China Nov official PMI seen shrinking for 4th month

BEIJING: Activity in China's manufacturing sector likely shrank for a fourth straight month in November, a Reuters poll showed, underlining persistent sluggishness in the world's second-largest economy.

Ringgit at 5-week high; steady oil price raises Malaysian stocks

PETALING JAYA: The ringgit climbed to a five-week high as the steadier price of crude oil stirred up investor appetite for local assets.

Yong: ‘You should be able to see the earnings starting to come in by the first quarter of next year.’

IFCA ventures into e-commerce

PETALING JAYA: IFCA MSC Bhd, which has long been synonymous with being a software provider, is set to enter the e-commerce space with the launch of a new portal called (P365).

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XOX teams up with South Korean mobile tech firm

KUALA LUMPUR: XOX Bhd’s indirect unit XOX Mobile Sdn Bhd is teaming up with South Korean mobile technology firm Mobligation Co Ltd to develop and promote innovative mobile portal and browser solutions in South-East Asia.

26 November 2015 | 5:21PM |

Corporate News

Maybank posts higher Q3 earnings at RM1.89b (Update)

KUALA LUMPUR: Malayan Banking Bhd posted a strong set of earnings in the third quarter ended Sept 30, 2015 of RM1.898bil largely due to the growth in the group's gross loans, advances and financing despite higher allowances for impairments.

26 November 2015 | 1:11PM |


Higher sales: AAX revenue rose 13 in the third quarter ended Sept 30 from a year ago to RM793mil on the back of a 13 increase in scheduled flight revenue and a 155 gain in charter and wet leasing revenue.

AirAsia X sees significant turnaround in ops

PETALING JAYA: AirAsia X Bhd’s (AAX) losing streak continues, as the long-haul budget airline reported its eight consecutive quarter of losses for its third quarter ended Sept 30.

26 November 2015 | 12:00AM |


Bank Negara Malaysia introduces new mobile apps

KUALA LUMPUR : Bank Negara Malaysia (BNM) today introduced three new mobile applications to help consumers in making informed financial decisions. The mobile apps are MyBNM, BNM MyLINK and MyTabung.

26 November 2015 | 11:50AM |


Better times ahead for Mudajaya

KUALA LUMPUR: CIMB Equities Research expects better times ahead for Mudajaya as its fourth quarter earnings are expected to surge as it shrugs off the weaker nine months financial performance.

26 November 2015 | 9:52AM |

Analyst Reports

Axiata-linked Idea Cellular in RM2.14b deal

KUALA LUMPUR: India's Idea Cellular, in which Axiata Group has a stake of about 19.8%, is set to acquire radio spectrum in two service areas from Videocon Telecommunications Ltd for 3,310 crore rupees (RM2.14 billion).

25 November 2015 | 12:38PM |


Southeast Asian stocks: Most fall,including Malaysia

BANGKOK: Most Southeast Asian stock markets fell on Thursday as investors cut risk holdings ahead of a public holiday in the United States, with late selling in telecoms shares sending the Thai benchmark to a near two-month closing low.

27 November 2015 | 6:32AM |


Bursa highlights for Thursday, Nov 26

Among the major companies making notable announcements on Nov 26 are AirAsia, DRB-Hicom, Felda Global Ventures, Genting, IHH Healthcare, Pharmaniaga and YTL Corp.

27 November 2015 | 2:10AM |

Avoid repeating mistakes of KLIA2

EARLY this week, there were reports saying a new terminal building is expected to be built at the KL International Airport (KLIA) to boost its capacity to over 100 million passengers a year.

27 November 2015 | 12:00AM |


Wider reach: Ooi says OCK’s strategy to strengthen recurring income and expand regionally has been effective.

Malaysia's OCK spreading wings in Myanmar

PETALING JAYA: Telecommunications network services provider OCK Group Bhd is in the final stages of getting a contract from Telenor’s Myanmar unit to build and lease over 900 towers in the country. Sources told StarBiz that the contract would last for 12 years and all the towers under this phase were expected to be completed next year.

27 November 2015 | 12:00AM |

OCK Group Bhd

Felda Global sinks deeper into net loss

PETALING JAYA: Felda Global Ventures Holdings Bhd’s (FGV) net loss widened by 263.5% year-on-year (y-o-y) to RM33.92mil for the third quarter ended Sept 30 despite achieving a 13.8% higher revenue of RM4.51bil.

27 November 2015 | 12:00AM |


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