The Edge Markets April 20, 2015 06:17:04 pm
Morgan Stanley tops estimates on brokerage, equity trading
April 20, 2015 11:02:16 pm
NEW YORK (April 20): Morgan Stanley reported profit that beat analysts’ estimates and the highest adjusted revenue in more than five years, as equity trading and brokerage revenue jumped. First-quarter net income rose 59 percent to $2.39 bi... ...
Oil prices rise towards $64 on Middle East tension
April 20, 2015 10:53:01 pm
LONDON/SINGAPORE (April 20): Oil prices rose in a volatile day of trading on Monday, as concerns over tension in the Middle East and a drop in the number of U.S. rigs drilling for crude offset comments from Saudi Arabia's oil minister that ... ...
Sunsuria,
AEON Credit, IGB, Ecofirst, Emas Kiara, Top Glove, Nexgram, Nestle,
Axis REIT, See Hup, Jobstreet, Suiwah, Hovid and Bioalpha
April 20, 2015 10:49:02 pm
KUALA LUMPUR (April 20): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Tuesday, April 21) could be: Sunsuria Bhd, AEON Credit Service (M) Bhd, IGB Corp Bhd, Ecofirst Consolidated Bhd, Emas Ki... ...
US, European shares up after China stimulus but Greece weighs
April 20, 2015 10:25:11 pm
NEW YORK/LONDON/TOKYO (April 20): European and U.S. stocks rose on Monday after China announced economic stimulus measures, while the euro fell against the dollar on worries Greece may default. Wall Street reversed course after falling stee... ...
China slowdown to push steel demand growth down in 2015 -Worldsteel
April 20, 2015 10:20:08 pm
LONDON (April 20): Global steel use should grow at a slightly slower pace this year than last because of China's slow down, although elsewhere steel use is mostly improving and 2016 prospects look brighter, the World Steel Association said on Mond......
Japan's Abe says ready to meet China's Xi at Jakarta summit
April 20, 2015 10:13:32 pm
TOKYO (April 20): Japanese Prime Minister Shinzo Abe said on Monday he was ready to meet Chinese President Xi Jinping at an Asian-African summit in Jakarta this week if the chance arises, the latest sign of hope for a further thaw in Tokyo's troub......
Japan, U.S. in for tough bilateral trade talks over rice, autos
April 20, 2015 10:10:41 pm
TOKYO (April 20): Japan and the United States continued the second of two days of tough trade talks on Monday that could pave the way for a broader trans-Pacific agreement, although Tokyo shrugged off expectations of a bilateral deal in time for a......
China, Pakistan launch economic corridor plan worth $46 billion
April 20, 2015 10:03:54 pm
ISLAMABAD (April 20): China and Pakistan launched a plan on Monday for energy and infrastructure projects in Pakistan worth $46 billion, linking their economies and underscoring China's economic ambitions in Asia and beyond. China's Preside... ...
Bioalpha says unaware of reason behind share price hike
April 20, 2015 09:57:08 pm
KUALA LUMPUR (April 20): Bioalpha Holdings Bhd which debuted on the ACE Market of Bursa Malaysia last Tuesday (April 14) but saw its share price jump as much as 135% since then, told Bursa Malaysia today that it was not aware of any unannounced co......
Chinese president to launch economic corridor link in Pakistan
April 20, 2015 09:52:27 pm
ISLAMABAD (April 20): Chinese President Xi Jinping arrived in Pakistan on Monday to launch $46 billion in projects linking the allies, a figure that would far exceed U.S. spending in Pakistan and underscores China's economic ambitions in Asia and ......
Shipwreck corpses brought ashore in Malta, another boat sinks off Greece
April 20, 2015 09:50:59 pm
CATANIA/VALLETTA/ROME, Italy/ATHENS, Greece/LUXEMBOURG (April 20): European Union foreign ministers met on Monday under pressure to produce more than words and save desperate migrants drowning in the Mediterranean, as bodies of the deadliest known......
Grexit worries, ECB buying crush euro zone bond yields, Germany near zero
April 20, 2015 09:39:07 pm
LONDON (April 20): German 10-year borrowing costs resumed a fall towards zero on Monday, with worries about Greece exiting the euro zone increasing demand for top-rated assets and with the ECB's bond-buying programme quashes yields. Yields ... ...
Venezuela proposes novel OPEC oil blending deal to fight for market share
April 20, 2015 09:35:09 pm
ORINOCO BELT, Venezuela (April 20): Venezuela has launched talks this month on a novel plan to blend the country's heavy crude with light oil from other OPEC allies, seeking to create a new variety that can compete against swelling U.S. and Canadi......
Perduren's ED resigns, Kamaluddin and Mazlin assume non exec roles
April 20, 2015 09:32:59 pm
KUALA LUMPUR (April 20): Datuk Ong Chong Sek, 59, has resigned as an executive director (ED) in Perduren (M) Bhd, due to the streamlining of its board’s composition. In separate filings with Bursa Malaysia today, it was also revealed that D... ...
Wall St to rise at open with eyes on China, earnings
April 20, 2015 09:29:40 pm
NEW YORK (April 20): U.S. stocks were set to open higher on Monday following a sharp decline in the previous session, as Chinese steps to stimulate its slowing economy and earnings, including those from Morgan Stanley, lured money back into equiti......
