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January 19, 2018 11:15 AM APFT now a PN17 company

PETALING JAYA: Aviation training provider APFT Bhd has been admitted into the Practice Note 17(PN17) category as its shareholders’ equity fell below the 50% threshold, more than a year after auditors flagged going concern issues in its audited financial statement for the financial year ended July 31, 2016. The group’s board of directors said in a Bursa 3

January 19, 2018 1:59 AM Bursa rebounds to open higher

KUALA LUMPUR, Jan 19 — Bursa Malaysia rebounded from yesterday's losses to open slightly higher today on renewed buying interest in selected heavyweights, amid a mixed start on regional markets, dealers said. At 9.10am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) stood at 1,824.10, up 2.50 points, from yesterday's close of 1,821.60.It opened 1.79 points 4

January 12, 2018 10:37 AM T7 Global partners Chinese firm for mega projects

PETALING JAYA: T7 Global Bhd's subsidiary T7 Kemuncak Sdn Bhd is forming a joint venture (JV) with China Construction Third Engineering (M) Sdn Bhd (CCTE Malaysia) in order to tender for infrastructure and construction projects in Malaysia. Known as T7 China Construction Third Engineering Sdn Bhd , the JV will bid for East Coast Rail Link (ECRL), Mass Rapid 10

January 12, 2018 3:34 AM Interest rate hike a mild booster to bank’s earnings, says research firm

Bank Negara’s aggressive tone is said to hint at a potential review of monetary accommodation. — Picture by Yusof Mat Isa KUALA LUMPUR, Jan 12 — AmInvestment Research is projecting one to two rate hikes with 25 basis points (bps) each for this year which will be mildly positive on bank earnings. The research firm, in a Aminvestment Bank report, said Bank Negara’s 9

January 11, 2018 11:41 AM Aussie gran in drugs case released on bail

The 54-year-old was cleared after a lengthy legal process, but she was not released and allowed to fly back to Australia initially as she no longer held valid travel documents. — AFP picPUTRAJAYA, Jan 11 ― An Australian grandmother who was cleared of drug-trafficking in Malaysia last month and escaped the death penalty ― but had to remain in the country 9

January 9, 2018 12:58 PM Ekuinas sells entire stake in APIIT Education Group for RM725 million

PETALING JAYA: Ekuiti Nasional Bhd (Ekuinas) announced the disposal of its entire 100% stake in the APIIT Education Group for an enterprise value of RM725 million. The government-linked private equity fund said in a statement that with the divestment the group will be able to recoup its cost of investment in APIIT Group with a positive blended internal 7

January 4, 2018 12:44 PM PRG gets additional partner to manage unit Premier JPC

PETALING JAYA: Hong Kong- incorporated Mingfa Group (Global) Investments Holdings Ltd is now a collaborative partner with PRG Holdings Bhd, Premier JPC Sdn Bhd (Premier JPC) and Jiangsu Provincial Construction (M) Sdn Bhd to manage Premier JPC’s venture into highway, bridge, port and housing development projects. PRG said in a Bursa Malaysia filing that it entered 5

January 3, 2018 9:20 AM Three-year free maintenance for all VW cars now

VOLKSWAGEN Passenger Cars Malaysia (VPCM) today entered 2018 with the introduction of a free three-year/45,000km (whichever comes first) maintenance programme. All Volkswagen cars registered from 1st Jan 1 are eligible, regardless of model. VPCM managing director, Erik Winter, said that the three-year free maintenance programme on Volkswagen cars will help provide 8

January 3, 2018 5:44 AM Kerjaya Prospek proposes 6-for-5 bonus shares, free warrants

PETALING JAYA: Kerjaya Prospek Group Bhd proposes a bonus issue of up to 677.44 million new shares on the basis of six bonus shares for every five existing shares held. It also proposes a bonus issue of up to 169.36 million new warrants on the basis of six bonus warrants for every 20 existing shares held. Upon completion of the proposals, Kerjaya Prospek's 9

January 3, 2018 3:32 AM MCT shares up 1.21% on major shareholder stake buy

PETALING JAYA: MCT Bhd's share price rose one sen or 1.21% this morning, after its major shareholder Regent Wise Investments Limited (RWIL) said it will offer to purchase every share it doesn't own at 88 sen a piece. At 10.57am, the stock stood at 84 sen with 479,300 shares changing hands. It has a market capitalisation of RM1.1 billion. The offer came after 8