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Corporate News 28 Dec 2016 | 6:12 AM

Gold prices extend gains on strong technical signals

BENGALURU: Gold rose for the fourth straight session on Wednesday, on a technically-driven rebound in thin volume, amid a slightly weaker dollar. Spot gold edged 0.2% higher to US$1,141.45 an ounce by 0324 GMT.

Markets 28 Dec 2016 | 10:00 AM

FBM KLCI up 10.62 points

KUALA LUMPUR: Malayan Banking Bhd (Maybank), Maxis Bhd and Genting Bhd underpinned the FBM KLCI’s advance on Thursday.

Corporate News 28 Dec 2016 | 3:48 PM

Vizione opens new chapter, corporate exercise on track

KUALA LUMPUR: Vizione Holdings Bhd has taken and will take the necessary course of action to address the issues resulting in the breaches in the Bursa Securities Main Market Listing Requirements, it said.

Commodities 28 Dec 2016 | 10:54 PM

Oil prices fall early Thursday on surprise build in US stocks(Update)

Singapore: U.S. oil prices fell on Thursday following a surprise build in the country's crude stocks shown in data published by the American Petroleum Institute (API) late on Wednesday.

Property 28 Dec 2016 | 11:08 PM

Foreign developers, Sime Darby, bet on Indonesia property

JAKARTA: Foreign property developers, led by state-owned China Communication Constructions Group made the biggest investment in Jakarta's residential property in nearly a decade this year as they bet on relaxed mortgage rules boosting demand. Malaysian Sime Darby, Japan's Mitsubishi Corporation, Tokyu Land and Hong Kong Land have also signed deals in Jakarta and surrounding areas.

Property 29 Dec 2016 | 12:00 AM

Scientex acquires 49ha in Kulai for RM123.6mil

KUALA LUMPUR: Property developer and packaging manufacturer Scientex Bhd has acquired two parcels of land totalling 49ha in Kulai, Johor for RM123.6mil, boosting its land bank to 271ha.

Business 29 Dec 2016 | 12:00 AM

Econpile unit wins RM158mil job

PETALING JAYA: Econpile Holdings Bhd’s wholly-owned subsidiary, Econpile (M) Sdn Bhd (EMSB), has secured a contract under the Projek Penswastaan Lebuhraya Bertingkat Sungai Besi-Ulu Kelang (Suke) worth RM158.27mil.

Business 29 Dec 2016 | 12:00 AM

Malaysian economy stays resilient amid challenging enviroment

KUALA LUMPUR: The Malaysian economy remained resilient in the eye of the storm to maintain at least 4% growth for the first three quarters of 2016 despite a challenging global environment.

Plantations 29 Dec 2016 | 12:00 AM

Monetisation boost seen for Boustead Plantations

KUALA LUMPUR: The latest monetisation efforts by Boustead Plantations Bhd (BPlant) is positive for the group as the market may have previously underappreciated the immense value of its assets, said Maybank IB Research

Business 29 Dec 2016 | 12:00 AM

Singapore defaults seen as bellwether for 2017 Asia distress

HONG KONG: Singapore’s commodities-related defaults could turn out to be the canary in the mine.