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Utusan defaulted on loan

KUALA LUMPUR: Utusan Melayu (M) Bhd  has defaulted on a RM2.9mil loan. “Due to financial constraints the company is not able to meet its obligation to repay the Affin Islamic Bank Bhd and therefore had defaulted in p...

Apple’s ride to US$1 trillion with its magic number

SAN FRANCISCO: Apple Inc updated its latest share count on Wednesday, putting the magic stock price at $207.04 that would make the iPhone maker the first publicly listed U.S. company valued at $1 trillion. Apple said in...

Trump to propose 25% tariff on US$200b of Chinese imports

WASHINGTON: The Trump administration plans to propose slapping a 25-percent tariff on $200 billion of imported Chinese goods after initially setting them at 10 percent, a source familiar with the plan said on Tuesday. ...

Petronas launches new vendor devt scheme with 18 partners

KUALA LUMPUR: Petroliam Nasional Bhd has launched a  new vendor development scheme to nurture local entrepreneurs to overcome high-entry barriers to the oil and gas industry and create a pool of vendors who can generate ...

Apple earnings beat expectations as it sells pricier iPhones

NEW YORK: Apple Inc on Tuesday posted quarterly results that topped Wall Street targets and forecast revenue in the current quarter above expectations, driven by sales of higher-priced iPhones and revenue from services l...

Opcom bags RM11.16mil Unifi contract

PETALING JAYA: Opcom Holdings Bhd  (Opcom), led chairman and CEO Tan Sri Mokhzani Mahathir, said a subsidiary Opcom Cables Sdn Bhd was awarded RM11.16mil contract from Telekom Malaysia Bhd . The contract, the comp...

Two more names for Khazanah’s top post

PETALING JAYA: Two more names have emerged as possible successors to Tan Sri Azman Mokhtar as the managing director of Khazanah Nasional Bhd. The most recent one is said to be Raja Shahreen Raja Othman, who is currently...

Ringgit ends higher vs US dollar on Monday

KUALA LUMPUR: The ringgit closed firmer against the US dollar as demand for the local currency was fuelled by a rebound in oil prices, dealers said. At 6pm, the ringgit finished at 4.0550/0600 versus the greenback from ...

Bursa Malaysia special dividend comes as positive surprise

KUALA LUMPUR: Kenanga Research maintained market perform on Bursa Malaysia Bhd  with a slightly higher target price of RM7.35 as its 1H18 results came in within expectations. The research house said the stock excha...

Tech sell-off on Wall Street weighs on KLCI

KUALA LUMPUR: Bursa Malaysia joined key Asian markets to start Tuesday on a weak note as the tech sell-off on Wall Street weighed on investor sentiment while weaker data from China also added to the cautious outlook. At...

Can Malaysia survive external and internal challenges?

HOW is Malaysia going to survive and deal with external and internal challenges, with trade tension worsening between the US and China, and projected slower growth except in the US? The country may currently be in a s...

Validation time for AmBank

Datuk Sulaiman Mohd Tahir seems to be a man in a hurry. If the last two years were about putting in place a clear strategy for AmBank and cleaning up its books, the next two are about showing some results. “We are ...

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