Business

IJM streamlines The Light Waterfront project

PETALING JAYA: IJM Corp Bhd has announced a related-party transaction which involves the transfer of The Light Waterfront development in Penang from Jelutong Development Sdn Bhd to Aura Hebat Sdn Bhd (AHSB). Both companies are its subsidiaries.

Datuk Abdullah Karim chair press conference about Petronas Floating LNG1.next are Colin Wong.

Petronas cuts cost with new vessels

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), which is building two floating liquefied natural gas (FLNG) facilities, said the new vessels would lower the production cost of smaller gas fields.

Ooi: ‘The discussions are on potential changes or additions to the project’s scope of works.’

LRT extension job to lift George Kent earnings

PETALING JAYA: George Kent (M) Bhd, an engineering specialist, expects the acceleration of works at the RM1.1bil Ampang Light Rail Transit, or LRT line extension project, to boost its earnings for the financial year ending Jan 31, 2016.

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Strong buying of Genting, PetChem boosts market

KUALA LUMPUR: Strong buying of Genting Bhd and Petronas Chemicals Group Bhd by institutions, along with persistent interest in lower liners helped propel the FBM KLCI to close at 1,862 points, the highest since September 2014.

22 April 2015 | 12:00AM |

Market

Crude oil rebound sustainable

KUALA LUMPUR: US Light sweet crude oil futures rebounded strongly from the recent low of US$42.03 on March 18 to a high of US$57.42 on April 16 before turning rangebound on consolidation.

21 April 2015 | 1:56PM |

Oil & Gas

Construction of MRT reaches 61.9%

KUALA LUMPUR: The construction of the Mass Rapid Transit (MRT) project has reached 61.9%, said MRT Corp Sdn Bhd chief executive officer, Datuk Seri Shahril Mokhtar.

21 April 2015 | 2:46PM |

Corporate News

Bumi Armada rebounds, near late November high

KUALA LUMPUR: Bumi Armada Bhd’s share price rose to a high of RM1.28 on Tuesday, which was near the late November high of RM1.36 before it skidded in line with the collapse in crude oil prices.

21 April 2015 | 3:26PM |

Oil & Gas

Trading ideas: ManagePay, Yee Lee, Matrix Concepts, GBH

KUALA LUMPUR: JF Apex Research expects ManagePay Systems, Yee Lee and Matrix Concepts to attract trading interest on Wednesday. Also in focus could be Goh Ban Huat after announcing a special dividend of 12 sen per share.

22 April 2015 | 9:00AM |

Markets

Trading ideas: ManagePay, Yee Lee, Matrix Concepts, GBH

KUALA LUMPUR: JF Apex Research expects ManagePay Systems, Yee Lee and Matrix Concepts to attract trading interest on Wednesday. Also in focus could be Goh Ban Huat after announcing a special dividend of 12 sen per share.

22 April 2015 | 9:00AM |

Markets

Foreign funds net buyers at RM187m

KUALA LUMPUR: Foreign funds were net buyers on Tuesday with net buying hitting RM187.6mil as the FBM KLCI advanced to 1,862 – the highest since September 2014.

22 April 2015 | 8:52AM |

Markets

Earnings cloud drags down Dow

NEW YORK: U.S. stocks were a mixed bag on Tuesday, with the Dow ending lower after a handful of uninspiring earnings reports while the Nasdaq closed near a record high following a proposed biotech merger.

22 April 2015 | 7:51AM |

Corporate News

Strong buying of Genting, PetChem boosts market

KUALA LUMPUR: Strong buying of Genting Bhd and Petronas Chemicals Group Bhd by institutions, along with persistent interest in lower liners helped propel the FBM KLCI to close at 1,862 points, the highest since September 2014.

22 April 2015 | 12:00AM |

Market

CIMB Thai posts RM35mil profit in first quarter

PETALING JAYA: CIMB Thai Bank PCL, a unit of the CIMB Group, posted a 70% drop in net profit to 310.3 million baht (RM34.9mil) for the first quarter ended March 31 from a year ago, as the bank more than doubled its loan loss provisions.

22 April 2015 | 12:00AM |

CIMB Thai

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