The Edge Markets
Ex-minister proposes Mahathir-Anwar-Ku Li team to unseat PM
April 17, 2015 11:25:28 pm
(April 17): Former prime minister Tun Dr Mahathir Mohamad, Kelantan prince Tan Sri Tengku Razaleigh Hamzah and jailed opposition leader Datuk Seri Anwar Ibrahim should work together to save the country, a former minister wrote on his blog today....
Greece scrapes bottom of barrel in hunt for cash to stay afloat
April 17, 2015 11:23:40 pm
ATHENS (April 17): Greece will need to tap all the remaining cash reserves across its public sector — a total of 2 billion euros — to pay civil service wages and pensions at the end of the month, according to finance ministry officials. Bar... ...
Company charged with ferrying passengers without licence at KLIA 2
April 17, 2015 11:19:37 pm
(April 17): A travel and tours company, believed to be linked to Uber, is facing two charges of operating vehicles and ferrying passengers without licence, at the Kuala Lumpur International Airport 2 terminal. Trupio Tour Sdn Bhd is said to... ...
Missing trekker’s wife clings to hope, appeals to Najib for help
April 17, 2015 11:15:15 pm
(April 17): The wife of Malaysian trekker Dennis Lee Thian Poh who has been missing for 12 days is struggling to hold on to hope. Jennifer Peters made fliers with Lee’s picture with an offer of a reward to be distributed to local Nepali vil... ...
Tin steadies after hitting lowest since 2009 on supply glut
April 17, 2015 11:07:23 pm
LONDON (April 17): Tin recovered on Friday after tumbling to its lowest point since 2009 as a sell-off triggered by worries about a supply glut and weak demand gathered pace, while copper gained on hopes of stronger demand. Three-month tin ... ...
IMF, World Bank 2015 spring meetings in Washington on Friday
April 17, 2015 11:02:57 pm
WASHINGTON (April 17): The following are highlights of the International Monetary Fund and World Bank meetings on Friday in Washington, where finance ministers, central bankers and other top officials are gathering. From draf... ...
Japan and U.S. ministers to meet for trade talks before summit
April 17, 2015 10:57:58 pm
TOKYO/BEIJING (April 17): Japan and the United States will hold cabinet-level trade talks from this weekend, but are unlikely to seal a final deal, seen as crucial for a broader trans-Pacific free trade pact, by a summit this month, Japanese Econo......
Samsung Malaysia to re-stock phones to meet overwhelming demand
April 17, 2015 10:55:06 pm
KUALA LUMPUR: Samsung Malaysia Electronics Sdn Bhd will be re-stocking the Samsung Galaxy S6 Edge in Gold Platinum to meet the overwhelming response from Malaysian consumers, reported Bernama today. "The pre-orders for both Samsung Galaxy S... ...
Brent rises above $64 after Yemen oilfield retreat
April 17, 2015 10:53:57 pm
LONDON/SINGAPORE (April 17): Oil prices repaired early losses to rally above $64 on Friday due to the conflict in Yemen. Brent crude was within sight of its 2015 high reached on Thursday and has rallied 16 percent in April, supported... ...
OPEC should consider return to oil quotas -delegate
April 17, 2015 10:47:23 pm
LONDON (April 17): OPEC should consider re-introducing individual output quotas, shuffled quietly to one side in 2008, to prevent oversupply hitting prices should Iran increase its oil exports following a deal over its nuclear work, an OPEC... (funct...
DRB-HICOM enters joint venture to sell Lotus cars in China
April 17, 2015 08:02:11 pm
KUALA LUMPUR (April 17): Malaysia's DRB-HICOM, owner of the country's automobile manufacturer Proton, has entered into a joint venture contract with a Chinese firm, the company said in a bourse filing on Friday. DRB-HICOM's subsidiar... ...
Slew of boardroom changes at Mulpha Land
April 17, 2015 07:58:01 pm
KUALA LUMPUR (April 17): Mulpha Land Bhd has appointed Datuk Fakhri Yassin Mahiaddin as executive chairman and director of the company from tomorrow (April 18), replacing Lee Eng Leong who has resigned. Fakhri, 39, is currently the group ma... ...
Shares hit by China trading clampdown fears
April 17, 2015 07:54:02 pm
LONDON (April 17): Global equities lost ground on Friday, as traders grappled with an outage of Bloomberg financial terminals and fears of a regulatory clampdown on trading in China. Worries that Greece may run out of money as debt repaymen... ...
European shares drop sharply; traders cite China regulation concerns
April 17, 2015 07:40:14 pm
LONDON (April 17): European shares extended losses on Friday, with traders pointing to weakness in Chinese futures markets as one of the drivers of the fall on a trading day also marked by an outage on Bloomberg financial terminals. ...
Gold rises above $1,200 on uncertainty over U.S. rate hike
April 17, 2015 07:37:05 pm
LONDON/SINGAPORE (April 17): Gold edged back above $1,200 an ounce on Friday, but stayed on track for a second straight weekly drop as a run of downbeat U.S. data fuelled uncertainty over the timing of a Federal Reserve rate rise. Expectati... ...
G20 warns of financial volatility risk as central banks diverge
April 17, 2015 07:34:37 pm
WASHINGTON (April 17): The Group of 20 leading economies was set on Friday to warn of a heightened risk of financial volatility as the monetary policies of major central banks begin to go their separate ways. "In an environment of diverging... ...
Malakoff plans RM3.29b sukuk for Tanjung Bin power plant
April 17, 2015 07:32:08 pm
KUALA LUMPUR (Apr 17): Malakoff Corp Bhd, through its indirect wholly-owned subsidiary Tanjung Bin Energy Issuer Bhd (TBE Issuer), plans to raise RM3.29 billion from the sale of Islamic bonds (sukuk) to finance the construction of its 1,000-megawa......
Dollar gets a bruising as investors push back rate hike bets
April 17, 2015 07:30:27 pm
LONDON (April 17): The dollar skidded to a 10-day low against a basket of major currencies on Friday, after a run of weak U.S. economic data that has cast doubt on prospects for a Federal Reserve interest rate rise in the coming months. The... ...
Oil slips below $64 as ample supplies weigh
April 17, 2015 07:10:45 pm
LONDON (Apr 17): Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in U.S. output and Middle East tensions. Brent crude was still within sight of its 2015 ... ...
Philippine falls on foreign selling; others flat to weaker
April 17, 2015 07:09:07 pm
BANGKOK (Apr 17): Southeast Asian stock markets ended flat to weaker on Friday as Philippine stocks slid on selling led by foreign funds and Singapore shares extended losses with investors locking in gains in an overbought market. The Phili... ...
GE posts net loss on finance sale; industrial profit rises
April 17, 2015 06:56:18 pm
(Apr 17): General Electric Co said on Friday its quarterly industrial profit rose 9 percent as it focuses more on its manufacturing businesses, helped by improved profit margins. Overall, GE posted a first-quarter net loss of $13.6 billion,... ...
Fakhri Yassin replaces Lee Eng Leong as chairman of Mulpha Land effective tomorrow
April 17, 2015 06:54:09 pm
Flash: Fakhri Yassin replaces Lee Eng Leong as chairman of Mulpha Land effective tomorrow ...
Palm rises as traders cover short positions
April 17, 2015 06:47:58 pm
JAKARTA (Apr 17): Malaysian palm oil futures edged up on Friday as traders closed short positions before the weekend, but gains were capped by a strengthening ringgit. "The rise is because of short-covering before the weekend," said a trade... ...
Mulpha Land sees 2.19% cross off-market
April 17, 2015 06:45:11 pm
KUALA LUMPUR (Apr 17): Mulpha Land Bhd saw five million shares or a 2.19% stake in the company change hands via two separate off-market trades today. One block of 4.2 million shares was traded at 78 sen per share for a total of RM3.3 millio... ...
Perduren’s shareholders advised to vote in favour of RM81.5m asset disposal
April 17, 2015 06:38:21 pm
KUALA LUMPUR (Apr 17): The shareholders of Perduren (M) Bhd, which is in the midst of a mandatory takeover offer by Datuk Mazlin Md Junid and Datuk Kamaluddin Abdullah, son of former prime minister Tun Abdullah Ahmad Badawi, have been advised to v......
