The Star Business News April 16, 2015 10:42:00 am
KPJ Healthcare issues RM800m Sukuk
April 16, 2015 07:14:00 pm
KUALA LUMPUR: KPJ Healthcare Bhd has issued RM800mil Islamic medium term notes (IMTN) under its proposed RM1.5bil programme....
Late buying nudges KLCI up nearly 8 points (Update)
April 16, 2015 06:42:00 pm
KUALA LUMPUR: Late buying of index-linked stocks propelled the FBM KLCI up nearly eight points at the close of trade on Thursday while the broader market was also firmer in line with the key refional bourses. ...
TM introduces new broadband packages
April 16, 2015 06:32:00 pm
KUALA LUMPUR: Telekom Malaysia Bhd (TM) announced on Thursday the introduction of two new broadband packages to support the Government’s aim of boosting broadband take-up. ...
Hektar remains cautiously optimistic about malls performance
April 16, 2015 06:09:00 pm
KUALA LUMPUR: Despite the uncertain external demand and post-Goods and Services Tax (GST), Hektar Asset Management Sdn Bhd (Hektar) remains optimistic that its real estate investment trust (REIT) will deliver a strong performance this year....
Only six seconds to retain customers
April 16, 2015 06:01:00 pm
KUALA LUMPUR: It can take literally seconds today for consumers in Asia-Pacific to switch their brand loyalty....
Malakoff sets tight bookbuilding range in up to US$750m IPO
April 16, 2015 04:49:00 pm
KUALA LUMPUR: Malakoff Corporation Bhd, Malaysia's largest independent power firm, set a tight bookbuilding range for its initial public offering, two people with direct knowledge of the process said, with solid support from domestic cornerstone ...
SapuraKencana climbs on firm crude oil, set to return to Shariah list
April 16, 2015 04:28:00 pm
KUALA LUMPUR: SapuraKencana Petroleum advanced to a high of RM2.71 on Thursday, underpinned by the firm crude oil prices and ahead of its return to the Securities Commission’s (SC) list of Shariah-compliant securities in the May review....
Eco World buys nearly 300 acres of land in Batu Kawan for RM731m
April 16, 2015 03:24:00 pm
KUALA LUMPUR: Eco World Development Group Bhd is buying 299.64 acres of leasehold land in Batu Kawan, Penang state for RM730.93m to build residential and commercial properties....
CBIP secures RM25m contracts for two oil palm mills
April 16, 2015 03:05:00 pm
KUALA LUMPUR: CB Industrial Product Holding Bhd (CBIP) has secured two contracts valued at RM25.46mil for its modipalm continuous sterilisation milling system from Indonesia’s PT Niagamas Gemilang....
Malaysia successfully prices US$1.5bil global sukuk, says MOF
April 16, 2015 02:30:00 pm
KUALA LUMPUR: Malaysia has successfully priced US$1 billion of 10-year and US$500 million of 30-year benchmark Trust Certificates (Sukuk) for a total deal size of US$1.5 billion....
KLCI extends gains as Maybank, Public Bank advance
April 16, 2015 02:09:00 pm
KUALA LUMPUR: The FBM KLCI extended its gains at midday on Thursday supported by key heavyweights Maybank and Public Bank, in tandem with the firmer regional markets....
GreenTech appoints Peter Chin as new chairman
April 16, 2015 01:56:00 pm
KUALA LUMPUR: The former minister of Energy, Green Technology and Water (KeTTHA), Tan Sri Peter Chin Fah Kui has been appointed as the new chairman of Malaysian Green Technology Corporation (GreenTech Malaysia) for a two-year period effective April 7...
Netflix beats forecasts with 62 million streaming subscribers
April 16, 2015 01:47:00 pm
Video streaming pioneer Netflix Inc added more subscribers than projected in the United States and abroad during the first quarter, news that sent its shares up nearly 12%....
Kenanga partners global anti-fraud group to raise awareness
April 16, 2015 01:13:00 pm
KUALA LUMPUR: Kenanga Investment Bank, a subsidiary of K&N Kenanga Holdings Bhd (Kenanga Holdings) has joined forces with the Association of Certified Fraud Examiners (ACFE) to increase anti-fraud knowledge and certification among its employees....
Six percent of US adults plan to buy Apple Watch: poll
April 16, 2015 12:48:00 pm
About 6% of US adults plan to buy Apple Inc's smartwatch according to a Reuters/Ipsos poll, with men twice as likely as women to purchase Apple boss Tim Cook's first new major product....
RHB Bank to benefit from new capital, revamp, says Moody’s
April 16, 2015 12:23:00 pm
KUALA LUMPUR: Moody’s Investor Services expects RHB Bank Bhd to benefit from the injection of RM2.5bil capital from RHB Capital Bhd’s rights issue....
Globetronics upgraded to Buy
April 16, 2015 12:19:00 pm
KUALA LUMPUR: AllianceDBS Research has upgraded its call to “buy” from “hold” on Globetronics Technology Bhd (GTB) for a 33% total return, with a target price of RM7.50 based on financial year 2016 (FY16) earnings per share of 18 times....
