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Sime Darby appoints new deputy chairman

31 July 2015

KUALA LUMPUR: Sime Darby Group redesignated Tan Sri Wan Abdul Aziz Wan Abdullah as deputy chairman on Friday following the resignation of Tan Sri Hamad Kama Piah Che Othman.

Maybank and CIMB drive KLCI’s rebound

31 July 2015

KUALA LUMPUR: Maybank and CIMB underpinned the FBM KLCI’s technical rebound on Friday, the final day of July, and sent the index up nearly 1.4% in line with the firm regional markets.

SC charges ex-Ranhill director Amran Awaluddin with insider trading

31 July 2015

KUALA LUMPUR: The Securities Commission has charged two persons at the Kuala Lumpur Sessions Court with insider trading offences involving the shares of Ranhill Power Bhd in 2007.

AirAsia seeks RM409m from MAHB over klia2, LCCT

31 July 2015

KUALA LUMPUR: AirAsia Bhd is seeking RM409mil for alleged loss and damages incurred operating from klia2 as well as from the low-cost carrier terminal.

Sam Malaysia invests RM190m to increase production

31 July 2015

GEORGE TOWN: SAM Engineering and Equipment (M) Bhd (SAM Malaysia) is reinvesting another US$50 million (RM190 million) on new machines to produce components for the aviation sector.

Ringgit closes lower against US dollar

31 July 2015

KUALA LUMPUR: The ringgit ended the week on an easier note in line with the bearish performance of most emerging Asian currencies.

REDtone's pre-tax profit increases to RM14.48m

31 July 2015

KUALA LUMPUR: REDtone International Bhd's pre-tax profit was up by RM2.11 million to RM14.48 million for the financial year ended May 31, 2015 from RM12.37 million registered in the previous financial year.

MAHB 1H results in line with expectations, says Moody's

31 July 2015

KUALA LUMPUR: Moody's Investors Service says Malaysia Airports Holdings Bhd's (MAHB) first half (1H) 2015 results are in line with expectations, and will have no impact on its A3 issuer rating.

Tradewinds Corp buys land near ex-Istana Negara for RM258m

31 July 2015

KUALA LUMPUR: Tradewinds Corporation Bhd has purchased 12.2 acres of land at Jalan Belfield in the vicinity of the former Istana Negara for RM258mil, which will be the lauch site for its maiden mixed-use development.

El Nino may hasten rebound in sugar prices

31 July 2015

LONDON: An El Nino weather pattern damaging sugar crops may mean global demand will outstrip production to a greater extent than expected in the upcoming season, hastening a rebound in prices from a 6-1/2 year low hit last month.

Asian imports of Iran oil rise 13% in June

31 July 2015

TOKYO: Asian imports of Iranian crude oil rose from a year ago in June, the last month before a landmark agreement that will eventually lead to more exports from the country was reached on Tehran's disputed nuclear programme.

IJM outstanding order-book hits record high of RM7bil

31 July 2015

KUALA LUMPUR: Construction group IJM Corporation Bhd's outstanding order-book hit a record high of about RM7bil, fuelled by new projects it secured locally in its financial year ended March 31, 2015.

US oil firms turn to fracking mixology as crude slides again

31 July 2015

WILLISTON: US oil companies, under renewed pressure from falling crude prices, are increasingly tweaking and mixing fracking technologies as they scramble to squeeze more out of wells and eke out profits after rounds of cost-cutting.

RHB Bank eyes e-retail products to boost market share

31 July 2015

KUALA LUMPUR: RHB Bank Bhd is confident of increasing its market share of online cash management segment from 7% to 10% by 2017, buoyed by innovative e-retail products.

Top foreign and local news at 3pm

31 July 2015

Top foreign and local news at 3pm

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