Business

Differing views

PETALING JAYA: Two out of the four independent directors of REDtone International Bhd have rejected the takeover offer launched by Berjaya Corp Bhd (BCorp) for the telecommunications company, as they feel the offer price of 80 sen a share is too low.

RHB banking group deputy group managing director and RHB Bank managing director Datuk Khairussaleh Ramli

RHB Capital names Khairussaleh CEO and MD

PETALING JAYA: Banking and financial services group RHB Capital Bhd (RHBCap) has appointed Datuk Khairussaleh Ramli (pic) as chief executive officer and managing director with effect from May 5.

Azman says the current global economic environment would bring about a new challenging landscape.

TNB second-quarter earnings jump 25%

PETALING JAYA: Tenaga Nasional Bhd’s (TNB) net profit for the second quarter ended Feb 28, 2015, jumped 25% to RM2.16bil compared with the previous corresponding period, mainly due to improved electricity sales.

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KLCI under pressure, slips more than 5 points

KUALA LUMPUR: Selling pressure on the FBM KLCI stocks in early Tuesday trade sent the 30-stock index down more than five points, dragged down by plantations, Petronas Gas, Axiata and Genting Bhd.

28 April 2015 | 9:42AM |

Markets

Malaysia’s job advertising volume up 15% in Q1

KUALA LUMPUR: Malaysia’s overall annual growth in job advertisement volume increased by 15% in the first quarter of 2015, according to the Asia Job Index published by the international recruitment consultancy, Robert Walters. - Bernama

28 April 2015 | 6:25PM |

Economy

Japan lawmakers submit casino legalisation bill

TOKYO: Japan’s pro-casino lawmakers submitted to parliament on Tuesday a bill to legalise casino gambling, the latest bid to establish an industry analysts say could generate US$40bil (RM142.6bil) a year and which Prime Minister Shinzo Abe sees as key to economic growth. - Reuters (Genting Singapore reportedly plans to bid for an integrated casino resort in Japan. - The Star)

28 April 2015 | 6:44PM |

Corporate News

KKB jumps on solid earnings

KUALA LUMPUR: Shares of KKB Engineering Bhd jumped at mid-morning on Tuesday after the group's earnings rose more than six-fold to RM26.7mil compared to the same period last year.

28 April 2015 | 10:52AM |

Stocks Analysis

KLCI ends Tuesday nearly 5 points lower (Update)

KUALA LUMPUR: Malaysia’s blue chips extended their losses on Tuesday with the FBM KLCI down nearly five points but of concern was the weakening broader market as investor sentiment was impacted by softer key markets ahead of the US Federal Reserve policy meeting.

28 April 2015 | 5:18PM |

Corporate News

Ter is mainly injecting shares of his private property companies.

QL substantial shareholders take up stake in Sunsuria

PETALING JAYA: Agri-food and poultry giant QL Resources Bhd is poised to emerge as a substiantial shareholder in property developer Sunsuria Bhd, which is embarking on the Xiamen University Malaysia Campus property development project in Sepang, said sources.

27 April 2015 | 12:00AM |

Corporate News

ASE to invest RM300mil in new plant

GEORGE TOWN: ASE Group, one of the world’s largest integrated circuit (IC) test and packaging house, is investing over RM300mil for its new RM50mil plant in Bayan Lepas over the next three to five years.

27 April 2015 | 12:00AM |

ASE Group

Japan lawmakers submit casino legalisation bill

TOKYO: Japan’s pro-casino lawmakers submitted to parliament on Tuesday a bill to legalise casino gambling, the latest bid to establish an industry analysts say could generate US$40bil (RM142.6bil) a year and which Prime Minister Shinzo Abe sees as key to economic growth. - Reuters (Genting Singapore reportedly plans to bid for an integrated casino resort in Japan. - The Star)

28 April 2015 | 6:44PM |

Corporate News

Malaysia’s job advertising volume up 15% in Q1

KUALA LUMPUR: Malaysia’s overall annual growth in job advertisement volume increased by 15% in the first quarter of 2015, according to the Asia Job Index published by the international recruitment consultancy, Robert Walters. - Bernama

28 April 2015 | 6:25PM |

Economy

KLCI ends Tuesday nearly 5 points lower (Update)

KUALA LUMPUR: Malaysia’s blue chips extended their losses on Tuesday with the FBM KLCI down nearly five points but of concern was the weakening broader market as investor sentiment was impacted by softer key markets ahead of the US Federal Reserve policy meeting.

28 April 2015 | 5:18PM |

Corporate News

JCorp to list RM900mil Islamic REIT in Q3

PUTRAJAYA: Johor Corp (JCorp) plans to list its RM900 million Islamic Real Estate Investment Trust (REIT), Al-Salam, on the Main Market of Bursa Malaysia in the third quarter of this year.

28 April 2015 | 4:34PM |

Business News

Texchem Q1 earnings surge to nearly RM5mil

KUALA LUMPUR: Texchem Resources Bhd’s net profit jumped more than five times to RM4.99mil in the first quarter ended March 31, 2015 from RM927,000 a year ago, underpinned by higher profits from industrial, food, restaurant and other divisions.

28 April 2015 | 4:03PM |

Corporate News

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