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Business 09 Jun 2016 | 12:00 AM

Malaysia's Trive and China firm form solar products tie-up

KUALA LUMPUR: Trive Property Group Bhd has established a joint-venture (JV) company with China-based Fortunate Solar Technology Ltd to tap into solar business with a total investment of RM60mil.

Business 09 Jun 2016 | 12:00 AM

Eatech plans to acquire 100% stake in Libra Perfex

KUALA LUMPUR: E.A. Technique (M) Bhd (Eatech) has proposed to acquire a 100% interest in Libra Perfex Precision Sdn Bhd for RM5mil.

Business 09 Jun 2016 | 12:00 AM

BAT sells factory in PJ to LGB Properties for RM218mil

PETALING JAYA: British American Tobacco (M) Bhd (BAT Malaysia) is selling its landmark cigarette factory in Petaling Jaya for RM218mil to LGB Properties (M) Sdn Bhd as the group winds down its manufacturing business in the country. The buyer for the site was selected via a public tender exercise.

Business 09 Jun 2016 | 12:00 AM

World Bank expects M’sian economy to pick up pace in 2017

PETALING JAYA: The World Bank expects economic growth in Malaysia to trail expansion in the rest of the region this year, but to pick up pace from 2017 onwards as prices of commmodity stabilise.

Business 09 Jun 2016 | 12:00 AM

IHH unit in JV to build hospital in Shanghai

PETALING JAYA: IHH Healthcare Bhd’s unit Parkway Pantai Ltd, through its joint venture company with Shanghai Hongxin Medical Investment Holding Co Ltd, has entered into a land contract with the Shanghai Minhang District Planning and Land Authority for the development of a 450-bed multi-speciality tertiary hospital in Shanghai New Hongqiao International Medical Centre.

Business 09 Jun 2016 | 12:00 AM

1MDB reiterates that its liquidity position is strong

KUALA LUMPUR: 1Malaysia Development Bhd (1MDB) reiterates that its liquidity position is strong despite a move by Moody’s Investor Services to withdraw its rating on the 5.99% US$1.75bil senior unsecured notes issued by 1MDB Energy Ltd.

Business 09 Jun 2016 | 12:00 AM

Aireen: Asean market is not saturated

KUALA LUMPUR: AirAsia, which flies to almost all major destinations in Asean, says the market remains attractive for more routes and it is a matter of having the right platform and to create demand.

Business 09 Jun 2016 | 12:00 AM

Oil rally excites investors

HOUSTON: Oil closed above US$50 a barrel in New York for the first time in 10 months and US production has fallen to the lowest in almost two years. Time to drill, baby, drill?

Business 09 Jun 2016 | 12:00 AM

Steady outlook seen for Malaysia's construction sector

PETALING JAYA: KAF-Seagroatt & Campbell Securities (KAFSC) expects a steady outlook for the local construction sector, driven by heightened rollout of domestic infrastructure projects.

Business 09 Jun 2016 | 12:00 AM

Low risk of downgrade in Malaysia's sovereign credit rating

PETALING JAYA: The possible increase in Malaysia’s debt ceiling limit will unlikely lead to a downgrade in its sovereign credit rating, says MIDF Research.