Malaysian-based Flexiroam's parent firm to raise up to A$12m in Aussie IPO
April 20, 2015 09:18:22 pm
KUALA LUMPUR (April 20): Flexiroam Ltd, a budget international roaming service provider in the Asia-Pacific region, is seeking to raise up to A$12 million through an initial public offering (IPO) on the Australian Securities Exchange. The c... ...
Copper retreats after push to three-week peak
April 20, 2015 09:12:57 pm
LONDON/MELBOURNE (April 20): Copper jumped to a three-week high on Monday after China eased monetary policy to stimulate a slowing economy, but prices fell back as hopes receded for stronger demand triggered by the move. Three-month copper ... ...
Kawan Food sees 3.33% stake trade off market
April 20, 2015 09:12:18 pm
KUALA LUMPUR (April 20): Frozen Asian food delicacies manufacturer Kawan Food Bhd saw 6.11 million shares or a 3.33% stake in the firm traded off market today, at a total value of RM10.99 million. According to Bloomberg data, Kawan Food’s (... ...
Sunsuria to buy remaining 50% of Sime Darby Sunsuria Development for RM173.4m
April 20, 2015 09:01:19 pm
KUALA LUMPUR (April 20): Sunsuria Bhd has proposed to buy the half it does not own in joint venture (JV) firm Sime Darby Sunsuria Development Sdn Bhd (SDSD) for RM173.4 million cash. SDSD was incorporated as a 50:50 joint venture company be... ...
Nexgram ups stake in Godynamic by 69.6% for RM18.53 mil
April 20, 2015 08:55:11 pm
KUALA LUMPUR (April 20): Nexgram Holdings Bhd announced its wholly-owned subsidiary Nextnation Network Sdn Bhd had signed a share sale agreement with Power Solution Group Ltd to acquire 186,000 shares or 18.6% stake in Godynamic Investments Ltd fo......
European shares up after China stimulus fails to lift Asia
April 20, 2015 08:36:14 pm
LONDON/TOKYO (April 20): European stocks rose on Monday, shrugging off falls in Asia after gains driven by Chinese stimulus measures faded, while the euro fell against the dollar on worries Greece may default. Wall Street shares, which fell... ...
Boat with dozens of migrants runs aground off Greek island, at least three dead
April 20, 2015 08:28:50 pm
ATHENS (April 20): A wooden sailboat carrying dozens of immigrants ran aground on Monday off the coast of the Greek island of Rhodes and at least three people have drowned, the Greek coast guard said. More than 90 people were rescued and 30... ...
EU meets on migrant crisis as shipwreck corpses brought ashore
April 20, 2015 08:25:01 pm
VALLETTA/CATANIA, Italy (April 20): European Union foreign ministers gathered in Luxembourg on Monday, under pressure to produce more than words as bodies were brought ashore in Malta among hundreds feared drowned in the latest Mediterranean migra......
Turnover explosion at Shanghai stock exchange has too many zeros for software
April 20, 2015 08:24:18 pm
SHANGHAI (April 20): China's stock trading fever has made the Shanghai Stock Exchange the world's biggest in terms of turnover, surpassing the New York Stock Exchange, but the explosion in volumes has exceeded the ability of the exchange's softwar......
China stocks retreat as crackdown fears offset central bank easing; rates, yuan also fall
April 20, 2015 08:20:21 pm
SHANGHAI (April 20): China shares dived on Monday in volatile trade as fears of a regulatory crackdown on the world's hottest stock market offset the central bank's most aggressive move yet to bolster the slowing economy. A cut in banks' re... ...
Oil falls on strong dollar and as Saudi output remains near record high
April 20, 2015 08:11:33 pm
LONDON/SINGAPORE (April 20): Oil prices fell towards $62 a barrel on Monday on a strong dollar and as Saudi Arabian Oil Minister Ali al-Naimi said production would stay around 10 million barrels per day (bpd) in April. Brent crude wa... ...
Gold below $1,200 on steadier dollar; eyes on Greece, China
April 20, 2015 08:05:22 pm
LONDON/SINGAPORE (April 20): Gold fell below $1,200 an ounce on Monday as the dollar steadied, while traders were assessing risks that Greece may default and China's new policy measures to shore up the world's second-largest economy. Spot g... ...
Euro dips, China boost for Aussie dollar fades
April 20, 2015 08:02:51 pm
LONDON/SYDNEY/SINGAPORE (April 20): The euro slid just over half a percent against the dollar in a slack start to the week on Monday, dominated by the fallout of new economic stimulus in China and concerns over Greece. The dollar's worst pe... ...
Futures bounce back with eyes on China, Morgan Stanley
April 20, 2015 08:01:29 pm
NEW YORK (April 20): U.S. stock index futures rose on Monday, following a sharp decline in the previous session, as Chinese steps to stimulate its slowing economy and earnings including those from Morgan Stanley lured money back into equities.... ...
Europe stocks start week boosted by telecoms, Chinese stimulus
April 20, 2015 07:54:53 pm
LONDON (April 20): European shares got the week off to a positive start on Monday, thanks to deal-making in the telecoms sector and stimulus from China, though it was not enough to erase the losses from Friday's sharp sell-off. In focus for... ...
Nestle's 1Q profit rises 2.4% to RM187.9m
April 20, 2015 07:47:25 pm
KUALA LUMPUR (April 20): Nestle Bhd’s net profit grew 2.4% to RM187.9 million in the first quarter ended Mar 31, 2015, from RM183.5 million in the previous corresponding quarter. Quarterly revenue was nearly flat at RM1.28 billion, up 0.4% ... ...
