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June 22, 2018 9:54 AM Icon Offshore receives RM23m vessel contract

PETALING JAYA: Icon Offshore Bhd has bagged a RM23 million contract to provide one utility vessel to Hess Exploration and Production Malaysia B.V. It told Bursa Malaysia that the contract is for a period of three years with two extension options of one year each. The contract is expected to contribute positively to Icon Offshore's earnings, order book and net assets 4

June 20, 2018 1:37 PM Gabungan AQRS bags RM60m project

PETALING JAYA: Gabungan AQRS Bhd has been awarded a sub-contract worth RM60.22 million for the execution and completion of sub-structure, toll plaza building and motorcycle lane works of the Elevated Sungai Besi-Ulu Kelang Highway privatisation project. In a filing with Bursa Malaysia today, the group said its wholly owned subsidiary Gabungan Strategik 4

June 20, 2018 11:07 AM MYEG explores payment processing in the Philippines

PETALING JAYA: MY E.G. Services Bhd (MYEG) is looking to register its associate company I-Pay MYEG Philippines Inc as a financial technology solutions business enterprise license applicant in the Cagayan Special Economic Zone and Freeport. In a filing with Bursa Malaysia today, MYEG said I-Pay MYEG has entered into a memorandum of understanding (MOU) 4

June 20, 2018 5:45 AM MRCB's Salim to retire on July 2

PETALING JAYA: Malaysian Resources Corporation Bhd's Group Managing Director Tan Sri Mohamed Salim Fateh Din, will retire on July 2, 2018 to make way for his son Mohd Imran Mohamad Salim to takeover helm of the group. The stock was up half a sen at 65 sen with some 2.3 million shares changing hands, at the end of morning trade. Mohd Imran, an executive 3

June 19, 2018 2:54 PM Iskandar Waterfront City settles RM32.23m tax bill

PETALING JAYA: Iskandar Waterfront City Bhd (IWCity) has fully settled the RM32.23 million tax bill imposed by the Inland Revenue Board (IRB). IWCity told Bursa Malaysia that its wholly owned subsidiary Tebrau Bay Constructions Sdn Bhd (TBCSB), following the full settlement of the taxes claimed, today received the sealed court order dated May 20, 2018 that the writ and the Malaysian 5

June 19, 2018 11:53 AM GHL Systems: RM40m from private placement to finance purchase of Paysys

PETALING JAYA: GHL Systems Bhd will be deploying RM40 million out of the RM84.5 million raised from a private placement exercise, to fund the proposed acquisition of Paysys (M) Sdn Bhd to expedite the process. The group had previously stated in a circular to its shareholders dated May 16, 2018 that the acquisition will be funded through a combination 5

June 19, 2018 10:29 AM Bursa Malaysia ends at over 6 1/2-month low

KUALA LUMPUR: Bursa Malaysia ended at a six-and-a half month low with the FTSE Bursa Malaysia KLCI (FBM KLCI) losing 28.07 points or 1.61% to 1,715.36, the lowest level seen since Dec 4, 2017, in tandem with losses in regional bourses which were reeling under the escalating trade war between the United States and China. The index opened 5.23 points weaker 4

June 19, 2018 5:06 AM Cahya Mata Sarawak falls 9.1% despite contract extension

PETALING JAYA: Cahya Mata Sarawak Bhd fell 9.1% in early trade to a low of RM2.30 despite being granted extension for its road maintenance contract by the state government. At 11.07 am, the stock was trading at RM2.42 with 3.70 million shares done. CMS said in a filing with Bursa Malaysia yesterday that its indirectly owned subsidiary CMS Roads Sdn Bhd had received 3

June 18, 2018 11:53 AM Cahya Mata Sarawak’s road maintenance contract extended

PETALING JAYA: Cahya Mata Sarawak Bhd’s (CMS) contract for the maintenance of state roads in Sarawak has been extended by the state government for another year, till June 30, 2019. In a filing with Bursa Malaysia earlier, CMS said CMS Roads Sdn Bhd, a wholly owned subsidiary of CMS Works Sdn Bhd, which in turn is a subsidiary of CMS, received a letter 4

June 18, 2018 3:11 AM Iris shares rise 14.81% on proposed share issuance

PETALING JAYA: Iris Corp Bhd’s share price rose 14.81% this morning after it announced plans to raise RM59.33 million from a proposed share issuance last week. At 10.51am, its share price was 14.81% or 2 sen higher at 15.5 sen with 99.09 million shares traded, making it the top most active stock this morning. Last Thursday, its share price rose 3.85% to close 4