Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Business

All category news

  • EPF sees 7.64% increase in investment income in Q2

    September 5, 2018 7:51 AM 19

    PETALING JAYA: The Employees Provident Fund (EPF) saw a 7.64% increase in total investment income to RM12.39 billion for the second quarter ended June 30, 2018 against RM11.51 billion in the previous corresponding period. In a statement released today, the pension fund's deputy CEO (Investment) Datuk Mohamad Nasir Ab Latif said the trading environment

  • Malaysia’s exports rise 9.4% to record high of RM86.1b in July

    September 5, 2018 6:58 AM 20

    PETALING JAYA: Malaysia's exports expanded 9.4% year-on-year (yoy) to a record high of RM86.1 billion in July, driven by stronger growth in the electrical and electronics (E&E) and crude petroleum segments, according to the Department of Statistics. Re-exports in July 2018 was valued at RM18.7 billion and accounted for 21.7% of total exports. Domestic

  • Gabungan AQRS expects better years ahead on projects in hand and low costs

    September 5, 2018 6:35 AM 19

    PETALING JAYA: Gabungan AQRS Bhd expects to perform better this year and next, based on projects in hand and low operating cost. Group CEO Datuk Azizan Jaafar said its construction order book of RM2.4 billion will sustain the group for the next three years while the property division is expected to start contributing to the group's earnings next year. Speaking

  • EPF: Rise in approvals for flexible withdrawals in Q2

    September 4, 2018 12:34 PM 14

    PETALING JAYA: The Employees Provident Fund (EPF) reported that 40% more contributors reaching the age of 55 and 60 in the second quarter of 2018, opted to retain part of their savings with EPF to earn dividends. There was a 48.65% increase to 67,969 (RM2.92 billion) approved applications for “Age 55 Flexible Withdrawal” in the second quarter, compared

  • Bursa Malaysia lower at opening

    September 4, 2018 1:54 AM 15

    KUALA LUMPUR: Bursa Malaysia began the morning trading on a weaker note, with external uncertainties like worries over a further escalation of the trade war and currency volatility, possibly weighing on sentiment in the near-term. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.01 points lower at 1,811.57 from yesterday's close of 1,813.58. Gainers

  • Vertice joint-venture company wins RM815m contract in related party deal

    September 3, 2018 3:09 PM 10

    PETALING JAYA: Vertice Bhd's 50:50 joint venture (JV) company with Vizione Holdings Bhd, Buildmarque Construction Sdn Bhd was awarded an RM815 million contract by Consortium Zenith Construction Sdn Bhd to undertake construction works for Package 2 of the Penang Mega Infrastructure Project. The award is for the construction of a 5.7km by-pass from Bandar

  • BNM seen holding key rate

    September 3, 2018 1:28 PM 6

    KUALA LUMPUR: Bank Negara Malaysia (BNM) is expected to keep its benchmark interest rate unchanged at a meeting tomorrow, as it keeps tabs on how far the United States and China will take their ongoing trade war. All 11 economists polled by Reuters see BNM holding its overnight policy rate at 3.25%. Malaysia has raised its policy rate once this year – by 25 basis

  • Lotte Chemical's PP3 project commences operations

    September 3, 2018 5:19 AM 6

    PETALING JAYA: Lotte Chemical Titan Holding Bhd's new polypropylene production plant (PP3 project) successfully commenced commercial operations on September 1. "The PP3 project began construction in March 2017 and its mechanical completion was achieved in June 2018," the petrochemical firm said in a filing with the stock exchange. The PP3 plant will produce

  • Prasarana's new president is DRB-Hicom Bhd’s Datuk Mohamed Hazlan Mohamed Hussain

    September 3, 2018 5:03 AM 6

    PETALING JAYA: DRB-Hicom Bhd’s group director of organisational support Datuk Mohamed Hazlan Mohamed Hussain is the new president and group CEO of Prasarana Malaysia Bhd. He will succeed Masnizam Hisham whose tenure ended on September 2, after a eight month stint. Prior to his appointment, Mohamed Hazlan served as head of several departments in DRB-Hicom

  • RHB grows Q2 net profit by 12.2% on higher net interest income and lower credit losses

    August 30, 2018 6:58 AM 9

    PETALING JAYA: RHB Bank Bhd grew second quarter ended June 30, 2018 net profit by 12.2%, on higher net interest income, income from Islamic banking business and significantly lower credit losses. Lower credit losses was mainly due to a RM19.0 million charge for equity instruments designated at fair value through other comprehensive income for the quarter