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Airport train service expands capacity, buys six trains

26 November 2014

KUALA LUMPUR: Express Rail Link Sdn Bhd (ERLSB), the owner and operator of the country’s international airport express train service, is acquiring six new four-car trains from China to boost its capacity by 50% to meet the growing ridership.

S. Korean firms keen on high-speed rail link project

26 November 2014

KUALA LUMPUR: South Korea is keen to bid for the Malaysia-Singapore high-speed rail link project that will cut travel time between the two nations to 90 minutes.

Nasdaq halts trading of MOL pending information

26 November 2014

PETALING JAYA: Tech-heavy Nasdaq announced that it halted trading in MOL Global Inc pending additional information from the company.

HLB Q1 profit up marginally to RM547.6mil

26 November 2014

PETALING JAYA: Hong Leong Bank Bhd (HLB) recorded a marginal growth in net profit to RM547.57mil for the first quarter ended Sept 30, 2014 against RM544.49mil a year ago.

Corus Hotel Hyde Park is among the assets owned by MUI.

MUI in talks for sale of certain ‘substantial’ assets

26 November 2014

PETALING JAYA: Malayan United Industries Bhd (MUI) is exploring the possibility of disposing of certain “substantial” assets and is currently in talks with a potential buyer.

Boustead unit awards RM20mil contract for vessels

26 November 2014

PETALING JAYA: Boustead Holding Bhd subsidiary, Boustead Naval Shipyard (BNS), has awarded a £3.88mil (RM20.39mil) contract to Contraves Advanced Devices Sdn Bhd (CAD) for the delivery of six patrol vessels.

Husni: ‘We expect two more companies to be listed by year-end’.

Teraju creates RM46.5bil worth of business

26 November 2014

KUALA LUMPUR: The Government’s Bumiputra Agenda Steering Unit (Teraju) established in 2011, has created some RM46.5bil worth of business opportunities, financing and human capital development for bumiputras as at June this year.

Sona gets SC approval, faces task to secure Salamander Energy asset

26 November 2014

PETALING JAYA: Sona Petroleum Bhd may have received approval from the Securities Commission (SC) but it faces a testing time to secure the asset it is eyeing which is owned by UK-listed Salamander Energy Plc.

Trading ideas: Parkson, Axiata, Sona Petroleum, IJM Corp, Silk Holdings

25 November 2014

KUALA LUMPUR: JF Apex Research expects Parkson, Axiata Group, Sona Petroleum, IJM Corp and Silk Holdings are the counters which could see trading interest on Tuesday.

Sona committed to Salamander deal

25 November 2014

PETALING JAYA: Sona Petroleum Bhd said it remained committed to complete a proposed transaction with Salamander Energy plc under the terms of the sale and purchase agreement dated July 18.

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