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Orion bets big on small loans
SHAH ALAM: Last year, budding financial technology (fintech) firm Orion IXL Bhd got its first big break with a 15-year contract to provide end-to-end loan application solutions for the country’s top cooperative (co-op).
National cars maintain lead
National carmakers Proton and Perodua dominate sales over their foreign counterparts in the first half of this year as more customers traded their cars for more competitively-priced sport-utility vehicles (SUVs) despite the uncertain economic conditions.
Contractors could secure up to RM11bil in ECRL
PETALING JAYA: Local contractors could secure between RM8.8bil and RM11bil in civil work contracts from the RM44bil East Coast Rail Link (ECRL), which is set to be relaunched at the end of the month.
Khazanah clarifies on CIMB shares sale
KUALA LUMPUR: Khazanah Nasional Bhd has clarified that it has not dispose of its shares in CIMB Group Holdings Bhd.
MGO on the cards for Media Prima
PETALING JAYA: A mandatory general offer (MGO) at Media Prima Bhd seems more likely now, as Tan Sri Syed Mokhtar Albukhary further tightened his grip on the media company with an additional 55 million shares or a 4.96% stake last Thursday.
CGS-CIMB: Sale of FGV China Oils is a positive move for FGV
PETALING JAYA: The sale of FGV Holdings Bhd’s loss-making FGV China Oils Ltd (FGVCO) to China-based Grand Industrial Holding Co Ltd for RM100mil will allow the group to stop accounting for losses in its loss-making entity.
Minimal impact seen for glove makers
PETALING JAYA: The gas tariff hike of 5.3% is expected to only minimally impact glove manufacturers’ earnings in the third quarter, said CGS-CIMB.
How China can create its own Goldman Sachs
AN age-old question has reared its head again: Why can’t China create a globally competitive investment bank in the mold of Goldman Sachs Group Inc or Morgan Stanley?
Analysts have mixed views on Bursa’s year-end close
PETALING JAYA: Analysts have mixed views on the year-end performance of Bursa Malaysia.
A better second half anticipated
AFTER a rocky first half, investors now find themselves hoping that the second half will see Malaysian equities play catch-up to their regional peers.Â
