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Business

Mudajaya sees turnaround as early as in third quarter

PETALING JAYA: Loss-making Mudajaya Group Bhd expects to start seeing a turnaround in its fortunes by as early as the third quarter of its current financial year ending Dec 31 as it seeks to fix its Indian venture.

Business

TM earnings marginally lower at RM301.4mil in third quarter

PETALING JAYA: Telekom Malaysia Bhd (TM) achieved a net profit of RM301.4mil, or 8.40 sen per share, for its third quarter ended Sept 30, marginally lower than the RM302.1mil, or 8.40 sen per share, posted in the same quarter last year after it made lower gains.

Business

E&O third quarter net profit down but revenue higher

PETALING JAYA: Eastern & Oriental Bhd’s (E&O) third quarter net profit dropped 29.28% to RM21.98mil on the back of a 36.41% jump in revenue to RM331.9mil due to higher income tax expense.

Business

Third quarter growth at 4.4%

Contrary to market prediction, Malaysia’s economy grew at a marginally slower pace in the third quarter, instead of picking up pace.

Business

Market ends third quarter on positive note

THE local stock market has ended the third quarter on a positive note, closing 6% higher yesterday in active trade and raising hopes the next three months would see the KLSE Composite Index (CI) rising to around the 800-point level.

Business

US third-quarter economic growth raised to 3.5%

WASHINGTON: The US economy grew faster than initially thought in the third quarter, notching its best performance in two years, amid solid consumer spending and a jump in soybean exports.

Business

US third-quarter growth revised lower to 2.0%

WASHINGTON: The US economy grew at a fairly healthy clip in the third quarter as strong consumer and business spending offset efforts by businesses to reduce an inventory glut, underscoring its resilience despite a raft of headwinds.

Business

Analysts expect poor third quarter for AirAsia and MAS

PETALING JAYA: Both AirAsia Bhd and Malaysia Airlines (MAS) are not expected to report significant improvements to their financial performance in the third quarter, owing to the high cost of jet fuel, according to research analysts.

Business

EPF earns RM5.5bil investment income for third quarter

KUALA LUMPUR: The Employees Provident Fund (EPF) generated an investment income amounting to RM5.5bil in the third quarter of 2009, an increase of RM696.32mil, or 14.51%, over the RM4.8bil generated in the previous quarter.

Business

Hong Kong's economic growth likely slowed in third quarter

HONG KONG: The pace of Hong Kong's economic expansion likely slowed in the third quarter as consumers cut back on spending in the face of higher interest rates, economists said.