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FOR the first time, the Farnborough International Airshow (FIA) counts Malaysia among its many national pavilions, as the country moves to further its fledgling aerospace industry and related sectors in the world theatre.
SUBANG JAYA: National carmaker, Proton Holdings Bhd hopes to further improve the quality of cars by working closely with vendors on the supplied parts that make up their cars.
KOTA KINABALU: State-owned Sawit Kinabalu’s move to improve production efficiency can help increase the value of fresh fruit bunches (FFB) supplied by smallholders.
PERISAI Petroleum Teknologi Bhd (Perisai), which launched its first jack-up drilling rig, here, yesterday, is confident of returning to the black by year-end, backed by the new business segment.
KUALA LUMPUR: The Malaysian Investment Development Authority (Mida) has eased further the cost of doing business for the manufacturing sector by putting in place a self- declaration mechanism for exemption of import duty and sales tax on machinery and equipment.
PUTRAJAYA: RHB Islamic Bhd charted an increase of 25 per cent in its financing assets and profit before tax (PBT) for the first half of the year.
KUALA LUMPUR: Zelan Bhd said Zelan Holdings (M) Sdn Bhd (ZHSB) had received a letter from Meena Holdings LLC (MH), requesting a further extension of 60 days for MH to comply with its obligation to provide ZHSB with a document from MH’s financier. The document is to demonstrate MH’s readiness of financing as supported by a signed copy of the loan agreement between MH and its financier evidencing that the financing is available for drawdown. Upon due consideration of MH’s request, ZHSB has responded to MH, giving an extension of 30 days.
KUALA LUMPUR: Ipoh Garden Bhd (IGB) and Goldis Bhd have requested for the trading suspension for a corporate exercise. IGB said it will be proposing a corporate exercise, which would result in IGB making a “very material announcement”, as defined under the Main Market Listing Requirements of Bursa Malaysia Securities Bhd. It has requested the suspension until the full details of the proposal are available. Bursa Malaysia has allowed the suspension from 9am until 5pm today.
KUALA LUMPUR: CIMB Thai Bank PCL says for the six months ended June 30 2014, CIMB Thai group recorded a consolidated net profit of 625 million bahts (RM61.7 million), a year-on-year increase of 81.4 million bahts, or 15 per cent, from six months ended June 30 2013. The increase in income was mainly attributed to a growth in other operating income, net interest income and net fee and service income of 58.8 per cent, 24.4 per cent and 12.8 per cent respectively. Operating expenses grew at 18.7 per cent, while there was a 85.6 per cent year-on-year increase in provisions.
ANALYSTS are “neutral” on Tenaga Nasional Bhd (TNB) due to lack of catalysts for now to reinvigorate it.
HONG LEONG Investment Bank Bhd (HLIB) maintains its “hold” call on Public Bank Bhd with a target price of RM18.32.
MAYBANK Investment Bank Bhd (Maybank IB) has maintained its “buy” recommendation on AirAsia Bhd with an unchanged target price of RM2.65.
AMRESEARCH Sdn Bhd has kept its “buy” call on DRB-HICOM Bhd, with an unchanged fair value of RM3.60 per share with a 15 per cent discount to its standard operating procedure value of RM4.25 per share.
KIEV : A Malaysian airliner flying from Amsterdam to Kuala Lumpur has crashed in east Ukraine, where pro-Russian rebels are battling government forces, Russian and Ukrainian news agencies reported, citing aviation and security sources.
KUALA LUMPUR: Sumatec Resources Bhd will raise about RM900 million from the capital market and investment banks to buy oil and gas (O&G) assets in Kazakhstan and expand the facilities.