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Corporate News 19 Feb 2019 | 12:00 AM

Kossan Rubber posts 30% jump in Q4 net profit

PETALING JAYA: Net profit for the fourth quarter rose 29.6% for Kossan Rubber Industries Bhd to RM59.5mil, on the back of improved performance in all three of the group’s divisions.

Corporate News 19 Feb 2019 | 12:00 AM

KLK sees rebound in crude palm oil prices

PETALING JAYA: Kuala Lumpur Kepong Bhd (KLK) said the steep drop in the price of crude palm oil (CPO) at the end of last year resulted in a lower profit contribution from its core plantation business, but expects a rebound in prices to support its performance in the coming months.

Nation 19 Feb 2019 | 12:00 AM

Speaker: Parliament to have childcare centre this year

KUALA LUMPUR: A childcare centre will be set up in Parliament for the convenience of female MPs and parliamentary staff with young children, said Dewan Rakyat Spea­ker Datuk Mohamad Ariff Md Yusof.

Nation 19 Feb 2019 | 12:00 AM

Thailand economy bolstered by domestic demand

Bangkok: Thailand’s economy grew at a faster pace in the fourth quarter than the previous three months, as local demand helped to offset a slide in exports.

Corporate News 19 Feb 2019 | 12:00 AM

Khazanah dividend payout below target

Government expects to receive RM2bil

Corporate News 19 Feb 2019 | 12:00 AM

Petronas Gas net profit weighed down by Kimanis Power

PETALING JAYA: Petronas Gas Bhd (PetGas) posted a marginal increase in net profit to RM1.81bil for its financial year 2018 ended Dec 31 (FY18), weighed down by a share of losses from joint-venture company Kimanis Power Sdn Bhd (KPSB).

AseanPlus News 19 Feb 2019 | 12:00 AM

Thai summer’s heat to spike

Bangkok: People must brace for extreme heat in the days to come, as an extraordinarily hot and arid summer has been forecast for Thailand from Thursday, while seven provinces in the north and the west are expected to experience extreme heat of 40°C to 44°C, experts have warned.

Business 19 Feb 2019 | 12:00 AM

DBS forecasts stable loan growth this year

South-East Asia’s biggest bank reports record annual profit for 2018

Business 19 Feb 2019 | 12:00 AM

China’s car sales tumble, road ahead bumpy

SHANGHAI: China’s automobile sales fell for a seventh straight month in January, the country’s top auto industry association said as demand slowed in the world’s largest auto market.

Business 19 Feb 2019 | 12:00 AM

Indonesian presidential hopefuls vow energy self-sufficiency via palm oil

JAKARTA: Indonesia’s two presidential candidates pledged to achieve energy self-sufficiency by boosting the use of bioenergy, particularly fuelled by palm oil, to cut costly oil imports by South-East Asia’s biggest economy.