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Category: Economic

KLSE News: 24 April 2015 – SapuraKencana Petroleum has submitted its application to the Securities Commission…

SapuraKencana Petroleum has submitted its application to the Securities Commission (SC) to be reinstated in the shariah-compliant list, p resident and group CEO Tan Sri Shahril Shamsuddin said to reporters after the company’s presentation at Invest Malaysia. The company recently converted US$2.3bn of its conventional loans into Malaysia’s largest Islamic facility with no change in […]

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KLSE News: 23 April 2015 – HeveaBoard Bhd has declared a single-tier final dividend of 2.5 sen per ordinary share of RM1.00 each…

HeveaBoard Bhd has declared a single-tier final dividend of 2.5 sen per ordinary share of RM1.00 each in respect of the financial year ended 31 December 2014. (StarBiz) Together with the interim dividend of 1.5 sen declared during its 4QFY14 results announcement, total full-year dividend of 4sen for FY14 is in line with our expectation. […]

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KLSE News: 21 April 2015 – Celcom Axiata inked an MOU with Volksbahn Technologies (VBT) to enhance seamless service experience for connectivity and digital services in Klang Valley for LRT and Monorail users…

Celcom Axiata inked an MOU with Volksbahn Technologies (VBT) to enhance seamless service experience for connectivity and digital services in Klang Valley for LRT and Monorail users. Celcom said that its customers would see a higher level of convenience for their daily transactions with the availability of self-service kiosks at the respective stations in the […]

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KLSE News: 20 April 2015 – Sime Darby Property had won the 2015 Frost & Sullivan Malaysia Building Construction New Product Innovation Award, presented at the 2015 Malaysia Excellence Awards ceremony…

Sime Darby Property had won the 2015 Frost & Sullivan Malaysia Building Construction New Product Innovation Award, presented at the 2015 Malaysia Excellence Awards ceremony at the Mandarin Oriental, Kuala Lumpur recently. The award was based on a research conducted by Frost & Sullivan on the Malaysia Building Construction market. The research recognised Sime Darby […]

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KLSE News: 16 April 2015 – Penang is set to get its maiden LRT project – a 17.5km elevated stretch linking Komtar with the Penang International Airport…

Penang is set to get its maiden LRT project – a 17.5km elevated stretch linking Komtar with the Penang International Airport. With construction slated to begin next year, the RM4.5bn project is part of a package of solutions for an island that has long been choking on its traffic. The LRT project – expected to […]

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KLSE News: 15 April 2015 – Bumi Armada has entered into agreements with ElectroGas Malta for the conversion, supply and operations and maintenance of a floating storage unit…

Bumi Armada has entered into agreements with ElectroGas Malta for the conversion, supply and operations and maintenance of a floating storage unit (FSU) for the project relating to the construction and operation of an LNG receiving terminal located at Delimara, Malta. The effective date of the contracts is 13 Apr 2015 for a firm period […]

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KLSE News: 14 April 2015 – RHB Capital Bhd (RHBCap) is planning a rights issue to raise up to RM2.5bn under a proposed restructuring that will see the RHB Banking Group…

RHB Capital Bhd (RHBCap) is planning a rights issue to raise up to RM2.5bn under a proposed restructuring that will see the RHB Banking Group moving towards a “bank holding company” structure, in line with major banking groups across Asean. “The proposed rights issue will enable the company to raise funds to further strengthen the […]

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KLSE News: 13 April 2015 – UMW Oil & Gas has started arbitration proceedings against Frontier Oil Corp to seek, among other things, an award for damages and/or compensation for all losses arising from Frontier’s alleged breach of contract…

UMW Oil & Gas has started arbitration proceedings against Frontier Oil Corp to seek, among other things, an award for damages and/or compensation for all losses arising from Frontier’s alleged breach of contract, but not limited to an early termination fee amounting to US$19.2m. Frontier was to have arranged a bank guarantee of US$5m and […]

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KLSE News: 10 April 2015 – Sunway is buying hardware and household product traders Winstar Trading Sdn Bhd and PND Hardware & Trading Pte Ltd for RM137.8m…

Sunway is buying hardware and household product traders Winstar Trading Sdn Bhd and PND Hardware & Trading Pte Ltd for RM137.8m. It would acquire Winstar Trading for RM130.9m and PND for S$2.57m (RM6.9m). The two companies were profitable market leaders with over 30 years of experience in the wholesaling of hardware market. “The group anticipates […]

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KLSE News: 9 April 2015 – My EG Services Bhd (MyEG) may see competition in the business of online renewal of foreign workers’ permits…

My EG Services Bhd (MyEG) may see competition in the business of online renewal of foreign workers’ permits. Deputy Home Minister Datuk Dr Wan Junaidi Tuanku Jaafar said on Wednesday the Government was looking for an alternative to MyEG in that area. The move was to prevent the monopoly by MyEG of online renewal of […]

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