Asia Forex: Ringgit, won, rupiah, yuan advance
April 16, 2015 11:34:00 am
The following table shows rates for Asian currencies against the dollar at 0130 GMT on Thursday April 16....
China FDI up 2.2 percent in March to US$12.4bil
April 16, 2015 11:30:00 am
BEIJING: China drew US$12.4 billion in foreign direct investment (FDI) in March, up 2.2 percent from a year earlier, the Commerce Ministry reported on Thursday, while outbound non-financial investment rose 0.4 percent to $8.39 billion....
Singaporeans rush for Ringgit as its dollar hits new high
April 16, 2015 10:58:00 am
SINGAPORE: Business is booming for money changers here in the last two days as the Singapore dollar rose to its highest level in recent memory against the Malaysian Ringgit....
Ringgit opens slightly higher against the dollar
April 16, 2015 10:42:00 am
KUALA LUMPUR: The ringgit opened slightly higher against the greenback this morning as weak US economic data weighed on investors' buying sentiment....
Kenanga Research retains Neutral call on telcos
April 16, 2015 10:40:00 am
KUALA LUMPUR: Kenanga Investment Bank Research is maintaining its Neutral call on the telecommunication sector....
SapuraKencana leads oil and gas stocks higher
April 16, 2015 10:22:00 am
KUALA LUMPUR: Oil and gas heavyweight SapuraKencana Petroleum led oil and gas-related counters including Bumi Armada higher in early Thursday trade after the overnight surge in crude oil price....
Japan's Sharp, banks near US$1.7bil overhaul deal
April 16, 2015 10:21:00 am
TOKYO: Sharp Corp and its main banks are to meet on Thursday to agree on a nearly $2 billion rescue and overhaul plan for the loss-making electronics maker, a person involved in the discussions said....
Asia stocks follow global surge in early trade Thursday
April 16, 2015 09:57:00 am
TOKYO: Asian stocks took cues from a global surge in equities and rose on Thursday, while the dollar was on the defensive after weak U.S. economic data....
Trading ideas: Pesona Metro, Mitrajaya, Matrix Concepts, Eco World
April 16, 2015 09:51:00 am
KUALA LUMPUR: JF Apex Research expects Pesona Metro, Mitrajaya, Bintai Kinden, Matrix Concepts, Zhulian and Eco World to be among the stocks to watch on Thursday....
Malaysian palm oil/Vegoils: Market factors to watch Thursday April 16
April 16, 2015 09:47:00 am
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday April 16....
Weak China economic data to dent investor sentiment
April 16, 2015 09:41:00 am
KUALA LUMPUR: BIMB Securities Research expects the local market to remain sideways with slight downside bias due to weak China economic data and lack of fresh catalysts....
Diary Malaysia Thursday April 16
April 16, 2015 09:18:00 am
KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS...
CapitaMalls Malaysia Trust core net profit below expectations
April 16, 2015 09:15:00 am
KUALA LUMPUR: CapitaMalls Malaysia Trust’s (CMMT) core net profit of RM38.2mil was below CIMB Equities Research’s expectations, accounting for only 23.3% of its FY15 forecast....
April 16, 2015 07:14:00 pm
KUALA LUMPUR: KPJ Healthcare Bhd has issued RM800mil Islamic medium term notes (IMTN) under its proposed RM1.5bil programme....
April 16, 2015 06:42:00 pm
KUALA LUMPUR: Late buying of index-linked stocks propelled the FBM KLCI up nearly eight points at the close of trade on Thursday while the broader market was also firmer in line with the key refional bourses. ...
April 16, 2015 06:32:00 pm
KUALA LUMPUR: Telekom Malaysia Bhd (TM) announced on Thursday the introduction of two new broadband packages to support the Government’s aim of boosting broadband take-up. ...
April 16, 2015 06:09:00 pm
KUALA LUMPUR: Despite the uncertain external demand and post-Goods and Services Tax (GST), Hektar Asset Management Sdn Bhd (Hektar) remains optimistic that its real estate investment trust (REIT) will deliver a strong performance this year....
April 16, 2015 06:01:00 pm
KUALA LUMPUR: It can take literally seconds today for consumers in Asia-Pacific to switch their brand loyalty....
April 16, 2015 04:49:00 pm
KUALA LUMPUR: Malakoff Corporation Bhd, Malaysia's largest independent power firm, set a tight bookbuilding range for its initial public offering, two people with direct knowledge of the process said, with solid support from domestic cornerstone ...
April 16, 2015 04:28:00 pm
KUALA LUMPUR: SapuraKencana Petroleum advanced to a high of RM2.71 on Thursday, underpinned by the firm crude oil prices and ahead of its return to the Securities Commission’s (SC) list of Shariah-compliant securities in the May review....
