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SP Setia, Setia Haruman in JV for Cyberjaya development

KUALA LUMPUR: SP Setia Bhd has acquired 57 acres of freehold land in Cyberjaya from Cyberjaya’s master developer, Setia Haruman Sdn Bhd, for RM177.5mil.

MISC allocates US$4bil for capex

KUALA LUMPUR: MISC Bhd has allocated US$4bil in capital expenditure (capex) over the next five years with the aim of securing more floating production storage and offloading (FPSO), and shuttle tankers projects.

Syed Zainal is PetDag’s new MD/CEO

KUALA LUMPUR: Petronas Dagangan Bhd will have Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir as its new managing director and chief executive officer.

Rashdan appointed Gamuda deputy group MD

KUALA LUMPUR: Gamuda Bhd has appointed investment banker Mohammed Rashdan Yusof as deputy group managing director in charge of its sprawling property business.

Tech stocks take a beating

THE odds do not seem to favour technology-based stocks overall at present, with market leaders such as Apple Inc tanking to a near-2½-month low.

Firms feel the impact of rising oil prices

THE highest oil prices in years are increasing expenses for companies that had grown used to low energy costs since crude’s 2014 tumble, while the turnabout is proving to be a boon for some businesses.

Relaxing bank capital requirements would risk another crisis

AMERICA’S biggest banks are among the most leveraged financial institutions operating in the country today.

Nestle Malaysia looks set for another good year

A CONSISTENT performer and market leader in the food and beverage (F&B) industry, Nestle (Malaysia) Bhd is on track for another strong performance this year.

Sime Darby rides on Caterpillar

Caterpillar Inc, the world’s number one manufacturer of heavy equipment and power systems, has been a solid performer for local conglomerate Sime Darby Bhd for many years.

Supermax surges as analysts turn upbeat

GLOVE maker Supermax Corp Bhd may have gotten its “mojo” back. After nearly two years in downtrend, halving in value, the stock has charged by almost 44% in the last four months. This was despite the volatility and uncertainties in the local bourse year-to-date.