Bursa highlights logo for Star Online (Business).
Bursa highlights on Dec 8
A lower tariff rebate for Peninsular Malaysia, announced on Tuesday, means higher electricity bills for many of us. Tenaga Nasional Bhd, possibly anticipating the various reactions from investors and consumers, clarifies that it neither profits nor is hurt by the rebate’s implementation. Read more
Astro Malaysia Holdings Bhd had a bigger residential subscriber base in the third quarter ended Oct 31 compared with a year earlier, but higher net finance costs of RM84.2mil led to the broadcaster to earn a slightly lower net profit of RM106mil. Read more
Barakah Offshore Petroleum Bhd has received a two-year contract to provide repair and maintenance services of Petronas Gas’ 503km Sabah-Sarawak gas pipeline. Read more
OSK Ventures International Bhd had originally invested RM93.5mil to buy its Green Packet Bhd shares -- representing a 15.92% stake -- which it sold off last week for RM32.97mil. The company provides more details on the disposal in a reply to a Bursa Malaysia query. Read more
DRB-Hicom Bhd did not announce this to Bursa Malaysia, but the conglomerate’s unit Proton Holdings Bhd issued a press statement saying it was considering raising its car prices in light of the weakening ringgit. Read more
On the same day, Cahya Mata Sarawak Bhd's subsidiary CMS Cement Sdn Bhd said it will raise cement prices from Jan 1 due to the ringgit's depreciation. Read more
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