April 16, 2015 03:24:00 pm
KUALA LUMPUR: Eco World Development Group Bhd is buying 299.64 acres of leasehold land in Batu Kawan, Penang state for RM730.93m to build residential and commercial properties....
April 16, 2015 03:05:00 pm
KUALA LUMPUR: CB Industrial Product Holding Bhd (CBIP) has secured two contracts valued at RM25.46mil for its modipalm continuous sterilisation milling system from Indonesia’s PT Niagamas Gemilang....
April 16, 2015 02:30:00 pm
KUALA LUMPUR: Malaysia has successfully priced US$1 billion of 10-year and US$500 million of 30-year benchmark Trust Certificates (Sukuk) for a total deal size of US$1.5 billion....
April 16, 2015 02:09:00 pm
KUALA LUMPUR: The FBM KLCI extended its gains at midday on Thursday supported by key heavyweights Maybank and Public Bank, in tandem with the firmer regional markets....
April 16, 2015 01:56:00 pm
KUALA LUMPUR: The former minister of Energy, Green Technology and Water (KeTTHA), Tan Sri Peter Chin Fah Kui has been appointed as the new chairman of Malaysian Green Technology Corporation (GreenTech Malaysia) for a two-year period effective April 7...
April 16, 2015 01:47:00 pm
Video streaming pioneer Netflix Inc added more subscribers than projected in the United States and abroad during the first quarter, news that sent its shares up nearly 12%....
April 16, 2015 01:13:00 pm
KUALA LUMPUR: Kenanga Investment Bank, a subsidiary of K&N Kenanga Holdings Bhd (Kenanga Holdings) has joined forces with the Association of Certified Fraud Examiners (ACFE) to increase anti-fraud knowledge and certification among its employees....
April 16, 2015 12:48:00 pm
About 6% of US adults plan to buy Apple Inc's smartwatch according to a Reuters/Ipsos poll, with men twice as likely as women to purchase Apple boss Tim Cook's first new major product....
April 16, 2015 12:23:00 pm
KUALA LUMPUR: Moody’s Investor Services expects RHB Bank Bhd to benefit from the injection of RM2.5bil capital from RHB Capital Bhd’s rights issue....
April 16, 2015 12:19:00 pm
KUALA LUMPUR: AllianceDBS Research has upgraded its call to “buy” from “hold” on Globetronics Technology Bhd (GTB) for a 33% total return, with a target price of RM7.50 based on financial year 2016 (FY16) earnings per share of 18 times....
April 16, 2015 11:34:00 am
The following table shows rates for Asian currencies against the dollar at 0130 GMT on Thursday April 16....
April 16, 2015 11:30:00 am
BEIJING: China drew US$12.4 billion in foreign direct investment (FDI) in March, up 2.2 percent from a year earlier, the Commerce Ministry reported on Thursday, while outbound non-financial investment rose 0.4 percent to $8.39 billion....
April 16, 2015 10:58:00 am
SINGAPORE: Business is booming for money changers here in the last two days as the Singapore dollar rose to its highest level in recent memory against the Malaysian Ringgit....
April 16, 2015 10:42:00 am
KUALA LUMPUR: The ringgit opened slightly higher against the greenback this morning as weak US economic data weighed on investors' buying sentiment....
April 16, 2015 10:40:00 am
KUALA LUMPUR: Kenanga Investment Bank Research is maintaining its Neutral call on the telecommunication sector....
April 16, 2015 10:22:00 am
KUALA LUMPUR: Oil and gas heavyweight SapuraKencana Petroleum led oil and gas-related counters including Bumi Armada higher in early Thursday trade after the overnight surge in crude oil price....
April 16, 2015 10:21:00 am
TOKYO: Sharp Corp and its main banks are to meet on Thursday to agree on a nearly $2 billion rescue and overhaul plan for the loss-making electronics maker, a person involved in the discussions said....
April 16, 2015 09:57:00 am
TOKYO: Asian stocks took cues from a global surge in equities and rose on Thursday, while the dollar was on the defensive after weak U.S. economic data....
April 16, 2015 09:51:00 am
KUALA LUMPUR: JF Apex Research expects Pesona Metro, Mitrajaya, Bintai Kinden, Matrix Concepts, Zhulian and Eco World to be among the stocks to watch on Thursday....
April 16, 2015 09:47:00 am
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday April 16....
April 16, 2015 09:41:00 am
KUALA LUMPUR: BIMB Securities Research expects the local market to remain sideways with slight downside bias due to weak China economic data and lack of fresh catalysts....
April 16, 2015 09:18:00 am
KUALA LUMPUR: ALL TIMES ARE PROVISIONAL AND IN LOCAL TIME FOLLOWED BY GMT IN BRACKETS...
April 16, 2015 09:15:00 am
KUALA LUMPUR: CapitaMalls Malaysia Trust’s (CMMT) core net profit of RM38.2mil was below CIMB Equities Research’s expectations, accounting for only 23.3% of its FY15 forecast....
