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Matrix Concepts buys land in Puchong

KUALA LUMPUR: Property developer, Matrix Concepts is acquiring a 5.8 acre land from IRDK Ventures Sdn Bhd for a residential development project in Puchong, Selangor for RM95mil.

21 April 2015 | 5:42PM |

Business

CIMB Research upbeat on SapuraKencana

KUALA LUMPUR: CIMB Equities Research has advised investors to accumulate SapuraKencana Petroleum shares as its robust order backlog of RM25.7bil and good leverage in the international market give the company an edge over its peers.

20 April 2015 | 9:21AM |

Analyst Reports

Oil unlikely to hit new 2015 lows, say traders

LAUSANNE (Switzerland): Oil prices could weaken again but they are unlikely to plumb new depths this year, leading commodities traders said on Tuesday, citing strengthening demand. - Reuters

21 April 2015 | 11:37PM |

Oil & Gas

Yee Lee to distribute Red Bull energy drinks

PETALING JAYA: Yee Lee Corp Bhd, which distributes brands from Red Eagle to Spritzer, has been appointed the exclusive distributor of Red Bull Gold, Red Bull Less Sugar and Red Bull Bottle energy drinks by Allexcel Trading Sdn Bhd.

21 April 2015 | 11:29PM |

Corporate News

Harley-Davidson says strong dollar hits sales

CHICAGO: A strong US dollar allowed Harley-Davidson Inc’s foreign competitors to aggressively undercut its prices in the first quarter, the iconic motorcycle maker said on Tuesday, hurting sales and prompting it to lower 2015 shipment forecasts. - Reuters

21 April 2015 | 10:55PM |

Automotive

Penang land sold within the IJM group for RM402.8mil

KUALA LUMPUR: IJM Properties Sdn Bhd’s subsidiary Aura Hebat Sdn Bhd will acquire 32.76 acres within the IGB group’s existing The Light Waterfront development in Penang for RM402.8mil and develop it into an integrated waterfront mixed-use development.

21 April 2015 | 9:09PM |

Corporate News

Goh Ban Huat declares 12 sen dividend

KUALA LUMPUR: Ceramic ware manufacturer Goh Ban Huat Bhd (GBH), whose net profit fell 95% to RM241,000 in the financial year ended Dec 31, 2014, declared a first interim dividend of 12 sen per RM1 share on Tuesday.

21 April 2015 | 7:42PM |

Corporate News

Matrix Concepts buys land in Puchong

KUALA LUMPUR: Property developer, Matrix Concepts is acquiring a 5.8 acre land from IRDK Ventures Sdn Bhd for a residential development project in Puchong, Selangor for RM95mil.

21 April 2015 | 5:42PM |

Business

Singtel bids farewell to ASX

KUALA LUMPUR: Singapore Telecommunications Ltd (Singtel) is seeking a delisting from the Australian Securities Exchange (ASX) where its securities are listed in the form of Chess Depositary Interests (CDIs).

21 April 2015 | 5:08PM |

Corporate News

UK chip designer ARM hits a high after iPhone 6 boost

ARM Holdings, the British chip designer favoured by Apple, beat expectations for first-quarter profit thanks to demand for the iPhone 6, and said its royalties would grow as its latest technology is used in more smartphones.

21 April 2015 | 5:03PM |

Earnings

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