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Business

TPP will complement Apec, says US official

NEW YORK: A senior official from the US State Department does not see any competition between the Trans-Pacific Partnership (TPP) and the Asia-Pacific Economic Cooperation (Apec).

Business

LINs Ad seeks to help SMEs

LINs Advertising & Marketing Sdn Bhd (LINs Ad) executive director Mickie Teo has a dream: to turn local small and medium-sized enterprises/industries (SMEs/SMIs) into multinational corporations.

Business

iDimension's online games foray

DESPITE being a pervasive recreation worldwide, the business of online games is a little known industry in corporate Malaysia.

Business

More corporate bond issuance

KUALA LUMPUR: RAM Holdings Bhd expects gross corporate bonds to range between RM90bil and RM95bil this year compared with about RM84bil last year.

Business

TAS to sell 3 tug boats to Indonesia

KUCHING: Sarawak-based shipbuilder TAS Offshore Bhd is set to secure more sales orders for its offshore supply vessels (OSVs) to Indonesia, which it had penetrated last year.

Business

Luxasia wants to forge tie-ups with brand owners for sustainable business

KUALA LUMPUR: Singapore-based Luxasia Group, which recorded sales of over RM772mil last year, is eyeing partnership agreements with brand owners for a more sustainable business model.

Analyst Reports

RHB Research maintains Buy on Jaya Tiasa

KUALA LUMPUR: RHB Research has maintained its Buy call on Jaya Tiasa with a fair value of RM2.95 and believes the company’s plantation division could continue to be its main growth driver in the medium term, as higher CPO prices and strong FFB production growth may boost earnings contributions from this division to close to 50% in FY16.

Business

'Neutral' call on Axiata remains

MIDF Research said it is maintaining its “neutral” call on Axiata as it did not see much earnings growth prospects at the overall group level while sizeable exposure to forex may also impact the bottom line.

Analyst Reports

Affin Research maintains Buy on Ta Ann

KUALA LUMPUR: Affin Research has kept a Buy on Ta Ann with a target price of RM4.38 as it remains upbeat on the timber and plantation group’s outlook in the near term.

Business

UMW-OG clinches RM64mil Philippine job

KUALA LUMPUR: UMW Offshore Drilling Sdn Bhd, a unit of UMW Oil and Gas Corp Bhd (UMW-OG), has received a letter of award from Frontier Oil Corp for the provision of a jack-up rig and associated services for the KJF Field SC50 Block offshore Palawan in the Philippines worth RM64.09mil.