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March 23, 2018 10:40 AM Gamuda's Q2 earnings rise 27% to RM211.3 million

PETALING JAYA: Gamuda Bhd's net profit grew 27.1% to RM211.3 million in the second quarter ended Jan 31, 2018, from RM166.3 million in the previous corresponding quarter. The group told the stock exchange, the increase in profit was mainly due to higher work progress from its various construction projects, coupled with stronger overseas property sales 5

March 21, 2018 11:01 AM Malaysia’s banking sector to benefit from stronger macroeconomic conditions in 2018, says Moody’s

Moody’s VP, senior credit officer, financial institutions group, Eugene Tarzimanov, speaking during Moody’s Inside Asean Spotlight on Malaysia media roundtable in Kuala Lumpur, March 21, 2018. — Picture by Firdaus LatifKUALA LUMPUR, March 21 — Malaysian banks’ asset quality and profitability generally improved in 2017 and this trend is likely to continue 3

March 21, 2018 6:44 AM China carmaker Geely’s 2017 net profit soars amid global push

The Geely Automobile Holdings logo is pictured at the Auto China 2016 show in Beijing April 25, 2016. — Reuters picSHANGHAI, March 21 — Chinese carmaker Geely Automobile Holdings Ltd, whose chairman recently took a US$9 billion (RM35.2 billion) stake in Germany's Daimler AG, said today its profits more than doubled in 2017, driven by strong domestic 9

March 20, 2018 12:19 PM BlackBerry’s shares rise after software security pact with Microsoft

A Blackberry sign is seen in front of their offices on the day of their annual general meeting for shareholders in Waterloo, Canada in June 23, 2015. — Reuters picTORONTO, March 20 — BlackBerry Ltd’s US-listed shares rose nearly 6 per cent in pre-market trading today after the company said it would partner with Microsoft Corp to provide security for flagship 5

March 19, 2018 12:53 PM Parkson’s unit succeeds in bid to acquire part of property in China for RM124m

KUALA LUMPUR, March 19 — Parkson Retail Group Ltd’s (PRGL) indirect Chinese unit, Wuxi Sanyang Parkson Plaza Co Ltd (WSPP), has succeeded in its bid to acquire part of a property owned by Sanyang Yinhui Properties Development Co Ltd (SYPD) in China for RM124 million. In a filing with Bursa Malaysia today, PRGL said, WSPP, its 60 per cent-owned subsidiary 4

March 17, 2018 8:37 AM Seven dead as Philippine plane crashes into house

MANILA: At least seven people were killed when a small plane crashed into house while trying to take off just outside the Philippine capital on Saturday, police and aviation officials said. The twin-engined aircraft crashed into a house just after taking off in Plaridel town, killing all five aboard as well as at least two people others on the ground 6

March 15, 2018 2:31 PM Wilshere back for England as Southgate brings in three new faces

Jack Wilshere during training with the England squad at Chantilly June 12, 2016. — Reuters pic LONDON, March 15 ― Arsenal midfielder Jack Wilshere was recalled to the England squad for the first time in nearly two years while manager Gareth Southgate called up three new faces for friendlies with the Netherlands and Italy. Burnley goalkeeper Nick Pope and central 10

March 13, 2018 6:13 AM Asian currencies subdued on caution ahead of US inflation data

China's yuan rises after a slightly stronger midpoint fixing by the central bank. — Reuters picSINGAPORE, March 13 — Most Asian currencies traded in a tight range ahead of crucial inflation data from the United States due later in the day. Inflation has been a focal point for the Federal Reserve's monetary policy, and could speed up the tempo of interest 15

March 13, 2018 5:44 AM Visa predicts 35pc rise in contactless payments

Nadia Heng Min Dern shows a mobile app during the launch of the Pick-A-Trip app in Kuala Lumpur March 13, 2018,.― Picture by Razak GhazaliKUALA LUMPUR, March 13 — Paywave payments in the country will increase by up to 35 per cent, Visa Malaysia predicted. Visa Malaysia country manager Ng Kong Boon also said penetration will double from 25 per cent to 50 per cent. “We started 11

March 13, 2018 4:57 AM Malaysia’s IPI growth slows to 3% in January

PETALING JAYA: Despite a significant slowdown in factory output expansion in January 2018, MIDF Research believes the industrial activity will continue to trend upward underpinned by persistent upbeat momentum in global trade and a gradual rise in commodity prices. Malaysia’s industrial production index (IPI) increased 3% year-on-year in January 2018, well below 10