Izwan Idris

Recent and archived articles by Izwan Idris

11 Feb 2019 | 7:00 AM

Malaysian market sees robust inflow

Rising ringgit attracts investors to equity and bond markets

The ringgit is enjoying a strong start in 2019, rising against most major currencies.
12 Dec 2018 | 7:25 PM

Prestariang seeks compensation over SKIN termination

KUALA LUMPUR: Prestariang Bhd says it is entitled to compensation following the government’s decision to terminate a RM3.5bil project with the Immigration Department.

28 Nov 2018 | 7:00 AM

Petronas lifts Q4 capex spending

PETALING JAYA: Petroliam Nasional Bhd (Petronas) will raise capital expenditure (capex) spending in the last quarter of the year to lift production and increase capacity.

Wan Zulkiflee: The recent drop in oil prices demonstrates the volatile and cyclical nature of the industry.
27 Nov 2018 | 4:40 PM

Petronas lifts Q4 capex spending as Q3 profit jumps

KUALA LUMPUR: Higher price of crude oil lifted Petronas' profit before tax up 26% to RM18.87bil in the third quarter ended Sept 30 compared with RM14.95bil made in the same period last year, as revenue increased 19% to RM63.9bil.

21 Nov 2018 | 7:00 AM

Leong Hup eyes bigger slice of Vietnam market

HO CHI MINH: Poultry producer Leong Hup International Bhd’s business unit in Vietnam is set to open its fourth and most advanced animal feed mill next month, as the group aims to capture a bigger share of the livestock industry

Lau: We are looking to expand as Vietnam is one of our fastest-growing markets."
18 Oct 2018 | 5:01 PM

11MP Mid Term Review: High-income status target pushed back

KUALA LUMPUR: Malaysia’s target to achieve high-income nation status by 2020, as set by the previous administration, has been pushed back by at least four years as the new government resets its growth priorities.

Based on the minimum threshold of a high-income economy set by the World Bank at US$12,056 for 2017, there was a gap of 21% before Malaysia could graduate to its upper middle-income nation status.
17 Oct 2018 | 7:28 PM

LRT3 to proceed on new terms, RM16.6bil budget

KUALA LUMPUR: The Light Rail Transit Line 3 (LRT3) project has received the Government’s greenlight to continue at a total project cost of RM16.6bil, according to separate filings by Malaysian Resources Corp Bhd (MRCB) and George Kent Bhd after the market closed on Wednesday.

10 Oct 2018 | 9:05 PM

MMC Gamuda pledges “open book approach” if fresh negotiation can be held

KUALA LUMPUR: The company said it hoped to be invited back to the negotiating table with the government after Dr Mahathir on Tuesday said he would reconsider the Cabinet’s decision to terminate the underground contract.

28 Aug 2018 | 6:03 PM

Lira crash hits IHH Q2 earnings

KUALA LUMPUR: IHH said profit contribution from 60% owned Acibadem Holdings, a leading healthcare provider based in Turkey, dropped by a quarter in the three months ended June 30 due to unfavourable currency exchange rate.

28 Aug 2018 | 3:12 PM

Reach Energy shoots higher

KUALA LUMPUR: Shares in Reach Energy Bhd are shooting higher in heavy trade after the company posted its first quarterly net profit since it took over full control of an oil ands gas field in Kazakhstan more than a year ago.