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Affin Hwang maintains buy on Genting as Singapore unit delivers positive results

KUALA LUMPUR: Genting Singapore delivered positive 1H18 results as its VIP segment continued to grow, gaining more market share at the expense of its competitors. "PATAMI came in at S$395m (+23% yoy) driven by the VIP...

Eye on tech companies in Malaysia exposed to the Apple supply chain

PETALING JAYA: Local technology companies, especially those exposed to the Apple supply chain, will be closely watched back home. This is because Apple Inc, which is listed in the United States, had reported a set...

Young and jobless in Malaysia

AS the global economy continues to recover, labour force is improving, albeit at a slower pace. Global unemployment in 2018 is projected around 5.5%, slightly better than 2017’s reading of 5.6% on the back of a be...

#NadiSarawak: Kebun Strawberi Kuching

#NadiSarawak merupakan satu program terbaharu dari TVSarawak yang akan memaparkan pelbagai aktiviti ekonomi yang dijalankan oleh rakyat Sarawak bagi menambah pendapatan mereka. Program ini akan memberi peluang kepada pe...

Malaysia’s Petronas delivers first LNG cargo to Japan’s Hokkaido Electric

KUALA LUMPUR: Malaysian state-owned oil company Petroliam Nasional Bhd (Petronas) said on Thursday it had delivered its first liquefied natural gas (LNG) cargo to Japan's Hokkaido Electric Power Co. Inc. on August 1. ...

Ringgit lower against US$ in line with emerging Asian currencies

KUALA LUMPUR: The ringgit continued its downtrend to be lower against the US dollar early Friday in line with emerging Asian currencies, on the back of worries over escalating trade tensions between the United States and...

Telekom drags KLCI into red as greater competition seen

KUALA LUMPUR: The FBM KLCI slipped into the red early Friday, weighed down by losses in Telekom Malaysia on concerns of greater competition for the telco. At 9.49am, the KLCI was down 1.19 points or 0.07% to 1,776.94....

Opening up fibre market; fixed-line broadband for all telcos

PUTRAJAYA: Telecommunication players will have little excuse not to provide broadband access via fibre to users across the nation, as Telekom Malaysia Bhd ’s (TM) ducts (carriageway) will soon be open to them. Co...

EPF’s Shahril Ridza under consideration for Khazanah MD post

KUALA LUMPUR: Datuk Shahril Ridza Ridzuan, chief executive officer of the Employees Provident Fund (EPF) is one of several names being considered for the post of Khazanah Nasional Bhd managing director. The Edge Financi...

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...

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