Business

MRCB gets RM1bil Bukit Jalil stadium job

PETALING JAYA: Malaysian Resources Corp Bhd (MRCB) is tipped to refurbish the various sports facilities at the National Sports Complex (NSC) in Bukit Jalil, including the 17-year-old Bukit Jalil Stadium, which is the main venue for sporting events in the country.

Ringgit strengthens after Fitch upgrades outlook

KUALA LUMPUR: The Malaysian stock market and the ringgit advanced in late Wednesday morning trade as investors turned upbeat after Fitch Ratings raised the outlook on Malaysia to Stable from Negative.

Fitch revises Outlook on Petronas to Stable

KUALA LUMPUR: Fitch Ratings has revised the Outlook on Petroliam Nasional Bhd's (Petronas) long-term foreign- and local-currency issuer default ratings (IDRs) to Stable from Negative.

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Market and ringgit rally on Fitch upgrade (Update)

KUALA LUMPUR: Malaysia’s equities market and the ringgit notched one of their best gains in a week after Fitch Ratings’ surprise announcement to raise the outlook on Malaysia’s currency ratings to Stable.

1 July 2015 | 5:48PM |

Markets

Tsipras offers conditional okay to bailout, creditors sceptical

BRUSSELS: Greek Prime Minister Alexis Tsipras has written to international creditors saying Greece could accept a bailout offer published on June 28 if several conditions were changed, but Germany said the letter had come too late and did not go far enough.

1 July 2015 | 6:11PM |

Economy

Stemlife appoints new CEO

KUALA LUMPUR: Stemlife Bhd has appointed Sophian Abdul Rahman as chief executive officer and Hoo Yee Fong as acting chief financial officer (CFO) effective July 1.

1 July 2015 | 6:46PM |

Corporate News

Wong: ‘There’s a substantial amount of foreign holdings on MGS.’

Analysts: Greece fallout unlikely to affect Malaysia, concern about ringgit

PETALING JAYA: The fallout from Greece’s possible exit from the European Union following its debt crisis is unlikely to have a contagion effect on the Malaysian economy for now. But the concern is more on Fitch’s credit rating of Malaysia that could impact the ringgit, which is seeing minimal effects from the Greece problem.

30 June 2015 | 12:00AM |

Stocks

How much does Greece owes to international creditors?

BRUSSELS: Greece, which is set to default on an International Monetary Fund debt repayment due on Tuesday, owes official lenders 242.8 billion euros ($172.03 billion pounds), according to a Reuters calculation based on official data.

1 July 2015 | 7:10AM |

Economy

Maybank to heighten visibility in the US with new appointment

NEW YORK: Malayan Banking Bhd (Maybank) New York has hired Peter Sonza, former executive director and head of the loan markets group at Sumitomo Mitsui Banking Corp (SMBC), as head of corporate banking and loan syndication, according to an internal memo obtained by Thomson Reuters LPC.

1 July 2015 | 10:44PM |

Banking

Bumi Armada boosts allocation for FPSO operations

KUALA LUMPUR: Bumi Armada Bhd has revised how its rights issue’s gross proceeds of RM1.979mil will be utilised, raising the allocation for its floating production, storage and offloading (FPSO) and the new floating gas solutions (FGS) business units.

1 July 2015 | 8:28PM |

Corporate News

Stemlife appoints new CEO

KUALA LUMPUR: Stemlife Bhd has appointed Sophian Abdul Rahman as chief executive officer and Hoo Yee Fong as acting chief financial officer (CFO) effective July 1.

1 July 2015 | 6:46PM |

Corporate News

Tsipras offers conditional okay to bailout, creditors sceptical

BRUSSELS: Greek Prime Minister Alexis Tsipras has written to international creditors saying Greece could accept a bailout offer published on June 28 if several conditions were changed, but Germany said the letter had come too late and did not go far enough.

1 July 2015 | 6:11PM |

Economy

Market and ringgit rally on Fitch upgrade (Update)

KUALA LUMPUR: Malaysia’s equities market and the ringgit notched one of their best gains in a week after Fitch Ratings’ surprise announcement to raise the outlook on Malaysia’s currency ratings to Stable.

1 July 2015 | 5:48PM |

Markets

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