Business

Sentiments remain

PETALING JAYA: Stocks on Bursa Malaysia led losses in Asia outside China, bogged down by fresh domestic political worries amid a still weak market sentiment

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.

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.

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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

Loan deal: Chan and Maybank corporate banking MD Caroline Teoh at the agreement signing for a bridging loan facility for the Gardenhill condo project in Melbourne.
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Fajarbaru plans RM728m projects

PETALING JAYA: Small-cap contractor Fajarbaru Builder Group Bhd has property projects with a gross development value (GDV) of RM728mil in Malaysia. Besides that, its first overseas joint-venture project in Melbourne, which has a GDV of A$77mil (RM215.6mil), has seen a take-up rate of 80%.

29 July 2015 | 12:00AM |

Property

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

AirAsia names advisors for RM762mil bond issue

SINGAPORE: AirAsia Bhd has hired investment banks Credit Suisse and CIMB to help the airline raise at least US$200mil (RM762.6mil) in convertible bonds at its Indonesian and Philippine associates, people familiar with the deal said.

29 July 2015 | 12:00AM |

Airlines

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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

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

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

Keeping calm: Malaysia lets ringgit fall below 1998-2005 peg

KUALA LUMPUR: For the past three weeks, Malaysian authorities have allowed the ringgit to trade below levels that in 1998 prompted them to impose a dollar peg and capital controls. Economists expect more downside, with the Federal Reserve set to raise U.S. interest rates.

28 July 2015 | 7:17AM |

Economy

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

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

KLCI slips in early trade as Tenaga weighs

KUALA LUMPUR: The FBM KLCI slipped in early Wednesday trade, weighed by Tenaga Nasional, as investors remained cautious after the continued selling by foreign funds and uncertainties on the external front.

29 July 2015 | 9:24AM |

Markets

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