Ganeshwaran Kana

Recent and archived articles by Ganeshwaran Kana

22 Dec 2018 | 7:00 AM

When margin comes a-calling

The wipe-out of Abu Hassan’s Prestariang stake should serve as a warning to investors.

21 Dec 2018 | 7:00 AM

7 research houses recommend 'buy' calls on MRCB shares

PETALING JAYA: Investors scooped up shares of Malaysian Resources Corp Bhd (MRCB) following the latest news that the company has pocketed a land disposal payment of RM1.07bil, pushing the stock up by 2.56%

At the close of trading yesterday, the construction and property development company was up by 1.5 sen to 60 sen. A total of 21.18 million shares changed hands.  The Main Market-listed MRCB was also among Bursa Malaysia’s top 20 most active counters.
20 Dec 2018 | 7:00 AM

EPF records stronger total investment income of RM14.61bil

PETALING JAYA: The Employees Provident Fund (EPF) reported a stronger total investment income of RM14.61bil in the third quarter ended Sept 30, but cautioned that it would be a challenge to sustain a similar momentum in the last three months of the year.

Better performance: The retirement fund reported a 13 increase in total investment income to RM14.6bil in the third quarter ended Sept 30 from RM13bil in the same period last year.
19 Dec 2018 | 7:00 AM

World Bank follows IMF in cutting Malaysia's GDP to 4.7%

KUALA LUMPUR: Barely a week after the International Monetary Fund slashed Malaysia’s economic growth forecast for 2018 to 4.7%, the World Bank has followed suit by cutting the country’s growth forecast for the second time this year.

(from left) The World Bank country director for Brunei, Malaysia, Philippines and Thailand Mara Warwick, Deputy Health Minister Dr Lee Boon Chye, Economic Affairs Ministry secretary-general Datuk Saiful Anuar Lebai Hussen, the World Bank group representative to Malaysia and country manager Firas Raad and the Economic Affairs Ministry deputy secretary general of policy Datuk Dr Noor Zari Hamat during the launch of the 19th Malaysia Economic Monitor.
18 Dec 2018 | 2:15 PM

World Bank lowers Malaysia GDP growth again to 4.7%

KUALA LUMPUR: The World Bank slashed Malaysia’s 2018 economic growth projection for the second time this year, bringing the forecast slightly lower than the Finance Ministry’s official guidance of 4.8%.

The government’s declining expenditure as well as lower public and private investments have led the World bank to cut its gross domestic product (GDP) forecast in 2018 to 4.7%, down from 4.9% as stated in October this year.
18 Dec 2018 | 7:00 AM

Hiap Teck eyes stronger earnings growth

SHAH ALAM: Steel pipe maker Hiap Teck Venture Bhd eyes a stronger bottom line growth in its current financial year of 2019 (FY19), driven by exports of higher margin products and the turnaround of its steel slabproducing joint-venture, Eastern Steel Sdn Bhd.

According to the group’s executive director Foo Kok Siew (pic), aside from the stronger revenue contribution through exports, the turnaround of Eastern Steel will be substantial in boosting Hiap Teck’s financial performance.
15 Dec 2018 | 7:00 AM

Clear vision ahead for Aveo

BARELY nine months since its inception, contact lens brand Aveo Vision is already eyeing for an expansion to increase its market reach and product awareness.

Thai: We have registered several thousands of individual customers and the list is growing.
12 Dec 2018 | 7:05 PM

KRI calls for govt review of wages as levels too low

PETALING JAYA: Malaysia’s low-wage environment has forced young job seekers to be willing to work for as low as RM1,715 on average, or about 40% lower than 2017’s national mean monthly wage.

Khazanah Nasional managing director Datuk Shahril Ridza Ridzuan launching the SWTS report. Looking on is lead author and KRI senior visiting fellow Dr Lim Lin Lean (right) and KRI executive committee chairman Datuk Hisham Hamdan (left).
12 Dec 2018 | 7:00 AM

Credit crunch may hit Asia, including Malaysia

PETALING JAYA: A credit crunch may hit Asia as early as next year, with Malaysia likely to be one of the Asian economies at the centre of the crisis.

Nomura Research projects Malaysia’s gross domestic product (GDP) to grow 4% in 2019, compared to the consensus estimate of 4.6%. However, moving into 2020, it foresees the country’s economy improving slightly, with a GDP growth of 4.2%.
11 Dec 2018 | 7:00 AM

Prestariang shares hammered down 33% in panic selling

PETALING JAYA: After months of speculation, another multi-billion-ringgit project approved by the previous Barisan Nasional government has been cancelled. As a result, its concessionnaire Prestariang Bhd was hammered down, wiping out nearly 33% of its share value in just a single trading day.

Yesterday, during the Immigration Day celebration, Home Minister Tan Sri Muhyiddin Yassin announced that the cancellation of the SKIN project was done to create a new system that was comprehensive, effective and user-friendly.  “We also want to develop a system that is value-for-money and that can save government funds,” he said, adding that the project would be given priority due to the urgent need to improve the department’s system.  It was also reported that the new border control project would be accorded via open tender. (Picture shows Muhyiddin at the press conference yesterdy after opening the celebrations. immigration chief Mustafar Ali is on the right.)