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  • Econpile rises 6.1% on RM20.5m construction job award

    June 4, 2018 3:22 AM 5

    PETALING JAYA: Econpile Holdings Bhd's share price soared as much as 6.1% in early trade after it bagged a RM20.5 million construction contract. At 11am, the stock was up 2.5 sen or 4.4% to 59.5 sen on some 3.15 million shares done. The 18-month contract is for the piling and substructure works for the development of a 41-storey serviced apartment (Block

  • UEM Edgenta bags two contracts worth RM60.75m from UEM Group unit

    June 1, 2018 11:27 AM 3

    PETALING JAYA: UEM Edgenta Bhd's wholly owned subsidiary Opus International (M) Bhd has bagged two contracts worth of RM60.75 million from Borneo Highway PDP Sdn Bhd (BHP), a unit of UEM Group Bhd via related party transactions. UEM Edgenta told Bursa Malaysia that Opus had entered into contracts with regards to the Pan Borneo Highway project in Sabah

  • India's Fortis board says to consider offers from four bidders

    June 1, 2018 10:19 AM 5

    BENGALURU: India's Fortis Healthcare said on Friday its board had decided to consider offers from four parties in a fresh round of bidding for the hospitals operator, following a fierce takeover battle involving five suitors. The board will evaluate bids from Hero-Burman group, a consortium of Manipal Health Enterprises and the private equity firm TPG, Malaysia's

  • Econpile awarded RM20.5m KL Gateway job

    June 1, 2018 10:02 AM 4

    PETALING JAYA: Econpile Holdings Bhd has been awarded a RM20.5 million contract from KL Gateway Sdn Bhd to undertake piling and substructure works for the development of a 41-storey serviced apartment (Block H) KL Gateway (Phase 2) located at Off Jalan Kerinchi, Kuala Lumpur. The contract comprises site clearance, contiguous bored piles, foundation bored

  • Sumatec Resources back in the black in first quarter

    May 31, 2018 12:38 PM 3

    PETALING JAYA: Sumatec Resources Bhd posted a net profit of RM457,000 for the first quarter ended March 31, 2018 compared with a net loss of RM743,000 a year ago thanks to revenue derived from consultation contract billing. Revenue, however, was 64% lower to RM1.49 million compared with RM4.17 million in the previous year’s corresponding quarter

  • Malaysia will meet budget deficit 2.8% with rationalised expenditure and optimised revenue

    May 31, 2018 8:50 AM 5

    PUTRAJAYA: Malaysia will meet its projected budget deficit of 2.8% this year with a rationalised expenditure and optimised revenue, said Finance Minister Lim Guan Eng. "As part of the reallocation of expenditure priorities, the new federal government will review, defer and renegotiate at least RM10 billion worth of identified high-priced projects," he told reporters

  • CIMB up 0.85% this morning

    May 31, 2018 2:39 AM 5

    PETALING JAYA: CIMB Group Holdings Bhd's share price rose 0.85% in early trade today after reporting a 10.6% jump in its net profit to RM1.31 billion for the first quarter ended March 31, 2018 against RM1.18 billion in the previous corresponding period, driven by lower operating expenses and a decline in loan loss provisions. However, revenue for the quarter

  • AirAsia says charges against Indian unit ‘trumped up’ as shares tumble

    May 30, 2018 1:30 PM 7

    PETALING JAYA: AirAsia Group Bhd, which saw its share price fall as much as 10% on news of investigations into its Indian unit, completely denies all accusations and contentions, calling the “trumped up” accusations baseless and motivated by considerations that as yet remain unknown. The group’s share price closed 23 sen or almost 7% to RM3.08 today

  • KLCI falls 2.37% this morning, ringgit weakens to 3.9948

    May 30, 2018 3:01 AM 7

    PETALING JAYA: The local bourse tumbled as much as 42.08 points or 2.37% this morning, in line with regional market sell-off amid political crisis in Italy. At 10.45am, the KLCI was trading at 1,733.76 points, with losers outpacing gainers 768 to 107. The construction index saw the sharpest decline of 8.52 points or 3.79% to 216.04 points. The top losers

  • Pos Malaysia's Q4 profit nearly triples to RM29m on higher contribution from courier biz

    May 28, 2018 11:17 AM 13

    PETALING JAYA: Pos Malaysia Bhd's net profit for the fourth quarter ended March 31, 2018 almost tripled to RM29.03 million from RM9.89 million a year ago, mainly due to higher contribution from the courier business coupled with improved cost management. Against the same quarter the previous year, its revenue increased 3% to RM653.08 million from RM653.55 million