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Tengku Sulaiman joins Goodway Integrated as chairman

2 July 2015

KUALA LUMPUR: Goodway Integrated Industries Bhd has appointed Tengku Sulaiman Shah Alhaj, son of the late Sultan of Selangor Salahuddin Abdul Aziz Shah Alhaj, as independent and non-executive chairman effective July 1.

Cypark tweaks private placement plan due to market conditions

2 July 2015

KUALA LUMPUR: Cypark Resources Bhd has revised its private placement plan in line with its falling share price. The proposed placement will now be made in tranches, with the issue price of the first tranche being set 10.7% lower than what the company had indicated back in February.

Former IJM Corp CEO Teh Kean Ming now helms Keladi Maju

1 July 2015

KUALA LUMPUR: Datuk Teh Kean Ming, who retired as IJM Corp Bhd managing director (MD) and chief executive officer in April, has re-emerged as MD of property development and oil palm plantation firm Keladi Maju Bhd.

Bumi Armada boosts allocation for FPSO operations

1 July 2015

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

Greek PM maintains referendum, calls on people to vote ‘No’

1 July 2015

ATHENS: Greece’s Prime Minister Alexis Tsipras said Wednesday his country would still hold a referendum on the terms of its bailout, urging people to vote ‘No’ in order to win a better deal.

Maybank to heighten visibility in the US with new appointment

1 July 2015

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.

Frustrated Indonesian leader launches charm offensive with investors

1 July 2015

JAKARTA: Exasperated by the performance of his economics team, Indonesia’s president has personally taken on the job of promoting South-East Asia’s largest economy to skeptical investors, said palace officials and economists.

European stock markets rally as Greece makes new proposal

1 July 2015

LONDON: European stock markets rallied on Wednesday, with Greece proposing a reworked deal to its creditors as it continued to seek a bailout that would keep it in the eurozone.

Asia-Pacific carriers see slower freight demand growth in May

1 July 2015

KUALA LUMPUR: Asia-Pacific carriers reported freight demand growth of 2.8% in May compared to the same month last year, below a capacity expansion of 6.7%. In April, they had seen a demand growth of 4.5% versus a year earlier.

Market and ringgit rally on Fitch upgrade (Update)

1 July 2015

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.

KLCI rallies to 3 week high after Fitch upgrades Outlook

1 July 2015

KUALA LUMPUR: The Malaysian stock market staged a broad rally on Wednesday, with the FBM KLCI surging more than 30 points after Fitch upgraded Malaysia’s outlook to stable from negative while the ringgit strengthened against the US dollar.

Govt to impose final safeguard duty on hot rolled steel plate imports

1 July 2015

KUALA LUMPUR: Malaysia will impose a final safeguard duty on hot rolled steel plate (HRP) imports with effect from July 2, for a period of three years to protect the local industry.

Malaysia May exports seen falling 8.9%

1 July 2015

KUALA LUMPUR: Malaysia’s May exports probably fell due to slow demand for liquefied natural gas (LNG) and manufactured exports, a Reuters poll showed.

NCB re-appoints Idris as Northport chairman

1 July 2015

KUALA LUMPUR: NCB Holdings Bhd has re-appointed Datuk Idris Kechot as chairman of the board of directors of its wholly-owned subsidiary, Northport (M) Bhd, effective Wednesday.

Stemlife appoints new CEO

1 July 2015

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.

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