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September 5, 2018 6:58 AM Malaysia’s exports rise 9.4% to record high of RM86.1b in July

PETALING JAYA: Malaysia's exports expanded 9.4% year-on-year (yoy) to a record high of RM86.1 billion in July, driven by stronger growth in the electrical and electronics (E&E) and crude petroleum segments, according to the Department of Statistics. Re-exports in July 2018 was valued at RM18.7 billion and accounted for 21.7% of total exports. Domestic 83

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 32

August 30, 2018 6:58 AM RHB grows Q2 net profit by 12.2% on higher net interest income and lower credit losses

PETALING JAYA: RHB Bank Bhd grew second quarter ended June 30, 2018 net profit by 12.2%, on higher net interest income, income from Islamic banking business and significantly lower credit losses. Lower credit losses was mainly due to a RM19.0 million charge for equity instruments designated at fair value through other comprehensive income for the quarter 14

August 30, 2018 6:19 AM Bursa Malaysia rebounds in early trade

KUALA LUMPUR: Bursa Malaysia opened higher today, with the key index rebounding from yesterday's downtrend as investors took the cue from the upbeat overnight close of Wall Street amid improving oil prices. At 9.04am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 1.26 points higher at 1,821.9 from Wednesday's close of 1,820.64. Market breadth 24

August 30, 2018 5:36 AM Petronas ups dividend payout to RM24b for 2018 as Q2 profit nearly doubles

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) announced today a higher dividend payout of RM24 billion to the federal government this year after its net profit leaped 94% for the second quarter ended June 30, 2018. This represents a 50% rise compared with the RM16 billion dividends last year. Petronas' net profit stood at RM13.6 billion for the April-June 13

August 29, 2018 8:36 AM Ambitious Penang 2030 plan launched

GEORGE TOWN: The state government has unveiled an administrative policy called "Penang 2030" which aims to improve the overall quality of life for Penangites. Penang Chief Minister Chow Kon Yeow said that the state will introduce a form of the Happiness Index to gauge the level of contentment among the people here. Speaking during the launch of the plan at the E&O hotel 10

August 28, 2018 3:47 PM FGV in the red in Q2 on lower CPO prices, higher cost

PETALING JAYA: FGV Holdings Bhd swung into the red in the second quarter ended June 30, 2018, registering a net loss of RM23.23 million versus a net profit of RM37.26 million in the previous corresponding quarter, dragged down by lower crude palm oil (CPO) prices and productivity, higher production cost as well as higher share of losses from joint ventures 10

August 28, 2018 1:22 PM Hong Leong Bank Q4 net profit up 30%

PETALING JAYA: Hong Leong Bank Bhd’s net profit for the fourth quarter ended June 30, 2018 jumped 30% to RM626.01 million from RM482.92 million a year ago due mainly to higher net income, lower operating expenses, lower allowance for impairment losses on loans, advances and financing, higher writeback of impairment losses on financial investments and higher 9

August 27, 2018 11:21 AM Matang Q4 earnings up 25%

PETALING JAYA: Matang Bhd's net profit for the fourth quarter ended June 30, 2018 grew 25% to RM578,000 from RM463,000 a year ago on higher volume of fresh fruit bunch (FFB) harvested and lower cost of sales. Its revenue jumped 12% to RM2.48 million compared with RM2.22 million in the previous year's corresponding quarter arising mainly from higher volume 10

August 27, 2018 7:51 AM Watta Holding gets queried for share price spike

PETALING JAYA: Watta Holding Bhd has been issued an unusual market activity query by Bursa Malaysia Securities after its share price more than doubled in under one week. Today alone it hit a high of 74.5 sen before settling at 66 sen earlier, 32% higher than the 50 sen closing it saw last Friday. Some 6.5 million shares changed hands. Just more than a week ago the company 8