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1-10 results from 1000 for query «2016»

February 22, 2018 9:08 AM Federal Court dismisses Farouk Musa’s bid to challenge Section 7 of PPPA as unconstitutional

Ahmad Zahid had on September 6 last year issued an order to ban the Malay-language 'Wacana Pemikiran Reformis (Jilid I)' and 'Wacana Pemikiran Reformis (Jilid II)' written by IRF founder Datuk Dr Ahmad Farouk Musa (pic). — Picture by Yusof Mat IsaPUTRAJAYA, Feb 22 — The Federal Court has dismissed the Islamic Renaissance Front’s (IRF) bid to challenge 3

February 22, 2018 6:08 AM FMM says production cost will ease if ringgit continues to be strong

PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) said the bane of high production cost could be contained if the ringgit strengthens to the RM3.50-RM3.80 range, amid favourable business conditions moving into the first half of this year. The FMM-MIER (Malaysian Institute of Economic Research) Business Condition Survey found that indicators 5

February 22, 2018 3:46 AM Labour productivity in the country grew 3.6% in Q4

PETALING JAYA: Labour productivity in the country grew 3.6% (RM85,031) in the fourth quarter of 2017 after registering 4.1% (RM82,433) growth in Q3 2017. During this quarter, Malaysia’s economy expanded 5.9% (Q3 2017: 6.2%) while employment rose 2.2% (Q3 2017: 2.0%). Agriculture sector registered labour productivity growth of 4.8% (Q3 2017: 5.2%) at RM55,490. The value 5

February 22, 2018 3:25 AM Rafizi's conviction among reasons for M'sia's drop in CPI ranking: TI-M

KUALA LUMPUR: The recent conviction of lawmaker Rafizi Ramli for whistle-blowing is among the reasons that affected Malaysia's global anti-corruption scores. Malaysia dropped to 62nd place for the 2017 rankings among 180 countries in the Corruption Perception Index (CPI) from 55th in 2016. "The reason is simple. The 1Malaysia Development Berhad (1MDB) issue 5

February 22, 2018 3:16 AM Malaysia drops seven spots in anti-graft ladder

In 2016, Malaysia ranked 55th out of 176 countries in Transparency International’s annual Corruption Perception Index.. — Ahmad ZamzahuriKUALA LUMPUR, Feb 22 — Malaysia’s global ranking in Transparency International’s (TI) annual Corruption Perception Index (CPI) has declined again, falling to 62 out of 180 countries surveyed last year. “Malaysia is on par with Cuba, Romania 5

February 22, 2018 2:14 AM AirAsia X shares most active on stronger results

AirAsia X Bhd’s net profit for the financial year ended Dec 31, 2017 surged to RM98.89 million from RM44.84 million in 2016 while revenue rose to RM4.56 billion from RM3.90 billion previously. — Reuters picKUALA LUMPUR, Feb 22 — AirAsia X Bhd’s (AAX) shares rose and became the most active in early trade today, after announcing a strong financial performance 6

February 21, 2018 2:09 PM Hap Seng to acquire 55% of Kretam for RM1.18b

KUALA LUMPUR: Hap Seng Plantations Holdings Bhd proposes to acquire a 55% stake in Kretam Holdings Bhd for RM1.18 billion or 92 sen per share, triggering the 33% mandatory takeover offer threshold. Hap Seng told Bursa Malaysia today that it had on Feb 21 entered into conditional share sale agreements with Kretam CEO Datuk Lim Nyuk Sang @ Freddie Lim and Santraprise 10

February 21, 2018 2:07 PM AirAsia X fourth quarter earnings soar on forex gains

PETALING JAYA: AirAsia X Bhd’s (AAX) net profit for the fourth quarter ended Dec 31, 2017 more than doubled to RM84.41 million from RM39.01 million a year ago, due mainly to foreign exchange gains. The group recorded revenue of RM1.22 billion for the quarter, 4% higher than the RM1.17 billion achieved in the same quarter a year ago. It was supported 10

February 21, 2018 12:44 PM Lower Q4 net profit for UOA Development

PETALING JAYA: UOA Development Bhd’s earnings dropped 44.6% to RM191.8 million for the fourth quarter ended Dec 31, 2017, from RM346 million in the previous corresponding quarter, mainly due to the absence of fair value adjustments in the current quarter. Revenue declined 26.4% to RM199.27 million, compared with RM270.64 million in the same period in 2016. UOA has recommended 10

February 21, 2018 10:44 AM Malaysia retains position as world's largest sukuk issuer

KUALA LUMPUR: Malaysia maintained its leadership as the world's largest sukuk issuer in 2017, accounting for US$36.5 billion (RM142.7 billion) of global sukuk issuance. It was followed by Saudi Arabia (US$31.7 billion), Indonesia (US$6.9 billion) and Qatar (US$5.6 billion), RAM Rating Services Bhd said in a statement today. The volume of global sukuk 11