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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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 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

Sunway Construction slips below offer price (Update)

KUALA LUMPUR: Sunway Construction’s share price closed below the offer price of RM1.20 on Wednesday -- the second day after its trading debut on the Main Market -- due to cautious mood on Bursa Malaysia which had been impacted by foreign selling pressure.

29 July 2015 | 10:09AM |

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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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

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

Cepatwawasan net profit falls 60%

KUALA LUMPUR: Cepatwawasan Group Bhd’s net profit fell 60.4% to RM3.26mil in the second quarter ended June 30, 2015 from RM8.26mil a year ago dragged by falling crude palm oil (CPO) and palm kernel prices.

29 July 2015 | 1:45PM |

Business News

MoF sells entire interest in Bursa Malaysia to KWAP

KUALA LUMPUR: Minister of Finance Inc (MoF Inc), the second largest shareholder in Bursa Malaysia Bhd, has disposed of its entire 16.12% stake in the securities and commodity exchange operator to Retirement Fund Inc (KWAP) effective July 29.

29 July 2015 | 9:49PM |

Corporate News

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 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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