CIMB Thai posts 92% jump in Q1 net profit to 325m baht
PETALING JAYA: CIMB Thai Bank PCL recorded a consolidated net profit of 325 million baht (RM42.2 million) for the first quarter (Q1) ended March 31, an increase of 92.4% compared …
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‘No negative impact from cancellation of Vietnam JV’
PETALING JAYA: The cancellation of the joint venture (JV) to form a low cost carrier in Vietnam will not negatively affect AirAsia Group Bhd’s expansion plan, said MIDF Research. “While …
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Jaks proposes another fundraising exercise
PETALING JAYA: Jaks Resources Bhd has proposed another round of fund raising exercise to raise maximum gross proceeds of RM54.97 million through a private placement as it did not able …
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RHB says ringgit sell-off overdone, unit remains attractive in medium term
PETALING JAYA: The ringgit’s current sell-off is overdone and any removal of Malaysia from the FTSE World Government Bond Index (WGBI) will not impact the country’s fundamentals and credit rating, …
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Moody’s says RM6.2b govt aid for Felda credit negative
PETALING JAYA: The RM6.2 billion financial assistance to ailing Federal Land Development Authority (Felda) will add to the government’s debt burden, which is already significantly above the median of A-rated …
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Ireka takes UEM Land to arbitration, seeks RM29 million
PETALING JAYA: Ireka Corp Bhd has served a notice of arbitration against UEM Sunrise Bhd’s wholly owned subsidiary UEM Land Bhd on disputes and differences arising from the contract finalisation …
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Seacera flags potential default on debts
PETALING JAYA: Tile manufacturer Seacera Group Bhd has warned that it is potentially headed towards a default on its payment obligations in the highly likely event that it will not …
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Glove sector downgraded as challenges grow
PETALING JAYA: PublicInvest Research has downgraded the glove sector to “underweight” on the back of a more challenging operating landscape for the glove makers in near term. This is due …
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Astro inks US$360m deal with Measat for 12 transponders
PETALING JAYA: Astro Malaysia Holdings Bhd as signed an agreement with Measat Communication Systems Sdn Bhd (MCSSB) for the utilisation of transponder capacity on the MEASAT-3d (M3d) satellite for US$360 …
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Weak sentiment weighs on the Ringgit
KUALA LUMPUR: The ringgit extended its downtrend to close lower against the US dollar today, dampened by weak market sentiment towards the local currency amid declining crude oil prices, dealers …
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