Malakoff eyes regional electricity market post-IPO
April 17, 2015 06:37:54 pm
KUALA LUMPUR (Apr 17): With little room to grow in the local power scene in the medium term, Malakoff Corp Bhd is planning to explore new regional markets where energy insufficiency needs to be addressed, post its initial public offering (I... ...
Malaysia’s MCT speeds up projects on demand for cheaper homes
April 17, 2015 06:29:10 pm
(Apr 17): MCT Bhd., a Malaysian property developer, will accelerate projects that will focus on affordable housing after a new tax boosted demand for cheaper homes. The company, which has 9 billion ringgit ($2.5 billion) of projects ... ...
Nestle first-quarter sales beat estimates on higher prices
April 17, 2015 06:21:00 pm
(Apr 17): Nestle SA, the world’s biggest food maker, followed European peers in reporting first-quarter revenue growth that exceeded estimates as price increases offset weak sales of convenience meals in North America. Organic sales ... ...
Zainal Abidin Salleh is new CEO of KUB Malaysia
April 17, 2015 06:08:55 pm
Flash: Zainal Abidin Salleh is new CEO of KUB Malaysia ...
Sarawak DAP lawmaker calls for end to sugar price-fixing
April 17, 2015 06:02:35 pm
(April 17): Sarawak DAP chairman Chong Chieng Jen has questioned the fixing of the retail price of sugar at RM2.80 per kg when it should be at RM1.60 to reflect the prevailing low price in the global market. The Bandar Kuching MP said the r... ...
Rouble leads emerging currency losses on rate cut hints
April 17, 2015 05:58:35 pm
LONDON (Apr 17): The prospect of deeper interest rate cuts took Russia's rouble more than 2 percent lower on Friday, knocking it off 4-1/2-month highs against the dollar, while Russian equity markets also slipped. The rouble touched a low o... ...
Turkish Airlines says plane lands safely in Istanbul after bomb threat
April 17, 2015 05:58:26 pm
ISTANBUL (Apr 17): A Turkish Airlines plane landed safely in Istanbul after being recalled due to a bomb threat while bound for Basel, a spokeswoman said, the latest in a series of such incidents that have forced the carrier to divert or recall fl......
Property writedown to add to Tesco's turnaround challenge
April 17, 2015 05:51:15 pm
LONDON (Apr 17): Tesco will point to recent signs of recovery when Britain's biggest retailer reports annual results on Wednesday, though an expected big writedown on the value of its stores could highlight the work still needed to mend its financ......
Ringgit completes fourth weekly advance on oil, Fed rate outlook
April 17, 2015 05:47:50 pm
(Apr 17): Malaysia’s ringgit advanced for a fourth week, the longest rally since July, as oil prices rose and on speculation the U.S. will delay interest-rate increases that could trigger outflows from emerging markets. Brent crude was pois... ...
Sedition Act changes breed intolerance, legal bodies say
April 17, 2015 05:43:58 pm
(April 17): The three Bars of Malaysia have jointly denounced the passing of amendments to the Sedition Act at the Dewak Rakyat last week, calling the colonial era-law the antithesis of democracy and warning that the revised law will breed further......
Turkish Airlines says flight called back to Istanbul after bomb threat
April 17, 2015 05:41:50 pm
ISTANBUL (Apr 17): A Turkish Airlines flight bound for Basel was called back to Istanbul on Friday after a bomb threat, a spokeswoman said, the latest in a series of such incidents that have forced the carrier to divert or recall flights. T... ...
Remembering Karpal as friend, family and mentor
April 17, 2015 05:41:44 pm
(April 17): As Malaysians recount the colourful life of the late Karpal Singh on the anniversary of his death today, his friends and former colleagues still feel the void left by the absence of this man known to most as the “Tiger of Jeluto... ...
Even ‘sleeping’ Pak Lah got more votes than Najib, says Dr M
April 17, 2015 05:36:22 pm
(April 16): Tun Dr Mahathir Mohamad continued his attack of Prime Minister Datuk Seri Najib Razak, saying his predecessor Tun Abdullah Ahmad Badawi had performed better electorally despite having a sleep disorder. In an exclusive video inte... ...
KLCI falls on Asian share, US futures decline
April 17, 2015 05:31:25 pm
KUALA LUMPUR (Apr 17): The FBM KLCI erased earlier gains in volatile trade, tracking weaker Asian share markets and decline in US stock futures. The KLCI fell 2.08 points or 0.11% to close at 1,845.86 points on losses in stocks like ... ...
Dutch team find more remains at Ukraine MH17 crash site
April 17, 2015 05:26:22 pm
(April 17): Dutch investigators have recovered more body parts at the MH17 plane crash site in Ukraine after searching a location that was previously inaccessible, the Netherlands announced yesterday. All 298 passengers and crew onboard the... ...
Asian grain mills stick with containers despite higher cost
April 17, 2015 05:23:37 pm
SINGAPORE (Apr 17): Rapid growth in the use of containers to ship grains and oilseeds to Southeast Asia could take a step back this year after a fall in bulk freight rates to record lows, although smaller mills will mostly stick with containers, t......
Gold rises above $1,200 on uncertainty over U.S. rate hike
April 17, 2015 05:23:35 pm
LONDON (Apr 17): Gold edged back above $1,200 an ounce on Friday but stayed on track for a second straight weekly drop as a run of downbeat U.S. data fuelled uncertainty over the timing of the Federal Reserve's first rate rise in nearly a decade....
Perak Speaker suggests dress code clause in standing order regulations
April 17, 2015 05:20:29 pm
(April 17): Perak state assembly speaker Datuk Seri S.K. Devamany will suggest the clause regulating the dress code for assemblymen to the state legislature's Standing Order committee at its meeting next Tuesday. He said the existing regula... ...
Malaysia must do more to prosecute human traffickers, says top US diplomat
April 17, 2015 05:18:56 pm
(April 17): The Malaysian government needs to show greater political will in prosecuting human traffickers and protecting their victims if the country hopes to improve on its currently lowest ranking in the US State Department’s Trafficking in Per......
Prices start to rise in euro zone, easing deflation fears
April 17, 2015 05:18:23 pm
BRUSSELS (Apr 17): Consumer prices in the euro zone rose for the second straight month in March, not enough to pull annual inflation out of negative territory but another positive sign as the currency bloc looks to escape prolonged deflation. ... ...
Oil slips below $64 as ample supplies weigh
April 17, 2015 05:14:17 pm
LONDON (Apr 17): Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in U.S. output and Middle East tensions. Brent crude was still within sight of its 2015 ... ...
Indonesia seeks crude for July-December delivery
April 17, 2015 05:09:21 pm
SINGAPORE (Apr 17): Indonesia's state oil firm Pertamina is seeking crude for delivery between July and December in a tender, a trader with knowledge of the matter said on Friday. Sellers are to deliver 600,000 barrels of either Aseng, Cabi... ...
DAP Youth leader calls Jamil Khir a chauvinist over lonely women comment
April 17, 2015 05:08:55 pm
(April 17): The federal minister who said lonely women were prone to joining the Islamic State (Isis) militant group is a "chauvinist", a DAP youth leader said today. Stating that the reasons for joining the group have more to do with radic... ...
PAS backs us in Permatang Pauh polls, says Dr Wan Azizah
April 17, 2015 05:06:53 pm
(April 17): PKR president Datuk Seri Dr Wan Azizah Wan Ismail has denied media reports that certain quarters in Penang PAS are boycotting next month’s Permatang Pauh by-election. She said she was just told by Permatang Pauh PAS division chi... ...
TOCOM falls on weaker oil and Shanghai futures
April 17, 2015 05:03:53 pm
TOKYO (Apr 17): Benchmark Tokyo rubber futures fell on Friday, weighed down by weaker oil prices and Shanghai futures in lacklustre trade, but managed to eke out their first weekly gain in three. The Tokyo Commodity Exchange (TOCOM) rubber ... ...
Najib, Rosmah sue Rafizi, portal owner over diamond ring remark
April 17, 2015 04:58:17 pm
(April 17): PKR secretary-general Rafizi Ramli has been slapped with a defamation suit by Prime Minister Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor for comments related to fuel prices made at a forum last year. Also... ...
Halcyon Agri to hike rubber prices, may halt SICOM delivery
April 17, 2015 04:57:47 pm
SINGAPORE (Apr 17): Major rubber producer Halcyon Agri Corp Ltd will boost prices sharply for long-term contracts and may end delivery to the Singapore SICOM rubber exchange, according to a letter from Halcyon. The step by Halcyon, which ma... ...
