KUALA LUMPUR: CIMB Thai Group's net profit for the quarter ended March 31, 2019, jumped 92.5% year-on-year (y-o-y) to THB325mil (RM42.26mil) on the back of operating income growth and a drop in provisions.
KUALA LUMPUR: AmInvestment Research is maintaining its hold call on Axiata Group with unchanged forecasts and fair value of RM3.86 a share after Axiata-Ncell was required to pay capital gains tax.
KUALA LUMPUR: Affin Hwang Capital research has initiated coverage on PPB Group Bhd with a hold rating and a target price of RM19.50.
GEORGE TOWN: The company involved in building the Penang undersea tunnel project and three paired roads has been cleared of any wrongdoing by the Malaysian Anti-Corruption Commission (MACC), said Chief Minister Chow Kon Yeow.
KUANTAN: The Pahang government is planning to demand RM17.1bil in compensation from the federal government for the revenue it is losing out on, says Mentri Besar Datuk Seri Wan Rosdy Wan Ismail.
PUTRAJAYA: The Road Transport Department (JPJ) has collected RM4.23bil in revenue for last year, with the bulk of it coming from road tax renewals, said Anthony Loke.The Transport Minister said road tax renewals accounted for 69% of the amount, an increase of 3.32% as compared to the revenue collected in 2017.
PUTRAJAYA: The Road Transport Department (JPJ) collected RM4.23bil in revenue for 2018, says Transport Minister Anthony Loke.
KUALA LUMPUR: Sapura Energy Bhd’s share price was lower this morning despite clinching RM1.3bil worth of new jobs.
KUALA LUMPUR: Sapura Energy Bhd has secured five new contracts worth a combined sum of about RM1.3bil for its engineering and construction and drilling segments.
Uber Technologies Inc, the current era’s archetypal startup, moved toward becoming a public company April 11, revealing that it racked up a US$3bil (RM12.38bil) operating loss last year and hoping potential investors will look beyond that.
HONG KONG: Bytedance Ltd, China’s most valuable startup, has secured a US$1.335bil syndicated loan from a group dominated by Wall Street banks, according to people familiar with the matter.
KUALA LUMPUR: The Felda White Paper was tabled in Parliament, during which the government accused the previous administration of, among others, shady transactions and conflict of interest.
KUALA LUMPUR: Some RM2.7 billion of Federal Land Development Authority (Felda) money meant to upgrade its plantations was used to buy political support before the last general-election, Economic Affai...
KUALA LUMPUR: The Dewan Rakyat was told that some RM2.7bil of Federal Land Development Authority (Felda) money was used to buy political support before the last general election in May 2018.
The Ministry of Economic Affairs has released the white paper containing the forensic studies conducted by Erst & Young on eight of FELDA’s investments.
PETALING JAYA: Affin Hwang Capital Research has raised its earnings forecasts on Serba Dinamik Holdings Bhd on the company’s plans to consolidate its three service centres and grow its fabricating capacity.
SUBANG JAYA: Sime Darby Property Bhd is confident it can hit its RM2.3bil sales target for the financial year ending Dec 31, 2019, with the six-month Home Ownership Campaign (HOC) serving as a much needed catalyst in a time when the market is facing a slowdown.
PETALING JAYA: Questions have been raised over the concession company of the controversial Penang undersea tunnel project.
PETALING JAYA: Felda has lodged a police report, claiming that Datuk Seri Najib Razak cheated them into investing US$505mil (RM2.07bil) in Eagle High Plantations TBK (EHP), reported Free Malaysia Today.
Free-to-play mobile title Fate/Grand Order was the most talked about game on Twitter in the first quarter of 2019 globally, according to the social media platform’s head of gaming content partnerships, Rishi Chadha.