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Business 16 Nov 2015 | 12:00 AM

Red Sena placement oversubscribed

PETALING JAYA: Despite a sluggish market environment, Red Sena Bhd which will be listed on Bursa Malaysia next month, managed to see demand outstripping supply for the bulk of its new share issuance through private placements, sources said.

Business 26 Sep 2011 | 12:00 AM

Dexia prepared to sell £12.58 billion in assets: Les Echos

PARIS (Reuters) - Franco-Belgian bank Dexia is ready for the rapid sale of £12.58 billion in assets deemed too costly to fund in the current market environment, French newspaper Les Echos said in a preview of its Monday edition.

Business 12 Sep 2011 | 12:00 AM

Analysts positive on DiGi move

DiGi.Com Bhd's capital distribution announcement came as no surprise to the investment community and was welcomed as a timely initiative. 'The exercise addresses concerns on the group's ability to distribute more cash to sustain its over 100% dividend payout due to the lack of retained earnings at the holding company and more importantly, it provides dividend certainty in the current market environment,' OSK Research said.

Business 14 Jul 2011 | 12:00 AM

First stress tests on brokerages

SHANGHAI: , China is preparing to conduct its first-ever stress test on the brokerage industry this year to ward off potential risks arising from a possible deterioration in the economic or market environment, according to three sources with direct knowledge of the plans.

Business 11 Sep 2003 | 12:00 AM

New Volvo distributor targets first-year sales of 500 cars

OPERATING in a highly competitive luxury car market environment, Swedish Marque Sdn Bhd, the newly appointed distributor of Volvo passenger cars, has targeted sales of 500 units in the first year of its operation, general manager Pang Cheong Yan said.

Business 06 Apr 2006 | 12:00 AM

Japan upturn boon for timber players

Timber-related players are generally upbeat about the industry's prospects on the back of a more favourable market environment, thanks to Japan - a key customer for many Malaysian companies - experiencing an economic upturn.

Business 24 Jun 2019 | 7:56 AM

PNB income dips 1.4% to RM5.3bil

KUALA LUMPUR: Permodalan Nasional Bhd’s (PNB) consolidated coterminous proforma net income for the year-to-date period ended May 31, 2019 dipped 1.4% to RM5.3bil, reflecting the challenging market environment where the FBM KLCI declined 2.4% during the same period.

Business 01 Feb 2018 | 12:00 AM

Fujifilm to cut 10,000 jobs at Xerox venture in overhaul

TOKYO: Fujifilm Holdings Corp said it would cut one-fifth of its global workforce – 10,000 jobs – at a joint venture with Xerox Corp as part of a broader reorganisation as the Japanese company struggles with an “increasingly severe” market environment.

Corporate News 06 Dec 2017 | 9:10 AM

China banking regulator issues draft rules on liquidity risk management

BEIJING: China's banking regulator on Wednesday issued draft rules on commercial banks' liability risk management with an aim to improve lenders' risk assessment framework and safeguard the banking system in the new market environment.

Business 04 Jun 2016 | 12:00 AM

KL firms bullish on Penang sales

Kuala Lumpur-based property development companies in Penang are expecting sales contributions from the state to increase significantly for their upcoming financial year amid a tough property market environment.