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Business

Jaya Tiasa sees pre-tax profit up by 80%

Jaya Tiasa Holdings Bhd said its pre-tax profit for the third quarter ended Jan 31, 2006 jumped 80.4% to RM20.2mil against RM11.2mil recorded in previous quarter.

Business

RM150m investment in Spring

PSB Realty Development Sdn Bhd is investing RM150mil in Sarawak's largest lifestyle shopping mall in Simpang Tiga, Kuching.

Business

Ta Ann in RM28m biomass venture

Ta Ann group, a timber and oil palm conglomerate, is investing RM28mil in a biomass power plant at its plywood processing factory in Sungai Sadit here.

Business

Strong cashflow prompts Eksons’ payout

Plywood manufacturer Eksons Corp Bhd has proposed a capital repayment of 20 sen a share because the company is cash generative and has about RM60mil cash.

Business

Value Hospitality eyes more contracts

Hotel management company Value Hospitality expects its newly secured contract with Riviera Bay Resort, Malacca, to contribute some 25% to group earnings this year, said group general manager Dennis Tan.

Business

AmAssurance offers five new products

AmAssurance Bhd will launch five new products including an investment-linked fund for those interested in foreign funds this year, said chief executive officer Ng Lian Lu.

Business

UOB Malaysia opens two more branches

United Overseas Bank (M) Bhd (UOB Malaysia) yesterday announced the opening of its 38th and 39th branches in Muar and Sibu respectively, making it the foreign bank with the largest branch network in the country.

Business

Domestic airfares to come under pressure

Beginning next month, airfares on the 22 domestic trunk routes will come under pressure as rivals Malaysia Airlines (MAS) and AirAsia slug it out to win more passengers.

Business

Stockwatch

Danny Yap writes on IJM, Tebrau Teguh, Hock Seng Lee, AirAsia and UMW.

Business

Hock Seng Lee to develop RM50m shipbuilding industrial zone

Hock Seng Lee Bhd (HSL) will develop a RM50mil shipbuilding industrial zone in the new township of Tanjung Manis in central Sarawak.