Oil falls as Saudi output remains near record high
April 20, 2015 07:46:52 pm
LONDON/SINGAPORE (April 20): Oil prices fell to under $63 a barrel on Monday after Saudi Arabian Oil Minister Ali al-Naimi said production in the world's biggest crude exporter would stay near record peaks around 10 million barrels per day (bpd) i......
Mostly down after Chinese clampdown; Philippines near 4-week low
April 20, 2015 07:38:13 pm
COLOMBO/BANGKOK (April 20): Most Southeast Asian stock markets ended weaker on Monday, tracking global markets on concerns of further crackdowns on margin financing by Chinese authorities, but China's steps to stimulate its slowing economy helped ......
Palm oil rises in tight trade, robust exports aid sentiment
April 20, 2015 07:35:43 pm
KUALA LUMPUR/JAKARTA (April 20): Malaysian palm oil futures rose in tight trade on Monday, lifted by robust overseas sales of the tropical oil, although a firm ringgit and bearish outlook on technicals put a lid on gains. Exports of Malaysi... ...
Axis REIT announces first interim distribution per unit of 4.10 sen
April 20, 2015 07:28:31 pm
KUALA LUMPUR (April 20): Axis Real Estate Investment Trust (REIT) has announced the first interim income distribution of 4.10 sen per unit or a total of RM22.5 million for the first quarter ended March 31 (1QFY2015). The amount distributed ... ...
Three Malaysian banks provide $298 mln Islamic loan for developer Impian Bebas
April 20, 2015 07:25:04 pm
KUALA LUMPUR (April 20): Three Malaysian banks are to provide property company Impian Bebas Sdn Bhd with a 15-year 1.08 billion ringgit ($298.34 million) syndicated Islamic financing, Maybank Investment Bank Bhd, one of the banks involved, said....
Malaysia March inflation seen picking up to 0.9 pct y/y
April 20, 2015 07:16:40 pm
KUALA LUMPUR (April 20): Malaysia's annual inflation rate in March likely picked up to 0.9 percent, a Reuters poll showed, reflecting slightly higher petrol prices in the month. Malaysia removed fuel subsidies in December last year... ...
Emas Kiara's unit wins RM23.25m sub-contract work at Singapore airport
April 20, 2015 07:04:25 pm
KUALA LUMPUR (April 20): Emas Kiara Industries Bhd (EKIB)'s wholly-owned subsidiary Kiaratex Export Pte Ltd has been awarded a sub-contract work at Singapore’s Changi Airport for S$8.67 million (equivalent to RM23.25 million). In a filing ... ...
AEON Credit 4Q profit jumps 15.8% to RM55.4m
April 20, 2015 06:52:45 pm
KUALA LUMPUR (April 20): AEON Credit Service (M) Bhd’s net profit jumped 15.8% to RM55.4 million in the fourth quarter ended Feb 20, 2015, from RM47.8 million in the previous corresponding quarter. Revenue leapt 20.4% to RM226.37 million, f... ...
See Hup sells three parcels of land in Prai for RM17.6m
April 20, 2015 06:49:34 pm
KUALA LUMPUR (April 20): See Hup Consolidated Bhd's wholly-owned unit See Hup Transport Sdn Bhd has entered into a conditional sale and purchase agreement with Loh Gim Ean Holdings Sdn Bhd (LGE) for the proposed disposal of three adjoining lots of......
Prove ‘seventh arc’ theory for MH370, marine expert says
April 20, 2015 06:46:36 pm
(April 20): A Malaysian marine expert wants the Australian authorities to prove their “seventh arc” theory for missing Malaysia Airlines flight MH370 by sending a plane along the assumed flight path. Mohamed Shareef, 45, told International ... ...
Asia Poly sees 5% interests cross off market
April 20, 2015 06:42:11 pm
KUALA LUMPUR (April 20): ACE Market-listed Asia Poly Holding Bhd saw some 4.39 million shares or 5% of its issued and paid up capital changed hands in an off-market transaction today, for a total of RM2.195 million. Bloomberg data ... ...
Rafizi to challenge constitutionality of repealed banking law
April 20, 2015 06:33:51 pm
(April 20): PKR secretary-general Rafizi Ramli, who has been charged for allegedly leaking confidential bank details linked to the National Feedlot Corporation (NFCorp), has filed an application to challenge the constitutionality of the repealed B......
No sign of ringgit weakening further
April 20, 2015 06:17:04 pm
KUALA LUMPUR (April 20): There are no signs indicating that the ringgit, which is currently trading at levels of 3.6130 against the US dollar, will depreciate further against the greenback. Chief economist of the Bank of Singapore, R... ...
Top Glove unit buys 1.5 acres Bukit Raja land for RM20.26m
April 20, 2015 06:02:14 pm
KUALA LUMPUR (Apr 20): Top Glove Properties Sdn Bhd, a wholly-owned subsidiary of Top Glove Corp Bhd has offered to acquire a 1.5 acre plot of commercial land in Bukit Raja, Selangor, from Century Total Logistics Sdn Bhd, a wholly-owned subsidiary......
MAS revises excess baggage fee structure
April 20, 2015 05:54:40 pm
KUALA LUMPUR (Apr 20): Malaysia Airlines System Bhd (MAS) said its revised excess baggage fee structure will come into effect on April 22, according to Bernama. The news agency said previously applied regional rates per blocks of 5Kg will b... ...
