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1 day ago

Boeing, AT&T power Wall St to record; Fed in focus

NEW YORK: Wall Street got a big boost from strong corporate earnings on Wednesday, with all three major indexes hitting record highs, while investors awaited the outcome of a two-day Federal Reserve meeting.

1 day ago

IMF to launch new form of aid - with no money

WASHINGTON: The International Monetary Fund (IMF) announced Wednesday it will launch a new tool to support governments in financial trouble: one that involves no money.

1 day ago

Boeing shares hit record after cost cuts lift second-quarter profit

NEW YORK: Boeing Co shares soared more than 8% to a record high after the world’s biggest plane maker posted second-quarter profit and cash flow well ahead of Wall Street estimates and lifted its full-year forecasts, helped by aggressive cost cutting.

1 day ago

LBS Bina to build service apartments in Seri Kembangan


KUALA LUMPUR: LBS Bina Group Bhd plans to develop four towers of service apartments with an estimated gross development value of about RM600mil in Seri Kembangan, Selangor.

1 day ago

Portfolio inflows in Asian emerging markets expected to rebound

KUALA LUMPUR: Portfolio inflows in emerging markets in Asia are expected to rebound after falling sharply to well below benchmark level, said Frank Warnock, University of Virginia’s professor of business administration.

1 day ago

SYF sells board business to sister firm Mieco for RM58.6mil

KUALA LUMPUR: Property developer and furniture maker SYF Resources Bhd plans to divest its particle board and medium-density fibre board business to Mieco Chipboard Bhd for RM58.58mil to improve its overall financial position.

1 day ago

Malaysia Airlines to launch haj and umrah charter service

KUALA LUMPUR: Malaysia Airlines Bhd (MAB) plans to start a new charter flight service for the annual haj and umrah in Saudi Arabia.

1 day ago

MMC’s RM15bil order book to keep it busy for next five years

KUALA LUMPUR: MMC Corp Bhd’s order book remains robust at RM15bil, enough to keep it busy for the next five years.

1 day ago

Heineken Malaysia increases its profit amid a soft market

KUALA LUMPUR: Heineken Malaysia Bhd posted a 1.6% year-on-year profit growth for the second quarter ended June 30 despite an 11.5% drop in revenue owing to the soft market sentiment.

1 day ago

Gadang FY17 earnings cross RM100m

KUALA LUMPUR: Gadang Holdings Bhd's earnings crossed the RM100mil level in the financial year ended May 31, 2017 due to improved profit margins from construction projects and higher contributions from its property business.

1 day ago

Asean stocks higher; Philippine index closes at 1-year top


SINGAPORE: Most Southeast Asian stock markets edged up on Wednesday as investors bet the U.S. Federal Reserve would leave interest rates unchanged, focusing instead on when it would start paring its massive bond holdings.

1 day ago

Sunsuria expands to Sentul as it seeks new opportunities, says Ter

KUALA LUMPUR: Sunsuria Bhd plans to undertake a mixed development project in Sentul, Kuala Lumpur, as part of its effort to pursue new development opportunities, said executive chairman Datuk Ter Leong Yap.

1 day ago

Banks give KLCI late lift, volume shrinks


KUALA LUMPUR: Late buying of CIMB, Public Bank and Genting Bhd underpinned the FBM KLCI's slim gains at the close on Wednesday but traders were seen staying on the sidelines as trading volume shrunk to the lowest since July 7.

1 day ago

AirAsia eyes listing Indonesian, Philippine subsidiaries by Q1 next year

KUALA LUMPUR: AirAsia Bhd’s plans to list its Indonesian and Philippine subsidiaries are in progress and they are expected to make their debuts on the respective countries’ stock exchange latest by the first quarter (Q1) of next year.

1 day ago

Top Glove invests RM75mil on condom production

KUALA LUMPUR: Top Glove Corp Bhd has allocated an initial investment of RM75mil for the first phase of the company’s condom production starting August 2018.

1 day ago

First Facebook TV episodes are said to be ready for mid-August

LOS ANGELES: Facebook Inc.’s version of television is coming online in mid-August after several false starts, according to people familiar with the matter.

1 day ago

Muhibbah Engineering receives payment from project in Qatar

KUALA LUMPUR: Muhibbah Engineering (M) Bhd has received full payment for its road and infrastructure works project in Qatar, says its group finance director Shirleen Lee.

1 day ago

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

1 day ago

No revision to listing and clearing fees this year

KUALA LUMPUR: Bursa Malaysia Bhd will not make any revision on its listing and clearing fees for this year.

1 day ago

Mah Sing to focus on landbank expansion in Klang Valley

KUALA LUMPUR: Property developer Mah Sing Group plans to increase its landbank in the Klang Valley to make up 75% of its total landbank in the next two to three years from 67% currently.

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