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  • Versatile Creative's MD and group CFO dismissed

    August 21, 2018 12:01 PM 11

    PETALING JAYA: Versatile Creative Bhd has dismissed its managing director Datuk Wong Kong Choong @ Leong Kong Choong and chief financial officer Tan Quok Eow for failing to satisfactorily answer for an unauthorised payment of RM2.3 million. The Board of directors told the stock exchange that the dismissal comes into effect immediately as the two had failed

  • Parlo accepts shares for shortfall in profit

    August 21, 2018 10:56 AM 12

    PETALING JAYA: Parlo Bhd said the shortfall of RM1.26 million guaranteed profit of its wholly-owned unit Parlo Tours Sdn Bhd in the financial year ended Dec 31, 2017 has been fully settled. It told the stock exchange that the shortfall is deemed to be fully settled with the release of 11.5 million profit guarantee settlement shares to the stakeholder

  • Muda Holdings Q2 earnings up

    August 21, 2018 10:46 AM 16

    PETALING JAYA: Muda Holdings Bhd's net profit for the second quarter ended June 30, 2018 net profit jumped more than two fold to RM11.49 million from RM4.13 million a year ago on higher revenue. Its revenue rose 9% to RM353.81 million from RM325.90 million in the preceding year's corresponding quarter. For the six months period, net profit was up 22% to RM27.19 million

  • Kawan Food earnings fall in Q2

    August 21, 2018 9:34 AM 15

    PETALING JAYA: Kawan Food Bhd’s net profit for the second quarter ended June 30,2018 fell 32.40% to RM6.08 million from RM8.99 million a year ago due to lower export turnover, and higher operation and promotion costs. Revenue for the quarter under review fell 4.92% to RM52.38 million from RM55.09 million due to a decrease in turnover from North America

  • Short selling of HSS Engineering and Gabungan AQRS suspended

    August 21, 2018 9:00 AM 13

    PETALING JAYA: Short selling of HSS Engineers Bhd and Gabungan AQRS Bhd have been suspended for the rest of the day following a more than 15 sen or 15% drop from its reference price. Bursa Malaysia said short selling of the two stocks will only be enabled at 8.30 am on Thursday, August 23. Gabungan AQRS' shares fell 16.05% to hit an intraday low of RM1.15 from RM1.37. HSSEB

  • T7 Global returns to the black in Q2

    August 21, 2018 5:40 AM 18

    PETALING JAYA: T7 Global Bhd swung to the black registering a net profit of RM1.62 million against a net loss of RM1.5 million in the previous corresponding period, underpinned by the origins and construction work request contract secured from Petronas. For the first half of the year, T7 Global posted a net profit of RM3.55 million versus a net loss of RM1.24 million

  • Malaysia’s labour productivity grew 3.7% in Q2

    August 21, 2018 4:06 AM 12

    PETALING JAYA: Malaysia's labour productivity rose 3.7% year-on-year in the second quarter of 2018, after registering 4.3% growth in the preceding quarter, according to Department of Statistics Malaysia (DOSM). According to DOSM, the report presents statistics on labour productivity per hour worked and labour productivity per employment by kind of economic

  • TH Plantations' CEO and executive director resigns

    August 20, 2018 11:16 AM 48

    PETALING JAYA: TH Plantations Bhd’s CEO and executive director Datuk Seri Zainal Azwar Zainal Aminuddin who has been on garden leave since August 14 has quit from his post. In a filing with the stock exchange, the group’s board of directors said that he had voluntarily resigned. The board also did not disclose the reason for Zainal's, 60, garden leave

  • Foreign funds turned net sellers last week

    August 20, 2018 6:04 AM 12

    PETALING JAYA: Foreign funds offloaded RM631.4 million net of local equities, wiping out the net inflow of RM458.2 million recorded in the week before, according to MIDF Research. “Offshore investors were already selling a lot on Monday to a tune of RM142.3 million net as the crisis in Turkey rippled across emerging markets including Malaysia. It came to no surprise

  • Pesona Metro JV bags RM218.22m contract

    August 17, 2018 12:10 PM 17

    PETALING JAYA: Pesona Metro Holdings Bhd’s joint venture (JV) with Intrasegi Sdn Bhd has been awarded a contract worth RM218.22 million for the construction of an office in Kuala Lumpur. In a filing with Bursa Malaysia, the group said the contract was awarded to Intrasegi Sdn Bhd-Pesona Metro Sdn Bhd JV by Pembinaan Kery Sdn Bhd, a wholly owned subsidiary