KLCI beats weak regional sentiment as ringgit, crude oil gain
April 20, 2015 05:53:13 pm
KUALA LUMPUR (Apr 20): The FBM KLCI eked out a last minute rise as ringgit and crude oil gains supported sentiment. At 5pm, the KLCI rose 2.8 points or 0.15% to close at 1,848.66 points, led by gains in stocks like Sime Darby Bhd an... ...
KWAP emerges as substantial shareholder in Hovid
April 20, 2015 05:37:31 pm
KUALA LUMPUR (Apr 20): Kumpulan Wang Persaraan (KWAP) has emerged as a substantial shareholder in Hovid Bhd, following the retirement fund's purchase of five million shares on the open market on Apr 8. According to Hovid's Bursa Malaysia f... ...
Jobstreet to decide on future direction after market study
April 20, 2015 05:29:39 pm
KUALA LUMPUR (April 20): Pioneer local employment portal company Jobstreet Corp Bhd (JCB) which is now without a core business after completing the disposal of its online job portal late last year, is open to investing in any business sector but i......
Jobstreet says it will study the market in the next 2 years before deciding on its future direction
April 20, 2015 05:02:10 pm
Jobstreet CEO Mark Chang says the company will spend the next 2 years studying the market before deciding on its future direction ...
Mufti’s no GST for zakat contributors a personal view, says Fatwa council head
April 20, 2015 04:47:03 pm
(April 20): The Federal Territories mufti's suggestion that zakat-paying Muslims be exempted from the goods and services tax (GST) is a personal view, National Fatwa Committee chairman Prof Emeritus Tan Sri Dr Abd Shukor Husin said today....
I expected Najib to do better than Pak Lah, says Dr M
April 20, 2015 04:46:16 pm
(April 20): Datuk Seri Najib Razak has "failed in many areas", said Tun Dr Mahathir Mohamad today, adding that he had expected the prime minister to do better than his predecessor, Tun Abdullah Ahmad Badawi. The former prime minister... ...
Maseu urges MAS to provide regular, timely updates on restructuring efforts
April 20, 2015 04:29:07 pm
KUALA LUMPUR (April 20): The Malaysian Airline System Employees’ Union Peninsular Malaysia (Maseu) has urged national carrier Malaysian Airline (MAS) to provide more regular and timely updates on its restructuring efforts. This will ... ...
Affin to balance loan portfolio, aims to achieve 8% ROE this year
April 20, 2015 04:22:35 pm
KUALA LUMPUR (April 20): Affin Holdings Bhd aims to balance the loan portfolio of its retail banking division by making its corporate and consumer segments contribute half each to the segment's revenue in the next three years, said its recently-ap......
Down after Chinese clampdown; Manila underperforms
April 20, 2015 03:23:23 pm
COLOMBO/BANGKOK/MANILA (Apr 20): All Southeast Asian stock markets fell on Monday, tracking global markets on concerns of further crackdowns on margin financing by Chinese authorities, but China's decision to cut reserve requirement ratio c... ...
Najib’s 1Malaysia just ‘Malaysian Malaysia’ rebranded, says Dr M
April 20, 2015 03:15:47 pm
(April 20): Datuk Seri Najib Razak’s "1Malaysia" slogan is just a duplicate of the opposition’s "Malaysian Malaysia" catchphrase, Tun Dr Mahathir Mohamad said today, in his latest attack against the embattled prime minister. He said ... ...
Bursa queries Bioalpha after share price jumps 135%
April 20, 2015 03:04:08 pm
KUALA LUMPUR (April 20): Actively-traded Bioalpha Holdings Bhd, which has seen its share price jumped 135% since its listing last Tuesday (April 14), received an unusual market activity (UMA) query from Bursa Malaysia. Bourse regulat... ...
Penang-based Qdos invests RM35m new semicon technology
April 20, 2015 02:42:55 pm
KUALA LUMPUR (April 20): Penang-based Qdos Holdings Bhd is investing up to RM35 million to introduce new cutting-edge technology in the local semiconductor industry. In a statement today, Qdos business development director S. Suresh said th... ...
Nikkei edges down in volatile trade after weak China stocks sour mood
April 20, 2015 02:25:19 pm
TOKYO (April 20): Japanese stocks edged down in a volatile session on Monday as weakness in China shares soured sentiment in late trade, but the losses were limited by China's latest move to cut the amount of cash that banks must hold as reserves......
AmResearch maintains "buy" on DRB-Hicom on RM5.8b China JV
April 20, 2015 02:20:25 pm
KUALA LUMPUR (Apr 20): AmResearch Sdn Bhd maintained its "buy" call on DRB-Hicom Bhd shares with an unchanged fair value of RM2.88 following the group's proposed RMB10 billion (RM5.84 billion)joint venture (JV) to produce Lotus cars in Chin... ...
MRCB's dividend to go ex on June 30
April 20, 2015 01:54:52 pm
KUALA LUMPUR (April 20): Malaysian Resources Corp Bhd will see its dividend payout go ex on June 30 this year, according to a Bursa Malaysia filing this afternoon. MRCB (fundamental: 0.6; valuation: 0.6) had earlier announced its first and final s...
