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Business

MAHB profit up 74% boosted by event management

MALAYSIA Airports Holdings Bhd (MAHB) has reported a 74.6% jump in pre-tax profit to RM118.4mil in the first quarter ended March 31 from RM67.8mil in the same period a year ago.

Business

RM49bil raised in 2002

FUNDS raised within Malaysia's equity and bond markets grew strongly to RM49bil in 2002, an increase of 11% compared with RM44bil in the previous year, the Securities Commission (SC) said in its annual report 2002 released yesterday.

Business

Exports up 5.7% in April

MALAYSIAN exports grew by a faster-than-expected 5.7% in April compared with a year ago but imports declined by a bigger magnitude, raising concerns that export performance over the next few months may slow down.

Business

Retail group seeks help

THE retail and high-rise building industry is in urgent need of government assistance to reverse its flagging performance.

Business

Puncak Niaga seeking state water projects

PUNCAK Niaga Holdings Bhd will keep pursuing growth in potable water-related projects, while seeking privatisation opportunities from the various state water authorities, according to executive chairman Tan Sri Rozali Ismail.

Business

Asia looks for H2 upswing

Asia#8217;s economies are not on a strong footing as they head into the second half 2003 but the export-driven region is hoping that, having weathered a series of shocks, a long-awaited global upturn will finally materialise.

Business

Commodities-related exports seen as growth engine

MALAYSIA#039;S hope of a resilient economy this year rests on stronger growth in commodity-related exports boosting the performance of the manufacturing sector, economists said.

Business

Bernas builds RM10mil rice plant in Sabah

PADIBERAS Nasional Bhd (Bernas), through its subsidiary Beras Corp Sdn Bhd and a member of its group Sazarice Sdn Bhd, has strengthen its position as a leader in the country#039;s rice trading business with the start of a rice processing and packaging operations in Kota Kinabalu.

Business

Pak Lah: We’ll keep our doors open

MALAYSIA will confront globalisation and liberalisation by keeping its doors open, and not by retreating behind walls of protectionism, said Deputy Prime Minister Datuk Seri Abdullah Ahmad Badawi.

Business

Focus turns to cyclical stocks

GIVEN the growing optimism on the economic front and better earnings visibility, investment analysts and strategists think now is the time to increase exposure to cyclical stocks that are sensitive to economic health.