Stocks near all-time highs despite Greek drama
April 17, 2015 04:55:03 pm
LONDON (Apr 17): Global equities were set for their third straight weekly gain on Friday, hovering near fresh all-time highs as cheap central bank cash kept buoying markets and offset fears that Greece may run out of money as debt repayments loom.......
Unisem rises 0.82% on target price upgrade, solid outlook
April 17, 2015 01:16:30 pm
KUALA LUMPUR (Apr 17): Shares on Unisem (M) Bhd rose in the morning session today after AllianceDBS Research Sdn Bhd maintained its “Buy” rating on the stock at RM2.44 with a higher target price of RM3.05 (from RM2.40). At 12.30pm, Unisem r... ...
KLCI struggles to sustain gains
April 17, 2015 01:02:51 pm
KUALA LUMPUR (Apr 16): The FBM KLCI struggled to sustain its gains at the midday break today amidst choppy trade and some profit taking activities. At 12.30pm, the FBM KLCI was up 0.34 points to 1,848.28. The index had earlier climbe... ...
China stocks rise to fresh 7-year highs; Hong Kong also up
April 17, 2015 01:00:01 pm
SHANGHAI (Apr 17): China stocks rose to fresh seven-year highs on Friday morning, on track for their seventh straight week of gains, as investor interest shifts from pricy small caps to blue chips. Investors got a hint of the market's focus... ...
Singapore falls for 2nd day; energy shares lift Thai index
April 17, 2015 12:40:32 pm
BANGKOK (Apr 17): Most Southeast Asian stock markets were range bound on Friday, with overbought Singapore shares heading for a second straight day of fall, while buying in laggard energy shares helped bring Thai benchmark to the highest in... ...
Public Bank among top gainers ahead of 1Q results announcement
April 17, 2015 12:37:37 pm
Public Bank among top gainers ahead of 1Q results announcement ...
China may gain control of South China Sea, U.S. navy says
April 17, 2015 12:31:23 pm
(Apr 17): China’s island building program in the South China Sea may result in it gaining control of some of the world’s most important waterways, the U.S.’s most senior military commander for Asia said. “If this activity continues at pace,... ...
Malaysia's Malakoff IPO institutional offer oversubscribed more than 2 times -sources
April 17, 2015 12:26:41 pm
KUALA LUMPUR (Apr 17): Institutional investors bought into Malaysia's biggest listing in nearly three years, oversubscribing an initial public offering by Malakoff Corporation Bhd worth up to $756 million by more than two times, according t... ...
Singapore exports jump most in 3 yrs on strong US, Europe demand
April 17, 2015 12:23:35 pm
SINGAPORE (Apr 17): Singapore's annual exports in March grew the most in three years, handily beating expectations on surging sales to the United States and Europe, backing this week's decision by the central bank to hold off from further e... ...
Palm oil may test support at 2,114 ringgit
April 17, 2015 12:15:44 pm
SINGAPORE (Apr 17): Palm oil may test support at 2,114 ringgit per tonne, a break below which will lead to a loss to 2,082 ringgit. A rebound from the April 10 low of 2,092 ringgit could have completed, and the preceding downtrend has resum... ...
Tony Fernandes in Time’s list of world’s most influential
April 17, 2015 12:09:21 pm
(Apr 17): AirAsia CEO and co-founder Tan Sri Tony Fernandes has been named among the 100 most influential people in the world by Time magazine. The annual list in its 12th year takes into account activism, innovation and achievements... ...
Asian shares at fresh 7-yr high, look past weak US data
April 17, 2015 12:09:01 pm
TOKYO (Apr 17): An index of Asian shares edged away from fresh seven-year highs on Friday but was still on track to score weekly gains, while the dollar languished after lacklustre U.S. economic data made a near-term interest rate hike appear less......
Naim
Indah's shareholders vote for proposal to provide project management
services to Gateway Klang Project, and proposed diversification and SIS
at EGM
April 17, 2015 11:45:01 am
Naim Indah's shareholders vote in favour of its proposal to provide project management services to the Gateway Klang Project, and proposed diversification and share issuance scheme (SIS) at the EGM. ...
TM up 7 sen after analysts say cheaper broadband is earnings accretive
April 17, 2015 11:19:01 am
KUALA LUMPUR (Apr 17): Telekom Malaysia Bhd (TM) rose as much as seven sen or 1% to RM7.37 after analysts said its proposed cheaper high-speed Internet packages were deemed an earnings accretive move. RHB Research Institute Sdn Bhd a... ...
Sasbadi falls 3.3% on downgrade, limited TP upside
April 17, 2015 11:17:12 am
KUALA LUMPUR (Apr 17): Shares of Sasbadi Holdings Bhd fell in late morning trade today after the stock was downgraded to “Hold” by AllianceDBS Research. At 10.51am, Sasbadi fell 3.35% or 7 sen to RM2.02 with 179,700 shares done. In a... ...
SapuraKencana jumps 2.61% on resuming Shariah stock status, oil prices recovery
April 17, 2015 11:11:01 am
KUALA LUMPUR (Apr 17): Sapurakencana Petroleum Bhd rose as much as 7 sen or 2.61% to RM2.75 as it is set to return to the Securities Commission (SC)'s list of Shariah-compliant securities in May and due to the rebound in oil prices. ... ...
MBSB aspires to be an Islamic bank
April 17, 2015 10:59:31 am
Malaysia Building Society Bhd (April 16, RM2.26)Maintain market perform with a target price of RM2.40: According to media reports, MBSB is aiming to become an Islamic bank in the next five years. It wa... ...
GST playing out as expected for gaming sector
April 17, 2015 10:58:59 am
Gaming sector (April 16) Maintain neutral: Numbers forecast operators (NFOs) have absorbed the 6% goods and services tax (GST) without cutting prize payouts, causing earnings per share (EPS) to be negatively impacted b... ...
IOI’s production affected by monsoon floods
April 17, 2015 10:56:24 am
IOI Corp Bhd (Apr 16, RM4.61)Maintain hold with a lower target price of RM4.05 from RM4.15 previously: We reduce our earnings forecasts by 5% to 12% for financial year 2015 (FY15) to FY17 to factor in ... ...
HyppTV Everywhere increases scale of TM’s IPTV
April 17, 2015 10:52:03 am
Telecommunications (April 16) Maintain neutral for the sector: Telekom Malaysia Bhd (TM) launched HyppTV Everywhere for DiGi.Com Bhd earlier this week. HyppTV Everywhere for DiGi is ... ...
Firmer crude oil movements, FBM KLCI on a rally
April 17, 2015 10:49:24 am
United States markets ended slightly higher on Wednesday after energy shares rose following firmer crude oil movements to a 2015 high. Total industrial output fell more than projected in March as a strong US dollar and cheaper crude oil hurt Ameri......
Malakoff IPO comprises offer for sale of up to 521.74m shares, public issue of 1b new shares
April 17, 2015 10:47:53 am
Malakoff IPO comprises offer for sale of up to 521.74m shares, public issue of 1b new shares ...
Malakoff IPO involves sale of up to 1.52b shares, retail portion priced at RM1.80 each
April 17, 2015 10:45:05 am
Malakoff IPO involves sale of up to 1.52b shares, retail portion priced at RM1.80 each ...
Brent crude oil prices fall as OPEC production soars
April 17, 2015 10:44:44 am
SINGAPORE (Apr 17): Brent crude oil prices fell over a dollar on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. The Organization of the Petroleum Exporting Coun... ...
M’sia’s US$1.5b Islamic bonds oversubscribed, almost seven times
April 17, 2015 10:41:06 am
KUALA LUMPUR: Global investors oversubscribed the Malaysian government’s US$1.5 billion (RM5.48 billion) Islamic bonds, according to the Finance Ministry. In a statement yesterday, Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Ab... ...
Ringgit set for fourth weekly advance on oil, Fed rate outlook
April 17, 2015 10:40:57 am
(Apr 17): Malaysia’s ringgit was set to advance for a fourth week, the longest rally since July, as oil prices rose and on speculation the U.S. will delay interest-rate increases that could trigger outflows from emerging markets. Brent crud... ...
