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  • AirAsia X inks conditional amendment agreement with Airbus for additional 34 aircraft

    July 20, 2018 7:30 AM 7

    PETALING JAYA: AirAsia X Bhd has entered into a conditional amendment agreement with Airbus S.A.S for the purchase and delivery of an additional 34 A330-900neo aircraft pursuant to the A330-300 purchase agreement dated June 14, 2007. This comes after the low-cost long-haul carrier announced yesterday that it had placed an order of 100 Airbus A330neo widebody

  • Job vacancies drop 12.7% in Q4 2017: Statistics Department

    July 20, 2018 6:32 AM 5

    PETALING JAYA: Job vacancies registered a negative growth of 12.7% year-on-year in the fourth quarter of 2017 (Q4 2017) to 206,000, compared with 236,000 in the previous corresponding quarter, according to Department of Statistics (Dos). The jobs created also declined by 8.5% to 30,000 in Q4 2017 from 33,000 in the same period a year ago, it said in its maiden

  • Serba Dinamik bags RM268m Laos contract

    July 19, 2018 1:41 PM 5

    PETALING JAYA: Serba Dinamik Holdings Bhd’s wholly owned subsidiary Serba Dinamik International Ltd (SDIL) has secured a US$66.2 million (RM268.8 million) engineering, procurement, construction and commissioning contract (EPCC) from Lao People’s Democratic Republic based Nam Taep 1, 2, 3 Hydropower Co Ltd. The EPCC contract which commences today is set to go on for up to 43 months

  • AirAsia X places 66 widebody aircraft order

    July 19, 2018 11:11 AM 5

    SEPANG: AirAsia X,w has confirmed an order for 66 A330neo widebody aircraft with an additional 34 aircraft, bringing its total order to 100. AirAsia Group CEO and AirAsia X co-group CEO Tan Sri Tony Fernandes said the list price for the 100 aircraft is US$30 billion and the 100 aircraft will be used by AirAsia X Malaysia, Thailand and Indonesia

  • CIMB Thai's Q2 profit down 46.4% on higher bad debts, impairment losses

    July 19, 2018 5:08 AM 4

    PETALING JAYA: CIMB Group Holdings Bhd's 94.11%-owned indirect subsidiary CIMB Thai Bank PCL reported a 46.4% decline in net profit to THB191.2 million (RM23.2 million) for the second quarter ended June 30, 2018 against THB356.6 million (RM43.3 million) in the previous corresponding period, mainly dragged by bad and doubtful debts and impairment losses

  • APFT takes legal action against former director

    July 18, 2018 1:35 PM 4

    PETALING JAYA: APFT Bhd’s board of directors are taking legal action against its former director Datuk Faruk Othman for allegedly misappropriating funds, causing the company’s fall into the Practice Note 17 (PN17) category and breach Main Market Listing Requirements. Its board of directors told the stock exchange that the company has filed a Writ and Statement

  • Awer calls for audits of all power projects awarded from 2011 onwards

    July 17, 2018 3:32 PM 4

    PETALING JAYA: The Association of Water and Energy Research Malaysia (Awer), which had consistently called on the Barisan Nasional government to abandon direct negotiations for power plant projects, has asked the Pakatan Harapan government to audit all approval processes and awards of power plant in KeTTHA, the Energy Commission and the Sustainable Energy

  • Malaysia sukuk issuance rises to US$19.4b in first-half 2018

    July 17, 2018 1:27 PM 5

    PETALING JAYA: Malaysia’s sukuk issuance increased to US$19.4 billion (RM78 billion) as at end-June 2018 from US$18.6 billion in the same period a year ago, accounting for a healthy 38.7% share of global sukuk issuance, according to RAM Ratings. Based on the growth trends in sukuk issues from Malaysia, Indonesia, Bahrain, Kuwait and the United Arab Emirates

  • Salcon's share price rise 4.84% after bagging RM71m Sri Lanka job

    July 17, 2018 3:05 AM 3

    PETALING JAYA: Salcon Bhd’s share price rose 4.84% this morning after it secured a US$6.8 million (RM27.7 million) and 1.718 billion rupees (RM43.6 million) storm water pumping station contract in Sri Lanka. At 10.47am, its share price was 4.84% or 1.5 sen higher at 32.5 sen with 6.46 million shares traded. Yesterday, the group said that its wholly owned

  • Vizione gets time extension for private placement

    July 16, 2018 12:58 PM 5

    PETALING JAYA: Bursa Malaysia Securities Bhd today granted Vizione Holdings Bhd an extension of time until Oct 26 to complete the implementation of its private placement exercise. In January, Vizione proposed to undertake the private placement to raise gross proceeds of up to RM67.11 million, where it will place not more than 10% of the enlarged issued