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  • Gold futures ends higher

    May 25, 2018 1:01 PM 6

    KUALA LUMPUR: Gold futures contract on Bursa Malaysia Derivatives closed higher today as investors turned to the precious metal after US President Donald Trump cancelled a planned meeting with North Korea leader Kim Jong-Un, said a dealer. Phillip Futures Sdn Bhd Dealer Kiang Jia Ling said the decision taken by Trump triggered safe-haven buying

  • AirAsia Group Q1 earnings jump 86.62%

    May 24, 2018 12:26 PM 5

    PETALING JAYA: AirAsia Group Bhd’s net profit for the first quarter ended March 31, 2018 jumped 86.62% to RM1.09 billion from RM584.25 million a year ago due to growth in the business and a remeasurement gain from the disposal of a subsidiary. AirAsia Group results encompasses Malaysia, Indonesia and Philippine units. In a filing with Bursa Malaysia

  • MoF asked for repayment of RM1.199b shareholder capital from Khazanah in 2017

    May 24, 2018 5:47 AM 3

    PETALING JAYA: Khazanah Nasional Bhd today acknowledged that it had paid RM1.199 billion in shareholder capital to Ministry of Finance (MoF) in August 11, 2017, but explained that it has no control over the use of the funds by the Ministry. In a short statement issued earlier, the country's strategic investment arm stated that it had made a close to RM1.2 billion

  • UEM Edgenta's share price falls 1.48% despite jump in earnings

    May 24, 2018 3:44 AM 3

    PETALING JAYA: UEM Edgenta's share price fell 1.48% to a low of RM1.99 on early trade, despite reporting an earnings jump for the first quarter ended March 31. At 11.38 am, its share price stood at RM2.00 with some 77,200 shares done. The total asset solutions company's net profit for the first quarter rose 8.3% to RM29.55 million from RM27.28 million

  • GST removal seen as boon for property market

    May 23, 2018 3:37 PM 5

    PETALING JAYA: The removal of the Goods and Services Tax (GST) will boost sentiments in the property sector, particularly the commercial sub-sector. "Now is a good time to spur demand, a good time to buy and a good time for developers to market their products. Property developers could lower prices or promote packages to push sales during this period

  • MSM returns to black in Q1 with RM15.81m profit

    May 23, 2018 5:31 AM 4

    PETALING JAYA: MSM Malaysia Holdings Bhd swung to the black registering a net profit of RM15.81 million for the first quarter ended March 31, 2018 against a net loss of RM34.62 million in the previous corresponding period, driven by low raw material costs and favourable foreign exchange rates. Revenue, however, declined 14.2% to RM549.06 million from RM640.05 million

  • Guan Eng: SST to be implemented this year at 10%

    May 22, 2018 9:26 AM 6

    PUTRAJAYA: The Sales and Services Tax (SST) will be reintroduced this year at the former rate of 10%. In his first press conference as the Finance Minister today, Lim Guan Eng said the Goods and Services Tax (GST) will definitely be replaced by SST this year. "We want to replace the GST with SST as soon as possible. It will definitely be this year but let us work it out before

  • MRCB shares up 3.44% on plan to resolve EDL issue by year-end

    May 22, 2018 5:15 AM 5

    PETALING JAYA: Malaysian Resources Corp Bhd's (MRCB) share price rose as much as 3.44% in early trade to hit 75 sen, after it set a timeline to resolve the termination of the Johor Bahru Eastern Dispersal Link's (EDL) concession by year-end. At 11.34 am the stock stood at its opening price of 73.5 sen with 21.46 million shares changing hands

  • Grab partners Maybank for mobile wallet launch

    May 21, 2018 12:28 PM 7

    PETALING JAYA: Grab today announced a strategic partnership with Maybank to drive the acceptance and usage of Grab’s new cashless payment method, the GrabPay mobile wallet. The announcement comes as Grab, which received its e-money license from Bank Negara Malaysia in December 2017, is set to launch its GrabPay mobile wallet in beta in the coming weeks

  • MRCB: No significant impact from change in government

    May 21, 2018 7:01 AM 11

    KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) does not expect the change in government to have much impact on its projects. Executive director Imran Salim said it does not have exposure to government projects such as the East Coast Rail Link and Mass Rapid Transit Line 3. "The only one is MyHSR but there is no impact at this juncture as the project