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Business

Cement stocks rally on ECRL prospects, Greatech surges on debut

KUALA LUMPUR: Shares of cement players Lafarge Cement and Tasek rallied on Thursday on the East Coast Rail Link (ECRL) projects while Greatech surged on its trading debut on the ACE Market.

Business

KLCI extends losses for third day, oil prices rebound

KUALA LUMPUR: Profit-taking accelerated on the local market, dragging the FBM KLCI lower for the third consecutive day amid fading hopes for a trade deal at the G20 summit in Japan.

Business

Quick take: Lafarge surges to 13 month high of RM4.25

KUALA LUMPUR: Shares of cement maker Lafarge Malaysia Bhd surged to a high of RM4.25, the highest since May last year after AmInvestment Bank has advised minority shareholders to reject YTL Group's takeover offer of RM3.75 a share.

Business

AmInvest Bank advises Lafarge minority shareholders to reject YTL offer

KUALA LUMPUR: AmInvestment Bank has advised minority shareholders of Lafarge Malaysia Bhd to reject YTL Group's takeover offer at RM3.75 a share.

Business

LafargeHolcim sells Philippines business for US$2.15bil

ZURICH: LafargeHolcim has agreed to sell its operations in the Philippines in a deal which values the business at $2.15 billion, the world's largest cement maker said on Thursday, as it presses ahead with selling off operations in fringe markets.

Business

Lafarge to resume supplying for ECRL project

PETALING JAYA: Following a period of suspension, Lafarge (M) Bhd will resume providing supplies for the proposed East Coast Rail Link (ECRL) project with immediate effect.

Business

Lafarge to resume cement supply to ECRL

KUALA LUMPUR: Lafarge Malaysia Bhd can resume supplying cement for all eight packages of work for the proposed East Coast Rail Link (ECRL) project.

Business

Trump threat sends Bursa, key Asian markets into the red

KUALA LUMPUR: Asian markets including Bursa Malaysia on Monday reeled from US President Donald Trump's fresh threat against China to raise tariffs on Chinese imports this week.

Business

KLCI slumps on Trump’s fresh threat, US futures slide

KUALA LUMPUR: Blue chips fell in early Monday trade, tracking the worried key Asian markets after US President Donald Trump’s threat to hike US tariffs on US$200bil worth of Chinese goods this week and targeted hundreds of billions more.

Business Premium

MyCC says merger doesn’t need its clearance

WHILE there have been concerns that YTL Cement Bhd’s acquisition of Lafarge Malaysia Bhd may breach competition laws in the country, the competition watchdog says that it is not in a position to stop such mergers and acquisitions (M&As) from taking place.