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KUALA LUMPUR: Property developer Mah Sing Group Bhd has projected a higher sales target for 2020 after the company said it sold RM1.5bil worth of new properties in financial year ended Dec 31, 2019 (FY19).
KUALA LUMPUR: FGV Holdings Bhd returned to profit in the last three months of 2019, as higher palm oil prices and significantly reduced operating cost halted the planter's three straight quarters of losses.
JAKARTA: Indonesian stocks slumped to a two-year low, headed for a bear market as investors grew increasingly jittery over the economic impact of the fast spreading coronavirus on Southeast Asia’s largest economy.
KUALA LUMPUR: AmInvestment Bank Research maintained its Buy call on Malayan Banking (Maybank) with a lower fair value of RM9.50 a share.
KUALA LUMPUR: The tax exemption for employers who help to pay off their workers’ outstanding National Higher Education Fund Corporation (PTPTN) loans has been extended.
PETALING JAYA: BIMB Holdings Bhd’s net profit for the fourth quarter of financial year 2019 (FY19) rose by 12.1% year-on-year (y-o-y) on improved Islamic banking performance.
SYDNEY: Air New Zealand Ltd said on Thursday its new chief executive had launched a comprehensive strategic review of its business after the airline announced its fourth consecutive fall in first-half earnings.
PETALING JAYA: Genting Bhd’s net profit for the fourth quarter ended Dec 31,2019 was down 19.28% to RM528.82mil on the back of a 1.75% drop in revenue to RM5.3bil.
PETALING JAYA: Star Media Group Bhd (SMG) posted a pre-tax profit of RM14.64mil for its financial year ended Dec 31,2019 from RM8.94mil in the previous year mainly due to lower operating expenses from its print and radio segment.
KUALA LUMPUR: The challenging economic environment currently could only be a short-term volatility that Malaysia would be able to see through easily, thanks to the country’s strong fundamentals.