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August 17, 2018 12:10 PM Pesona Metro JV bags RM218.22m contract

PETALING JAYA: Pesona Metro Holdings Bhd’s joint venture (JV) with Intrasegi Sdn Bhd has been awarded a contract worth RM218.22 million for the construction of an office in Kuala Lumpur. In a filing with Bursa Malaysia, the group said the contract was awarded to Intrasegi Sdn Bhd-Pesona Metro Sdn Bhd JV by Pembinaan Kery Sdn Bhd, a wholly owned subsidiary 4

August 16, 2018 2:48 AM Indonesian ban on poultry from Malaysia has no impact on exporters

PETALING JAYA: Indonesia's ban on the import of fresh poultry and unprocessed products from Malaysia shipped after Aug 9 will not have any impact on Malaysian exporters, as they have not been in the market for more than a year now. According to an industry player who declined to be named, a ban on Malaysian poultry has actually been in effect since the H5N1 avian 5

August 15, 2018 2:50 AM AirAsia share price up marginally after selling stake in Expedia JV

PETALING JAYA: AirAsia Group Bhd's (AAG) share price rose 0.90% this morning after it divested its remaining 25% stake in its joint venture (JV) company, AAE Travel Pte Ltd for US$60 million (RM240 million). The airline sold its remaining stake to the 75% stakeholder in the company Expedia Inc’s Expedia Southeast Asia Pte Ltd -- in a bid to monetise 6

August 14, 2018 1:53 PM Toll concessionaires’ shares rise

PETALING JAYA: The shares of most toll concessionaires rose today after the government decided to postpone the abolishment of tolls. Among the nine toll concessionaires listed on Bursa Malaysia, Lingkaran Trans Kota Holdings Bhd (Litrak) was the top gainer, rising 2.85% or 13 sen to close at RM4.69 with 704,700 shares traded today. The company, which 5

August 14, 2018 1:07 PM Malakoff, Touch Meccanica extend MoU on green energy

PETALING JAYA: Malakoff Corp Bhd, which has signed a memorandum of understanding (MoU) with Touch Meccanica Sdn Bhd to co-develop two energy projects, said the parties have mutually agreed to extend the MoU period for six months, from July 7, 2018 to Jan 7, 2019. Earlier this year, the power producer said the projects, namely large scale solar photovoltaic 5

August 13, 2018 9:48 AM Bursa Malaysia ends lower on selling pressure

KUALA LUMPUR: Bursa Malaysia ended lower today on selling pressure across-the-board as market sentiment remained volatile due to external factors, dealers said. At 5pm, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was lower at 1,783.40, down 22.41 points, from Friday's close of 1,805.75. The index opened 2.10 points lower at 1,803.65 and moved between 8

August 13, 2018 3:50 AM Westports shares fall following deferment of container tariff hike

PETALING JAYA: Westports Holdings Bhd’s share price fell 4.47% this morning after the Port Klang Authority (PKA) postponed the second phase of the container tariff revision at Port Klang. At 11.33am, its share price was 4.47% or 17 sen lower at RM3.63 with 343,800 shares traded, making it one of the top losers this morning. Last Friday, Westports said it received 4

August 10, 2018 9:40 AM Marine & General gets RM48m contract from Murphy Sarawak Oil

PETALING JAYA: Marine & General Bhd's subsidiary Jasa Merin (Malaysia) Sdn Bhd has bagged a RM48 million contract from Murphy Sarawak Oil Co Ltd to provide two anchor handling tug supply vessels (60MT) to support Murphy's Sarawak production operations. The group told the stock exchange that the contract for the first vessel started on August 1 while 6

August 10, 2018 3:55 AM Gamuda shares rebound after accepting Splash takeover offer

PETALING JAYA: Gamuda Bhd’s share price rose 1.35% this morning after its 40%-owned associate company Syarikat Pengeluar Air Selangor Holdings Bhd (Splash) accepted the RM2.55 billion takeover offer. At 11.34am, the stock was 1.35% or 5 sen higher at RM3.76 with 1.83 million shares traded. The stock closed 3.6% or 14 sen lower at RM3.71 yesterday with some 4.55 million 6

August 8, 2018 11:38 PM Arsenal's 'silent Stan' unfazed by unhappy fans

LONDON: American businessman and entrepreneur Stan Kroenke is unlikely to be upset by the outpouring of heated opposition from Arsenal fans following his takeover of historic Premier League club. The hard-nosed multi-billionaire from Columbia, Missouri, who joined the American invasion of English football over a decade ago, has absorbed a steady volume 10