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KUALA LUMPUR: Econpile Holdings Bhd plans to utilise RM14.58 million from the proceeds raised from its initial public offering (IPO) to acquire machinery and equipment for piling and foundation services. The company, en route for listing on the Main Market of Bursa Malaysia by the end of the month, is expected to raise RM48.6 million. Its executive director, Raymond Pang, said RM18.16 million will be used for working capital while RM12.15 million and RM3.71 million will be used for repayment of bank borrowings and defraying listing expenses, respectively. Econpile is pricing its IPO at an issue price of 54 sen per share. Econpile’s order book currently stands at RM450 million.
NEW DELHI: India’s new Prime Minister Narendra Modi today urged lawmakers to stop fighting over rape and work together to protect women, in his first comments on the issue since the horrific gang-rape and lynching of two girls.
BANGKOK: Thailand’s military junta is giving away movie tickets this weekend to promote “love and harmony“, a spokesman for the junta said today, in its latest effort to win over hearts and minds following last month’s coup.
TAIPEI: A Taiwanese man was arrested today for threatening public order after allegedly setting up multiple Facebook fan pages dedicated to a man who carried out a deadly subway train stabbing spree.
BURSA Malaysia ended marginally high-er yesterday on continued buying support on the back of the country’s better indus-trial production data released earlier yesterday.
HONG KONG: Asian markets were mixed yesterday, with Japan’s Nikkei bouncing back from the previous day’s losses while the euro weakened further against the yen and the dollar.
DHAKA: The Bangladesh coastguard today rescued a stricken boat in the Bay of Bengal packed with 300 nationals who were trying to flee to Malaysia, an official said.
LONDON: European stock markets dropped yesterday after recent rallies, while the aviation sector took a knock as Emirates airline cancelled a major order of Airbus planes.
SHARES fell 0.25 per cent yesterday as profit-takers moved in after a healthy two-day rally.
KUALA LUMPUR: The Social Welfare Department is launching “Ops Qaseh” next month in an effort to address problems of the homeless people in the city.
THE Straits Times Index lost 3.78 points, or 0.11 per cent, to 3,290.04.
KUALA LUMPUR: Former Prime Minister Tun Dr Mahathir Mohamad today called for more Malaysians to focus on science in order to realise Malaysia’s vision to be a developed nation by 2020.
KUALA LUMPUR: World number one men’s singles shuttler, Datuk Lee Chong Wei advanced to the second round of the 2014 Japan Open Super Series at the Tokyo Metropolitan Gimnasium.
BENTONG: More than 100 graves at the Kampung Jawi-Jawi Muslim cemetery were found desecrated, believed by irresponsible quarters for rituals or deviationist teachings.
KUALA LUMPUR: The Royal Malaysian Air Force (RMAF) will upgrade its radar systems to better equip its defensive mechanism to ensure the security of the country.