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  • Amanah Harta Tanah PNB back in the black

    January 22, 2018 1:05 PM 4

    PETALING JAYA: Amanah Harta Tanah PNB has returned to the black in the fourth quarter (Q4) ended Dec 31, 2017, after registering a net profit of RM8.99 million against a net loss of RM2.8 million in the previous corresponding quarter, due to unrealised gain on valuations. The real estate investment trust’s (REIT) revenue for the quarter decreased 17.9% to RM7.62 million

  • Sanofi confirms deal to buy Bioverativ for US$11.6b

    January 22, 2018 7:00 AM 4

    French multinational pharmaceutical company Sanofi logo seen at their headquaters in Paris March 8, 2016. — Reuters picPARIS, Jan 22 — French healthcare group Sanofi has agreed to buy US peer Bioverativ for US$11.6 billion (RM45.65 billion), in a deal which Sanofi said would boost its earnings and strengthen its presence in the field of treatment for rare diseases

  • Poh Huat shares slip after trading resumes

    January 22, 2018 5:52 AM 2

    KUALA LUMPUR, Jan 22 — Poh Huat Resources Holdings Bhd’s shares eased three sen to RM1.54 at the end of the morning session today, with 555,100 shares changing hands after it resumed trading at 11am. In an announcement to Bursa Malaysia today, the furniture manufacturer said a fire incident had occurred at one of the five factory buildings in Muar, Johor

  • Seven of 100 top listed firms have all-male boards

    January 21, 2018 12:41 PM 7

    PETALING JAYA: Only seven of the top 100 listed companies on Bursa Malaysia Bhd have all-male boards since the start of a campaign by the Securities Commission (SC) to at least have one female representative in these companies, by the end of 2018. In a statement released today the SC said as at Jan 17, 2018 there has been a 65% improvement in the drive

  • Analyst keeps faith with RM17.60 target for TNB

    January 19, 2018 2:20 AM 5

    The Tenaga Nasional Berhad (TNB) logo is seen on a building in Kuala Lumpur April 29, 2016. — Picture by Saw Siow FengKUALA LUMPUR, Jan 19 — CIMB Equities Research has maintained its target price of RM17.60 for Tenaga Nasional Bhd (TNB). Basing this on a price-to-earnings ratio of 14 times for the 2019 financial year, it said in a statement carried by The Star that TNB should

  • Bursa rebounds to open higher

    January 19, 2018 1:59 AM 4

    KUALA LUMPUR, Jan 19 — Bursa Malaysia rebounded from yesterday's losses to open slightly higher today on renewed buying interest in selected heavyweights, amid a mixed start on regional markets, dealers said. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,824.10, up 2.50 points, from yesterday's close of 1,821.60.It opened 1.79 points

  • Venezuela currency rout hits new milestone at 200,000 per US dollar

    January 19, 2018 1:35 AM 4

    A man counts Venezuelan bolivar notes in downtown Caracas January 9, 2018. — Reuters picCARACAS, Jan 19 — Venezuela’s currency crossed a new barrier this week as hyperinflation exploded and Nicolas Maduro’s government readied a cryptocurrency issuance next month. The rate in the black market — where most Venezuelans acquire US dollars — weakened to 202,000 bolivars

  • Malaysian palm oil output to rise 3% in 2018

    January 18, 2018 12:37 PM 8

    KUALA LUMPUR: Palm oil production in Malaysia, the world’s No. 2 producer of the commodity, will rise by 3% in 2018, an industry body forecast today. The Malaysian Palm Oil Board (MPOB) expects production to climb to 20.5 million tonnes from 19.9 million tonnes in 2017, the group’s director-general, Datuk Ahmad Kushairi, said at an industry conference

  • Sunway theme parks records visitor growth in 2017

    January 18, 2018 11:20 AM 10

    KUALA LUMPUR, Jan 18 — Sunway Group’s two theme parks recorded a growth in the number of visitors for 2017 despite the softening economy, signalling higher tourist spending. Sunway Malls and Theme Parks chief executive HC Chan said Sunway Lagoon and Lost World of Tambun theme parks recorded 1.6 million and 1.1 million visitors respectively

  • MITI: 2017 was bumper year for Malaysia’s auto sector

    January 18, 2018 7:44 AM 7

    (From left) Datuk Zainal Amanshah, Datuk Dr Loga Bala Mohan, Datuk Mustapa Mohamad and Datuk Idris Jala at the networking event by InvestKL, February 11, 2015. ― Picture by Choo Choy MayKUALA LUMPUR, Jan 18 — The local automotive sector rose in terms of production, market penetration and exports of parts and components in 2017, said the International