Public Bank 1Q net profit higher at RM1.17b, revenue stronger at RM4.6b
April 20, 2015 01:52:35 pm
KUALA LUMPUR (Apr 20): Public Bank Bhd's first quarter net profit rose 15% from a year earlier on higher net interest besides net fee and commission income. Lower bad loan allowance also supported profit growth. Higher operating expe... ...
Solution
Engineering, Century, RGB, Cuscapi, ConnectCounty, Asia Poly, Frontken,
Sunsuria, MESB, Eden, Mulpha Land, FBSM, Nationwide
April 20, 2015 01:17:38 pm
KUALA LUMPUR (April 20): theedgemarkets.com has highlighted 13 stocks with momentum at afternoon market close today. Two stocks show positive momentum while eleven show negative momentum.... ...
KLCI retreats as sentiment turns bearish
April 20, 2015 12:59:58 pm
KUALA LUMPUR (April 20); The FBM KLCI retreated at the midday break today as market sentiment turned bearish. At 12.30pm, the local index shed 2.23 points to 1,843.63. Losers overtook gainers by 442 to 264, while 305 counters ... ...
Public Bank 1Q net profit rise 15% on year to RM1.17b, revenue higher at RM4.6b
April 20, 2015 12:53:49 pm
Public Bank 1Q net profit rise 15% on year to RM1.17b, revenue higher at RM4.6b ...
Dr M brings up Rosmah in latest attack on Najib
April 20, 2015 12:43:32 pm
(April 20): Tun Dr Mahathir Mohamad fired a new salvo at Prime Minister Datuk Seri Najib Razak today, this time including mention of his wife, Datin Seri Rosmah Mansor and her "lavish lifestyle". Taking Najib to task again over unexp... ...
EPF introduces schemes to address members' savings inadequacy
April 20, 2015 12:42:41 pm
KUALA LUMPUR (Apr 20): The Employees Provident Fund (EPF) today introduced several measures to address savings inadequacy among members. During a media briefing here today, EPF chief executive officer Datuk Shahril Ridza Ridzu... ...
PR1MA now chasing profit, not helping first-time owners, says house buyers’ group
April 20, 2015 12:26:08 pm
(April 20): PR1MA Corporation Malaysia (PR1MA) has strayed from its objective of building affordable homes in urban localities and instead has become profit-oriented, going into joint ventures with private developers, the National House Buy... (funct...
April 20, 2015 11:02:16 pm
NEW YORK (April 20): Morgan Stanley reported profit that beat analysts’ estimates and the highest adjusted revenue in more than five years, as equity trading and brokerage revenue jumped. First-quarter net income rose 59 percent to $2.39 bi... ...
April 20, 2015 10:53:01 pm
LONDON/SINGAPORE (April 20): Oil prices rose in a volatile day of trading on Monday, as concerns over tension in the Middle East and a drop in the number of U.S. rigs drilling for crude offset comments from Saudi Arabia's oil minister that ... ...
April 20, 2015 10:49:02 pm
KUALA LUMPUR (April 20): Based on corporate announcements and news flow today, companies that may be in focus tomorrow (Tuesday, April 21) could be: Sunsuria Bhd, AEON Credit Service (M) Bhd, IGB Corp Bhd, Ecofirst Consolidated Bhd, Emas Ki... ...
April 20, 2015 10:25:11 pm
NEW YORK/LONDON/TOKYO (April 20): European and U.S. stocks rose on Monday after China announced economic stimulus measures, while the euro fell against the dollar on worries Greece may default. Wall Street reversed course after falling stee... ...
April 20, 2015 10:20:08 pm
LONDON (April 20): Global steel use should grow at a slightly slower pace this year than last because of China's slow down, although elsewhere steel use is mostly improving and 2016 prospects look brighter, the World Steel Association said on Mond......
April 20, 2015 10:13:32 pm
TOKYO (April 20): Japanese Prime Minister Shinzo Abe said on Monday he was ready to meet Chinese President Xi Jinping at an Asian-African summit in Jakarta this week if the chance arises, the latest sign of hope for a further thaw in Tokyo's troub......
April 20, 2015 10:10:41 pm
TOKYO (April 20): Japan and the United States continued the second of two days of tough trade talks on Monday that could pave the way for a broader trans-Pacific agreement, although Tokyo shrugged off expectations of a bilateral deal in time for a......
April 20, 2015 10:03:54 pm
ISLAMABAD (April 20): China and Pakistan launched a plan on Monday for energy and infrastructure projects in Pakistan worth $46 billion, linking their economies and underscoring China's economic ambitions in Asia and beyond. China's Preside... ...
April 20, 2015 09:57:08 pm
KUALA LUMPUR (April 20): Bioalpha Holdings Bhd which debuted on the ACE Market of Bursa Malaysia last Tuesday (April 14) but saw its share price jump as much as 135% since then, told Bursa Malaysia today that it was not aware of any unannounced co......
April 20, 2015 09:52:27 pm
ISLAMABAD (April 20): Chinese President Xi Jinping arrived in Pakistan on Monday to launch $46 billion in projects linking the allies, a figure that would far exceed U.S. spending in Pakistan and underscores China's economic ambitions in Asia and ......
April 20, 2015 09:50:59 pm
CATANIA/VALLETTA/ROME, Italy/ATHENS, Greece/LUXEMBOURG (April 20): European Union foreign ministers met on Monday under pressure to produce more than words and save desperate migrants drowning in the Mediterranean, as bodies of the deadliest known......
