Business

PETALING JAYA: CIMB Group Holdings Bhd has appointed Datuk Abdul Rahman Ahmad (pix) as its group CEO/executive director and CEO/executive director of CIMB Bank Bhd. Rahman, who is currently the …

PETALING JAYA: The Securities Commission Malaysia (SC) has warned investors over the rise of clone firms scams, in which a fraudulent company will set itself up to look like a …

PETALING JAYA: Carlsberg Brewery Malaysia Bhd’s net profit for the first quarter ended March 31, 2020 slipped 16.7% to RM72.96 million from RM87.60 million a year ago impacted by the …

KUALA LUMPUR: Chin Hin Group Bhd’s subsidiaries are selling RM76.45 million worth of real estate assets to raise cash proceeds which can be channelled towards the group’s business operations and …

PETALING JAYA: Kumpulan Powernet Bhd (KPower) posted a net profit of RM2.67 million for its third quarter ended March 31, from a net loss of RM698,000 in the previous corresponding …

SINGAPORE: Malaysia’s exports of liquefied natural gas (LNG) are set to drop to their lowest since mid-2018 as producers globally are pressured to cut production amid record low spot prices …

KUALA LUMPUR: LYC Healthcare Bhd’s wholly-owned subsidiary, LYC Medicare Sdn Bhd, has proposed to acquire a 51 per cent stake in HC Orthopaedic Surgery Pte Ltd (HCOS) from Chan Ying …

PETALING JAYA: IOI Corp Bhd’s net profit for the third quarter ended March 31, 2020 plunged 100% to RM100,000 from RM245.8 million a year go due to foreign currency translation …

LONDON: Oil prices fell today after US President Donald Trump said he was working on a strong response to China’s proposed security law in Hong Kong. A potential deterioration in …

SINGAPORE: Shares in bourse operator Singapore Exchange Ltd suffered their steepest daily fall in more than a decade after the company said its profit would be hit when a licence …

SINGAPORE: Singapore rolled out its fourth multi-billion-dollar stimulus package in as many months today, as it forecast a deeper recession than previously expected with the Covid-19 pandemic battering the bellwether …

LONDON: Oil prices rose today, supported by growing confidence that producers are following through on commitments to cut supplies and as fuel demand picks up as coronavirus lockdowns ease. Brent …

PETALING JAYA: Maybank Investment Bank Bhd (MaybankIB) has issued four new European style cash-settled put warrants and four new European style cash-settled call warrants over the shares of CIMB Group …

KUALA LUMPUR: National mortgage corporation Cagamas Bhd has concluded its pricing for RM705 million worth of bonds and sukuk. Its president and chief executive officer, Datuk Chung Chee Leong, said …

PETALING JAYA: Sime Darby Bhd is ready to take advantage of merger & acquisition (M&A) opportunities that may arise as valuations are under pressure due to the uncertainty fuelled by …

PETALING JAYA: Public Bank Bhd’s net profit for the first quarter ended March 31, 2020 fell 5.7% to RM1.33 billion from RM1.41 billion a year ago, on the back of …

PETALING JAYA: Malaysia Airports Holding Bhd (MAHB) posted a net loss of RM20.39 million for its first quarter ended March 31, 2020 against RM149.58 million reported in the corresponding period …

KUALA LUMPUR: Censof Holdings Bhd’s58 per cent-owned subsidiary, Asian Business Software Solutions Pte Ltd (ABSS), has partnered with DBS Hong Kong to provide cloud-based accounting software to small and medium …

PETALING JAYA: Sime Darby Plantation Bhd’s net profit rose over four times to RM394 million for its first quarter ended March 31, 2020 against RM90 million reported in the corresponding …

PETALING JAYA: FGV Holdings Bhd and its public listed subsidiary MSM Malaysia Holdings Bhd are expediting plans to develop a new agriculture growth area called the FGV Agro Food-Valley in …