Indonesia flight makes emergency landing, no bomb found
April 17, 2015 10:40:04 am
JAKARTA (Apr 17): An Indonesian Batik Air flight with 122 people on board made an emergency landing in Makassar in South Sulawesi after a suspected bomb threat, a government official said on Friday. No bomb was found on the plane. "I... ...
Hektar REIT looks at organic growth in FY15
April 17, 2015 10:39:22 am
KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT), the country’s first retail-focused REIT, will rely on organic revenue growth via its asset enhancement initiative (AEI) for its financial year ending December (FY15)....
Nikkei drops on weak U.S. data, investors eye earnings next week
April 17, 2015 10:33:05 am
TOKYO (Apr 17): Japan's Nikkei share average dropped on Friday morning after weaker-than-expected U.S. housing data soured the mood, while investors awaited Japanese corporate earnings starting next week. Also dampening sentiment was weakne... ...
KLCC Stapled eyes two multibillion ringgit assets
April 17, 2015 10:27:34 am
Group has first right of refusal for the projects from its parent KUALA LUMPUR: KLCC Stapled Group, which is made up of KLCC Property Holdings Bhd (KLCC Prop) and KLCC Real Estate Investment Trust (KLCC R... ...
Minimal impact on telcos’ profits
April 17, 2015 10:26:11 am
KUALA LUMPUR: The government’s move to cut basic broadband package fees is expected to have minimal impact on the earnings of telecommunications companies (telcos), analysts said. Analysts are of the view that telco players would be able to... ...
BMW Malaysia lowers car and bike prices
April 17, 2015 10:24:33 am
KUALA LUMPUR: German pre-mium automaker BMW Malaysia Sdn Bhd has reduced the prices of its BMW and MINI vehicles by up to 1.9% following the implementation of the goods and services tax (GST) on April 1. It is joining the ranks of most othe... ...
TH Heavy falls 4.17% after Quek ceases to be substantial shareholder
April 17, 2015 10:22:03 am
KUALA LUMPUR: TH Heavy Engineering Bhd, which is involved in the fabrication of offshore oil and gas (O&G) facilities, saw its share price fall 1.5 sen or 4.17% yesterday to 34.5 sen, with about 16.3 million shares traded, a day after banking ... ...
Select blue chips lift KLCI
April 17, 2015 10:18:25 am
KUALA LUMPUR (April 16): The FBM KLCI rose at mid-morning today, lifted by gains at select blue chips. At 10am, the FBM KLCI was up 3.38 points to 1,851.32. The top gainers included British American Tobacco (M) Bhd, Syarikat Takaful ... ...
Deutsche Bank: GST came at favourable time for Malaysia
April 17, 2015 10:17:57 am
KUALA LUMPUR: The implementation of the goods and services tax (GST) came at a favourable time for Malaysia when inflation is likely to take off from a record low, according to Deutsche Bank. In its Asia Economics Monthly report titled “Fad... ...
Why quick to probe tweets, nothing on Jho Low over 1MDB, DAP asks IGP
April 17, 2015 10:14:55 am
KUALA LUMPUR (Apr 17): Despite police reports being filed against state investment arm 1Malaysia Development Bhd (1MDB) since last December, police have yet to summon businessman Low Taek Jho to investigate the massive financial scandal in ... ...
Eco World strengthens position up north
April 17, 2015 10:14:03 am
KUALA LUMPUR: Eco World Development Group Bhd is strengthening its hold up north with the proposed development of the Eco Marina development on Batu Kawan island in Seberang Perai in mainland Penang. Yesterday, Eco World (fundamental: 0.5; ... ...
Engtex shares advance on positive outlook for company
April 17, 2015 10:11:47 am
KUALA LUMPUR (April 17): Shares of Engtex Group Bhd rose this morning and were actively traded after Hong Leong IB Research the stock at RM1.25 and said it forecasted Engtex’s earnings to grow by CAGR of 7% from FY14 to FY17. At 9.51am, En... ...
Penang Sky Cab study to be completed in five to six months
April 17, 2015 10:06:15 am
KUALA LUMPUR: Penang Sentral Sdn Bhd (PSSB), tasked to develop the RM2.05 billion Penang Sentral mixed project with an integrated transport hub in the northern state, will take about five to six months to complete a study on the proposed Penang Sk......
Najib ignored me for six months, says Dr M
April 17, 2015 10:06:11 am
KUALA LUMPUR: Tun Dr Mahathir Mohamad said he was given the cold shoulder for six months after questioning Prime Minister Datuk Seri Najib Razak about the delay of the “crooked bridge” project in the Johor Strait, the former prime minister told we......
Survey shows 50% of voters lack confidence in Putrajaya’s handling of 1MDB
April 17, 2015 10:05:33 am
KUALA LUMPUR (Apr 17): Nearly half of voters polled in a recent survey said they lacked confidence in the government's handing of financial scandals involving Putrajaya's strategic development fund, 1Malaysia Development Bhd, while 33% said... ...
O&G stocks rally as Brent crude hits 2015 high
April 17, 2015 10:05:30 am
KUALA LUMPUR: Oil and gas (O&G) stocks on Bursa Malaysia rallied yesterday, as Brent crude hit a 2015 high of above US$63 (RM230) per barrel. At market close yesterday, O&G big caps SapuraKencana Petroleum Bhd (fundamental: 1.3; val... ...
CICM symposium on hazards
April 17, 2015 10:05:00 am
KUALA LUMPUR: A weak economy is usually associated with more safety incidents in various industries and this calls for better safety measures to be taken before disaster strikes. With more than 150 deaths and serious injuries in the Malaysi... ...
Most Asian stocks retreat after surge; Oil heads for weekly jump
April 17, 2015 09:51:30 am
WELLINGTON/TOKYO (Apr 17): Most Asian stocks fell, with Japanese shares slipping from a more than seven-year high, while the dollar held declines amid concern over the U.S. recovery. Crude oil headed for its best week since at least 2011....
SapuraKencana shares up 3% on crude oil prices
April 17, 2015 09:42:03 am
SapuraKencana shares up 3% on crude oil prices ...
IFCA MSC rises 1.23% on firm outlook, target price upgrade
April 17, 2015 09:39:35 am
KUALA LUMPUR (April 17): Shares of IFCA MSC Bhd rose in early trade today on the back of positive outlook for the company and target price upgrade by CIMB Research. At 9.20am, IFCA MSC was up two sen to RM1.64 with 533, 500 shares traded....
Oil prices fall as OPEC production soars
April 17, 2015 09:31:05 am
SINGAPORE (Apr 17): Oil prices fell in early trading on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. The Organization of the Petroleum Exporting Count... ...
MIDF Research expects better market environment for IPOs
April 17, 2015 09:30:56 am
KUALA LUMPUR (April 17): MIDF Research has maintained its FBM KLCI 2015 year-end target at 1,900 points and said the rising trend of capital raising via rights issuances has yet to show any signs of exhaustion. In a strategy note today, the... ...
KLCI sees limited gains in early trade
April 17, 2015 09:18:21 am
KUALA LUMPUR (April 17): The FBM KLCI edged up marginally in early trade today, in line with most regional markets. At 9am, the FBM KLCI was up 0.15 points to 1,848.09. The early gainers included British American Tobacco (M) B... ...
MIDF Research starts coverage on KLCC Stapled Group, target RM6.88
April 17, 2015 09:13:35 am
KUALA LUMPUR (April 17): MIDF Research has initiated coverage on KLCC Stapled Group with a “Neutral” rating and target price of RM6.88 and said it was the largest REIT in Malaysia with a market cap of RM12.9 billion. In a note today, the re... ...
MBPJ cancels application to develop PKNS field
April 17, 2015 08:44:09 am
KUALA LUMPUR: The Petaling Jaya City Council (MBPJ) has cancelled an application to develop the 7.5ha PKNS Sports Complex in Kelana Jaya, Selangor, saying that it is against the law to do so on a recreational space. The council’s one... ...
Asian shares at fresh 7-yr high, look past weak US data
April 17, 2015 08:38:14 am
TOKYO (April 17): Asian shares edged up in early trade on Friday, on track to score weekly gains and shrugging off a languid performance on Wall Street after another set of lacklustre U.S. economic data. MSCI's broadest index of Asia-Pacifi... ...
