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January 19, 2018 2:20 AM Analyst keeps faith with RM17.60 target for TNB

The Tenaga Nasional Berhad (TNB) logo is seen on a building in Kuala Lumpur April 29, 2016. — Picture by Saw Siow FengKUALA LUMPUR, Jan 19 — CIMB Equities Research has maintained its target price of RM17.60 for Tenaga Nasional Bhd (TNB). Basing this on a price-to-earnings ratio of 14 times for the 2019 financial year, it said in a statement carried by The Star that TNB should 4

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 18, 2018 5:59 AM Parlo Tours completes RTO, lists on the ACE market

PETALING JAYA: Parlo Tours Sdn Bhd, travel management and services group in Malaysia, via a reverse takeover of Cybertowers Bhd has today joined the ACE Market of Bursa Malaysia Securities Berhad, under the name Parlo Bhd. The group's share price jumped 8.5 sen or 85% to trade at 18.5 sen as at 3.54pm today, with some 23.9 million shares changing hands 4

January 18, 2018 5:16 AM Gov losing RM8b in tax revenue from illicit trade

KUALA LUMPUR: The Institute for Democracy and Economic Affairs (IDEAS) has estimated that government is losing some RM8 billion in tax revenue annually due to illicit trade. Last year, the illicit tobacco market alone is believed to have contributed about RM4.4 billion in tax revenue losses. Apart from the tobacco industry, these losses also come from the black 4

January 18, 2018 3:00 AM Report: Trial run for new automobile emergency system responder to begin

Datuk Seri Liow Tiong Lai encourages carmakers to equip their vehicles with the eCall feature with implementations being discussed with the Malaysian Institute of Road Safety Research (MIROS). — Reuters picKUALA LUMPUR, Jan 18 ― The “eCall” emergency response system will go on trial ahead of making it a future mandatory feature for automobiles as the government 8

January 17, 2018 4:29 AM Socio-Economic Research Centre sees GDP growth moderating to 5.1% in 2018

KUALA LUMPUR: The Malaysian economy is expected to moderate to 5.1% this year due to the high base effect from 2017, said the Socio-Economic Research Centre. Its executive director Lee Heng Guie projected GDP to have grown 5.8%-6.0% in 2017. He also expects a 25-basis-point rate hike by the central bank next week. "Our baseline call is 25 basis points 8

January 15, 2018 9:43 AM MoU signed to ensure Malaysia as a leading producer of guarana flour

GEORGE TOWN: Malaysia hopes to be the first producer of guarana flour in the world, following the signing of a memorandum of understanding (MoU) between the National Institute of Biotechnology Malaysia (NIBM) with the local specialist, Ritz Biotechnology Development Sdn Bhd. According to Ritz Biotechnology Sdn Bhd Managing Director Datuk Ibrahim Yahaya 10

January 15, 2018 8:27 AM 12,000 flee as lava oozes from Philippine volcano

Lava last flowed out of Mayon in 2014, forcing 63,000 people to flee from their homes. — Reuters picCAMALIG (Philippines), Jan 15 — Thousands fled from their homes as lava oozed out of a rumbling Philippine volcano today in what volcanologists described as a “quiet eruption”, warning it could lead to a hazardous explosion within days. Lava was slowly 11

January 15, 2018 3:37 AM HLIB maintains ‘buy’ call on Top Glove

In a note, HLIB increased Top Glove’s target price to RM9.95 from RM8.47. — Malay Mail picKUALA LUMPUR, Jan 15 — Hong Leong Investment Bank (HLIB) has maintained a “buy” call on Top Glove Corporation Bhd on the back of an earnings accretive acquisition. In a note, HLIB increased Top Glove’s target price to RM9.95 from RM8.47. The research firm said Top Glove 11

January 14, 2018 2:25 AM Kedah Sultan heads list of 693 recipients of Negri Sembilan awards

KUALA PILAH: The Sultan of Kedah, Sultan Sallehuddin Ibni Almarhum Sultan Badlishah heads the list of 693 recipients of Negeri Sembilan state awards and medals in conjunction with the 70th birthday of the Yang di-Pertuan Besar of Negri Sembilan, Tuanku Muhriz Ibni Almarhum Tuanku Munawir today. Sultan Sallehuddin will be bestowed the Darjah Kerabat Negeri 10