KUALA LUMPUR: IGB Real Estate Investment Trust (REIT) recorded a slightly higher net profit of RM82.88mil for the first quarter ended Dec 31, 2019, compared with RM82.25mil a year earlier mainly due to higher rental income.
PETALING JAYA: Integrated construction engineering company Vizione Holdings Bhd’s net profit surged by 120% to RM17.8mil in its third quarter to Feb 28, 2019, on the back of a 23% jump in revenue to RM165mil.
BUTTERWORTH: Malaysia Debt Ventures Bhd (MDV) plans to issue bonds next year to reduce its dependency on government guaranteed loans.
KUALA LUMPUR: Serba Dinamik is planning to raise a sukuk issuance worth US$200mil to US$250mil (RM826mil to RM1bil) for a tenure of three years to refinance its existing foreign loans and international projects.
ZURICH: Credit Suisse Group AG’s main trading business swung to a profit after two quarters of losses, as Switzerland’s second largest lender emerged relatively unscathed from what rival UBS Group AG called one of the worst environments in recent history.
KUALA LUMPUR: Blue chips extended their gains on Wednesday on some fund buying of IHH Healthcare, CIMB and MISC amid a firmer broader market.
BEIJING: Goldman Sachs Group Inc. agreed to pay part of US$22 million to settle allegations by China’s securities regulator over how the Wall Street firm interacted with its local joint venture partner, the first such agreement under pilot rules the nation adopted in 2015.
NEW YORK: Uber Technologies Inc.’s initial public offering chronicles how a “watershed moment” gave birth to a disruptive platform with more than three million drivers.
MANHATTAN: Two former executives of The Abraaj Group, which collapsed last year in the world’s biggest private-equity insolvency, were arrested on U.S. charges of defrauding investors, with one defendant nabbed after arriving in New York with his wife and son to look at colleges.
KUALA LUMPUR: After a tough 2018, MISC Bhd is looking at a stronger performance this year and in 2020, as its past projects begin contributing to its bottomline, and
KUALA LUMPUR: Shares of plantation giant FGV Holdings Bhd rose to a high of RM1.32 on Wednesday, the highest since November 2018 on fresh corporate news and also it was upgraded to a buy.
KUALA LUMPUR: RHB Bank Bhd targets to grant RM31 billion in new and additional financing for small and medium enterprises (SMEs) by 2021.
PETALING JAYA: Boustead Plantations Bhd anticipates crude palm oil (CPO) prices to be bullish by 2020, ranging from a conservative outlook of between RM2,200 and RM2,300 per tonne.
KUALA LUMPUR: Procter & Gamble (P&G) has appointed Leroy Seow as country manager for Malaysia.
KUALA LUMPUR: The World Bank Group has maintained Malaysia’s 2019 gross domestic product (GDP) growth forecast at 4.7 per cent, driven by private consumption.
KUALA LUMPUR: Bumi Armada Bhd has refinanced its unsecured term loans of US$380mil (RM1.57bil) and revolving credit facilities of US$280mil (RM1.16bil) into a single facility consisting of Tranche 1 facility of US$260mil, and Tranche 2 facility of US$400mil (the loans).
KUALA LUMPUR: Tracking the overnight rally on Wall Street, Bursa Malaysia ended on positive side at midday, with the FBM KLCI advancing a 8.09 points to 1,635.53.
SINGAPORE: Best World International Ltd. plunged to its lowest in six months after activist short seller Bonitas Research published a report questioning the company’s accounting and sales.
SETIA ALAM: S P Setia Bhd and Maybank have jointly launched FlexKey, a rent-to-own (RTO) home ownership solution that is applicable to selective new launches.
KUALA LUMPUR: The ringgit was lower against the US dollar in early trade today as higher US bond yields hampered demand for the local note.