April 20, 2015 09:39:07 pm
LONDON (April 20): German 10-year borrowing costs resumed a fall towards zero on Monday, with worries about Greece exiting the euro zone increasing demand for top-rated assets and with the ECB's bond-buying programme quashes yields. Yields ... ...
April 20, 2015 09:35:09 pm
ORINOCO BELT, Venezuela (April 20): Venezuela has launched talks this month on a novel plan to blend the country's heavy crude with light oil from other OPEC allies, seeking to create a new variety that can compete against swelling U.S. and Canadi......
April 20, 2015 09:32:59 pm
KUALA LUMPUR (April 20): Datuk Ong Chong Sek, 59, has resigned as an executive director (ED) in Perduren (M) Bhd, due to the streamlining of its board’s composition. In separate filings with Bursa Malaysia today, it was also revealed that D... ...
April 20, 2015 09:29:40 pm
NEW YORK (April 20): U.S. stocks were set to open higher on Monday following a sharp decline in the previous session, as Chinese steps to stimulate its slowing economy and earnings, including those from Morgan Stanley, lured money back into equiti......
April 20, 2015 09:18:22 pm
KUALA LUMPUR (April 20): Flexiroam Ltd, a budget international roaming service provider in the Asia-Pacific region, is seeking to raise up to A$12 million through an initial public offering (IPO) on the Australian Securities Exchange. The c... ...
April 20, 2015 09:12:57 pm
LONDON/MELBOURNE (April 20): Copper jumped to a three-week high on Monday after China eased monetary policy to stimulate a slowing economy, but prices fell back as hopes receded for stronger demand triggered by the move. Three-month copper ... ...
April 20, 2015 09:12:18 pm
KUALA LUMPUR (April 20): Frozen Asian food delicacies manufacturer Kawan Food Bhd saw 6.11 million shares or a 3.33% stake in the firm traded off market today, at a total value of RM10.99 million. According to Bloomberg data, Kawan Food’s (... ...
April 20, 2015 09:01:19 pm
KUALA LUMPUR (April 20): Sunsuria Bhd has proposed to buy the half it does not own in joint venture (JV) firm Sime Darby Sunsuria Development Sdn Bhd (SDSD) for RM173.4 million cash. SDSD was incorporated as a 50:50 joint venture company be... ...
April 20, 2015 08:55:11 pm
KUALA LUMPUR (April 20): Nexgram Holdings Bhd announced its wholly-owned subsidiary Nextnation Network Sdn Bhd had signed a share sale agreement with Power Solution Group Ltd to acquire 186,000 shares or 18.6% stake in Godynamic Investments Ltd fo......
April 20, 2015 08:36:14 pm
LONDON/TOKYO (April 20): European stocks rose on Monday, shrugging off falls in Asia after gains driven by Chinese stimulus measures faded, while the euro fell against the dollar on worries Greece may default. Wall Street shares, which fell... ...
April 20, 2015 08:28:50 pm
ATHENS (April 20): A wooden sailboat carrying dozens of immigrants ran aground on Monday off the coast of the Greek island of Rhodes and at least three people have drowned, the Greek coast guard said. More than 90 people were rescued and 30... ...
April 20, 2015 08:25:01 pm
VALLETTA/CATANIA, Italy (April 20): European Union foreign ministers gathered in Luxembourg on Monday, under pressure to produce more than words as bodies were brought ashore in Malta among hundreds feared drowned in the latest Mediterranean migra......
April 20, 2015 08:24:18 pm
SHANGHAI (April 20): China's stock trading fever has made the Shanghai Stock Exchange the world's biggest in terms of turnover, surpassing the New York Stock Exchange, but the explosion in volumes has exceeded the ability of the exchange's softwar......
April 20, 2015 08:20:21 pm
SHANGHAI (April 20): China shares dived on Monday in volatile trade as fears of a regulatory crackdown on the world's hottest stock market offset the central bank's most aggressive move yet to bolster the slowing economy. A cut in banks' re... ...
April 20, 2015 08:11:33 pm
LONDON/SINGAPORE (April 20): Oil prices fell towards $62 a barrel on Monday on a strong dollar and as Saudi Arabian Oil Minister Ali al-Naimi said production would stay around 10 million barrels per day (bpd) in April. Brent crude wa... ...
April 20, 2015 08:05:22 pm
LONDON/SINGAPORE (April 20): Gold fell below $1,200 an ounce on Monday as the dollar steadied, while traders were assessing risks that Greece may default and China's new policy measures to shore up the world's second-largest economy. Spot g... ...
April 20, 2015 08:02:51 pm
LONDON/SYDNEY/SINGAPORE (April 20): The euro slid just over half a percent against the dollar in a slack start to the week on Monday, dominated by the fallout of new economic stimulus in China and concerns over Greece. The dollar's worst pe... ...
April 20, 2015 08:01:29 pm
NEW YORK (April 20): U.S. stock index futures rose on Monday, following a sharp decline in the previous session, as Chinese steps to stimulate its slowing economy and earnings including those from Morgan Stanley lured money back into equities.... ...
April 20, 2015 07:54:53 pm
LONDON (April 20): European shares got the week off to a positive start on Monday, thanks to deal-making in the telecoms sector and stimulus from China, though it was not enough to erase the losses from Friday's sharp sell-off. In focus for... ...
