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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.
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.
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.
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.
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.
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).
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.
Turnaround for equities in 2017?
WHAT does 2017 hold for the FBM KLCI? Malaysian investors have had a rough ride.
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.
Will the market pick up?
It’s not all doom and gloom as 2017 beckons with several mega catalytic developments emerging