ViTrox posts RM42mil profit in Q3
KUALA LUMPUR (Bernama) -- ViTrox Corp Bhd’s net profit for the third quarter ended Sept 30, 2021 (Q3 2021) rose to RM42.2 million from RM29.7 million in the same quarter last year.
Bursa Malaysia publicly reprimands London Biscuits, fines ex-CEO
KUALA LUMPUR (Bernama) -- Bursa Malaysia Securities Bhd has publicly reprimanded London Biscuits Bhd (in liquidation) and its former chief executive officer (CEO) and executive director (ED) Datuk Seri Liew Yew Chung for contravening the exchange’s Main Market listing requirements (Main LRs).
Kossan 3Q earnings plunge 50% q-o-q to RM528m
KUALA LUMPUR (Oct 21): Kossan Rubber Industries Bhd's net profit plunged 50.4% to RM528.2 million for the third quarter ended Sept 30, 2021 (3QFY21), from RM1.06 billion in 2QFY21, on the back of lo...
KLK extends IJM Plantations MGO to Nov 18
KUALA LUMPUR: Planter Kuala Lumpur Kepong Bhd (KLK) has extended the deadline for minority shareholders in IJM Plantations Bhd to accept its takeover offer to Nov 18.
Supermax seeks details from US over forced labour allegations
KUALA LUMPUR, Oct 21 (Bernama) -- Supermax Corporation Bhd’s representatives in the United States are currently in touch in the US Customs and Border Protection (CBP) to obtain more clarity and information on the Withhold Release Order (WRO) issued and the required measures going forward.
Jaycorp announces 1-for-1 bonus issue
KUALA LUMPUR (Oct 21): Jaycorp Bhd has proposed to undertake a bonus issue of 137.25 million new shares on the basis of one bonus share for every one share held.
Ringgit continues to close higher against US dollar
KUALA LUMPUR, Oct 21 — The ringgit continued to close higher against the US dollar as it has been experiencing correction and very much aligned with the overbought condition as signalled by the tech...
Profit taking weighs on Bursa
KUALA LUMPUR, Oct 21 (Bernama) -- Bursa Malaysia closed lower today on profit-taking in most index-linked counters led by stocks in the FBM Ace, healthcare and telecommunications, analysts said.
Johor Ruler briefed on Pulau Batu Puteh issue
JOHOR BARU (Oct 21): Sultan of Johor Sultan Ibrahim Sultan Iskandar on Thursday (Oct 21) granted an audience to Minister in the Prime Minister's Department (Parliament and Law) Datuk Seri Dr Wan Junai...
Digi.com posts lower Q3 profit of RM312.82m
KUALA LUMPUR, Oct 21 — Digi.com Bhd registered a lower net profit of RM312.82 million in the third quarter (Q3) ended Sept 30, 2021, compared with RM320.76 million a year earlier mainly due to highe...
CIMB Thai posts improved 9M21 net profit of THB1.71bil
KUALA LUMPUR: CIMB Thai Bank PLC recorded a net profit of THB1.71bil (RM212.65mil) in the nine months ended Sept 30, 2021, a 16.4% year-on-year (y-o-y) increase over the previous corresponding period due to better cost control.
Bursa Malaysia remains lower at midday
KUALA LUMPUR (Oct 21): Bursa Malaysia remained lower at midday on Thursday as profit-taking accelerated in most index-linked counters, led by the healthcare and small-capitalisation stocks, analysts s...
CEO boosts JPMorgan wealth advisers’ pay
LONDON: Jamie Dimon had a pair of surprises when he dialled into a conference call with a group of JPMorgan Chase & Co’s wealth advisers: He was at Windsor Castle, and oh, he’s boosting their compensation.
Canadian National Railway CEO to retire amid pressure
MONTREAL: Canadian National Railway Co (CN) said chief executive officer Jean-Jacques Ruest plans to retire by the end of January, handing an apparent victory to a major shareholder that had been pressuring him to step down.
Gucci growth slows
on virus restrictions
NEW YORK: Gucci’s sales growth slowed in the third quarter after the coronavirus resurged in parts of Asia, putting more pressure on the label’s new collection to deliver a strong holiday season.
Japan exports hit by supply snags
TOKYO: Supply chain snags crimping global trade weighed on Japan’s exports last month as auto shipments plunged, weakening a key pillar of the country’s economic recovery.
