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Business

Slumping KLCI, more optimistic trade across Asia

KUALA LUMPUR:The FBM KLCI closed in the red on Friday the 13th trade while key Asian bourses were largely on the green turf following news of bond sales in Spain and Italy a day ago.

Business

Stemming losses top priority, says MAS chief

KUALA LUMPUR: The top priority for Malaysia Airlines (MAS) now is to stem its huge losses and return to profitability soon, said group chief executive officer Ahmad Jauhari Yahya, while it also strives to regain its stature as a preferred premium airline with better services and newer aircraft.

Business

DRB-Hicom’s Islamic-bonds rating downgraded to negative

PETALING JAYA: Malaysia Rating Corporation Bhd (MARC) has revised DRB-Hicom Bhd’s sukuk rating on its RM1.8bil Islamic Medium Term Notes (IMTN) programme from stable to negative.

Business

MAS likely to incur hefty loss for financial year 2011

PETALING JAYA: Analysts are expecting Malaysia Airlines (MAS) to incur a hefty loss for the financial year ended Dec 31, 2011 (FY11), which consensus estimates have pegged at RM1.21bil, when it announces its results this week.

Business

Proton shares continue surge on DRB-HICOM bid

PETALING JAYA: Proton Holdings Bhd shares continued their surge to an intra-day high of RM5.30, following confirmation that DRB-HICOM Bhd has put in a bid for the national carmaker.

Business

Ahmad Jauhari man of the hour at MAS

KUALA LUMPUR: The top priority for Malaysia Airlines now is to stem its huge losses and a return to profitability soon, besides striving to regain its stature as a preferred premium airline with better services and newer aircraft, its Group Chief Executive Officer (CEO), Ahmad Jauhari Yahya, said today.

Business

Market to continue range-bound trading

Trading volume at the local bourse over the week was fairly heavy considering it being a holiday-shortened week, with many investors expected to be away to celebrate the Chinese New Year.

Business

Malaysia attractive for high-tech, knowledge-driven companies

KUALA LUMPUR: Malaysia is an attractive premier investment destination, particularly for high-technology and knowledge-driven companies, International Trade and Industry Minister Datuk Seri Mustapa Mohamed said.

Business

KLCI eases at midday

The FBM KLCI was lower at midday, Friday, slipping 2.12 points to 1,521.74.

Business

Ratings on PJH debt reaffirmed by MARC

KUALA LUMPUR: The Malaysian Rating Corp Bhd (MARC) has affirmed its AAA (ID)/MARC-1 (ID) and AAA (IS) ratings on Putrajaya Holdings Sdn Bhd’s (PJH) RM8.97bil Islamic debt facilities and programmes.