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Corporate News 30 Dec 2016 | 6:27 AM

R&A Telco unit sues over non-repayment of RM1.027m

KUALA LUMPUR: R&A Telecommunication Group Bhd's unit has filed a suit against two companies for RM1.027mil after they failed to repay the advancement payments for a mini hydro power project in Kelantan.

Markets 30 Dec 2016 | 9:56 AM

KLCI ends volatile 2016 with 3% losses, ringgit lowest since 1998

KUALA LUMPUR: Blue chips ended a volatile 2016 on a weaker note as the FBM KLCI lost 3% year-to-date, impacted by outflow of foreign funds, especially after the US presidential elections on Nov 8, which triggered the outflow of funds from emerging markets back to the US.

Corporate News 30 Dec 2016 | 10:01 AM

M’sian piling specialist Jack-In Group debuts on ASX

KUALA LUMPUR: Piling and foundation specialist Jack-In Group, co-founded by Malaysian brothers H’ng Bok Chuan and H’ng Hup Choong, was listed on the Australian Stock Exchange (ASX) on Friday through a reverse takeover (RTO) of Oilfield Workforce Group Ltd.

Corporate News 30 Dec 2016 | 10:34 AM

CIMB Bank selling Bank of Yingkou for RM972m

KUALA LUMPUR: CIMB Bank Bhd is selling its 18.21% stake in the Bank of Yingkou Co., Ltd for 1.507 billion renminbi (RM972mil), valuing the stake at about one time the price to book value ratio.

Corporate News 30 Dec 2016 | 10:50 AM

Former PNB CEO Hamad Kama Piah appointed as UMW group chairman

KUALA LUMPUR: UMW Holdings Bhd has appointed former Permodalan Nasional Bhd president and group chief executive officer Tan Sri Hamad Kama Piah Che Othman as group chairman effective Jan 1, 2017.

Technology 30 Dec 2016 | 2:57 PM

Foxconn joint venture to build RM39bil LCD plant in China

BEIJING: A joint venture between Hon Hai Precision Industry Co, known as Foxconn, and Sharp Corp plans to build a 61 billion yuan (RM39.4bil) factory in China to produce liquid-crystal displays (LCDs).

Property 30 Dec 2016 | 3:06 PM

China’s top 3 property developers make RM646bil in sales in 2016

BEIJING: China’s top three real estate developers made combined sales of more than 1 trillion yuan (RM646bil) in 2016, helped by soaring home prices in big cities, according to a ranking released by a private research agency on Friday.

Economy 31 Dec 2016 | 12:00 AM

Turnaround for equities in 2017?

WHAT does 2017 hold for the FBM KLCI? Malaysian investors have had a rough ride.

Economy 31 Dec 2016 | 12:00 AM

More hits than misses in 2016 stock selection

THERE were more hits than misses in the bag of stock picks by selected StarBizWeek writers and fund managers published on June 18.

Property 31 Dec 2016 | 12:00 AM

Will the market pick up?

It’s not all doom and gloom as 2017 beckons with several mega catalytic developments emerging