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  • Fernandes: Robust economy spurred AirAsia to hit record numbers

    April 20, 2018 12:25 PM 8

    File picture of AirAsia Group CEO Tan Sri Tony Fernandes delivering a speech at the launch of the company’s new headquarters in Sepang March 1, 2018. ― Picture by Yusof Mat IsaKUALA LUMPUR, April 20 ― Malaysia’s robust economy has helped low-cost carrier AirAsia hit record numbers, its Group Chief Executive Officer, Tan Sri Tony Fernandes said. “Economy

  • Destini's share price rise 3.37% after clinching Defence Ministry deal

    April 20, 2018 4:10 AM 7

    PETALING JAYA: Destini Bhd’s share price rose 3.37% this morning after it was awarded a RM138 million contract by the Defence Ministry. At 11.36am, its share price was 3.37% or 1.5 sen higher at 46 sen with 3 million shares traded. The stock closed unchanged yesterday at 44.5 sen with a total of 1.3 million shares traded. Under the contract, Destini

  • Report: March vehicle sales up 23.2pc

    April 20, 2018 1:53 AM 8

    The longer working month of March likely contributed to the positive numbers as companies rush to send cars out to close books. — Bernama picKUALA LUMPUR, April 20 ― Vehicle sales in March rose 23.2 per cent from the previous month to 49,985 vehicles registered, according to figures released by the Malaysian Automotive Association. March 2018 sales were also seven

  • Maxis earnings up 4.2% to RM523m in first quarter

    April 19, 2018 1:13 PM 9

    PETALING JAYA: Maxis Bhd saw its net profit rise 4.18% to RM523 million in the first quarter ended March 31, from RM502 million in the previous corresponding quarter. Revenue for the quarter declined 5.8% to RM2.2 billion, compared with RM2.4 billion in the same period last year. “We delivered a steady quarter with solid earnings before interest, tax, depreciation

  • Nestle Malaysia pays RM7.2m interest for intra-group loan

    April 19, 2018 1:12 PM 9

    In a filing to Bursa Malaysia, Nestlé said, its wholly-owned unit, Nestle Manufacturing (M) Sdn Bhd, had obtained an IGL of US$68 millon (RM264 million) from NTC-MEA for general corporate purposes. — Reuters picKUALA LUMPUR, April 19 ― The interest charges paid for intra-group loan (IGL) from Nestle Treasury Centre-Middle East and Africa Ltd (NTC-MEA)

  • Firmer oil price helps push Bursa Malaysia to close at all-time high

    April 19, 2018 12:18 PM 9

    A view of the bursa stock market exchange board in RHB Investment Bank in Kuala Lumpur February 6, 2018. — Picture Ahmad ZamzahuriKUALA LUMPUR, April 19 — The international benchmark Brent crude oil price, which rallied to as high as US$74.44 (RM289) a barrel today, helped give Bursa Malaysia a boost to enable the FBM KLCI to close at an all-time high of 1,895.18, up 15.86 points

  • China Mobile International to widen its reach in enterprise segment

    April 19, 2018 4:30 AM 6

    PETALING JAYA: China Mobile International Malaysia Sdn Bhd (CMI Malaysia) which has been providing telecommunication related connectivity services to telco carriers, is looking to grow contributions and expand its reach in the enterprise segment of its Malaysian operations. The group, which has had a footing in Malaysia for over a period of two years

  • T7 Global down despite securing new contracts

    April 19, 2018 3:30 AM 9

    PETALING JAYA: T7 Global Bhd's share price dropped one sen or 1.92% this morning, despite securing three new contracts with a total value of RM63 million. At 11.07am, the stock, which was among the top active counters, stood at 51 sen. Its market capitalisation stood at RM216 million. Yesterday, the group said the first contract was from Murphy Sarawak

  • T7 Global clinches three contracts worth RM63m

    April 18, 2018 5:38 AM 9

    PETALING JAYA: T7 Global Bhd has bagged three contracts with a total value of RM63 million. The offshore oilfield services provider told Bursa Malaysia that its subsidiary Wenmax Sdn Bhd had on January 15 received a letter of award from Murphy Sarawak Oil Co Ltd for the provision of maintenance services, spare parts and consumables for Gastec nitrogen

  • March CPI rises 1.3%

    April 18, 2018 4:15 AM 7

    PETALING JAYA: Malaysia's consumer price index (CPI) increased by 1.3% in March 2018 as compared to the same month last year, according to Department of Statistics. CPI for the first three months period increased by 1.8% compared with the same period last year. Among the major groups which recorded increases were the indices for food and non-alcoholic