Business News

More Business News

  • Filter by

Kamdar appoints special auditor to help probe alleged RM8.1mil withdrawal

17 April 2014

PETALING JAYA: Kamdar Group (M) Bhd has appointed Messrs Morison Anuarul Azizan Chew as a special auditor to help in its investigation over an alleged withdrawal of RM8.7mil from its main subsidiary – Kamdar Sdn Bhd.

1MDB bulks up balance sheet

17 April 2014

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) has bulked up its balance sheet for the financial year ended March 31, 2013 (FY13), with assets and liabilities growing significantly compared with the preceding year.

CPI up 3.5% to 109.9 in March

17 April 2014

KUALA LUMPUR: The Consumer Price Index (CPI) rose 3.5% to 109.9 in March 2014 against 106.2 recorded in the same month last year, the Statistics Department said. Cumulatively, the CPI was up 3.4% in the first three months of the year to 109.7 compared with 106.1 registered in the same period a year ago.

HR Owen UK-listing cancelled

17 April 2014

PETALING JAYA: The UK Listing Authority has cancelled the listing of upmarket car dealership company HR Owen Plc, a subsidiary of Berjaya Philippines Inc, on the London Stock Exchange.

Press Metal target price raised to RM4.50, 'buy' rating kept

17 April 2014

AmResearch has maintained a “buy” call on Press Metal Bhd and raised its target price to RM4.50 per share, from RM3.07 previously, based on a 12 times price-earnings (PE) of financial year ending Dec 31, 2014 earnings per share (EPS) of 37.5 sen.

M'sian billionaire Quek firms to buy Ezion shares worth RM508mil

17 April 2014

SINGAPORE: Singapore-listed Ezion Holdings Ltd, which supplies support vessels for offshore oil fields, said it planned to sell shares to two firms in Malaysia’s Hong Leong Group, raising US$155mil (RM508.4mil) to help expand its fleet.

Hap Seng Star opens new RM60mil 'autohaus' for Mercedes cars

17 April 2014

SERI KEMBANGAN: Hap Seng Star Sdn Bhd, one of the authorised dealers of Mercedes-Benz vehicles, expects to sell more passenger vehicles this year with the opening of its new autohaus in the southern Klang Valley.

MAS share price cheapest in 12 years, makes it attractive for privatisation

17 April 2014

PETALING JAYA: The share price of Malaysia Airlines (MAS) has reached the bottom and currently trades at its cheapest valuation for the past 12 years, making it attractive for privatisation.

BHIC signs deal with MoD

17 April 2014

KUALA LUMPUR: Boustead Heavy Industries Corp Bhd (BHIC) has entered into a formal contract with the Defence Ministry (MoD) to formalise the in-service support contract awarded last month.

Petronas Dagangan to beef up cooking gas distribution in Philippines

17 April 2014

PETALING JAYA: Petronas Dagangan Bhd (PetDag), the retail arm of national oil company Petroliam Nasional Bhd, has allocated RM200mil in capital expenditure (capex) over the next three years mainly to beef up its cooking gas distribution operations in the Philippines.

BMW sees double-digit sales growth

17 April 2014

KUALA LUMPUR: BMW Group Malaysia expects total unit sales to post double-digit growth in 2014 after a strong start in the first three months.

Support Line

17 April 2014

KRETAM Holdings was very much trapped, undergoing consolidation process the past three months. The immediate hurdle is expected at the 65-sen level, followed by the pretty stiff resistance at 78.5 sen, of which a clear breakout will signal a rally continuation. Current support is resting at the 57-sen line. An additional floor is pegged at the recent lows of 53.5 sen.

Another See removed from Kian Joo board

17 April 2014

PETALING JAYA: Just a day after the last See family member was booted out from the board of Box-Pak (M) Bhd, another family member met the same fate at the AGM of its parent company, Kian Joo Can Factory Bhd.

Zelan shares up as dispute ends

17 April 2014

PETALING JAYA: Zelan Bhd’s share price climbed 1.5 sen, or 6.2%, yesterday to close at 25.5 sen on optimism that its dispute settlement with Middle-East company Meena Holdings LLC may aid its turnaround plans.

CITIC Pacific in US$36.5bil deal

17 April 2014

HONG KONG: China’s CITIC Pacific has agreed to buy the main operating unit of its parent, state-backed CITIC Group, for 226.93 billion yuan (US$36.5bil) in a stock and cash deal.

Page 1 of 97 Next Go to page:

advertisement

  1. Another developer from China comes to Johor Baru, plans RM10bil project
  2. Car ownership in M’sia third highest in the world: Nielsen
  3. Eastspring Investments launches target income fund
  4. Four in 5 parents wished they had saved earlier for education
  5. MAS privatisation will cost Khazanah RM1.18bil
  6. Anthony See ousted from Box-Pak
  7. Don't fear trade pacts as overall M'sia will benefit
  8. Self-service launderettes are seeing a resurgence in Klang Valley
  9. AirAsia Group says will move into KLIA2 by May 9 (Update)
  10. Chinese gold demand may rise 20% by 2017

advertisement

advertisement