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Corporates remain in earnings recession
AMONG the comments that were made at the of second quarter earnings season ended three months ago is that we have probably seen the worse in terms of earnings disappointment and investors should see better performance among our corporates going forward.
Huawei announces legal challenge to US's FCC ban
SHENZHEN, ANN: Huawei Technologies Co on Thursday announced a legal challenge to the US Federal Communications Commission, seeking a court ruling to overturn an "unlawful" order that bans local rural telecom carriers from using federal funding to purchase the company's equipment and services.
Astellas agrees to buy Audentes in US$3b gene-therapy deal
TOKYO: Astellas Pharma Inc. agreed to buy Audentes Therapeutics Inc. for about $3 billion, the latest deal by a pharmaceutical company eager to push into promising gene-therapy technologies.
China shuts 1,300 metal firms since 2016 in soil clean-up
BEIJING/SHANGHAI: China has shut more than 1,300 heavy metal enterprises since 2016 as part of a long-term plan to curb widespread chronic soil pollution, an environment ministry official said on Friday.
Powernet targets RM1bil order book in 6 months
kUALA LUMPUR: Kumpulan Powernet Bhd is targeting to increase its order book to RM1bil in six months after securing its first major project under the new management led by businessman Datuk Mohd Abdul Karim Abdullah
K Powernet bags RM254m construction job from Signvest
KUALA LUMPUR: Kumpulan Powernet Bhd has secured a RM254.32mil contract from Signvest Sdn Bhd to construct a 12-storey buiding here which also includes the completion of sewerage treatment facilities.
Taliworks 3Q net profit surges to RM72.6m
KUALA LUMPUR: Infrastructure company Taliworks Corporation Bhd posted a stronger set of earnings in the third quarter ended Sept 30,2019 with its net profit surging to RM72.63mil from RM19.68mil a year ago.
Ranhill eyes West Java project opportunities with local partner
KUALA LUMPUR: Ranhill Holdings Bhd expanded its regional prospects with the signing of three Memorandums of Understanding (MoU) with Indonesia’s PT Jasa Sarana.
AirAsia Group registers a loss in 3Q on new accounting treatment
KUALA LUMPUR: AirAsia Group Bhd made a loss in the third quarter ended Sept 30, as higher revenue achieved was offset by hefty accounting charges on its aircrafts and fuel hedge, as well as currency exchange losses.
Petronas Q3 profit halves on lower oil and gas prices
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) said global economic weakness amid rising geopolitical tensions and on-going trade war issues has impacted demand, as the national energy company reported a 52% drop in third quarter pre-tax profit.