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  • Gas Malaysia unchanged following tariff revision

    June 14, 2018 2:37 AM 7

    PETALING JAYA: Gas Malaysia Bhd's share price remained unchanged this morning after it announced a higher average effective natural gas tariff for the non-power sector in Peninsular Malaysia at RM32.69/MMBtu from July 1 to Dec 31, 2018, 17 sen or 0.5% higher than the RM32.52/MMBtu from Jan 1 to June 30, 2018. At 10.26am, Gas Malaysia was trading at RM2.94 with 77,600 shares

  • Poh Kong share price down 3.85% after posting lower Q3 earnings

    June 13, 2018 3:30 AM 9

    PETALING JAYA: Poh Kong Holdings Bhd's share price fell 3.85% this morning after its net profit for the third quarter ended April 30, 2018 fell 41.8% to RM4.31 million from RM7.40 million a year ago, as the fluctuation of gold prices affected the group’s operating profits. Revenue, however, increased 17.2% to RM240.44 million compared with RM205.23 million

  • BAuto share price up on strong Q4 earnings

    June 13, 2018 3:27 AM 11

    PETALING JAYA: Bermaz Auto Bhd's (BAuto) share price rose 2.15% this morning after its net profit for the fourth quarter ended April 30, 2018 more than doubled to RM57.19 million from RM22.21 million a year ago, largely due to higher revenue recorded by the domestic operations, improvement in gross profit margin as a result of the strengthening of the ringgit

  • Sapura Energy top active stock, up 5.51%

    June 12, 2018 2:27 AM 7

    PETALING JAYA: Sapura Energy Bhd's share price rose 5.51% at early trade this morning after it made its ninth gas discovery offshore Sarawak, following the completion of its 2017 drilling campaign within the SK408 production sharing contract (PSC). At 10.19am, Sapura Energy was the top active stock on the local bourse, trading at 67 sen with 219.23 million

  • French farmers block access to 13 refineries in palm oil biofuels protest

    June 11, 2018 12:48 PM 7

    PARIS: Dozens of French farmers blocked access to 13 refineries across the country today to protest against plans to import palm oil for use in biofuels, a move they denounce as unfair competition which jeopardises their livelihood. Energy giant Total wants to import up to 300,000 tons a year of palm oil, which environmental advocates say has caused

  • Foreign selling on Bursa below RM1b last week

    June 11, 2018 12:25 PM 7

    PETALING JAYA: The net amount offloaded by foreign investors last week went below the RM1 billion level to RM903.1 million net against RM1.27 billion in the prior week. “International investors continued to reduce their exposure in stocks listed on Bursa for the sixth consecutive week but at a tapered pace,” MIDF Research said in its weekly fund flow report

  • IPI up 4.6% in April 2018

    June 11, 2018 4:07 AM 5

    PETALING JAYA: The Industrial Production Index (IPI) increased by 4.6% in April 2018 as compared with the same month of the previous year, supported by the increase in all indices manufacturing (5.3%), mining (1.8%) and electricity (5.8%), according to the Statistics Department. The manufacturing sector output rose by 5.3% in April 2018 after recording

  • Manufacturing sector posts RM65.5b sales in April 2018

    June 11, 2018 4:01 AM 6

    PETALING JAYA: Malaysia’s April manufacturing sales recorded a growth of 8.2% to RM65.5 billion compared with RM60.5 billion reported a year ago, according to the Statistics Department. The significant increase in sales value in April was due to the increase in electrical and electronics products (13.9%), petroleum, chemical, rubber and plastic products

  • Malaysia Rail Link: ECRL deal has no clause for Jho Low-linked companies

    June 10, 2018 12:51 PM 6

    PETALING JAYA: Malaysia Rail Link Sdn Bhd, the project and asset owner of the East Coast Rail Link (ECRL), has denied that contracts it signed with Chinese contractor China Communications Construction Co Ltd (CCCC) and the Export-Import Bank of China came with a clause to nominate an unrelated company to buy 70% of Putrajaya Perdana Bhd for US$244 million

  • Bursa Malaysia's downtrend likely to continue next week

    June 9, 2018 3:14 AM 11

    KUALA LUMPUR: Bursa Malaysia will likely continue its downtrend next week on gloomy investor sentiment, as well as profit-taking ahead of the Hari Raya holiday, said analysts. An analyst told Bernama that the macro factors expected to affect the FTSE Bursa Malaysia KLCI next week, includes the Group of Seven(G7) meeting as investors search for clues