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  • AirAsia X won’t buy ‘too expensive’ Airbus A350, says co-group CEO

    April 16, 2018 8:49 AM 11

    The Airbus A350 XWB flight-test aircraft is seen during a media day event at Guarulhos airport in Sao Paulo August 7, 2014. ―Reuters picSINGAPORE, April 16 — Malaysia’s AirAsia X Bhd has no plans to buy the Airbus SE A350 widebody jet, the airline’s co-group CEO said today, despite the airline having 10 of them on order. “The A350 is not an aircraft

  • UK supermarket misleads consumers, says Indonesia-Malaysia palm council

    April 16, 2018 7:48 AM 10

    A demand boom for widely-used palm oil has led to palm plantations spread across 18 million hectares in Indonesia and Malaysia. — Reuters picJAKARTA, April 16 ― The Council of Palm Oil Producing Countries (CPOPC), a palm oil board led by Indonesia and Malaysia, said British supermarket chain Iceland's decision to remove palm oil from its own-brand food products

  • MWE shares rise on decision to present proposed scheme to shareholders

    April 16, 2018 4:00 AM 9

    PETALING JAYA: MWE Holdings Bhd shares were higher this morning after the group decided to present its proposal for a selective capital reduction and repayment exercise (SCR) to its shareholders. At 11.24am, its share price rose 0.61% or 1 sen to RM1.66 with 278,500 shares traded. Last Friday, the stock slipped 0.6% or 1 sen to close at RM1.65 with 113,200 shares

  • Datasonic shares jump 5.82% on new contract

    April 16, 2018 3:12 AM 9

    PETALING JAYA: Datasonic Group Bhd's share price continued to rise by 5.5 sen or 5.82% this morning, after it bagged a RM270.7 million contract from the Home Affairs Ministry last Friday. As at 10.38am, the stock stood at RM1 with 3.92 million shares changing hands, bringing its market capitalisation to RM1.3 billion. The 46-month contract is for the supply

  • Datasonic gets RM270.71m contract from Home Affairs Ministry

    April 13, 2018 11:40 AM 8

    PETALING JAYA: Datasonic Group Bhd has received the letter of award (LoA) from the Home Affairs Ministry for the supply of 9.96 million polycarbonate biodata pages to the Immigration Department of Malaysia with a contract value of RM270.71 million. The contract is for a period of 46 months commencing from February 1, 2018 to November 30, 2021. Datasonic

  • Your anti-palm oil policy is ‘colonialism’, Malaysian group tells UK supermarket chain

    April 13, 2018 11:21 AM 10

    A worker collects palm oil fruit after harvesting at a plantation in Kampung Bukit Hijau, Kuala Selangor March 14, 2018. — Picture by Mukhriz HazimKUALA LUMPUR, April 13 — British supermarket chain Iceland should be “ashamed” of its anti-palm oil policy which will deprive thousands of poor farmers in Asia, Africa and Latin America of much-needed income

  • Tropicana Corp sells Subang land to MCT for RM143m

    April 13, 2018 9:54 AM 8

    PETALING JAYA: Tropicana Corp Bhd is disposing of 9.12 acres of land in Country Height, Subang Jaya to MCT Bhd for RM143 million. Tropicana said in a filing with the stock exchange that its wholly owned subsidiary Tropicana Metropark Sdn Bhd had on April 13 entered into a sale and purchase agreement with MCT's wholly owned subsidiary Next Delta Sdn Bhd for the disposal

  • Vizione bags RM137.13m road job

    April 13, 2018 6:25 AM 6

    PETALING JAYA: Vizione Holdings Bhd has clinched a RM137.13 million contract for the upgrade of the federal road 12 from Gambang, Pahang to Segamat, Johor. The company told Bursa Malaysia that its wholly owned subsidiary Wira Syukur (M) Sdn Bhd had on April 13 accepted the letter of award from Vertice Construction Sdn Bhd. The contract is to supply material

  • Astro to pay RM87.2 million cash for more transponder capacity

    April 13, 2018 5:27 AM 8

    KUALA LUMPUR, April 13 — Astro Malaysia Holdings Bhd will pay US$22.5 million (RM87.2 million) of cash to Measat Global Bhd for the usage of transponder capacity on Measat-3b (M3b) satellite, The Star reported. The satellite pay-TV service provider said its unit, Measat Broadcast Network Systems Sdn Bhd (MBNS) had entered into an agreement with Measat

  • Rex Industry rise 2.04% after it drops plans for rights, bonus issues

    April 13, 2018 4:14 AM 7

    PETALING JAYA: Rex Industry Bhd's share price up one sen or 2.04% this morning, after it called off its plans for a two-for-nine rights issue together with a three-for-four bonus issue after taking into consideration the current market condition. At 11.31am, the stock stood at 50 sen with 130,000 shares changing hands. The canned food and drink manufacturer