April 20, 2015 07:47:25 pm
KUALA LUMPUR (April 20): Nestle Bhd’s net profit grew 2.4% to RM187.9 million in the first quarter ended Mar 31, 2015, from RM183.5 million in the previous corresponding quarter. Quarterly revenue was nearly flat at RM1.28 billion, up 0.4% ... ...
April 20, 2015 07:46:52 pm
LONDON/SINGAPORE (April 20): Oil prices fell to under $63 a barrel on Monday after Saudi Arabian Oil Minister Ali al-Naimi said production in the world's biggest crude exporter would stay near record peaks around 10 million barrels per day (bpd) i......
April 20, 2015 07:38:13 pm
COLOMBO/BANGKOK (April 20): Most Southeast Asian stock markets ended weaker on Monday, tracking global markets on concerns of further crackdowns on margin financing by Chinese authorities, but China's steps to stimulate its slowing economy helped ......
April 20, 2015 07:35:43 pm
KUALA LUMPUR/JAKARTA (April 20): Malaysian palm oil futures rose in tight trade on Monday, lifted by robust overseas sales of the tropical oil, although a firm ringgit and bearish outlook on technicals put a lid on gains. Exports of Malaysi... ...
April 20, 2015 07:28:31 pm
KUALA LUMPUR (April 20): Axis Real Estate Investment Trust (REIT) has announced the first interim income distribution of 4.10 sen per unit or a total of RM22.5 million for the first quarter ended March 31 (1QFY2015). The amount distributed ... ...
April 20, 2015 07:25:04 pm
KUALA LUMPUR (April 20): Three Malaysian banks are to provide property company Impian Bebas Sdn Bhd with a 15-year 1.08 billion ringgit ($298.34 million) syndicated Islamic financing, Maybank Investment Bank Bhd, one of the banks involved, said....
April 20, 2015 07:16:40 pm
KUALA LUMPUR (April 20): Malaysia's annual inflation rate in March likely picked up to 0.9 percent, a Reuters poll showed, reflecting slightly higher petrol prices in the month. Malaysia removed fuel subsidies in December last year... ...
April 20, 2015 07:04:25 pm
KUALA LUMPUR (April 20): Emas Kiara Industries Bhd (EKIB)'s wholly-owned subsidiary Kiaratex Export Pte Ltd has been awarded a sub-contract work at Singapore’s Changi Airport for S$8.67 million (equivalent to RM23.25 million). In a filing ... ...
April 20, 2015 06:52:45 pm
KUALA LUMPUR (April 20): AEON Credit Service (M) Bhd’s net profit jumped 15.8% to RM55.4 million in the fourth quarter ended Feb 20, 2015, from RM47.8 million in the previous corresponding quarter. Revenue leapt 20.4% to RM226.37 million, f... ...
April 20, 2015 06:49:34 pm
KUALA LUMPUR (April 20): See Hup Consolidated Bhd's wholly-owned unit See Hup Transport Sdn Bhd has entered into a conditional sale and purchase agreement with Loh Gim Ean Holdings Sdn Bhd (LGE) for the proposed disposal of three adjoining lots of......
April 20, 2015 06:46:36 pm
(April 20): A Malaysian marine expert wants the Australian authorities to prove their “seventh arc” theory for missing Malaysia Airlines flight MH370 by sending a plane along the assumed flight path. Mohamed Shareef, 45, told International ... ...
April 20, 2015 06:42:11 pm
KUALA LUMPUR (April 20): ACE Market-listed Asia Poly Holding Bhd saw some 4.39 million shares or 5% of its issued and paid up capital changed hands in an off-market transaction today, for a total of RM2.195 million. Bloomberg data ... ...
April 20, 2015 06:33:51 pm
(April 20): PKR secretary-general Rafizi Ramli, who has been charged for allegedly leaking confidential bank details linked to the National Feedlot Corporation (NFCorp), has filed an application to challenge the constitutionality of the repealed B......
April 20, 2015 06:17:04 pm
KUALA LUMPUR (April 20): There are no signs indicating that the ringgit, which is currently trading at levels of 3.6130 against the US dollar, will depreciate further against the greenback. Chief economist of the Bank of Singapore, R... ...
April 20, 2015 06:02:14 pm
KUALA LUMPUR (Apr 20): Top Glove Properties Sdn Bhd, a wholly-owned subsidiary of Top Glove Corp Bhd has offered to acquire a 1.5 acre plot of commercial land in Bukit Raja, Selangor, from Century Total Logistics Sdn Bhd, a wholly-owned subsidiary......
April 20, 2015 05:54:40 pm
KUALA LUMPUR (Apr 20): Malaysia Airlines System Bhd (MAS) said its revised excess baggage fee structure will come into effect on April 22, according to Bernama. The news agency said previously applied regional rates per blocks of 5Kg will b... ...
April 20, 2015 05:53:13 pm
KUALA LUMPUR (Apr 20): The FBM KLCI eked out a last minute rise as ringgit and crude oil gains supported sentiment. At 5pm, the KLCI rose 2.8 points or 0.15% to close at 1,848.66 points, led by gains in stocks like Sime Darby Bhd an... ...
April 20, 2015 05:37:31 pm
KUALA LUMPUR (Apr 20): Kumpulan Wang Persaraan (KWAP) has emerged as a substantial shareholder in Hovid Bhd, following the retirement fund's purchase of five million shares on the open market on Apr 8. According to Hovid's Bursa Malaysia f... ...
