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Corporate News 8h ago

Loss making plantation firm PinePac share trade halted pending announcement

KUALA LUMPUR: The trading of shares in Pinehill Pacific Bhd (PinePac) will be suspended on Friday to make way for a material announcement, the company said in a filing with Bursa Malaysia.

Economy 20h ago

New stream of money inflow for Malaysian Govt

PETALING JAYA: The government, which had previously identified at least RM10bil worth of spending cuts, plans to further strengthen its cashflow by monetising some of its non-strategic assets and gradually issuing new sovereign debts

Alliance Bank Malaysia Bhd chief economist Manokaran Mottain told StarBiz that the monetisation of the government’s non-critical and non-strategic assets would create a new stream of money inflow and help to deal with any shortfall in revenue.  “It makes sense for the government to do away with such assets that are non-productive and left idle."
Business News 12h ago

Steel sector demand to remain subdued in H2 despite mild recovery

PETALING JAYA: The demand for the steel sector is expected to remain subdued in the second half of the year although there was a slight recovery early this month.

Corporate News 8h ago

SCGM targets new export market

KUALA LUMPUR: Thermoform food packaging manufacturer SCGM Bhd is targeting new export markets with the commissioning of its new Kulai factory in December this year.

Corporate News 9h ago

Eco World posts higher profit in Q3 as property sales rebound

KUALA LUMPUR: Eco World Development Group Bhd posted a 47.6% jump in net profit to RM38.5mil in the third quarter ended July 31 on revenue of RM490mil.

Plantations 20h ago

China’s protection team is set to save stock markets

NEW YORK: Chinese stimulus may rescue more than just the domestic economy.

A man sits in front of an electronic board displaying stock prices at a brokerage house in Beijing, Monday, June 25, 2018. Asian stock markets fell Monday and oil prices gave up some of their gains after Chinese regulators freed up extra money for bank lending amid a trade dispute with Washington. - AP
Banking 17h ago

Liberia probes disappearance of US$100mil in new bank notes

MONROVIA: Liberia banned 15 officials including a former central bank governor from leaving the country as it searches for about $100 million in cash, or the equivalent of almost one-fifth of its budget, that was printed abroad and disappeared after arriving at the port.

Corporate News 18 Sep 2018

New unifi 100Mbps plan at RM 129 per month

KUALA LUMPUR: Telekom Malaysia Bhd (TM) has introduced the new unifi 100Mbps plan at RM129 per month - a broadband experience with unlimited usage, access to unifi PlayTV packages and free 600 minutes of voice calls.

Palm Oil 20h ago

Malaysian palm oil price falls to 2-month low on inventories outlook

KUALA LUMPUR: Malaysian palm oil futures hit their lowest in nearly two months on Wednesday, tracking declines in related edible oils and as traders expect higher stockpiles in producer nations.

The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 1.8 percent at 2,158 ringgit ($520.83) a tonne at the close of trade for a third consecutive day of losses.  The contract had earlier declined by as much as 1.9 percent to 2,156 ringgit, its lowest since July 25.