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Business

K&N Kenanga on uptrend despite facing challenges

KN Kenanga Holdings Bhd's share price has been on the uptrend since hitting the year's low of 39.5 sen on Dec 15.

Business

SP Setia subsidiary wins CIDB award

SETIA Precast Sdn Bhd, a subsidiary of SP Setia Bhd, has been recognised as the frontrunner for the construction industry, especially in adopting industrialised building system (IBS) technologies, said SP Setia chairman Tan Sri Abdul Rashid Abdul Manaf.

Business

Investment banks sprouting

COMPETITION looks set to heat up in the investment banking industry. Bank Negara's joint announcement with the Securities Commission last month to enable universal brokers (UBs) to become investment banks (IBs) by merging with a discount house could add another four new players to the investment banking scene.

Business

Pricing an issue in universal brokers’ purchase of discount houses

CAN universal brokers (UBs) look forward to better days ahead by merging with a discount house to become an investment bank (IB)?

Business

UBs can become investment bankers

THE six universal brokers (UBs) in the country will now have the opportunity to become investment banks (IBs) following further liberalisation in the financial services sector.

Business

Commercial property, REITs the big winners

THE commercial property sector and the real estate investment trusts (REITs) appeared to be the biggest winners from the Budget, which has proposed the setting up of a bumiputera property trust foundation, Yayasan Amanah Hartanah Bumiputera, as well as tax incentives for REITs.

Business

FMM lauds RM1bil fund for SMEs

THE Federation of Malaysian Manufacturers (FMM) has lauded the move to establish the RM1bil capital fund for SMEs.

Business

Budget provides RM5.7bil to develop infrastructure in rural areas

THE government will undertake proactive measures to develop physical infrastructure, especially in less developed areas.

Business

ACPI seeks more overseas contracts

ACP Industries Bhd (ACPI) is looking at more overseas contracts to cushion the effect of a scarcity of local projects.

Business

BPB aims for higher plasterboard exports

BPB Malaysia Gypsum Sdn Bhd aims to turn Malaysia into a net exporter of plasterboard with its newly-established plant at North Port, Klang, BPB managing director Paul McCrea told reporters.