April 20, 2015 05:29:39 pm
KUALA LUMPUR (April 20): Pioneer local employment portal company Jobstreet Corp Bhd (JCB) which is now without a core business after completing the disposal of its online job portal late last year, is open to investing in any business sector but i......
April 20, 2015 05:02:10 pm
Jobstreet CEO Mark Chang says the company will spend the next 2 years studying the market before deciding on its future direction ...
April 20, 2015 04:47:03 pm
(April 20): The Federal Territories mufti's suggestion that zakat-paying Muslims be exempted from the goods and services tax (GST) is a personal view, National Fatwa Committee chairman Prof Emeritus Tan Sri Dr Abd Shukor Husin said today....
April 20, 2015 04:46:16 pm
(April 20): Datuk Seri Najib Razak has "failed in many areas", said Tun Dr Mahathir Mohamad today, adding that he had expected the prime minister to do better than his predecessor, Tun Abdullah Ahmad Badawi. The former prime minister... ...
April 20, 2015 04:29:07 pm
KUALA LUMPUR (April 20): The Malaysian Airline System Employees’ Union Peninsular Malaysia (Maseu) has urged national carrier Malaysian Airline (MAS) to provide more regular and timely updates on its restructuring efforts. This will ... ...
April 20, 2015 04:22:35 pm
KUALA LUMPUR (April 20): Affin Holdings Bhd aims to balance the loan portfolio of its retail banking division by making its corporate and consumer segments contribute half each to the segment's revenue in the next three years, said its recently-ap......
April 20, 2015 03:23:23 pm
COLOMBO/BANGKOK/MANILA (Apr 20): All Southeast Asian stock markets fell on Monday, tracking global markets on concerns of further crackdowns on margin financing by Chinese authorities, but China's decision to cut reserve requirement ratio c... ...
April 20, 2015 03:15:47 pm
(April 20): Datuk Seri Najib Razak’s "1Malaysia" slogan is just a duplicate of the opposition’s "Malaysian Malaysia" catchphrase, Tun Dr Mahathir Mohamad said today, in his latest attack against the embattled prime minister. He said ... ...
April 20, 2015 03:04:08 pm
KUALA LUMPUR (April 20): Actively-traded Bioalpha Holdings Bhd, which has seen its share price jumped 135% since its listing last Tuesday (April 14), received an unusual market activity (UMA) query from Bursa Malaysia. Bourse regulat... ...
April 20, 2015 02:42:55 pm
KUALA LUMPUR (April 20): Penang-based Qdos Holdings Bhd is investing up to RM35 million to introduce new cutting-edge technology in the local semiconductor industry. In a statement today, Qdos business development director S. Suresh said th... ...
April 20, 2015 02:25:19 pm
TOKYO (April 20): Japanese stocks edged down in a volatile session on Monday as weakness in China shares soured sentiment in late trade, but the losses were limited by China's latest move to cut the amount of cash that banks must hold as reserves......
April 20, 2015 02:20:25 pm
KUALA LUMPUR (Apr 20): AmResearch Sdn Bhd maintained its "buy" call on DRB-Hicom Bhd shares with an unchanged fair value of RM2.88 following the group's proposed RMB10 billion (RM5.84 billion)joint venture (JV) to produce Lotus cars in Chin... ...
April 20, 2015 01:54:52 pm
KUALA LUMPUR (April 20): Malaysian Resources Corp Bhd will see its dividend payout go ex on June 30 this year, according to a Bursa Malaysia filing this afternoon. MRCB (fundamental: 0.6; valuation: 0.6) had earlier announced its first and final s...
April 20, 2015 01:52:35 pm
KUALA LUMPUR (Apr 20): Public Bank Bhd's first quarter net profit rose 15% from a year earlier on higher net interest besides net fee and commission income. Lower bad loan allowance also supported profit growth. Higher operating expe... ...
April 20, 2015 01:17:38 pm
KUALA LUMPUR (April 20): theedgemarkets.com has highlighted 13 stocks with momentum at afternoon market close today. Two stocks show positive momentum while eleven show negative momentum.... ...
April 20, 2015 12:59:58 pm
KUALA LUMPUR (April 20); The FBM KLCI retreated at the midday break today as market sentiment turned bearish. At 12.30pm, the local index shed 2.23 points to 1,843.63. Losers overtook gainers by 442 to 264, while 305 counters ... ...
April 20, 2015 12:53:49 pm
Public Bank 1Q net profit rise 15% on year to RM1.17b, revenue higher at RM4.6b ...
April 20, 2015 12:43:32 pm
(April 20): Tun Dr Mahathir Mohamad fired a new salvo at Prime Minister Datuk Seri Najib Razak today, this time including mention of his wife, Datin Seri Rosmah Mansor and her "lavish lifestyle". Taking Najib to task again over unexp... ...
April 20, 2015 12:42:41 pm
KUALA LUMPUR (Apr 20): The Employees Provident Fund (EPF) today introduced several measures to address savings inadequacy among members. During a media briefing here today, EPF chief executive officer Datuk Shahril Ridza Ridzu... ...
April 20, 2015 12:26:08 pm
(April 20): PR1MA Corporation Malaysia (PR1MA) has strayed from its objective of building affordable homes in urban localities and instead has become profit-oriented, going into joint ventures with private developers, the National House Buy... (funct...
