Receive up-to-the-minute news updates on the hottest topics with NewsHub. Install now.

Business

All category news

  • T7 Global up 1.12% on O&G services deal

    August 6, 2018 3:06 AM 6

    PETALING JAYA: T7 Global Bhd's share price rose 1.12% this morning after it entered into an agreement with DIV Diving Engineering Company Ltd and Cornerstone Offshore Pte Ltd to undertake the business of underwater, subsea engineering and services for oil and gas industry in Malaysia. At 10.57am, T7 was trading at 45 sen with 1.53 million shares changing

  • F&N shares up on improved earnings

    August 3, 2018 4:17 AM 6

    PETALING JAYA: The shares of Fraser & Neave Holdings Bhd (F&N) rose 8 sen this morning after the company reported a 51% jump in net profit for the third quarter ended June 30, 2018. At midday, its share price was 0.21% or 8 sen higher at RM37.48 with 135,700 shares traded. Yesterday, F&N told Bursa Malaysia that its net profit for the quarter improved

  • Unisem’s shares drop 3.09% on lower Q2 earnings

    August 3, 2018 3:32 AM 4

    PETALING JAYA: Unisem (M) Bhd's share price continued to fall by 8 sen or 3.09% this morning, after reporting a lower net profit for the second quarter (Q2) ended June 30, 2018. As at 11.10am, the stock stood at RM2.51 with 962,200 shares changing hands. In Q2, Unisem's net profit fell 26% to RM31.14 million compared with the RM42.09 million achieved

  • SC issues cease order to Lendingstar

    August 2, 2018 4:42 AM 6

    PETALING JAYA: Lendingstar Malaysia Sdn Bhd has been directed by the Securities Commission Malaysia (SC) to cease all its activities with immediate effect. In a statement today, SC said the directive was issued on July 23 after an inquiry found that Lendingstar is not registered to operate a recognised market and is providing auto invest facilities without

  • AirAsia bullish on Indonesian market

    August 2, 2018 4:14 AM 12

    JAKARTA: Malaysian low-cost carrier AirAsia, which will start flights to Silangit Airport, Indonesia, the main gateway to Lake Toba from Oct 28, is looking to increase its services in Indonesia, a market in which it sees huge potential. Speaking at a press conference in conjunction with the official launch of the new route today, AirAsia Group CEO Tan Sri Tony Fernandes

  • Exports to pick up in June, says RAM

    August 1, 2018 1:14 PM 6

    PETALING JAYA: Malaysia’s export growth is expected to pick up to 8.7% in June from 3.4% in May on the back of steady demand from key export markets, while trade surplus is projected to stand at RM11.1 billion said RAM Ratings. The increase is expected despite the slowdown envisaged due to the Hari Raya festive season – thanks to the continued improvement

  • Four new captives for Labuan IBFC

    August 1, 2018 1:11 PM 6

    KUALA LUMPUR: Labuan International Business and Financial Centre (Labuan IBFC) envisages a positive trend in the take-up of captive insurance following four approvals in the first half of the year. The midshore centre is also one of the financial centres in the Asian region to approve the most captive entities last year. To date, there are a total of 47 captives

  • Local companies urged to use CCIC to access China market

    August 1, 2018 12:53 PM 6

    KUALA LUMPUR: Malaysian companies are urged to utilise the China Certification and Inspection (CCIC) Traceability System to ease market access into China. Deputy International Trade and Industry Minister Dr Ong Kian Ming said this traceability system is a service which provides support for complete supply chain traceability information, from production

  • Datasonic to pursue amicable settlement with Fima Corp

    August 1, 2018 12:51 PM 5

    PETALING JAYA: Datasonic Group Bhd said it will pursue an amicable settlement with Fima Corp Bhd’s Percetakan Keselamatan Nasional Sdn Bhd (PKN) with regards to a RM24.98 million suit for unpaid dues filed by PKN. The group told the stock exchange that its unit Datasonic Technologies Sdn Bhd (DTSB) will leave it to the court to determine the fair price

  • APFT has five months to submit regularisation plan

    August 1, 2018 12:48 PM 6

    PETALING JAYA: APFT Bhd today said there has been no material development on its regularisation exercise and that it has five months to submit its regularisation plan to the relevant authorities for approval. Last week, a shareholder of APFT sought an injunction order to restrain the company from holding its AGM. The application was struck out with no liberty