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  • Strong growth in November manufacturing sector sales

    January 11, 2018 3:31 PM 10

    KUALA LUMPUR: Malaysia’s November manufacturing sales continued to record a strong growth of 10.9%, rising to RM66.6 billion compared with RM60.1 billion reported a year ago. Year on year, the significant increase in sales value in November 2017 was due to increases in electrical and electronic products (8.8%), petroleum, chemical, rubber and plastic

  • Uzma bags two contracts from Petronas Carigali

    January 11, 2018 11:00 AM 10

    PETALING JAYA: Uzma Bhd’s wholly owned subsidiary Uzma Engineering Sdn Bhd was awarded two contracts by Petronas Carigali for an undisclosed contract sum. Uzma’s board of directors said in a Bursa Malaysia filing, it received a letter of award from Petronas on December 28, 2017 for the provision of 340K and 460K Hydraulic Workover Unit for a period of three

  • Positive ringgit backed by robust economic growth, says minister

    January 11, 2018 7:24 AM 10

    Datuk Seri Johari Abdul Ghani says the ringgit is also supported by Malaysia’s strong exports. — Picture by Yusof Mat IsaKUALA LUMPUR, Jan 11 — The ringgit’s current upward momentum against major currencies is backed by the country’s robust domestic economy and healthy trade performance, underpinned by the recovery in global oil prices. Second Finance

  • RAM survey suggests more jobs on offer as business confidence rises

    January 11, 2018 6:44 AM 8

    RAM Holding Bhd group CEO Datuk Seri K. Govindan speaks during a press conference in Kuala Lumpur January 11, 2018. — Picture by Yusof Mat IsaKUALA LUMPUR, Jan 11 — Malaysian corporations and small-medium enterprises (SMEs) are likely to increase their hiring activity this year, RAM Holdings Bhd Group said today. Its chief executive Datuk Seri Dr K. Govindan

  • Putin says Russia to raise minimum wage from May 1

    January 11, 2018 6:13 AM 9

    Russian President Vladimir Putin attends the first meeting of his campaign office for the upcoming presidential election in Moscow January 10, 2018. — Sputnik/Alexei Druzhinin/Kremlin pic via ReutersTVER, Jan 11 — Russia will raise its minimum wage from May 1 this year, President Vladimir Putin, who is running for re-election in March, said yesterday

  • LPI Capital posts better Q4 results

    January 10, 2018 12:15 PM 11

    PETALING JAYA: LPI Capital Bhd’s net profit in the fourth quarter ended Dec 31, 2017 (Q4’FY17) increased 1.9% to RM83 million, from RM81.45 million in the previous corresponding quarter, mainly contributed by profit from the general insurance segment, which rose 4.3% to RM110.4 million.Revenue was up 2.2% to RM363.5 million compared with RM355.6 million

  • MYEG unit gets Bank Negara nod to issue e-money

    January 10, 2018 11:47 AM 8

    KUALA LUMPUR, January 10 — Bank Negara Malaysia (BNM) has allowed MY E.G. Services Bhd’s (MYEG) unit, MY E.G. Alternative Payment Services Sdn Bhd (MYEG Alternative), to issue electronic money via iPayEasy e-wallet with a limit of RM1,500 per customer. In a filing to Bursa Malaysia today, MYEG said, its unit has received a letter of approval from BNM. It said MYEG Alternative

  • Bursa closes lower on profit-taking

    January 10, 2018 10:11 AM 10

    KUALA LUMPUR, January 10 — Bursa Malaysia closed lower for the second consecutive day today as it continued to take a breather from the recent rally, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI ended at 1,822.92, down 4.03 points from yesterday’s close of 1,826.95, after opening 1.95 points better at 1,828.9. The market barometer moved

  • AirAsia CEO says India unit explores IPO

    January 10, 2018 3:27 AM 10

    AirAsia Group CEO Tan Sri Tony Fernandes speaks during a news conference at AirAsia headquarters in Sepang, Malaysia December 13, 2017. — Reuters pic KUALA LUMPUR, Jan 10 — Malaysia-based carrier AirAsia Bhd’s India unit is looking at a potential initial public offering, the group’s chief executive, Tan Sri Tony Fernandes, said this morning. The company

  • MOL launches mobile wallet app One2pay

    January 10, 2018 3:20 AM 4

    KUALA LUMPUR: MOL AccessPortal Sdn Bhd, a wholly owned subsidiary of MOL Global Inc, today launched its mobile wallet app called ‘One2pay’ and aims to expand One2pay acceptance touchpoints to more than 6,000 within a year. One of the key convenience factors of One2pay is barcode/QR code payment. Merchants only need to scan the One2pay user’s unique barcode/QR