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Corporate News 17 May 2016 | 1:44 AM

KLCI stages mild rebound, Petronas stocks lead

KUALA LUMPUR: Blue chips staged a mild rebound early Tuesday after the recent spate of selling pressure, triggered by foreign fund cutting their stakes, with the FBMKLCI inching up just two points,

Business 28 Jan 2015 | 4:26 PM

MARC affirms AAA rating on PLUS Bhd’s RM23.35b Sukuk

KUALA LUMPUR: Malaysian Rating Corporation Bhd (MARC) has affirmed the AAAIS rating on tolled road concessionaire Projek Lebuhraya Usahasama Bhd's (PLUS Bhd) RM23.35bil Sukuk Musharakah Programme (sukuk) with a stable outlook.

Business 16 Dec 2014 | 5:23 PM

KLCI closes nearly 24pt down to March 2013 low

KUALA LUMPUR: The FBM KLCI closed Tuesday at its lowest since March 2013, down almost 24 points on late selling of Maybank and IOI Corp as foreign investors continued to cash out.

Business 09 Dec 2014 | 11:38 AM

IJM shares up on Jaipur-Mahua Tollway sale

KUALA LUMPUR: Shares of IJM Corp Bhd rose at mid-morning on Tuesday after its unit IJM Rajasthan (Mauritius) Ltd (IJMRM) agreed to sell its 100% stake, in Jaipur-Mahua Tollway (JMPTL) to ISQ Asia Infrastructure I-A Private Ltd for a 5.25 billion rupees (RM295mil).

Business 09 Dec 2014 | 12:00 AM

IJM stands to gain RM188mil from selling JMTPL stake

PETALING JAYA: IJM Corp Bhd is expected to make an estimated gain of RM188mil from the proposed disposal of its 100% stake in Indian tolled-road concessionaire Jaipur-Mahua Tollway Private Ltd (JMTPL).

Business 08 Dec 2014 | 12:57 PM

IJM Corp to gain RM188m from sale of highway firm in India

KUALA LUMPUR: IJM Corporation Bhd is selling its 100% stake in Indian tolled-road concessionaire Jaipur-Mahua Tollway Private Ltd (JMTPL) to ISQ Asia Infrastructure I-A Private Ltd for RM295mil.

Business 25 Nov 2014 | 12:45 PM

KLCI holds on to gains amid weaker broader market (Update)

KUALA LUMPUR: The FBM KLCI extended its gains at midday on Tuesday on fund buying of of Petronas Gas, Hong Leong Bank and Telekom Malaysia but the broader market showed signs of profit taking.