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Audit firm may clear two Tanjung Offshore board members

25 May 2015

KUALA LUMPUR: A forensic audit report on Tanjung Offshore Bhd to be released soon is expected to clear the company’s executive deputy chairman Tan Sri Tan Kean Soon and board member Muhammad Sabri Ab Ghani of any financial irregularities.

Pre-GST stock reduction hits Carlsberg Malaysia’s bottom line

25 May 2015

KUALA LUMPUR: Carlsberg Brewery Malaysia Bhd reported a 9.7% drop in net profit for the first quarter (Q1) ended March 31 to RM47.2mil, due mainly to lower sales volume in the Malaysia operations ahead of the goods and services tax (GST) implementation.

Profit of Boustead Holdings cut by half

25 May 2015

KUALA LUMPUR: Buustead Holdings Bhd’s profit after tax for the first quarter ended March 31, 2015, was halved to RM43.1mil a year earlier as its plantation and finance divisions contributed much less.

Maybank Kim Eng to increase capital invested in Vietnam in two years

25 May 2015

HO CHI MINH CITY: Maybank Kim Eng plans to increase its capital investment in Vietnam to US$50mil (RM180.7mil) in the next two years from US$40mil (RM144.5mil) in 2014.

TM forms consortium for Malaysia-Cambodia-Thailand subsea cable system

25 May 2015

KUALA LUMPUR: Telekom Malaysia Bhd (TM) has sealed an agreement with Symphony Communication of Thailand and Telcotech of Cambodia to form a consortium to establish the Malaysia-Cambodia-Thailand (MCT) submarine cable system.

IFCA MSC in the dark over share price fall

25 May 2015

KUALA LUMPUR: Software and IT systems company IFCA MSC Bhd is not aware of any corporate development, rumour, report or any other possible reason for the sharp drop in its share price recently.

Sime Darby to miss headline KPI targets

25 May 2015

KUALA LUMPUR: Sime Darby Bhd said the group will not meet its target headline key performance indicators (KPIs) in regard to its profit and return on average shareholders’ equity for this financial year ending June 30 (FY15).

Uzma associate bags Petronas jobs worth RM166m

25 May 2015

KUALA LUMPUR: Uzma Bhd’s 40% owned Sazma Aviation Sdn Bhd has secured two contracts worth RM166.50mil from Petroliam Nasional Bhd’s (Petronas) unit to provide aviation services.

Mitrajaya and other shareholder in Optimax try to sell each other their stake

25 May 2015

KUALA LUMPUR: Mitrajaya Holdings Bhd is identifying other potential buyers for its 51% stake in Optimax Eye Specialist Centre Sdn Bhd after Datuk Tan Boon Hock, which owns the rest of the equity in Optimax, declined to exercise his option to buy it.

Kamdar goes through trial by fire, flood and GST

25 May 2015

KUALA LUMPUR: Fire, flood and the goods and services tax (GST) have affected the performance of Kamdar Group (M) Bhd’s stores over the last 12 months, according to its 2014 annual report.

E & O unit seeks listing in London

25 May 2015

KUALA LUMPUR: Eastern & Oriental Bhd (E & O) is seeking to list an indirect unit on the London Stock Exchange (LSE) to support its expansion in the UK.

Market sentiment takes a hit as Tenaga slumps

25 May 2015

KUALA LUMPUR: Malaysia’s blue chips index, the FBM KLCI, closed down more than 20 points on Monday as market sentiment took a hit on worries Tenaga Nasional may buy 1MDB’s power assets at lofty prices.

Cocoaland board rejects Navis Asia takeover offer

25 May 2015

KUALA LUMPUR: Cocoaland Holdings Bhd has rejected the takeover offer by Navis Asia VII Management Company Ltd.

FGV to supply premier oil palm seeds in Mindanao

25 May 2015

KUALA LUMPUR: Felda Global Ventures Holdings Bhd (FGV) subsidiary Felda Agriculture Services Sdn Bhd (FASSB) has ventured into the Philippine market to supply its premier oil palm seeds to planters in Mindanao.

EPF i-Akaun usage increases 100%

25 May 2015

KUALA LUMPUR: The usage of i-Akaun, an online facility to check Employees Provident Fund (EPF) savings, has increased to over 100% in the first quarter ended March 31.

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