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Business

AirAsia X carries 23% more passengers in third quarter

PETALING JAYA: AirAsia X Bhd (AAX) carried 1.49 million passengers in the third quarter ended Sept 30, up 23% from 1.2 million passengers in the same period in 2016.

TECH

Tesla deliveries rise in third quarter, but Model 3 faces bottlenecks

Luxury electric vehicle maker Tesla Inc said its deliveries rose 4.5% in the third quarter from the prior-year period.

Business

Oil prices lower after strong third quarter as Sept Opec output rises

TOKYO: Oil prices fell on Monday, pausing for breath after posting gains of as much as 20 percent in the third quarter, after a survey pointed to a slight increase in OPEC production in September.

Business

EPF investment income rises 29% to RM12.32b in third quarter

KUALA LUMPUR: The Employees Provident Fund (EPF)'s investment income surged 29.21% to RM12.32 billion in the third quarter ended Sept 30, 2016, from RM9.54 billion a year earlier.

Business

MISC third quarter profit dips to RM134mil

PETALING JAYA: Energy shipping company MISC Bhd's net profit for the third quarter ended Sept 30 plummeted to RM134.1mil as compared to RM483.6mil in the corresponding quarter last year mainly dragged down by lower profit recorded in its liquefied natural gas (LNG) segment, loss in it is petroleum segment and higher depreciation of vessels.

Business

MQ REIT posts higher revenue in third quarter

PETALING JAYA: MRCB-Quill Real Estate Investment Trust (MQ REIT) registered a 2.2% increase in gross revenue at RM32.5mil for the third quarter ended Sept 30 compared with the same quarter a year ago.

TECH

Line Corp swings to third quarter net profit of ¥2.4bil

Japanese messaging app operator Line Corp said net income swung to profit in the third quarter, as advertising sales increased after it introduced a new platform in June for hosting digital ads.

TECH

At Samsung, strong third-quarter chip sales to ease sting of Note 7 hangover

Scarred by the global recall of its flagship smartphone, Samsung Electronics Co is set to report on Oct 7 it still expects a small rise in third-quarter profit, analysts say, with healthy sales of memory chips and displays easing the pain.

Business

Third quarter earnings surge seen from CPO price rally

PLANTATION players, particularly those with a large exposure to the upstream segment, could record a large increase in income during the third quarter period due to the strong recovery in crude palm oil (CPO) prices, analysts say.

Business

Tesla Motors discloses $1.1 bln in third-quarter cash needs

SAN FRANCISCO: Tesla Motors Inc on Friday disclosed $1.1 billion in third quarter cash requirements in payments and planned expenditures, about a third of the cash on hand mid-year, in a new sign of pressure on the electric vehicle maker.