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September 5, 2018 7:51 AM EPF sees 7.64% increase in investment income in Q2

PETALING JAYA: The Employees Provident Fund (EPF) saw a 7.64% increase in total investment income to RM12.39 billion for the second quarter ended June 30, 2018 against RM11.51 billion in the previous corresponding period. In a statement released today, the pension fund's deputy CEO (Investment) Datuk Mohamad Nasir Ab Latif said the trading environment 38

September 5, 2018 6:35 AM Gabungan AQRS expects better years ahead on projects in hand and low costs

PETALING JAYA: Gabungan AQRS Bhd expects to perform better this year and next, based on projects in hand and low operating cost. Group CEO Datuk Azizan Jaafar said its construction order book of RM2.4 billion will sustain the group for the next three years while the property division is expected to start contributing to the group's earnings next year. Speaking 38

September 4, 2018 12:34 PM EPF: Rise in approvals for flexible withdrawals in Q2

PETALING JAYA: The Employees Provident Fund (EPF) reported that 40% more contributors reaching the age of 55 and 60 in the second quarter of 2018, opted to retain part of their savings with EPF to earn dividends. There was a 48.65% increase to 67,969 (RM2.92 billion) approved applications for “Age 55 Flexible Withdrawal” in the second quarter, compared 19

September 3, 2018 7:40 AM Case settled, Rafizi Ramli apologises to Abdul Rahman

KUALA LUMPUR: The case of former minister in Prime Minister's Department Datuk Seri Abdul Rahman Dahlan's suit against Mohd Rafizi Ramli was settled after the PKR vice-president apologised to him for allegedly issuing a defamatory statement on the organisation of the 2017 Negaraku Expo. Mohd Rafizi's apology was read out by his attorney Abdul Halim Abdul 13

September 3, 2018 5:03 AM Prasarana's new president is DRB-Hicom Bhd’s Datuk Mohamed Hazlan Mohamed Hussain

PETALING JAYA: DRB-Hicom Bhd’s group director of organisational support Datuk Mohamed Hazlan Mohamed Hussain is the new president and group CEO of Prasarana Malaysia Bhd. He will succeed Masnizam Hisham whose tenure ended on September 2, after a eight month stint. Prior to his appointment, Mohamed Hazlan served as head of several departments in DRB-Hicom 6

August 29, 2018 6:34 AM CIMB confident of achieving 6% loan growth for 2018

KUALA LUMPUR: CIMB Group Holdings Bhd is on track to meet its loan growth target of 6% for this year with the stronger performance expected for the second half of the year, said group CEO Tengku Datuk Seri Zafrul Aziz. Its loan growth for the first half of the year stood at 3.4%, dragged down by the weakening of rupiah in Indonesia. CIMB posted a record 8

August 28, 2018 3:52 PM Largest outdoor FlyCycle class in M’sia by BMW and FlyProject

BMW Malaysia and FlyProject recently organised the country’s largest outdoor FlyCycle class at The Square, Publika, as part of the carmaker’s commitment to create awareness on its “Visionary Mobility and Electro Mobility” initiative. BMW Malaysia managing director and CEO Harald Hoelzl said, “Being the pioneers of ‘Electro Mobility’ in the country and having 15

August 28, 2018 2:59 AM Theme park fun-filled festivity

In conjunction with the nation’s 61st year of independence, Sunway Lagoon launches the “Proud To Be Malaysian” campaign that will run from Aug 17 to Sep 16. Visitors to the theme park can expect a large number of activities and attractions during this time. Alongside the unveiling of Infantino Fernandes’ latest metal sculptures of seven bisons called 6

August 27, 2018 5:45 AM MSWG to monitor all financially troubled and China-based companies from 2019

KUALA LUMPUR: The Minority Shareholders Watch Group (MSWG) will expand its assessment coverage to include all Practice Note 17(PN17) companies and China based listed companies from next year. The minority shareholders activism group's CEO Devanesan Evanson told reporters that the decision to monitor all PN17 companies and China based listed companies 6

August 23, 2018 11:11 AM Save, invest and win

In its aim to empower Bumiputeras, Pelaburan Hartanah Berhad (PHB) and Maybank Asset Management Sdn Bhd (MAM) launched an Amanah Hartanah Bumiputera (AHB) prize draw called “Simpan, Labur dan Menang”. The “luck” draw will see customers standing to win AHB units of up to RM400,000 in total. PHB group managing director and CEO Datuk Kamalul Arifin Othman 11