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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 37

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 37

September 4, 2018 12:57 PM IJM to build Affin Bank HQ at TRX

PETALING JAYA: IJM Corp Bhd has secured a RM505 million contract from Affin Bank Bhd for the construction of its 47-storey office building at Tun Razak Exchange (TRX), Kuala Lumpur. IJM told Bursa Malaysia its wholly owned subsidiary IJM Construction Sdn Bhd had accepted the letter of award from Affin Bank for the construction and completion of the superstructure 23

September 4, 2018 7:17 AM Woman loses RM34,101 to foreigner she met on Facebook

KUANTAN: A 60-year-old woman paid a heavy price for befriending and trusting an acquaintance on Facebook after she was cheated off RM34,101 last month. Pahang Commercial Crime Investigation Department chief Supt Mohd Wazir Mohd Yusof said the victim said she wanted to help a man known as Ying Jimmy, who claimed to be an American, to start a business 23

September 4, 2018 1:54 AM Bursa Malaysia lower at opening

KUALA LUMPUR: Bursa Malaysia began the morning trading on a weaker note, with external uncertainties like worries over a further escalation of the trade war and currency volatility, possibly weighing on sentiment in the near-term. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.01 points lower at 1,811.57 from yesterday's close of 1,813.58. Gainers 24

September 3, 2018 3:09 PM Vertice joint-venture company wins RM815m contract in related party deal

PETALING JAYA: Vertice Bhd's 50:50 joint venture (JV) company with Vizione Holdings Bhd, Buildmarque Construction Sdn Bhd was awarded an RM815 million contract by Consortium Zenith Construction Sdn Bhd to undertake construction works for Package 2 of the Penang Mega Infrastructure Project. The award is for the construction of a 5.7km by-pass from Bandar 10

September 3, 2018 1:28 PM BNM seen holding key rate

KUALA LUMPUR: Bank Negara Malaysia (BNM) is expected to keep its benchmark interest rate unchanged at a meeting tomorrow, as it keeps tabs on how far the United States and China will take their ongoing trade war. All 11 economists polled by Reuters see BNM holding its overnight policy rate at 3.25%. Malaysia has raised its policy rate once this year – by 25 basis 6

September 3, 2018 5:36 AM AirAsia on track to sell remaining 30 aircraft, RM2.89b disposal proceeds received so far

PETALING JAYA: AirAsia Group Bhd said it is on track to complete the disposal of the remaining 30 aircraft and 14 aircraft engines under its plans to divest the aircraft leasing operations. It is the group's strategy to divest non-core assets and focus on its core airline operating business. The low-cost carrier told Bursa Malaysia that it had completed 6

September 1, 2018 9:02 AM Indonesia to bid for 2032 Olympics

JAKARTA: Indonesia will bid to host the 2032 Summer Olympics, President Joko Widodo said Saturday following its successful staging of the 18th Asian Games. Widodo said the Asian Games, hosted in the cities of Jakarta and Palembang over the past two weeks, have proved the country has the ability to host the world's most prestigious multi-sports event 8

September 1, 2018 4:13 AM Pahang targets 32 gold medals at Sukma

KUANTAN: Pahang targets 32 gold, 27 silver and 54 bronze medals in the 19th Malaysia Games (Sukma) in Perak from Sept 11 to 22. State Human Resource, Youth, Sports and Non-Governmental Organisations Committee chairman Datuk Seri Mohd Johari Hussain said the target was expected to place Pahang in the top five contingents in the overall medal tally 6