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Angel investors association eyes RM10mil fund in a year

11 August 2015

KUALA LUMPUR: The Malaysian Business Angel Network (MBAN), a trade association for angel investors, targets to garner RM10mil through the “Angels in the City” programme within a year.

Malaysian market in correction mode, sentiment remains weak

11 August 2015

PETALING JAYA: The ringgit seems to be finding some resistance at breaching the 3.93 mark against the US dollar. However, it brings little respite to the stock market as poor sentiments pushed Bursa Malaysia lower – the third consecutive day of decline.

Stockpiles rise: Oil palms in a plantation in Malaysia. Palm oil stockpiles in the country rose 5.3 to 2.27million tonnes in July from a month earlier.

Palm oil reserves jump, price may weaken further

11 August 2015

KUALA LUMPUR: Palm oil stockpiles in Malaysia expanded to the highest since November after production climbed in the world’s biggest supplier after Indonesia. Stockpiles rose 5.3% to 2.27 million tonnes in July from a month earlier and 34% from a year ago.

Scomi Energy bags RM140mil marine services jobs

11 August 2015

KUALA LUMPUR: Scomi Energy Services Bhd's marine services unit has secured contracts worth more than RM140mil in the last four months from within the region, it announced today.

Bison IPO offers 81 million shares

11 August 2015

PETALING JAYA: Newsstand and convenience store operator Bison Consolidated Bhd is offering 80.6 million shares for its proposed initial public offering (IPO) on the Main Market of Bursa Malaysia.

AirAsia Indonesia to meet equity rule

11 August 2015

JAKARTA: AirAsia Bhd’s Indonesian unit is confident it can meet a rule set by the country to increase its equity portion to keep its operating licence. “We are in the process of converting our debt (group level) to equity. It should be no problem,” co-founder and group CEO Tan Sri Tony Fernandes told reporters after celebrating its 300 millionth guest here.

CEO sells entire stake in TMS

11 August 2015

KUALA LUMPUR: The Media Shoppe Bhd (TMS) chief executive officer Christopher Chan has ceased to be the company’s substantial shareholder.

Buying of TRX land from 1MDB not a rushed deal, says Affin

11 August 2015

KUALA LUMPUR: Affin Bank Bhd, which is acquiring a 1.25-acre piece of land located in the Tun Razak Exchange (TRX) for RM255mil, has been in discussions with TRX since 2012.

Malaysian palm oil price continues decline amid caution over data

11 August 2015

JAKARTA: Malaysian palm oil futures ticked lower on Monday, extending losses into a seventh week as traders remained cautious over trade and production data released on Monday, despite signs that shipments from the world's second-largest producer increased this month.

Twitter interim CEO Dorsey buys more shares in show of faith

11 August 2015

NEW YORK: Twitter Inc interim Chief Executive Jack Dorsey joined other insiders in buying more shares in the company in a show of confidence in the stock, which traded at a record-low last week.

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