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  • Three MoUs on palm oil and rubber to be signed in China

    August 17, 2018 8:50 AM 26

    PETALING JAYA: Three agreements on palm oil and rubber will be signed during a trade mission to promote Malaysia’s palm oil, rubber and timber in China, said the Primary Industries Ministry. The first memorandum of understanding (MoU) between the Malaysian Palm Oil Board and Tsinghua University is on promotion of Malaysian biofuel in the republic while

  • AWC bags RM9.8m contract extension

    August 17, 2018 6:50 AM 22

    PETALING JAYA: AWC Bhd's wholly owned subsidiary Ambang Wira Sdn Bhd has received extension of contracts worth RM9.80 million. The deal is for the extension of comprehensive management, maintenance and operational services for a commercial office building at Galeria PJH, Putrajaya as well as the International Trade and Industry Ministry (Miti) headquarters

  • 14 tender packages for food & beverage outlets at KLIA issued

    August 16, 2018 12:37 PM 36

    PETALING JAYA: Malaysia Airports Holdings Bhd (MAHB) has issued 14 tender packages for retail as well as food and beverage (F&B) outlets at Kuala Lumpur International Airport (KLIA). The packages comprising 22 lots in total and are divided into two groups; package deal category and standard category, it said in a statement. Under the package deal, MAHB said bidders

  • Indonesian ban on poultry from Malaysia has no impact on exporters

    August 16, 2018 2:48 AM 47

    PETALING JAYA: Indonesia's ban on the import of fresh poultry and unprocessed products from Malaysia shipped after Aug 9 will not have any impact on Malaysian exporters, as they have not been in the market for more than a year now. According to an industry player who declined to be named, a ban on Malaysian poultry has actually been in effect since the H5N1 avian

  • Public Bank posts 4.8% jump in Q2 net profit, declares 32 sen dividend

    August 15, 2018 2:51 PM 31

    PETALING JAYA: Public Bank Bhd's net profit for the second quarter ended June 30, 2018 rose 4.8% to RM1.40 billion from RM1.33 billion a year ago due mainly to higher net interest income, higher income from Islamic banking business, lower loan impairment allowance and higher net fee and commission income. Revenue jumped 5.2% to RM5.44 billion compared

  • Mudajaya: RM119m job to build office tower terminated

    August 15, 2018 2:51 PM 118

    Mudajaya Corp received the notice on the termination, which took effect on Monday, from KLIA Consortium on Tuesday. KLIA Associates Sdn Bhd and KLIA Consultancy Services Sdn Bhd, which formed KLIA Consortium, were appointed by Malaysian Rubber Board (MRB) as the project delivery partner (PDP), and Mudajaya Corp was appointed by KLIA Consortium as the work package

  • KK Supermart saw 10-15% sales increment during tax holiday

    August 15, 2018 6:59 AM 21

    KUALA LUMPUR: KK Supermart & Superstore Sdn Bhd, which enjoyed 10%-15% sales increment during the tax holiday period, is on track to achieve its sales target for the year, said its founder and executive chairman Datuk Seri Dr KK Chai. "This month, sales will increase over the next two weeks. Once SST (Sales and Services Tax) comes in, market sentiment

  • Toll concessionaires’ shares rise

    August 14, 2018 1:53 PM 123

    PETALING JAYA: The shares of most toll concessionaires rose today after the government decided to postpone the abolishment of tolls. Among the nine toll concessionaires listed on Bursa Malaysia, Lingkaran Trans Kota Holdings Bhd (Litrak) was the top gainer, rising 2.85% or 13 sen to close at RM4.69 with 704,700 shares traded today. The company, which

  • Lazada, Shopee, 11Street top e-commerce ranking

    August 14, 2018 1:04 PM 25

    PETALING JAYA: Lazada, Shopee and 11Street have been ranked the top three companies in terms of the most visited website in Malaysia in the second quarter (Q2) of 2018, according to iPrice Group’s Map of E-Commerce (MoE) list. Based in KL, iPrice Group is a privately owned online shopping aggregator. According to its portal, the MoE ranks Malaysia’s

  • Malaysia's GDP to contract by 1.3% if tariff slapping escalates

    August 14, 2018 5:28 AM 19

    KUALA LUMPUR: Malaysia's gross domestic product (GDP) could contract by 1.3% in two years, should the trade war between the US and China intensify. CIMB Group chief economist Dr Donald Hanna said the contraction on Malaysia's economic growth is possible in the event of continuous escalation of tariff imposition and a confidence shock in the financial