Low likelihood of negative earnings surprise for Gas Malaysia, says AffinHwang Capital
April 17, 2015 08:32:25 am
KUALA LUMPUR (April 17): AffinHwang Capital Research has maintained its “Hold” rating on Gas Malaysia Bhd (GMB) at RM2.68 with a target price of RM2.50 and said it believed there was a low likelihood of negative earnings surprise for GMB’s upcomin......
HLIB Research values Engtex at RM1.25
April 17, 2015 08:26:25 am
KUALA LUMPUR (April 17): Hong Leong IB Research has valued Engtex Group Bhd at RM1.25 and said it forecasted Engtex’s earnings to grow by CAGR of 7% from FY14 to FY17. Engtex is involved in the wholesale and distribution of pipes, valves an... ...
HLIB Research maintains Buy on Sasbadi, ups target to RM2.42
April 17, 2015 08:17:17 am
KUALA LUMPUR (April 17): Hong Leong IB Research has maintained its “Buy” rating on Sasbadi Holdings Bhd at RM2.09 with a higher target price of RM2.42 (from RM2.06) after Sasbadi announced that it has received a Letter of Acceptance dated from the......
Airline profit expectations remain positive, says IATA
April 17, 2015 07:28:19 am
KUALA LUMPUR (April 17): Airline profit expectations for the year ahead remain positive, consistent with improvements in recent performance, according to the International Air Transport Association’s (IATA) quarterly survey of airline CFOs and hea......
KLCI to trend modestly higher, gains seen limited
April 17, 2015 07:22:52 am
KUALA LUMPUR (April 17): The FBM KLCI is expected to trend modestly higher today on impoved buying sentiment at the local bourse, but gains are seen limited on the back of the weaker overnight close at Wall Street. Wall Street equities fini... ...
Wall St holds steady, oil rises and dollar declines
April 17, 2015 07:10:21 am
NEW YORK (April 17): Wall Street equities finished modestly lower on Thursday as investors worried about coming corporate results, while European stocks fell nearly 1 percent under the weight of Greece's worsening financial predicament. Eur... ...
Goldman reports highest profit in 5 years as trading picks up
April 17, 2015 12:22:45 am
(April 16): Goldman Sachs Group Inc reported its best quarterly profit in five years on Thursday, notching up big gains from trading bonds and currencies as global markets gyrated during the first three months of the year. Trading got a boo... ...
IMF's Lagarde says Greece should not delay payments
April 17, 2015 12:20:18 am
WASHINGTON (April 16): The head of the International Monetary Fund on Thursday signaled she would not grant a payment delay to Greece, as it had never been done for an advanced economy and the Fund should protect its safe reputation. IMF Ma... ...
High-speed trading firm Virtu Financial jumps in market debut
April 17, 2015 12:15:47 am
(April 16): Shares of electronic trading firm Virtu Financial Inc rose as much as 24.6 percent in their debut in a sign that public angst over "high-frequency" trading is waning. Virtu Financial's shares touched a high of $23.67 on Thursday... ...
Crafts website company Etsy valued at $4 bln in market debut
April 17, 2015 12:14:51 am
(April 16): Shares of Etsy Inc, an online marketplace for handmade goods and crafts, more than doubled in their debut on Thursday, valuing the company at about $4 billion. The company's offering of about 16.7 million shares raised about $26... ...
April 17, 2015 11:25:28 pm
(April 17): Former prime minister Tun Dr Mahathir Mohamad, Kelantan prince Tan Sri Tengku Razaleigh Hamzah and jailed opposition leader Datuk Seri Anwar Ibrahim should work together to save the country, a former minister wrote on his blog today....
April 17, 2015 11:23:40 pm
ATHENS (April 17): Greece will need to tap all the remaining cash reserves across its public sector — a total of 2 billion euros — to pay civil service wages and pensions at the end of the month, according to finance ministry officials. Bar... ...
April 17, 2015 11:19:37 pm
(April 17): A travel and tours company, believed to be linked to Uber, is facing two charges of operating vehicles and ferrying passengers without licence, at the Kuala Lumpur International Airport 2 terminal. Trupio Tour Sdn Bhd is said to... ...
April 17, 2015 11:15:15 pm
(April 17): The wife of Malaysian trekker Dennis Lee Thian Poh who has been missing for 12 days is struggling to hold on to hope. Jennifer Peters made fliers with Lee’s picture with an offer of a reward to be distributed to local Nepali vil... ...
April 17, 2015 11:07:23 pm
LONDON (April 17): Tin recovered on Friday after tumbling to its lowest point since 2009 as a sell-off triggered by worries about a supply glut and weak demand gathered pace, while copper gained on hopes of stronger demand. Three-month tin ... ...
April 17, 2015 11:02:57 pm
WASHINGTON (April 17): The following are highlights of the International Monetary Fund and World Bank meetings on Friday in Washington, where finance ministers, central bankers and other top officials are gathering. From draf... ...
April 17, 2015 10:57:58 pm
TOKYO/BEIJING (April 17): Japan and the United States will hold cabinet-level trade talks from this weekend, but are unlikely to seal a final deal, seen as crucial for a broader trans-Pacific free trade pact, by a summit this month, Japanese Econo......
April 17, 2015 10:55:06 pm
KUALA LUMPUR: Samsung Malaysia Electronics Sdn Bhd will be re-stocking the Samsung Galaxy S6 Edge in Gold Platinum to meet the overwhelming response from Malaysian consumers, reported Bernama today. "The pre-orders for both Samsung Galaxy S... ...
April 17, 2015 10:53:57 pm
LONDON/SINGAPORE (April 17): Oil prices repaired early losses to rally above $64 on Friday due to the conflict in Yemen. Brent crude was within sight of its 2015 high reached on Thursday and has rallied 16 percent in April, supported... ...
April 17, 2015 10:47:23 pm
LONDON (April 17): OPEC should consider re-introducing individual output quotas, shuffled quietly to one side in 2008, to prevent oversupply hitting prices should Iran increase its oil exports following a deal over its nuclear work, an OPEC... (funct...
April 17, 2015 08:02:11 pm
KUALA LUMPUR (April 17): Malaysia's DRB-HICOM, owner of the country's automobile manufacturer Proton, has entered into a joint venture contract with a Chinese firm, the company said in a bourse filing on Friday. DRB-HICOM's subsidiar... ...
April 17, 2015 07:58:01 pm
KUALA LUMPUR (April 17): Mulpha Land Bhd has appointed Datuk Fakhri Yassin Mahiaddin as executive chairman and director of the company from tomorrow (April 18), replacing Lee Eng Leong who has resigned. Fakhri, 39, is currently the group ma... ...
April 17, 2015 07:54:02 pm
LONDON (April 17): Global equities lost ground on Friday, as traders grappled with an outage of Bloomberg financial terminals and fears of a regulatory clampdown on trading in China. Worries that Greece may run out of money as debt repaymen... ...
April 17, 2015 07:40:14 pm
LONDON (April 17): European shares extended losses on Friday, with traders pointing to weakness in Chinese futures markets as one of the drivers of the fall on a trading day also marked by an outage on Bloomberg financial terminals. ...
April 17, 2015 07:37:05 pm
LONDON/SINGAPORE (April 17): Gold edged back above $1,200 an ounce on Friday, but stayed on track for a second straight weekly drop as a run of downbeat U.S. data fuelled uncertainty over the timing of a Federal Reserve rate rise. Expectati... ...
April 17, 2015 07:34:37 pm
WASHINGTON (April 17): The Group of 20 leading economies was set on Friday to warn of a heightened risk of financial volatility as the monetary policies of major central banks begin to go their separate ways. "In an environment of diverging... ...
April 17, 2015 07:32:08 pm
KUALA LUMPUR (Apr 17): Malakoff Corp Bhd, through its indirect wholly-owned subsidiary Tanjung Bin Energy Issuer Bhd (TBE Issuer), plans to raise RM3.29 billion from the sale of Islamic bonds (sukuk) to finance the construction of its 1,000-megawa......
April 17, 2015 07:30:27 pm
LONDON (April 17): The dollar skidded to a 10-day low against a basket of major currencies on Friday, after a run of weak U.S. economic data that has cast doubt on prospects for a Federal Reserve interest rate rise in the coming months. The... ...
April 17, 2015 07:10:45 pm
LONDON (Apr 17): Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in U.S. output and Middle East tensions. Brent crude was still within sight of its 2015 ... ...
