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Cautious approach

KUALA LUMPUR: Malayan Banking Bhd (Maybank), the country’s biggest banking group by assets, is adopting a cautious approach in its second half and has revised down its loans growth for this year.

EPF Q2 investment income up nearly 10% to RM11.4b (Update)

KUALA LUMPUR: The Employees Provident Fund’s (EPF) investment income rose 9.73% to RM11.41bil in the second quarter ended June 30, 2015, with equities accounting for 61% of total income.

RHB Capital posts RM1bil earnings in first half of 2015 (Update)

KUALA LUMPUR: RHB Capital Bhd reported a set of credible earnings in the first half ended June 30, 2015 at RM1bil amid a challenging environment but expects its IGNITE 2017 Transformation Programme to gain traction and produce positive results.

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Going big on shrimps

PETALING JAYA: QL Resources Bhd is spending RM150mil in capital expenditure (capex) in these two years, and a big bulk of it is being used to grow its shrimp farming business.

28 August 2015 | 12:00AM |

ql resources

Gan: ‘The company gains on export activities.’

Weaker ringgit a windfall for VS Industry

SENAI: For VS Industry Bhd, one of the top 50 electronics manufacturing service providers in the world, the weakening of the ringgit against the greenback is a windfall as it gains on export activities.

28 August 2015 | 12:00AM |

Investing

FGV to sell Canadian facility

PETALING JAYA: Felda Global Ventures Holdings Bhd (FGV) has proposed to dispose of its oilseeds crushing and refining plant in Canada to Viterra Inc for a cash consideration of C$190mil (RM608.2mil).

28 August 2015 | 12:00AM |

Plantations

UEM Sunrise eyes up to RM500mil sales from campaign

KUALA LUMPUR: Property developer UEM Sunrise Bhd aims to secure sales worth RM300 million to RM500 million during its two-month Signature Selection campaign, said managing director and chief executive officer Anwar Syahrin Abdul Ajib.

27 August 2015 | 2:41PM |

Business

KLCI advances nearly 13pts, AirAsia flies higher

KUALA LUMPUR: Key Asian markets and Bursa Malaysia chalked up solid gains on Friday, buoyed by the firmer overnight close on Wall Street, while the FBM KLCI extended its recovery for the fourth trading day and added nearly 13 points.

28 August 2015 | 10:34AM |

Markets

Messaging app Line says still considering IPO

Popular Japanese messaging app Line said it was still considering plans for an initial public offering, after a report said it had shelved the sale for a second year in a row.

28 August 2015 | 4:11PM |

Stocks

KLCI advances nearly 13pts, AirAsia flies higher

KUALA LUMPUR: Key Asian markets and Bursa Malaysia chalked up solid gains on Friday, buoyed by the firmer overnight close on Wall Street, while the FBM KLCI extended its recovery for the fourth trading day and added nearly 13 points.

28 August 2015 | 10:34AM |

Markets

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