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Iconic Worldwide posts improved quarterly performance
KUALA LUMPUR: Iconic Worldwide Bhd posted a net profit of RM2.77mil for the third quarter ended Dec 31, 2019 (Q3FY2020), compared with a net loss of RM1.91mil posted in the same period last year.
UEM Sunrise revenue up 42%
KUALA LUMPUR: UEM Sunrise Bhd revenue rose by 42% to RM2.91bil in the financial year ended Dec 31,2019 from RM2.04bil a year ago, boosted by property development following the completion of its Melbourne projects.
UEM Sunrise FY19 revenue up 42% to RM2.91bil
KUALA LUMPUR: UEM Sunrise Bhd revenue rose by 42% to RM2.91bil in the financial year ended Dec 31,2019 from RM2.04bil a year ago, boosted by property development following the completion of its Melbourne projects.
IMF chief, Argentina flag path to new debt deal after G20 meet in Riyadh
RIYADH/BUENOS AIRES (Reuters) - Argentina on Saturday agreed to start consultations with the International Monetary Fund that could lead to a new financing programme, days after the global lender said the country's debt situation had become "unsustainable".
Affin Hwang trims forecasts for BAT amid falling industry volume
KUALA LUMPUR: Despite beating earnings expectations in 2019, British American Tobacco (Malaysia) Bhd (BAT) continues to operate in a challenging market as the total industry volume continues to decline.
MD of BAT retires
PETALING JAYA: The managing director of Malaysia’s largest tobacco company has retired just as the firm reported its worst net profit since its merger two decades ago.
Tussle for Aussie Caltex
MELBOURNE: Electric vehicles have charged up investments around the world, but Australia is revelling in a slew of deals involving old-school petrol stations, with a bidding battle developing for one of its top fuel retailers, Caltex Australia.
Air France-KLM expects coronavirus impact of 200mil euros, could climb higher
PARIS: Air France-KLM expects the coronavirus outbreak to wipe 150 million to 200 million euros ($162-216 million) off earnings by April, assuming China flights remain suspended until then, the Franco-Dutch airline group said on Thursday.
IMF experts meet Lebanese PM at start of visit
BEIRUT (Reuters) - A team of IMF experts met Prime Minister Hassan Diab on Thursday at the start of a visit to advise Lebanon on tackling a crippling financial and economic crisis.
TH Hotels to operate under new name Raia Hotel, staff absorbed
KUALA LUMPUR: Tabung Haji's four operating hotels, which were transferred to Urusharta Jamaah Sdn Bhd (UJ), will operate under a new name of Raia Hotel from April 1 and the staff would be absorbed.