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  • Asdion's share price drops after reporting a 107% deviation in FY18

    August 1, 2018 3:24 AM 4

    PETALING JAYA: Asdion Bhd's share price fell 2% this morning after it reported a deviation of 107.55% between its audited and unaudited net loss for the financial year ended March 31, 2018 (FY18) due to additional impairment charges and charges related to its purchase of a 50% interest in Maxillion Link Enterprises Ltd. At 11.15am, Asdion was trading

  • Customs: SST will affect only 70,000 to 80,000 firms

    July 31, 2018 1:27 PM 5

    KUALA LUMPUR: Only 70,000 to 80,000 businesses are expected to be affected under the new Sales and Services Tax (SST), compared with 472,000 registered under Goods & Services Tax (GST), according to Royal Malaysian Customs Department director-general Datuk Seri Subromaniam Tholasy. Speaking at a press conference after attending a seminar on SST today

  • ‘Fima suit due to disagreement on pricing’

    July 31, 2018 1:25 PM 4

    PETALING JAYA: Datasonic Group Bhd, which is yet to receive notice of Fima Corp Bhd’s suit against it, said the issue was due to a disagreement between unit Datasonic Technologies Sdn Bhd (DTSB) and Percetakan Keselamatan Nasional Sdn Bhd (PKN) on the pricing of the 1.5 million Malaysian passport booklets supplied and should be far less than the claim

  • Asdion reports 107% deviation in FY18 net loss

    July 31, 2018 12:57 PM 4

    PETALING JAYA: Asdion Bhd has reported a deviation of 107.55% between its audited and unaudited net loss for the financial year ended March 31 (FY18) due to additional impairment charges and charges related to its purchase of a 50% interest in Maxillion Link Enterprises Ltd. In a filing with Bursa Malaysia today, the group said that it made a loss after

  • June Producer Price Index up 0.1% year on year

    July 31, 2018 12:55 PM 3

    PETALING JAYA: Malaysia’s producer price index (PPI) for local production rose 0.1% on a year-on-year basis in June 2018 as compared to a decrease of 0.4% in May 2018, according to the Statistics Department. Among the sectors which increased during this period were mining (33.1%) and electricity and gas supply (1.3%), the department said. It said the index

  • Only 70,000 to 80,000 businesses affected by SST, compared with 472,000 under GST

    July 31, 2018 9:53 AM 4

    KUALA LUMPUR: Only 70,000 to 80,000 businesses are expected to be affected under the new Sales and Services Tax (SST), compared with 472,000 registered under Goods & Services Tax (GST), according to Royal Malaysian Customs Department (RMCD) director general Datuk Seri Subromaniam Tholasy. Speaking at a press conference here today, he said compared with the GST, the scope

  • Barakah shares rise 3.23%, on active trade after clinching Enquest Petroleum project

    July 31, 2018 3:21 AM 6

    PETALING JAYA: Barakah Offshore Petroleum Bhd’s share price rose 3.23% this morning after it won a five-year contract from Enquest Petroleum Production Malaysia Ltd. At 11.05am, its shares were 3.23% or half sen higher at 16 sen with 11.25 million shares traded, making it one of the top active stocks this morning. Yesterday, its shares closed unchanged

  • LKL's shares rise 3.45% after securing RM11m Uganda contract

    July 31, 2018 3:15 AM 7

    PETALING JAYA: LKL International Bhd’s share price rose 3.45% this morning after the group secured a US$2.8 million contract from Uganda’s Ministry of Health. At 10.59am, its share price was 3.45% or half sen higher at 15 sen with 300,800 shares traded. Yesterday, the group told Bursa Malaysia that its wholly owned subsidiary LKL Advance Metaltech Sdn Bhd was awarded

  • Hassan, Sukhdave make comeback to corporate Malaysia

    July 30, 2018 3:22 PM 4

    PETALING JAYA: The Prime Minister's Office has appointed Tan Sri Mohd Hassan Marican and Dr Sukhdave Singh to the board of Khazanah Nasional Bhd, marking the comeback of the two to corporate Malaysia. Prime Minister Tun Dr Mahathir Mohamad accepted the en masse offer of resignation by the board of Khazanah Nasional headed by long serving Tan Sri Azman

  • Top Glove fails in bid to freeze Adventa Capital assets, plans appeal

    July 30, 2018 1:02 PM 5

    PETALING JAYA: Top Glove Corp Bhd will be appealing against the Kuala Lumpur High Court’s decision to dismiss its application to freeze the assets of Adventa Capital. “The company wishes to announce that Top Glove and Top Care’s Mareva application against Wong Chin Toh, Low Chin Guan and ACPL in the Writ Action as well as against Adventa Capital in the KL OS in aid of the Singapore