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Corporate News

LBI Capital proposes bonus issue

PETALING JAYA: LBI Capital Bhd has proposed a bonus issue of one bonus share for every five existing shares of up to 16.43 million shares.

Badminton

Sze Fei-Izzuddin beat Taiwanese pair to reach quarter-finals

PETALING JAYA: Men’s doubles pair Goh Sze Fei-Nur Izzuddin Rumsani continued their revival in form at the Spanish Masters.

Business

Equity, overseas investments main drivers for EPF income

KUALA LUMPUR: The Employees Provident Fund has recorded RM50.88bil in gross investment income last year, registering a 10-year compound annual growth rate (CAGR) of 10.26%.

Business

BP's 2018 profit doubles as output soars

LONDON: BP's profit doubled to $12.7 billion in 2018, driven by strong growth in oil and gas output following the acquisition of a large portfolio of U.S. shale assets.

Business

Samsung faces pressure to cut spending

SEOUL: With Samsung Electronics Co set to report its first drop in quarterly profit in two years, investors are counting on the world’s biggest chipmaker to cut capital spending to keep profits flowing during a supply glut.

Business

Alibaba earnings growth slows as entertainment losses deepen

LOS ANGELES: Chinese e-commerce giant Alibaba on Wednesday unveiled revenue of $17 billion in the last three months of 2018, with net profits of $4.5 billion, up 33% from the same period the year before.

Business

Emerging markets stocks poised for turnaround but trade nimbly

WITH increasing calls to avoid US stocks, which other stocks would be good to trade?

Business

FGV shares soar on update by chairman

PETALING JAYA: FGV Holdings Bhd shares soared about 13% yesterday after its chairman issued a letter updating shareholders on the status of the company and its plans moving forward.

Business

SP Setia: GST not payable for land

PETALING JAYA: SP Setia Bhd’s wholly owned subsidiary, Setia Fontaines Sdn Bhd, has received solicitor advice that the acquisition of five adjoining parcels of freehold land should be goods and services tax (GST) exempted.

TECH

CES 2019: Remember virtual reality? Its buzz has faded at tech show

Just a few years ago, virtual reality was poised to take over the world. After decades of near misses, the revolution finally seemed imminent, with slick consumer headsets about to hit the market and industries from gaming and entertainment to social media ready to hop on the bandwagon.