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  • MyEG shares flat despite new service launch

    January 4, 2018 3:00 AM 8

    PETALING JAYA: My EG Services Bhd's share price was flat at RM2.44 this morning, despite launching a new commercial service to provide job matching and placement services to match Malaysian employers with foreign workers yesterday. At 10.28am, the stock stood at RM2.44 with 5.64 million shares changing hands, giving it a market capitalisation of RM8.8 billion

  • BlackBerry, Baidu announce autonomous vehicle partnership

    January 3, 2018 11:40 PM 13

    MONTREAL: Canadian telecommunications software company BlackBerry and China's web giant Baidu on Wednesday (Jan 3) announced a partnership for autonomous and connected vehicles. "The two companies will collaborate to accelerate the deployment of connected and autonomous vehicle technology for automotive OEMs and suppliers worldwide," they said in a statement

  • AmEx to post fourth-quarter loss on US$2.4 billion hit from tax legislation

    January 3, 2018 8:35 PM 11

    REUTERS: American Express Co said it expects to report a fourth-quarter loss due to a US$2.4 billion hit from the tax legislation which makes it cheaper for U.S. companies to repatriate profits. The company also said it expects full-year 2017 earnings to be below its US$5.80-US$5.90 per share forecast. ( The impacts of the tax act in the fourth

  • FGV receives RSPO certification for eight mill complexes

    January 3, 2018 8:30 AM 7

    KUALA LUMPUR, Jan 3 — Felda Global Ventures Holdings Bhd (FGV) has received the Roundtable Sustainable Palm Oil (RSPO) Principles and Criteria (P&C)certification for eight mill complexes at the end of 2017. In a statement today, it said the eight mill complexes were expected to produce over 200,000 tonnes of Certified Sustainable Palm Oil (CSPO) and almost

  • Samling said to prepare RM1b IPO for Bentley dealer

    January 3, 2018 8:21 AM 11

    Samling sells Bentley, Mitsubishi and Honda vehicles in Malaysia and provides after-sales services for those marquees. — Reuters picKUALA LUMPUR, Jan 3 — Samling Group, the Malaysian timber giant, is planning an initial public offering of its automotive operations that could raise more than RM1, people with knowledge of the matter said. Samling is working

  • Kerjaya Prospek proposes 6-for-5 bonus shares, free warrants

    January 3, 2018 5:44 AM 9

    PETALING JAYA: Kerjaya Prospek Group Bhd proposes a bonus issue of up to 677.44 million new shares on the basis of six bonus shares for every five existing shares held. It also proposes a bonus issue of up to 169.36 million new warrants on the basis of six bonus warrants for every 20 existing shares held. Upon completion of the proposals, Kerjaya Prospek's

  • BTM shares up 2.04% on plant update

    January 3, 2018 4:04 AM 7

    PETALING JAYA: BTM Resources Bhd's share price rose 2.04% this morning, after announcing that its RM435 million waste incineration power plant project in Malacca needs approval from the federal government. At 11.22am, the stock stood at 25 sen with 80,000 shares changing hands, giving it a market capitalisation of RM31.5 million. Yesterday, the group

  • MCT shares up 1.21% on major shareholder stake buy

    January 3, 2018 3:32 AM 8

    PETALING JAYA: MCT Bhd's share price rose one sen or 1.21% this morning, after its major shareholder Regent Wise Investments Limited (RWIL) said it will offer to purchase every share it doesn't own at 88 sen a piece. At 10.57am, the stock stood at 84 sen with 479,300 shares changing hands. It has a market capitalisation of RM1.1 billion. The offer came after

  • Alcom shares up 1.18% on plans to diversify into property development

    January 3, 2018 3:06 AM 8

    PETALING JAYA: Aluminium Company of Malaysia Bhd's (Alcom) share price rose one sen or 1.18% this morning, following its announcement to diversify into property development with a RM500 million gross development value industrial park venture. At 10.39am, the stock stood at 86 sen with 96,800 shares changing hands. Its market capitalisation stood at RM114.18 million

  • South Korean car sharing startup SoCar taps Malaysia

    January 3, 2018 3:04 AM 13

    Unlike regular services that rent a car by the day, the car sharing service rents cars by the hour, with insurance coverage included. — Picture by Choo Choy MaySEOUL, Jan 3 — South Korean car sharing startup SoCar said today it will launch its business in Malaysia as its first overseas expansion move, South Korea’s Yonhap news agency reported. SoCar