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Apollo Food Q2 net profit falls 27% to RM4.8mil

22 December 2014

KUALA LUMPUR: Apollo Food Holdings Bhd’s net profit in the second quarter ended Oct 31, 2014 fell 27% to RM4.8mil from RM6.6mil despite revenue climbing 6.5% to RM51.4mil from RM48.2mil in the corresponding period a year earlier.

Deleum unit gets Petronas Carigali job

22 December 2014

KUALA LUMPUR: Deleum Bhd's unit Deleum Primera Sdn Bhd has clinched an award from Petronas Carigali Sdn Bhd on Nov 18 for the provision of painting and alternative blasting.

KLCI ends Monday almost 29 points up

22 December 2014

KUALA LUMPUR: The FBM KLCI extended its gains on Monday and ended the day nearly 29 points higher in tandem with the firmer Asian equities, as the oil price recovery helped in aiding investors' sentiments.

Spot gold edged up 0.4% to US$1,199.86 an ounce at 0759 GMT on Monday, after losing about 2% last week.

Gold inches higher on weaker dollar, Asian buying

22 December 2014

SINGAPORE: Gold edged up on Monday on buying interest from Asia and as the dollar retreated, but gains were kept in check by stronger equities that dulled the metal's safe haven appeal.

Far from cutting back production, Saudi Arabia's Oil Minister Ali Al-Naimi says the kingdom is, in fact, prepared to increase oil output and claim a bigger market share should new customers emerge - AFP Photo.

Saudi minister says ready to raise output if new clients emerge

22 December 2014

DUBAI: Saudi Arabia is prepared to increase its oil output and claim a bigger market share to meet the demands of new customers, Monday's edition of the Saudi-owned al-Hayat newspaper quoted the kingdom's oil minister as saying.

MAS welcomes 100th Boeing 737 aircraft

22 December 2014

SEPANG: Malaysia Airlines (MAS) today welcomed the arrival of its 100th Boeing 737 aircraft, celebrating more than 40 years of partnership with the aircraft manufacturer.

November vehicle sales increase to 55,313 units

22 December 2014

KUALA LUMPUR: Sales of passenger and commercial vehicles in November 2014 increased to 55,313 units from 52,252 units in the same period last year, said the Malaysian Automative Association (MAA).

Former Rapid KL head of operations to lead Prasarana Group

22 December 2014

KUALA LUMPUR: The former Head of Rapid KL rail operations, Azmi bin Abdul Aziz, will return to Prasarana Malaysia Bhd (Prasarana) as group managing director, effective Jan 1, 2015.

Bina Puri secures Kota Kinabalu project

22 December 2014

KUALA LUMPUR: Bina Puri Holdings Bhd has secured a project in Kota Kinabalu, Sabah, boosting its unbuilt book order to RM2.01bil.

KLCI continues rebound, up 24 points at midday

22 December 2014

KUALA LUMPUR: The local market is continuing its three-day rally from last week, surging 24.28 points at the break on Monday on a day when sentiments stayed bright and positive all around in Asian markets.

Salcon, Loh & Loh win RM470mil Langat sewage contract

22 December 2014

KUALA LUMPUR: Salcon Bhd has announced that its subsidiary Salcon Engineering Bhd, together with Loh & Loh Construction Sdn Bhd, have won a RM470mil contract from MMC Corp Bhd to build Langat Centralised sewage treatment plant.

Aviation players beaming with optimism on sector's outlook

22 December 2014

KUALA LUMPUR: Aviation industry players are beaming with optimism on the sector's outlook next year, as the current slump in global oil prices will lower airlines' operating cost.

Mega mergers to be the highlight in Malaysian Islamic banking in 2015

22 December 2014

KUALA LUMPUR: Malaysia's Islamic banking sector is set to attract global limelight next year with the formation of the world's first mega Islamic bank amid challenging times next year.

Asian shares take cue from Wall Street's rally

22 December 2014

TOKYO: Asian shares took their cues from Wall Street and kicked off a holiday-shortened week on a strong footing on Monday, while the euro touched a fresh two-year low against the greenback on divergent monetary policy expectations.

PNB appoints Idris Kechot as COO

22 December 2014

KUALA LUMPUR: Permodalan Nasional Berhad (PNB) has appointed Datuk Idris Kechot as its deputy president and group chief operating officer effective December 2014.

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