Bursa opens higher but retreats thereafter
KUALA LUMPUR (Oct 21): Bursa Malaysia opened higher on Thursday (Oct 21) but retreated thereafter as profit taking emerged for selected heavyweights following recent gains, dealers said.
FBM KLCI pauses on mild profit-taking
KUALA LUMPUR: Barring a slight dip in early morning trade, the FBM KLCI held firm to its recent gains amid the ongoing positive investor sentiment over the economy and commodity prices.
Another developer defaults amid Evergrande contagion
BEIJING: Sinic Holdings Group Co became the latest Chinese real estate firm to default as investors wait to see whether China Evergrande Group Inc will meet overdue interest payments on dollar bonds this week.
J&J wants talc suits on hold after bankruptcy filing
NEW JERSEY: Johnson & Johnson (J&J) wants a bankruptcy judge to immediately halt all lawsuits targeting the company over its talc-based powders in the wake of its controversial decision to put a newly created unit into bankruptcy to deal with the litigation.
Gas squeeze has India requesting expensive LNG
NEW DELHI: The global energy shortage has prompted India to ask Qatar, the world’s biggest supplier of liquefied natural gas (LNG), for around 50 cargoes it deemed too expensive six years ago.
risk derailing growth
BEIJING: China’s central bank set the reference rate for the yuan at a weaker-than-expected level as the currency’s surge threatens to derail growth in the world’s second-largest economy. It also boosted short-term liquidity.
Major coal miners to boost output, cap prices
BEIJING: Some of China’s major coal producers have vowed to cap thermal coal prices this winter and next spring, after the government asked state-backed firms to ensure stable coal and power supply “regardless of costs”.
Thai AirAsia parent seeks to raise US$540mil in fresh capital
BANGKOK: Asia Aviation Pcl, the operator of Thailand’s biggest budget carrier Thai AirAsia Co, plans to raise as much as 17.9 billion baht (US$535mil or RM2.23bil) from new loans, share sales and convertible-debt offerings as it attempts to restock coffers depleted by the worst crisis in aviation history.
Tech-fuelled microlenders replace loan sharks
BANGKOK: Thailand’s household debt has spiralled to almost equal the size of its US$472bil (RM1.96 trillion) economy, yet millions of individual borrowers still struggle to access credit. For tech-driven microfinance companies, that crunch represents a multi-billion dollar opportunity.
Finding the best path for SMEs
KUALA LUMPUR: The recent Star Outstanding Business Awards (SOBA) 2021 #SOS: Save Our SMEs webinar revealed that small and medium enterprises (SMEs) are still seeking a sustainable path forward post-Covid-19.
CIMB, StanChart in landmark SLD transaction deal
KUALA LUMPUR: CIMB Bank has entered into a sustainability-linked derivative (SLD) transaction with Standard Chartered Malaysia in the form of an interest rate swap with a notional value of RM2.45bil for hedging purposes.
Track me if you can
WITH technology advancement and innovation as well as generational shift, accelerated by the pandemic, many organisations are prepared to embrace remote working as a permanent employment feature.
PETALING JAYA: Bioalpha Holdings Bhd has completed its acquisition of China-based supply chain management services provider Guizhou Hongbo Supply Chain Co Ltd for RM12.85mil.
Mitec reopens facilities for SMEs
KUALA LUMPUR: The Malaysia International Trade and Exhibition Centre (Mitec) is reopening its facilities to offer a platform that can act as a springboard for Malaysian businesses to fast track their recovery.
George Kent to focus on regional railway sector
KUALA LUMPUR: Following its exit from the Light Rail Transit 3 (LRT3) project, George Kent (M) Bhd is focusing on new opportunities in the domestic and regional railway space under the 12th Malaysia Plan’s (12MP) policy enabler of enhancing connectivity and transport infrastructure.
MAHB upbeat about improving air travel
PETALING JAYA: The rise in air travel activities with the introduction of the Langkawi travel bubble and the ease of interstate movement is expected to spur domestic traffic at all Malaysian airports.
Supportline : Greatech, MI Technovation, Frontken
Greatech Technology Bhd made a crossing of the immediate resistance of RM7.12 yesterday, which marked the end of the sideways trading.The stock was range-bound in recent days although the pick-up in p...
