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Renewed selling of blue chips drags down KLCI

Stocks on Bursa Malaysia tumbled yesterday, dragged down by renewed sell-off on blue-chip firms like KNM Group Bhd and IOI Corp Bhd amid worries that falling commodity prices and weaker global growth outlook will hurt earnings.


Tenaga swings into RM282.9m net loss in Q4

Tenaga Nasional Bhd posted net loss of RM282.9mil for the fourth quarter ended Aug 31 compared with net profit of RM168.4mil a year ago following higher coal prices and weaker ringgit compared with the US dollar and yen.


Losses incurred due to power failure

Factory owners are suffering great losses with the frequent power failures at Taman Perindustrian Nusajaya 1 near here.


Bring down power tariffs, Tenaga urged

Tenaga Nasional Berhad has been urged to lower electricity charges in tandem with the drop in fuel prices.


KLCI falls to 27-month low

Asian markets fell sharply in the morning session on Thursday with Japan the worst hit, on rising fears of a global recession despite the coordinated moves by the US and European government to shore up the banking sector.


'Cut electricity charges after fuel price drop'

Tenaga Nasional Berhad has been urged to lower electric charges in tandem with the reduced fuel prices


Markets ease on weaker US corporations’ earnings outlook

Asian markets eased in early trade on Wednesday following the weaker overnight close on Wall Street due to worsening outlook for US corporations' earnings.


Tenaga, IOI Corp weigh down market

Investors were quick to lock in their gains at midday on Wednesday as sentiment deteriorated on concerns about the weaker US economic outlook despite the trillions of dollars to shore up the financial institutions in US and Europe.


Help all SMEs, big firms urged

ALL big companies should help small and medium-sized enterprises irrespective of the ethnicity of their owners, Deputy Prime Minister Datuk Seri Najib Tun Razak told the Dewan Rakyat.


Lim wants TNB to review electricity tariff

Penang Chief Minister Lim Guan Eng wants Tenaga Nasional Berhad (TNB) to review its tariff since the price of crude oil had dropped in the global market.