April 17, 2015 07:09:07 pm
BANGKOK (Apr 17): Southeast Asian stock markets ended flat to weaker on Friday as Philippine stocks slid on selling led by foreign funds and Singapore shares extended losses with investors locking in gains in an overbought market. The Phili... ...
April 17, 2015 06:56:18 pm
(Apr 17): General Electric Co said on Friday its quarterly industrial profit rose 9 percent as it focuses more on its manufacturing businesses, helped by improved profit margins. Overall, GE posted a first-quarter net loss of $13.6 billion,... ...
April 17, 2015 06:54:09 pm
Flash: Fakhri Yassin replaces Lee Eng Leong as chairman of Mulpha Land effective tomorrow ...
April 17, 2015 06:47:58 pm
JAKARTA (Apr 17): Malaysian palm oil futures edged up on Friday as traders closed short positions before the weekend, but gains were capped by a strengthening ringgit. "The rise is because of short-covering before the weekend," said a trade... ...
April 17, 2015 06:45:11 pm
KUALA LUMPUR (Apr 17): Mulpha Land Bhd saw five million shares or a 2.19% stake in the company change hands via two separate off-market trades today. One block of 4.2 million shares was traded at 78 sen per share for a total of RM3.3 millio... ...
April 17, 2015 06:38:21 pm
KUALA LUMPUR (Apr 17): The shareholders of Perduren (M) Bhd, which is in the midst of a mandatory takeover offer by Datuk Mazlin Md Junid and Datuk Kamaluddin Abdullah, son of former prime minister Tun Abdullah Ahmad Badawi, have been advised to v......
April 17, 2015 06:37:54 pm
KUALA LUMPUR (Apr 17): With little room to grow in the local power scene in the medium term, Malakoff Corp Bhd is planning to explore new regional markets where energy insufficiency needs to be addressed, post its initial public offering (I... ...
April 17, 2015 06:29:10 pm
(Apr 17): MCT Bhd., a Malaysian property developer, will accelerate projects that will focus on affordable housing after a new tax boosted demand for cheaper homes. The company, which has 9 billion ringgit ($2.5 billion) of projects ... ...
April 17, 2015 06:21:00 pm
(Apr 17): Nestle SA, the world’s biggest food maker, followed European peers in reporting first-quarter revenue growth that exceeded estimates as price increases offset weak sales of convenience meals in North America. Organic sales ... ...
April 17, 2015 06:08:55 pm
Flash: Zainal Abidin Salleh is new CEO of KUB Malaysia ...
April 17, 2015 06:02:35 pm
(April 17): Sarawak DAP chairman Chong Chieng Jen has questioned the fixing of the retail price of sugar at RM2.80 per kg when it should be at RM1.60 to reflect the prevailing low price in the global market. The Bandar Kuching MP said the r... ...
April 17, 2015 05:58:35 pm
LONDON (Apr 17): The prospect of deeper interest rate cuts took Russia's rouble more than 2 percent lower on Friday, knocking it off 4-1/2-month highs against the dollar, while Russian equity markets also slipped. The rouble touched a low o... ...
April 17, 2015 05:58:26 pm
ISTANBUL (Apr 17): A Turkish Airlines plane landed safely in Istanbul after being recalled due to a bomb threat while bound for Basel, a spokeswoman said, the latest in a series of such incidents that have forced the carrier to divert or recall fl......
April 17, 2015 05:51:15 pm
LONDON (Apr 17): Tesco will point to recent signs of recovery when Britain's biggest retailer reports annual results on Wednesday, though an expected big writedown on the value of its stores could highlight the work still needed to mend its financ......
April 17, 2015 05:47:50 pm
(Apr 17): Malaysia’s ringgit advanced for a fourth week, the longest rally since July, as oil prices rose and on speculation the U.S. will delay interest-rate increases that could trigger outflows from emerging markets. Brent crude was pois... ...
April 17, 2015 05:43:58 pm
(April 17): The three Bars of Malaysia have jointly denounced the passing of amendments to the Sedition Act at the Dewak Rakyat last week, calling the colonial era-law the antithesis of democracy and warning that the revised law will breed further......
April 17, 2015 05:41:50 pm
ISTANBUL (Apr 17): A Turkish Airlines flight bound for Basel was called back to Istanbul on Friday after a bomb threat, a spokeswoman said, the latest in a series of such incidents that have forced the carrier to divert or recall flights. T... ...
April 17, 2015 05:41:44 pm
(April 17): As Malaysians recount the colourful life of the late Karpal Singh on the anniversary of his death today, his friends and former colleagues still feel the void left by the absence of this man known to most as the “Tiger of Jeluto... ...
April 17, 2015 05:36:22 pm
(April 16): Tun Dr Mahathir Mohamad continued his attack of Prime Minister Datuk Seri Najib Razak, saying his predecessor Tun Abdullah Ahmad Badawi had performed better electorally despite having a sleep disorder. In an exclusive video inte... ...
April 17, 2015 05:31:25 pm
KUALA LUMPUR (Apr 17): The FBM KLCI erased earlier gains in volatile trade, tracking weaker Asian share markets and decline in US stock futures. The KLCI fell 2.08 points or 0.11% to close at 1,845.86 points on losses in stocks like ... ...
April 17, 2015 05:26:22 pm
(April 17): Dutch investigators have recovered more body parts at the MH17 plane crash site in Ukraine after searching a location that was previously inaccessible, the Netherlands announced yesterday. All 298 passengers and crew onboard the... ...
April 17, 2015 05:23:37 pm
SINGAPORE (Apr 17): Rapid growth in the use of containers to ship grains and oilseeds to Southeast Asia could take a step back this year after a fall in bulk freight rates to record lows, although smaller mills will mostly stick with containers, t......
April 17, 2015 05:23:35 pm
LONDON (Apr 17): Gold edged back above $1,200 an ounce on Friday but stayed on track for a second straight weekly drop as a run of downbeat U.S. data fuelled uncertainty over the timing of the Federal Reserve's first rate rise in nearly a decade....
April 17, 2015 05:20:29 pm
(April 17): Perak state assembly speaker Datuk Seri S.K. Devamany will suggest the clause regulating the dress code for assemblymen to the state legislature's Standing Order committee at its meeting next Tuesday. He said the existing regula... ...
April 17, 2015 05:18:56 pm
(April 17): The Malaysian government needs to show greater political will in prosecuting human traffickers and protecting their victims if the country hopes to improve on its currently lowest ranking in the US State Department’s Trafficking in Per......
April 17, 2015 05:18:23 pm
BRUSSELS (Apr 17): Consumer prices in the euro zone rose for the second straight month in March, not enough to pull annual inflation out of negative territory but another positive sign as the currency bloc looks to escape prolonged deflation. ... ...
April 17, 2015 05:14:17 pm
LONDON (Apr 17): Oil eased below $64 a barrel on Friday as evidence this week of rising crude supplies from OPEC members outweighed signs of a slowdown in U.S. output and Middle East tensions. Brent crude was still within sight of its 2015 ... ...
April 17, 2015 05:09:21 pm
SINGAPORE (Apr 17): Indonesia's state oil firm Pertamina is seeking crude for delivery between July and December in a tender, a trader with knowledge of the matter said on Friday. Sellers are to deliver 600,000 barrels of either Aseng, Cabi... ...
April 17, 2015 05:08:55 pm
(April 17): The federal minister who said lonely women were prone to joining the Islamic State (Isis) militant group is a "chauvinist", a DAP youth leader said today. Stating that the reasons for joining the group have more to do with radic... ...
April 17, 2015 05:06:53 pm
(April 17): PKR president Datuk Seri Dr Wan Azizah Wan Ismail has denied media reports that certain quarters in Penang PAS are boycotting next month’s Permatang Pauh by-election. She said she was just told by Permatang Pauh PAS division chi... ...
April 17, 2015 05:03:53 pm
TOKYO (Apr 17): Benchmark Tokyo rubber futures fell on Friday, weighed down by weaker oil prices and Shanghai futures in lacklustre trade, but managed to eke out their first weekly gain in three. The Tokyo Commodity Exchange (TOCOM) rubber ... ...
April 17, 2015 04:58:17 pm
(April 17): PKR secretary-general Rafizi Ramli has been slapped with a defamation suit by Prime Minister Datuk Seri Najib Razak and his wife Datin Seri Rosmah Mansor for comments related to fuel prices made at a forum last year. Also... ...
