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  • MAHB rises 3.75% despite lower passenger traffic growth forecast for 2018

    January 8, 2018 4:01 AM 10

    PETALING JAYA: Shares of Malaysia Airports Holdings Bhd (MAHB) gained 33 sen or 3.75% despite seeing a slower passenger traffic growth this year. At 11.40am, the stock stood at RM9.13 on some 1.53 million shares done. It has a market capitalisation of RM15.13 billion. MAHB managing director Datuk Badlisham Ghazali said at a media briefing last Friday

  • Iraq to export Kirkuk oil to Iran before end-Jan, says Iraqi oil minister

    January 7, 2018 10:46 AM 10

    Trucking crude to Iran comes under a swap agreement. — Reuters picBAGHDAD, Jan 7 — Iraq will start exporting oil from the northern Kirkuk fields to Iran before the end of January, Iraqi Oil Minister Jabar al-Luaibi told reporters on Sunday in Baghdad. About 30,000 barrels per day of crude will be trucked to Iran's Kermanshah refinery in the first instance

  • US gains 148,000 jobs in December, unemployment still 4.1pc

    January 5, 2018 2:30 PM 10

    Job creation in the final three months of the year averaged 204,000, the Labour Department said. — Reuters picWASHINGTON, Jan 5 — The US economy’s job creation ability disappointed in December, despite solid hiring in manufacturing and construction, according to government data reported today. While the unemployment rate held steady at the 17-year low of 4.1 per cent, employers

  • Malaysian ringgit firms to over 16 month-high as oil prices rally

    January 5, 2018 1:44 AM 9

    The ringgit advanced about 0.2 per cent to 3.998 to the dollar, breaking the psychologically significant 4 level. — Reuters picKUALA LUMPUR, Jan 5 — The Malaysian ringgit strengthened today to its highest level against the US dollar since August 2016, boosted by higher oil prices. The ringgit advanced about 0.2 per cent to 3.998 to the dollar, breaking

  • Qatar allows full ownership for foreign investors

    January 4, 2018 11:23 AM 9

    Overseas investors will be able to fully own businesses in almost all economic sectors but they are not allowed to purchase real estate or own franchises. — AFP picDOHA, Jan 4 — Qatar has approved legislation allowing 100-per cent ownership for foreign investors in most sectors of the economy in a bid to boost non-energy revenues, the government said today

  • World’s most-valuable airport operator is now in Thailand

    January 4, 2018 7:49 AM 9

    The operator of Thailand’s main international airports passed the 1 trillion baht market capitalisation mark. — Reuters picBANGKOK, Jan 4 — After strong international tourist arrivals in 2017, Airports of Thailand Pcl surpassed Spain’s Aena SA as the world’s most-valuable airport services company. Powered by a 75 per cent gain since May 1, the operator

  • LBS Bina sets higher sales of RM1.8 billion for 2018

    January 4, 2018 5:49 AM 8

    PETALING JAYA: LBS Bina Group Bhd has raised the bar for its sales target for 2018 to RM1.8 billion despite failing to meet its RM1.5 billion target last year. The property developer only managed to rake in RM1.4 billion in sales for 2017. LBS managing director Tan Sri Lim Hock San told reporters at a media briefing held earlier today that the group

  • CIMB: Malaysia’s economy to grow further, driven by strong fundamentals

    January 4, 2018 3:43 AM 11

    CIMB Group CEO Tengku Datuk Sri Zafrul Aziz speaks during CIMB’s 10th Annual Malaysia Corporate Day in Kuala Lumpur January 4, 2018. — Picture by Yusof Mat IsaKUALA LUMPUR, Jan 4 ― Malaysia’s economy is expected to grow further this year driven by strong economic fundamentals, said CIMB Group Holdings Bhd Group Chief Executive, Tengku Datuk Seri Zafrul

  • Report: Britain possibly in talks to join TPP (VIDEO)

    January 4, 2018 3:25 AM 9

    KUALA LUMPUR, Jan 4 ― UK’s Department for International Trade is believed to be working on proposals to enter the troubled Trans-Pacific Partnership, said MIDF Research quoting The Guardian. Britain is said to be eyeing entry into the Trans-Pacific trade group to support its exports once the country leaves the European Union, and has reportedly held informal

  • CIMB expects jumbo IPOs to raise RM10b in first half of 2018

    January 4, 2018 3:08 AM 5

    KUALA LUMPUR: Large initial public offerings (IPO) are expected to raise over RM10 billion in the first half of this year, said CIMB Investment Bank Bhd managing director and head of ECM and Syndicate Asia, Derek Lim. Lim said the hives of activity for IPOs in 2018 are in the infrastructure, consumer and financial services sectors. “ACE Market, small