Business

11 firms bid to build an icon in Bukit Jalil

PETALING JAYA: The Government wants to promote the National Sports Complex (NSC) in Bukit Jalil, Kuala Lumpur as a tourist destination not only during major sporting events. In this respect, it has been working with the private sector to build new infrastructure and put up an iconic feature at the NSC to attract more visitors.

Borneo Oil to invest more in Pahang

KUCHING: Borneo Oil Bhd, which is expected to commence gold mining activities soon in a second area in Pahang, plans to invest an additional RM40mil to step up its mining operations in the state. According to executive director Raymond Teo Kiew Leong, land clearing is underway and mining equipment is being mobilised to facilitate the mining of alluvial gold and tailings at Bukit Ibam, Rompin district, in the current quarter.

PCB orders: A technician working in PCB production floor at GUH’s plant in Suzhou, China. For the second half 2015, the company has secured orders with an approximate value of RM30mil per month for its facilities in Malaysia and China.

GUH bids for RM1.6bil water jobs

GEORGE TOWN: GUH Holdings Bhd is tendering for about RM1.6bil worth of water and waste water treatment plant projects this year. Group managing director Datuk Kenneth H’ng told StarBiz the tenders were for about 10 projects located in the central and northern regions.

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KLCI sees over 17 pts erased, ringgit at 16-year low (Update)

KUALA LUMPUR: Key Asian markets except for China closed Monday sharply lower, following Greeks’ move to reject the bailout terms, while the FBM KLCI lost more than 17 points on continued selling by foreign funds and the ringgit sunk to a 16-year low.

6 July 2015 | 5:47PM |

Forex

Stocks, euro fall but no rout after Greek 'No'

LONDON: Shares fell in Europe and Asia, the euro stumbled and yields on weaker euro zone economies' bonds rose after Greece overwhelmingly voted against conditions for a rescue package, but there was no rout and contagion was limited.

6 July 2015 | 4:43PM |

Banking

Not so rosy outlook for banking sector

PETALING JAYA: Although the banking sector loan growth inched up in May despite the implementation of the goods and services tax (GST) on April 1, analysts on the whole are not bullish of the attractiveness of the sector.

6 July 2015 | 12:00AM |

Banking

UAE bank ADIB eyes Malaysia, Indonesia

DUBAI: Abu Dhabi Islamic Bank (ADIB), which recently failed in its bid for Citigroup's Egypt retail business, is targeting acquisitions in 2016 in Asia, the Middle East, and North Africa, its chief executive said.

6 July 2015 | 6:55PM |

Banking

KLCI sees over 17 pts erased, ringgit at 16-year low (Update)

KUALA LUMPUR: Key Asian markets except for China closed Monday sharply lower, following Greeks’ move to reject the bailout terms, while the FBM KLCI lost more than 17 points on continued selling by foreign funds and the ringgit sunk to a 16-year low.

6 July 2015 | 5:47PM |

Forex

Stocks, euro fall but no rout after Greek 'No'

LONDON: Shares fell in Europe and Asia, the euro stumbled and yields on weaker euro zone economies' bonds rose after Greece overwhelmingly voted against conditions for a rescue package, but there was no rout and contagion was limited.

6 July 2015 | 4:43PM |

Banking

Matrade makes RM39.6mil sales

KUALA LUMPUR: The Malaysia External Trade Development Corp (Matrade) achieved RM39.63mil sales at the incoming buying mission (IBM) held in conjunction with the APHM International Healthcare Conference and Exhibition 2015 here on June 15-16.

6 July 2015 | 2:00PM |

Business

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