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Construction 09 May 2017 | 12:00 AM

CIMB Research retains ‘overweight’ rating on construction sector

KUALA LUMPUR: Despite the fallout from Bandar Malaysia and the implications for China-driven contracts, CIMB Research remains optimistic about the job awards from the RM50bil East Coast Rail Line (ECRL) and the RM9bil Gemas-Johor Baru double-tracking project that are long overdue.

Retail 09 May 2017 | 12:00 AM

Lay Hong selling 30% of G-Mart Borneo Retail

PETALING JAYA: Integrated poultry farmer Lay Hong Bhd is selling almost a third of its shares in a grocery unit to PanPages Bhd as it seeks to build up its online e-commerce business.

Markets 08 May 2017 | 4:43 PM

Sinclair Broadcast to buy Tribune Media for about US$3.9bil

NEW YORK: U.S. broadcaster Sinclair Broadcast Group Inc said on Monday it would buy Tribune Media Co, one of the largest U.S. television station operators, for about US$3.9 billion cash and stock, and assume about $2.7 billion in debt.

World 08 May 2017 | 8:27 PM

Hundreds of migrants feared dead in Mediterranean over weekend - survivors

TRIPOLI/ROME (Reuters) - More than 200 migrants are feared to have died in the Mediterranean over the weekend, according to testimony from survivors, and several bodies, including that of an infant, have washed up on a Libyan beach.

Construction 08 May 2017 | 2:41 AM

CIMB Research retains overweight on construction sector

KUALA LUMPUR: Despite the fallout from Bandar Malaysia and the implications for China-driven contracts, CIMB Research remains optimistic about the job awards from the RM50bil East Coast Rail Line (ECRL) and the RM9bil Gemas-Johor Bahru double-tracking project that are long overdue.

Business 08 May 2017 | 12:00 AM

A surprise from Weida

PETALING JAYA: Sarawak-based Weida (M) Bhd seems to be basking in a sweet spot of growth. The low-profile company, which is already in a position to benefit from the ongoing construction of the Pan Borneo Highway project in its home state, is set to see its income prospects improve further with the hospital concession that it has just bagged over the week.

World 08 May 2017 | 7:09 AM

Some Chinese migrant workers feel targeted by Beijing's clean-up of ancient hutongs

BEIJING (Reuters) - The Chinese capital is sanitising its ancient hutong alleyways, home to millions of migrants workers and thousands of small businesses, bulldozing illegal constructions and forcing shops, bars and tiny courtyard restaurants to relocate or go under.

Markets 07 May 2017 | 10:35 PM

Sinclair Broadcast nears US$4bil deal for Tribune Media

NEW YORK: Sinclair Broadcast Group Inc is nearing a deal to acquire Tribune Media Co for close to $4 billion after prevailing in an auction for one of the largest U.S. television station operators, according to people familiar with the matter.

Business 06 May 2017 | 12:00 AM

More information please, Perak Corp

IT is likely that Perak Corp Bhd, a company in which the Perak government through its development agency, Perbadanan Kemajuan Negeri Perak (PKNP), owns a 52.27% stake, will see a trading suspension of its shares from May 9 onwards.

Plantations 04 May 2017 | 4:24 PM

Malaysian palm oil price rebounds on weaker ringgit, stronger soyoil

KUALA LUMPUR: Malaysian palm oil futures bounced back on Thursday, after recording their sharpest fall in a week in the previous session, helped by a weaker ringgit and stronger performing soyoil.