Stocks gain, Dow touches record; oil rises on EIA data
NEW YORK: Most stock indexes worldwide rose on Wednesday and the Dow Jones Industrial Average touched a record intraday high as more companies reported earnings that beat analysts' expectations, while oil prices jumped.
PayPal in US$45b bid for Pinterest, say sources
NEW YORK, Oct 21 — PayPal Holdings Inc has offered to buy digital pinboard site Pinterest Inc for US$45 billion (RM187.2 billion), people familiar with the matter said on Wednesday, a combination th...
Tesla Q3 profit more than quadruples to US$1.6b
NEW YORK, Oct 21 — Tesla’s third-quarter profits more than quadrupled on sharply higher sales despite a global semiconductor shortage that has plagued the auto industry, according to results relea...
Govt to enhance EV technology through NESTI
KUALA LUMPUR (Oct 20): The Government has taken early steps towards strengthening the development, validation and commercialisation of local electric vehicle (EV) technology development through the Na...
CIMB, George Kent, Bintai, TNB, Daya Materials, Hua Yang, Classic Scenic,...
KUALA LUMPUR (Oct 20): Based on corporate announcements and news flow on Wednesday, companies in focus on Thursday (Oct 21) may include: CIMB Group Holdings Bhd, George Kent (Malaysia) Bhd, Bintai Kin...
Ageson aborts rights issue of ICULS
KUALA LUMPUR (Oct 20): Ageson Bhd (formerly known as Prinsiptek Corp Bhd) has decided to scrap its proposed rights issue of irredeemable convertible unsecured loan stocks (ICULS). This is due to the "...
CPO futures hit all-time high of RM5,071 a tonne
KUALA LUMPUR (Oct 20): The crude palm oil (CPO) futures contract on Bursa Malaysia Derivatives closed at an all-time high today as concerns over weak production in coming weeks continued to lift senti...
MySejahtera security level improved — MOH
PUTRAJAYA (Oct 20): The security level of MySejahtera's application and website has been improved following complaints regarding the issue of OTP (One Time Password) messages and spam e-mails, said th...
Mah Sing concludes RM300m sukuk issuance
KUALA LUMPUR (Oct 20): Property developer Mah Sing Group Bhd announced via a bourse filing that it has completed the issuance of secured and unrated Sukuk Murabahah of RM300 million on Wednesday.
RON95, RON97 and diesel prices unchanged
KUALA LUMPUR (Oct 20): The retail prices of RON95, RON97 and diesel will remain unchanged from Thursday (Oct 21) until Oct 27, the Ministry of Finance (MoF) said on Wednesday.
KLCI extends gains on more foreign fund inflows
KUALA LUMPUR (Oct 20): The FBM KLCI continued trending upwards to close above its previous month's high of 1,604.95, buoyed by elevated crude oil and FCPO prices as well as continued buying interest i...
Ringgit ends higher against greenback
KUALA LUMPUR, Oct 20 — The ringgit closed higher and constructive against the US dollar today following the elevated levels of commodity prices as well as the gradual reopening of the economy which ...
Sime Darby to gear up luxury car ops in China
KUALA LUMPUR (Oct 20): Noting that China has the highest growth potential in the luxury car market, Sime Darby Bhd said it plans to grow its luxury vehicle presence in the country by establishing a fo...
Bursa Malaysia ends marginally higher on late buying
KUALA LUMPUR, Oct 20 — Bursa Malaysia closed marginally higher following the emergence of late buying interest in selected heavyweights such as gloves, banking and oil and gas counters, said an anal...
Getting democracy to work again
Bersih 2.0, the coalition for clean and fair elections, recently launched its #Ketuanan Pengundi campaign aimed at restoring the supremacy of voters IN an email interview with The Edge, Bersih 2.0 cha...
UK inflation dips but rate rise still forecast
LONDON, Oct 20 — British annual inflation eased to 3.1 per cent in September, official data showed today, remaining close to a nine-year peak that still risks a UK interest rate rise next month.
CTOS hopeful access to CCRIS reinstated soon
CTOS Digital Bhd is hopeful that its access to Bank Negara Malaysia’s Central Credit Reference Information System (CCRIS) will be reinstated in the soonest possible time frame.
Ringgit leads gains, Thai bond outflows hit baht
BENGALURU (Oct 20): The Malaysian ringgit led gains in emerging Asia on Wednesday as signs China's policymakers were moving to contain the nation's property sector troubles supported sentiment, while ...