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1-10 results from 1000 for query «billion»

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 8

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 8

February 21, 2018 1:17 PM AC Milan owner Li dismisses bankrupt reports as ‘fake news’

File picture shows David Han Li (left), Li Yonghong (centre) and Marco Fassone showing an AC Milan jersey during a news conference in Milan, April 14, 2017. — Reuters picMILAN, Feb 21 — AC Milan owner Li Yonghong has dismissed reports that he has been declared bankrupt in China as “fake news”. Chinese businessman Li — who purchased the Italian club for €740 million 7

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 8

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 9

February 21, 2018 10:03 AM Mah hopes for Asean support on EU palm oil ban

PUTRAJAYA: Malaysia is hoping for Asean to make a collective stance against the European Union (EU) parliament decision to phase out palm oil from its biofuel programme by 2020, said Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong. He said this is evident from the increasing number of palm oil exports from countries in the region 7

February 21, 2018 8:37 AM Wee claims Zenith Construction never met minimum capital requirement

Datuk Seri Wee Ka Siong claimed the Penang government never met the minimum capital requirement in awarding the RM6.34 billion Penang Tunnel Special Purpose Vehicle project to Zenith Construction Sdn Bhd. — Picture by Saw Siow FengKUALA LUMPUR, Feb 21 — MCA deputy president Datuk Seri Wee Ka Siong claimed the Penang government never met the minimum capital 9

February 21, 2018 7:24 AM UOA Development profit falls to RM491.18m

KUALA LUMPUR, Feb 21 — UOA Development Bhd's net profit for the financial year ended Dec 31, 2017 (FY17) fell to RM491.18 million from RM676.72 million registered in 2016. Revenue, however, rose to RM1.08 billion from RM996.19 million previously, it said in a filing to Bursa Malaysia today. In the fourth quarter of FY2017, net profit decreased to RM191.79 million 4

February 20, 2018 11:34 PM Bank fraud prompts India to set up panel to prevent scams

The Reserve Bank of India has set up a panel to study and recommend ways to prevent bank frauds. — File picMUMBAI, Feb 21 — India’s central bank set up a panel to study and recommend ways to prevent the increasing incidents of frauds in the banking system after the nation’s second-largest state lender alleged that a diamond merchant had fraudulently 5

February 20, 2018 9:56 AM DPM: Fewer Asean visitors caused slight drop in tourists here last year

Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi chairs the 14th Tourism Cabinet Committee Meeting at Perdana Putra Building in Putrajaya February 20, 2018. — Picture by Razak GhazaliPUTRAJAYA, Feb 20 — Tourist arrivals in Malaysia dropped by 3 per cent in 2017 compared to the previous year, Deputy Prime Minister Datuk Seri Ahmad Zahid Hamidi said today 7