April 17, 2015 04:57:47 pm
SINGAPORE (Apr 17): Major rubber producer Halcyon Agri Corp Ltd will boost prices sharply for long-term contracts and may end delivery to the Singapore SICOM rubber exchange, according to a letter from Halcyon. The step by Halcyon, which ma... ...
April 17, 2015 04:55:03 pm
LONDON (Apr 17): Global equities were set for their third straight weekly gain on Friday, hovering near fresh all-time highs as cheap central bank cash kept buoying markets and offset fears that Greece may run out of money as debt repayments loom.......
April 17, 2015 01:16:30 pm
KUALA LUMPUR (Apr 17): Shares on Unisem (M) Bhd rose in the morning session today after AllianceDBS Research Sdn Bhd maintained its “Buy” rating on the stock at RM2.44 with a higher target price of RM3.05 (from RM2.40). At 12.30pm, Unisem r... ...
April 17, 2015 01:02:51 pm
KUALA LUMPUR (Apr 16): The FBM KLCI struggled to sustain its gains at the midday break today amidst choppy trade and some profit taking activities. At 12.30pm, the FBM KLCI was up 0.34 points to 1,848.28. The index had earlier climbe... ...
April 17, 2015 01:00:01 pm
SHANGHAI (Apr 17): China stocks rose to fresh seven-year highs on Friday morning, on track for their seventh straight week of gains, as investor interest shifts from pricy small caps to blue chips. Investors got a hint of the market's focus... ...
April 17, 2015 12:40:32 pm
BANGKOK (Apr 17): Most Southeast Asian stock markets were range bound on Friday, with overbought Singapore shares heading for a second straight day of fall, while buying in laggard energy shares helped bring Thai benchmark to the highest in... ...
April 17, 2015 12:37:37 pm
Public Bank among top gainers ahead of 1Q results announcement ...
April 17, 2015 12:31:23 pm
(Apr 17): China’s island building program in the South China Sea may result in it gaining control of some of the world’s most important waterways, the U.S.’s most senior military commander for Asia said. “If this activity continues at pace,... ...
April 17, 2015 12:26:41 pm
KUALA LUMPUR (Apr 17): Institutional investors bought into Malaysia's biggest listing in nearly three years, oversubscribing an initial public offering by Malakoff Corporation Bhd worth up to $756 million by more than two times, according t... ...
April 17, 2015 12:23:35 pm
SINGAPORE (Apr 17): Singapore's annual exports in March grew the most in three years, handily beating expectations on surging sales to the United States and Europe, backing this week's decision by the central bank to hold off from further e... ...
April 17, 2015 12:15:44 pm
SINGAPORE (Apr 17): Palm oil may test support at 2,114 ringgit per tonne, a break below which will lead to a loss to 2,082 ringgit. A rebound from the April 10 low of 2,092 ringgit could have completed, and the preceding downtrend has resum... ...
April 17, 2015 12:09:21 pm
(Apr 17): AirAsia CEO and co-founder Tan Sri Tony Fernandes has been named among the 100 most influential people in the world by Time magazine. The annual list in its 12th year takes into account activism, innovation and achievements... ...
April 17, 2015 12:09:01 pm
TOKYO (Apr 17): An index of Asian shares edged away from fresh seven-year highs on Friday but was still on track to score weekly gains, while the dollar languished after lacklustre U.S. economic data made a near-term interest rate hike appear less......
April 17, 2015 11:45:01 am
Naim Indah's shareholders vote in favour of its proposal to provide project management services to the Gateway Klang Project, and proposed diversification and share issuance scheme (SIS) at the EGM. ...
April 17, 2015 11:19:01 am
KUALA LUMPUR (Apr 17): Telekom Malaysia Bhd (TM) rose as much as seven sen or 1% to RM7.37 after analysts said its proposed cheaper high-speed Internet packages were deemed an earnings accretive move. RHB Research Institute Sdn Bhd a... ...
April 17, 2015 11:17:12 am
KUALA LUMPUR (Apr 17): Shares of Sasbadi Holdings Bhd fell in late morning trade today after the stock was downgraded to “Hold” by AllianceDBS Research. At 10.51am, Sasbadi fell 3.35% or 7 sen to RM2.02 with 179,700 shares done. In a... ...
April 17, 2015 11:11:01 am
KUALA LUMPUR (Apr 17): Sapurakencana Petroleum Bhd rose as much as 7 sen or 2.61% to RM2.75 as it is set to return to the Securities Commission (SC)'s list of Shariah-compliant securities in May and due to the rebound in oil prices. ... ...
April 17, 2015 10:59:31 am
Malaysia Building Society Bhd (April 16, RM2.26)Maintain market perform with a target price of RM2.40: According to media reports, MBSB is aiming to become an Islamic bank in the next five years. It wa... ...
April 17, 2015 10:58:59 am
Gaming sector (April 16) Maintain neutral: Numbers forecast operators (NFOs) have absorbed the 6% goods and services tax (GST) without cutting prize payouts, causing earnings per share (EPS) to be negatively impacted b... ...
April 17, 2015 10:56:24 am
IOI Corp Bhd (Apr 16, RM4.61)Maintain hold with a lower target price of RM4.05 from RM4.15 previously: We reduce our earnings forecasts by 5% to 12% for financial year 2015 (FY15) to FY17 to factor in ... ...
April 17, 2015 10:52:03 am
Telecommunications (April 16) Maintain neutral for the sector: Telekom Malaysia Bhd (TM) launched HyppTV Everywhere for DiGi.Com Bhd earlier this week. HyppTV Everywhere for DiGi is ... ...
April 17, 2015 10:49:24 am
United States markets ended slightly higher on Wednesday after energy shares rose following firmer crude oil movements to a 2015 high. Total industrial output fell more than projected in March as a strong US dollar and cheaper crude oil hurt Ameri......
April 17, 2015 10:47:53 am
Malakoff IPO comprises offer for sale of up to 521.74m shares, public issue of 1b new shares ...
April 17, 2015 10:45:05 am
Malakoff IPO involves sale of up to 1.52b shares, retail portion priced at RM1.80 each ...
April 17, 2015 10:44:44 am
SINGAPORE (Apr 17): Brent crude oil prices fell over a dollar on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. The Organization of the Petroleum Exporting Coun... ...
April 17, 2015 10:41:06 am
KUALA LUMPUR: Global investors oversubscribed the Malaysian government’s US$1.5 billion (RM5.48 billion) Islamic bonds, according to the Finance Ministry. In a statement yesterday, Treasury secretary-general Tan Sri Dr Mohd Irwan Serigar Ab... ...
April 17, 2015 10:40:57 am
(Apr 17): Malaysia’s ringgit was set to advance for a fourth week, the longest rally since July, as oil prices rose and on speculation the U.S. will delay interest-rate increases that could trigger outflows from emerging markets. Brent crud... ...
April 17, 2015 10:40:04 am
JAKARTA (Apr 17): An Indonesian Batik Air flight with 122 people on board made an emergency landing in Makassar in South Sulawesi after a suspected bomb threat, a government official said on Friday. No bomb was found on the plane. "I... ...
April 17, 2015 10:39:22 am
KUALA LUMPUR: Hektar Real Estate Investment Trust (Hektar REIT), the country’s first retail-focused REIT, will rely on organic revenue growth via its asset enhancement initiative (AEI) for its financial year ending December (FY15)....
April 17, 2015 10:33:05 am
TOKYO (Apr 17): Japan's Nikkei share average dropped on Friday morning after weaker-than-expected U.S. housing data soured the mood, while investors awaited Japanese corporate earnings starting next week. Also dampening sentiment was weakne... ...
April 17, 2015 10:27:34 am
Group has first right of refusal for the projects from its parent KUALA LUMPUR: KLCC Stapled Group, which is made up of KLCC Property Holdings Bhd (KLCC Prop) and KLCC Real Estate Investment Trust (KLCC R... ...
April 17, 2015 10:26:11 am
KUALA LUMPUR: The government’s move to cut basic broadband package fees is expected to have minimal impact on the earnings of telecommunications companies (telcos), analysts said. Analysts are of the view that telco players would be able to... ...
April 17, 2015 10:24:33 am
KUALA LUMPUR: German pre-mium automaker BMW Malaysia Sdn Bhd has reduced the prices of its BMW and MINI vehicles by up to 1.9% following the implementation of the goods and services tax (GST) on April 1. It is joining the ranks of most othe... ...
