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Diary Malaysia Friday May 29

29 May 2015

KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS

UMW to depend less on automotive segment

29 May 2015

SHAH ALAM: UMW Holdings Bhd is looking to diversify its revenue streams in the current financial year ending Dec 31, 2015 to reduce its dependency on the automotive segment.

AirAsia Bhd chairman Datuk Pahamin A. Rajab

LNG Resources to spend RM25mil

29 May 2015

GEORGE TOWN: Precision tooling specialist LNG Resources Bhd is injecting about RM25mil to expand its operations in Penang and Muar and also to set up a test facility in the United States

RHB Asset Management to raise RM100mil via new fund

29 May 2015

KUALA LUMPUR: RHB Asset Management Sdn Bhd aims to raise RM100mil over the next six months with its RHB Islamic Global Developed Markets Fund, which gives investors long-term capital growth.

RAM puts Tan Chong on negative credit watch

29 May 2015

KUALA LUMPUR: RAM Rating Services Bhd has put Tan Chong Motor Holdings Bhd on negative credit watch from stable previously, citing concerns about stiff competition in the car market and currency fluctuations.

Can-One shareholders approve stake buy

29 May 2015

PETALING JAYA: The majority of tin can manufacturer Can-One Bhd’s shareholders have voted for the proposed buyout of a minority stake in F&B Nutrition Sdn Bhd in an all-share deal worth RM112.9mil.

AirAsia X retreats 3.7% after posting biggest loss

29 May 2015

PETALING JAYA: AirAsia X Bhd’s (AAX) shares fell 1 sen or 3.7% yesterday to 25.5 sen as the long haul budget airline posted a wider net loss of RM125.9mil for the first quarter ended March 31, 2015.

IHH net profit advances 7.8% to RM171mil

29 May 2015

KUALA LUMPUR: IHH Healthcare Bhd’s net profit for its first quarter ended March 31, 2015 rose 7.8% to RM171.48mil from RM159mil a year ago.

Tremendous opportunities seen in Asean

29 May 2015

KUALA LUMPUR: The Asean region offers tremendous opportunities for investors despite recording less-than-enthusiastic growth compared to other countries, according to UOB Asset Management (Malaysia) Bhd executive director and chief executive officer Lim Suet Ling.

Farid: ‘We are closely monitoring regional developments, particularly the level of business activity post-implementation of the goods and services tax.’

Malaysia's largest bank, Maybank, net profit up 6% to RM1.67bil

29 May 2015

PETALING JAYA: The country’s largest bank by assets, Malayan Banking Bhd (Maybank), says it is expecting a “challenging year” even as it reported a 6.2% year-on-year net profit increase in its first quarter ended March 31.

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