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Business

Talam Transform Q3 net loss widens to RM3.91mil

PETALING JAYA: Talam Transform Bhd’s net loss for its third quarter ended Oct 31, 2018 widened to RM3.91mil compared with RM3.51mil in the previous corresponding period, mainly due to a provision for impairment of inventory.

Business

Maersk reports net loss in second quarter

COPENHAGEN: Danish shipping group A.P. Moller Maersk reported an unexpected net loss in the second quarter due to terminal and tanker impairment charges, but said it was upbeat on the container shipping outlook.

Business

MMHE eyes RM4bil contracts

KUALA LUMPUR: Malaysia Marine and Heavy Engineering Holdings Bhd (MMHE) is targeting to secure some RM4bil in new contracts this year, even as some of the jobs that it had eyed earlier were deferred due to the low price of crude oil.

Business

Hiap Teck narrows losses

SHAH ALAM: Steel pipe maker Hiap Teck Venture Bhd, which returned to the black in the third and fourth quarters of financial year 2016, has gone into the red again in its first quarter ended Oct 31.

Nation

Appeals court awards RM40,000 to woman over termination

PUTRAJAYA: A mother of four who lost her post as untrained attachment teacher due to her pregnancy was awarded RM40,000 in damages by the Court of Appeal, for breach of constitutional rights, and emotional and mental distress.

Business

Bursa Malaysia reports lower Q3 net profit

KUALA LUMPUR: Bursa Malaysia Bhd reported a lower net profit of RM44.04mil for its third quarter ended Sept 30, 2016 from RM51.47mil a year ago on the back of lower trading activity and a subsequent decrease in operating revenue.

Business

Banks' selling insurance assets seen related to new financial standard

PETALING JAYA: The move to dispose of non-core assets to beef up capital for the upcoming new standard on loan impairments under MFRS 9 may explain why some banks are in a rush to sell their insurance businesses.

Business

Deutsche Bank buyback said to spark backlash

Investors who just bought the bank’s bonds push for better terms