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Business

CPO to extend bearish trend on subdued demand

KUALA LUMPUR: The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives is expected to extend its bearish trend next week on subdued demand, trading at between RM1,900 and RM1,945 a tonne, said a dealer.

Business

Property tourism in a market glut

A GROUP of about 100 people from Hong Kong exit a tour bus that’s parked at the base of Phileo Damansara in Petaling Jaya, making their way up excitedly to Sheng Tai International Sdn Bhd, a diversified real estate, investment management and hospitality firm.

Business

(Data) Road trip anyone?

Comment by Freddy Loo I LOVE working in Malaysia. Being a multicultural country also means plenty of festive celebrations and holidays. And as I write this, I can see and feel the buzz of families planning their Raya balik-kampung road trips to spend time with family and friends.

Business

Mach 1 appointed exclusive dealer for JCB in Peninsular Malaysia

PETALING JAYA: Mach 1 has been appointed the exclusive distributor and dealer for JCB in Peninsular Malaysia.

Business

Consultants appointed for HSR project

PETALING JAYA: MyHSR Corp Sdn Bhd has appointed Minconsult Sdn Bhd and Ernst & Young as the technical advisory consultant (TAC) and commercial advisory consultant (CAC) respectively for the Kuala Lumpur-Singapore high speed rail (HSR) project.

Business

SunCon wins RM496mil contracts

PETALING JAYA: Sunway Construction Bhd (SunCon) has received three construction contracts totalling RM496mil, pushing its total projects secured this year to RM1.53bil.

Business

Powernet appoints Serba Dinamik's Karim deputy chairman, Mustakim group MD

KUALA LUMPUR: The new substantial shareholders in Kumpulan Powernet Bhd, led by billionaire Datuk Mohd Abdul Karim Abdullah, have taken management control of the company.

Business

Bursa, Asian markets close lower ahead of Trump-Xi meeting

KUALA LUMPUR: Bursa Malaysia joined key Asian markets to close in the red on Friday – the last trading day of the first half – on lack of fund support due to uncertainty ahead of a meeting between US President Donald Trump and Chinese President Xi Jinping.

Business

Unisem to close Batam plant due to losses

KUALA LUMPUR: Unisem (M) Bhd is closing its facility in Batam, Indonesia due to persistent losses since 2011.

Business

PLUS Malaysia appoints Mohamad Nasir as chairman

KUALA LUMPUR: PLUS Malaysia Bhd has appointed Datuk Mohamad Nasir Ab. Latif as its chairman effective from Thursday.