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AirAsia declares 40 sen dividend a share after Q3 FY18 net profit surges

KUALA LUMPUR: Low-cost carrier AirAsia Bhd declared an special dividend of 40 sen a share as its net profit jumped 81.2% in the third quarter ended Sept 30, 2018. The dividend will go ex on Dec 12.


Media Prima gets the nod

KUALA LUMPUR: Shareholders of Media Prima Bhd have voted in favour of the media group’s plans for the sale and leaseback of its properties in Shah Alam and Bangsar.


Paramount quarterly net profit at RM15.62mil

PETALING JAYA: Paramount Corp Bhd’s net profit in the third quarter ended Sept 30 came in at RM15.62mil, 81% lower than in the previous year’s quarter due to a gain on disposal completed in the earlier quarter.

Corporate News

Paramount posts Q3 net profit of RM15.62m

KUALA LUMPUR: Paramount Corp Bhd's net profit in the third quarter ended Sept 30 came in at RM15.62mil, 81% less than in the previous year's quarter due to a gain on disposal completed in the earlier quarter.

Business Premium

Who controls Media Prima?

MEDIA Prima Bhd has always been synonymous with the political party Umno, and with the federal government in Putrajaya.


Improving national fund manager’s future

THERE is great interest in how Tan Sri Zeti Akhtar Aziz will perform as the chairman of Permodalan Nasional Bhd (PNB). Any doubts from the public engagement perspective, however, were soon cast aside as the ease and confidence of her message was second nature for a person once named the world’s best central banker.

Corporate News

Media Prima sells Balai Berita Bangsar

KUALA LUMPUR: Media Prima Bhd has entered into a deal with PNB Development Bhd to sell and leaseback New Straits Times Press (Malaysia) Bhd's Balai Berita Bangsar and printing plant in Shah Alam for RM280mil.


Paramount Q2 earnings 134% higher on disposal of land

PETALING JAYA: Paramount Corp Bhd’s net profit for the second quarter to June 30, 2018 jumped 133.92% to RM42.3mil mainly attributable to the disposal of 9.4 acres of industrial land in Kota Damansara (KD). Without this contribution, profits would have been slightly lower.


MAS mulls options to finance aircraft purchases

PETALING JAYA: Malaysia Airlines Bhd (MAS) is looking into a few options, including bank borrowings, to finance the acquisition of nine Boeing 737 MAX planes. Group chief executive officer Izham Ismail said this was among the options it was looking at.


Malaysia Airlines taps lenders for first jet financing since restructuring

KUALA LUMPUR/SINGAPORE: Malaysia Airlines Bhd is tapping banks to fund about nine Boeing 737 MAX planes in what will be the carrier's first jet financing with lenders since it was restructured more than three years ago, sources familiar with the situation said.