impression of Agile Mont Kiara, a 10-acre freehold residential development by Agile Real Estate.

China developer to launch RM1.2bil project

PETALING JAYA: Hong Kong Stock Exchange-listed Agile Property Holdings Ltd is proving that there is good demand for Mont Kiara living by building a RM1.2bil residential project there.

3 September 2015 | 12:00AM |

agile

Global stock selloff hits ringgit

KUALA LUMPUR: Malaysia’s ringgit fell the most in a week amid a global selloff in equities and as energy prices slumped on signs China’s economy is slowing.

3 September 2015 | 12:00AM |

ringgit

Ringgit down on Fitch downgrade warning

SINGAPORE: Most emerging Asian currencies resumed falling on Wednesday as fears over global growth and downbeat factory activity reports drove investors from risky assets including stocks.

2 September 2015 | 2:16PM |

Forex

More headwinds for oil and gas sector

PETALING JAYA: Despite the recent decline in share prices in the oil and gas (O&G) sector, it has not bottomed out yet and more earnings disappointments are expected, says Kenanga Research in a report.

3 September 2015 | 12:00AM |

Oil & Gas

Nirvana net profit soars to RM136mil

PETALING JAYA: Hong Kong-listed Nirvana Asia Ltd posted a higher net profit of RM136.1mil for the first half ended June 30, 2015 compared with RM44mil in the same period a year ago.

3 September 2015 | 12:00AM |

Nirvana

The rich poorer by RM16bil

PETALING JAYA: Malaysia’s top 30 wealthiest business magnates are poorer by an estimated RM16.1bil in paper wealth in just over a month, following the fall in the stock market.

2 September 2015 | 12:00AM |

Stocks

TA Research raises Bina Puri's earnings outlook

KUALA LUMPUR: TA Research has raised its earnings forecasts for Bina Puri Holdings Bhd for the financial years ending Dec 31, 2016, and 2017 by 3.6% and 2.8%, respectively, after the latest job win by the construction group.

3 September 2015 | 4:21PM |

Analyst Reports

KLCI up 12 points at midday as CIMB, Sime advance

KUALA LUMPUR: Fund buying of CIMB, Sime Darby and other bank stocks enabled the FBM KLCI to recoup nearly most of its previous day losses at the midday break on Thursday despite selling pressure on the ringgit.

3 September 2015 | 1:19PM |

Markets

RHB Capital to launch retrenchment drive

KUALA LUMPUR: RHB Capital Bhd (RHB Cap) is set to be the second financial institution in Malaysia to launch a retrenchment drive this year to rationalise costs, Maybank Investment Bank Research said.

3 September 2015 | 11:50AM |

Analyst Reports

Firmer start for KLCI as TM and Tenaga lead

KUALA LUMPUR: Blue chips staged a mild rebound in early Thursday trade as investor sentiment perked up after the firmer overnight close on Wall Street, with some fund buying of key stocks Telekom Malaysia and Tenaga Nasional.

3 September 2015 | 9:48AM |

Markets

AmResearch maintains Buy on Econpile

KUALA LUMPUR: AmResearch maintains its Buy on Econpile Holdings Bhd with an unchanged fair value of RM1.50 a share, which is based on 14 times FY16F price-to-earnings (PE).

3 September 2015 | 9:16AM |

Analyst Reports

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