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AMMB posts Q4 earnings of RM280m, Div 10.5 sen

KUALA LUMPUR: AMMB Holdings Bhd posted earnings of RM280.02mil in the fourth quarter ended March 31, 2016 and rewarded shareholders with a dividend of 10.5 sen a share and cautioned about a slower growth for the banking sector.

Property developer to launch more units between RM300,000 to RM500,000

KUCHING: Property developer Naim Holdings Bhd plans to launch more medium-cost and affordable residential projects, with units in the range of RM300,000 to RM500,000 each.

Top Glove’s 2Q net profit jumps 86%

KUALA LUMPUR: Top Glove Corp Bhd’s net profit jumped 86.6% to RM104.6mil in the second quarter ended Feb 29 compared with RM56.06mil achieved in the same period a year ago.

Oracle profit beats expectations; share buyback boosted by US$10bil

Oracle Corp reported a higher-than-expected quarterly profit as its cloud business continued to gain momentum, and the company said it was boosting its stock buyback program by US$10bil (RM41.38bil).

Scomi committed to finish KL monorail expansion project

SEPANG: Scomi Engineering Bhd is committed to complete the RM494 million Kuala Lumpur Monorail expansion project, said chief executive officer Rohaida Ali Badarudin.

Top foreign and local stories at 4pm

Top foreign and local stories at 4pm

Govt looking to approve solar PV with RM1.7b investment

KUALA LUMPUR: The government is looking to approve several more solar photovoltaic (PV) companies with a total estimated investment of RM1.7 billion this year.

NZ Rugby posts loss for 2015 despite All Blacks triumph

WELLINGTON (Reuters) - New Zealand Rugby (NZR) posted a loss of revenue last year despite the continued global dominance of the All Blacks that culminated in a second successive World Cup triumph, the governing body said on Wednesday.

Drive for EU membership could help pull a fractured Bosnia together

TUZLA, Bosnia (Reuters) - Bosnian membership in the European Union might not seem a realistic, or even desirable, goal, but boosters of the idea say working towards joining may be the only way the country can pull itself together 20 years after its devastating war.

Scomi committed to completing KL Monorail expansion project

SEPANG: Scomi Engineering Bhd is committed to completing the RM494mil KL Monorail expansion project, said chief executive officer Rohaida Ali Badarudin.