April 17, 2015 10:22:03 am
KUALA LUMPUR: TH Heavy Engineering Bhd, which is involved in the fabrication of offshore oil and gas (O&G) facilities, saw its share price fall 1.5 sen or 4.17% yesterday to 34.5 sen, with about 16.3 million shares traded, a day after banking ... ...
April 17, 2015 10:18:25 am
KUALA LUMPUR (April 16): The FBM KLCI rose at mid-morning today, lifted by gains at select blue chips. At 10am, the FBM KLCI was up 3.38 points to 1,851.32. The top gainers included British American Tobacco (M) Bhd, Syarikat Takaful ... ...
April 17, 2015 10:17:57 am
KUALA LUMPUR: The implementation of the goods and services tax (GST) came at a favourable time for Malaysia when inflation is likely to take off from a record low, according to Deutsche Bank. In its Asia Economics Monthly report titled “Fad... ...
April 17, 2015 10:14:55 am
KUALA LUMPUR (Apr 17): Despite police reports being filed against state investment arm 1Malaysia Development Bhd (1MDB) since last December, police have yet to summon businessman Low Taek Jho to investigate the massive financial scandal in ... ...
April 17, 2015 10:14:03 am
KUALA LUMPUR: Eco World Development Group Bhd is strengthening its hold up north with the proposed development of the Eco Marina development on Batu Kawan island in Seberang Perai in mainland Penang. Yesterday, Eco World (fundamental: 0.5; ... ...
April 17, 2015 10:11:47 am
KUALA LUMPUR (April 17): Shares of Engtex Group Bhd rose this morning and were actively traded after Hong Leong IB Research the stock at RM1.25 and said it forecasted Engtex’s earnings to grow by CAGR of 7% from FY14 to FY17. At 9.51am, En... ...
April 17, 2015 10:06:15 am
KUALA LUMPUR: Penang Sentral Sdn Bhd (PSSB), tasked to develop the RM2.05 billion Penang Sentral mixed project with an integrated transport hub in the northern state, will take about five to six months to complete a study on the proposed Penang Sk......
April 17, 2015 10:06:11 am
KUALA LUMPUR: Tun Dr Mahathir Mohamad said he was given the cold shoulder for six months after questioning Prime Minister Datuk Seri Najib Razak about the delay of the “crooked bridge” project in the Johor Strait, the former prime minister told we......
April 17, 2015 10:05:33 am
KUALA LUMPUR (Apr 17): Nearly half of voters polled in a recent survey said they lacked confidence in the government's handing of financial scandals involving Putrajaya's strategic development fund, 1Malaysia Development Bhd, while 33% said... ...
April 17, 2015 10:05:30 am
KUALA LUMPUR: Oil and gas (O&G) stocks on Bursa Malaysia rallied yesterday, as Brent crude hit a 2015 high of above US$63 (RM230) per barrel. At market close yesterday, O&G big caps SapuraKencana Petroleum Bhd (fundamental: 1.3; val... ...
April 17, 2015 10:05:00 am
KUALA LUMPUR: A weak economy is usually associated with more safety incidents in various industries and this calls for better safety measures to be taken before disaster strikes. With more than 150 deaths and serious injuries in the Malaysi... ...
April 17, 2015 09:51:30 am
WELLINGTON/TOKYO (Apr 17): Most Asian stocks fell, with Japanese shares slipping from a more than seven-year high, while the dollar held declines amid concern over the U.S. recovery. Crude oil headed for its best week since at least 2011....
April 17, 2015 09:42:03 am
SapuraKencana shares up 3% on crude oil prices ...
April 17, 2015 09:39:35 am
KUALA LUMPUR (April 17): Shares of IFCA MSC Bhd rose in early trade today on the back of positive outlook for the company and target price upgrade by CIMB Research. At 9.20am, IFCA MSC was up two sen to RM1.64 with 533, 500 shares traded....
April 17, 2015 09:31:05 am
SINGAPORE (Apr 17): Oil prices fell in early trading on Friday, ending a run of rallies earlier in the week, after OPEC said that its output surged in March, adding to a global glut. The Organization of the Petroleum Exporting Count... ...
April 17, 2015 09:30:56 am
KUALA LUMPUR (April 17): MIDF Research has maintained its FBM KLCI 2015 year-end target at 1,900 points and said the rising trend of capital raising via rights issuances has yet to show any signs of exhaustion. In a strategy note today, the... ...
April 17, 2015 09:18:21 am
KUALA LUMPUR (April 17): The FBM KLCI edged up marginally in early trade today, in line with most regional markets. At 9am, the FBM KLCI was up 0.15 points to 1,848.09. The early gainers included British American Tobacco (M) B... ...
April 17, 2015 09:13:35 am
KUALA LUMPUR (April 17): MIDF Research has initiated coverage on KLCC Stapled Group with a “Neutral” rating and target price of RM6.88 and said it was the largest REIT in Malaysia with a market cap of RM12.9 billion. In a note today, the re... ...
April 17, 2015 08:44:09 am
KUALA LUMPUR: The Petaling Jaya City Council (MBPJ) has cancelled an application to develop the 7.5ha PKNS Sports Complex in Kelana Jaya, Selangor, saying that it is against the law to do so on a recreational space. The council’s one... ...
April 17, 2015 08:38:14 am
TOKYO (April 17): Asian shares edged up in early trade on Friday, on track to score weekly gains and shrugging off a languid performance on Wall Street after another set of lacklustre U.S. economic data. MSCI's broadest index of Asia-Pacifi... ...
April 17, 2015 08:32:25 am
KUALA LUMPUR (April 17): AffinHwang Capital Research has maintained its “Hold” rating on Gas Malaysia Bhd (GMB) at RM2.68 with a target price of RM2.50 and said it believed there was a low likelihood of negative earnings surprise for GMB’s upcomin......
April 17, 2015 08:26:25 am
KUALA LUMPUR (April 17): Hong Leong IB Research has valued Engtex Group Bhd at RM1.25 and said it forecasted Engtex’s earnings to grow by CAGR of 7% from FY14 to FY17. Engtex is involved in the wholesale and distribution of pipes, valves an... ...
April 17, 2015 08:17:17 am
KUALA LUMPUR (April 17): Hong Leong IB Research has maintained its “Buy” rating on Sasbadi Holdings Bhd at RM2.09 with a higher target price of RM2.42 (from RM2.06) after Sasbadi announced that it has received a Letter of Acceptance dated from the......
April 17, 2015 07:28:19 am
KUALA LUMPUR (April 17): Airline profit expectations for the year ahead remain positive, consistent with improvements in recent performance, according to the International Air Transport Association’s (IATA) quarterly survey of airline CFOs and hea......
April 17, 2015 07:22:52 am
KUALA LUMPUR (April 17): The FBM KLCI is expected to trend modestly higher today on impoved buying sentiment at the local bourse, but gains are seen limited on the back of the weaker overnight close at Wall Street. Wall Street equities fini... ...
April 17, 2015 07:10:21 am
NEW YORK (April 17): Wall Street equities finished modestly lower on Thursday as investors worried about coming corporate results, while European stocks fell nearly 1 percent under the weight of Greece's worsening financial predicament. Eur... ...
April 17, 2015 12:22:45 am
(April 16): Goldman Sachs Group Inc reported its best quarterly profit in five years on Thursday, notching up big gains from trading bonds and currencies as global markets gyrated during the first three months of the year. Trading got a boo... ...
April 17, 2015 12:20:18 am
WASHINGTON (April 16): The head of the International Monetary Fund on Thursday signaled she would not grant a payment delay to Greece, as it had never been done for an advanced economy and the Fund should protect its safe reputation. IMF Ma... ...
April 17, 2015 12:15:47 am
(April 16): Shares of electronic trading firm Virtu Financial Inc rose as much as 24.6 percent in their debut in a sign that public angst over "high-frequency" trading is waning. Virtu Financial's shares touched a high of $23.67 on Thursday... ...
April 17, 2015 12:14:51 am
(April 16): Shares of Etsy Inc, an online marketplace for handmade goods and crafts, more than doubled in their debut on Thursday, valuing the company at about $4 billion. The company's offering of about 16.7 million shares raised about $26... ...
