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  • EcoFirst aims higher sales of RM240m in FY19

    July 30, 2018 8:59 AM 4

    KUALA LUMPUR: EcoFirst Consolidated Bhd is targeting RM240 million sales in this financial year ending May 31, 2019 (FY19) from its Liberty @ Ampang Ukay and Kondominium Kelab Golf (formerly Upper East @ Tiger Lane) projects. Group CEO Datuk Tiong Kwing Hee said its sales achieved in FY18 was similar to its projection of RM180 million. EcoFirst's net profit

  • Johan Abdullah quits Malakoff after leaving Lembaga Tabung Haji

    July 30, 2018 4:59 AM 3

    PETALING JAYA: Datuk Seri Johan Abdullah has resigned from his post as a non-independent and non-executive director of Malakoff Corp Bhd following his departure from Lembaga Tabung Haji (LTH). Malakoff said that Johan, 61, joined the board in May 2017 as LTH's nominee. Johan’s two-year stint as group managing director and CEO of LTH ended after his contract

  • Ivory Properties says Cheras apartments project is off

    July 29, 2018 2:51 PM 4

    PETALING JAYA: Ivory Properties Group Bhd has terminated a memorandum of understanding (MoU) with Taman Segar Management Corp and Upper Label Sdn Bhd for the redevelopment of apartments in Cheras, which would have marked its foray into the affordable housing segment in Kuala Lumpur. In a filing with Bursa Malaysia on Friday, the group said the MoU lapsed

  • Fox and Disney shareholders approve deal for entertainment assets

    July 28, 2018 2:15 AM 13

    NEW YORK: Twenty-First Century Fox Inc and Walt Disney Co said on Friday their shareholders voted to approve Disney's US$71 billion (RM288 billion) purchase of Fox's film and television assets. Results were announced at both companies' special shareholders' meetings, held in New York. Shares of Fox were down slightly, by 0.3% to US$45.25 (RM184) in afternoon

  • Maybank Indonesia posts lower earnings in first half of 2018

    July 27, 2018 11:31 AM 6

    PETALING JAYA: Malayan Banking Bhd's (Maybank) Indonesian unit PT Bank Maybank Indonesia Tbk's net profit fell 6.6% to Rp932.7 billion (RM264 million) for the first six months ended June 30, 2018 compared with Rp998.5 billion in the previous corresponding period, due primarily to lower fee-based income and a slight compression in net interest margin

  • JAKS Resources fails in bid again to stop RM50m bank guarantee release to Star Media

    July 27, 2018 10:15 AM 6

    KUALA LUMPUR: The Court of Appeal has dismissed JAKS Resources Bhd's (JRB) subsidiary Jaks Island Circle Sdn Bhd's (JIC) motions for Erinford injunction to stop Star Media Group Bhd from claiming a bank guarantee of RM50 million provided for a joint development project in Section 13, Petaling Jaya. Following that, JRB said in a stock exchange filing

  • Gabungan AQRS sues several parties over contract breach

    July 27, 2018 10:05 AM 7

    PETALING JAYA: Gabungan AQRS Bhd's two subsidiaries are suing several parties for alleged breach of contract in relation to the provision of accommodation on base-camp concept complete with necessary facilities for Petronas Chemicals Fertiliser Sabah Sdn Bhd. The group is also working towards getting both suits heard at the same time at the Kota Kinabalu

  • Uzma to raise up to RM1b via sukuk

    July 27, 2018 9:40 AM 9

    PETALING JAYA: Uzma Bhd proposes to raise up to RM1 billion through its Unrated Islamic Medium-Term Notes Programme. The group told Bursa Malaysia that its wholly owned subdiary Uzma Integrasi Padu Bhd had on July 27 made a lodgement to Securities Commission Malaysia (SC) for the establishment of the programme based on the Shariah principle of Wakalah

  • AirAsia Q2 load factor down 3% to 86% on seat capacity expansion

    July 27, 2018 9:23 AM 8

    PETALING JAYA: AirAsia Group Bhd's operations in Malaysia, Indonesia and the Philippines saw a 3% drop in its load factor to 86% for the second quarter of 2018 (Q2 18) compared to the same period of 2017. The low-cost carrier said in a statement that it carried 10.88 million passengers in Q2 18, representing a 13% increase against the 9.61 million passengers

  • Ringgit strengthens against US dollar at opening

    July 26, 2018 3:48 AM 13

    KUALA LUMPUR: The ringgit carried on yesterday's positive momentum to open higher against the US dollar, as market players opined that the biggest currency beneficiaries post-European Union-US trade announcement have been the commodity-linked and carry-trade riskier currencies. OANDA Head of Trading in Asia-Pacific, Stephen Innes said with the oil prices