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Category: Economic

KLSE News: 24 Sep 2014 – Malaysia and Bangladesh signed a government-to-government Memorandum of Understanding…

Malaysia and Bangladesh signed a government-to-government Memorandum of Understanding (MoU) for Tenaga Nasional Bhd (TNB) and Powertek Bhd to implement a RM6bn power plant project. Out of the nine proposals that have been submitted to build a casino in the Catskills and Hudson Valley, which is viewed as the most attractive of locations in upstate […]

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KLSE News: 23 Sep 2014 – British American Tobacco Malaysia Bhd (BAT Malaysia) and JT International Bhd (JTI Malaysia) yesterday reverted to the old prices…

British American Tobacco Malaysia Bhd (BAT Malaysia) and JTInternational Bhd (JTI Malaysia) yesterday reverted to the old pricesfor all its cigarette brands. The two cigarette manufacturers’ about-turn camebarely a month after the price of a pack of 20s was raised by RM1, citing thechallenging operating environment due to mounting inflationary cost pressure.”In order to remain […]

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KLSE News: 22 Sep 2014 – Developers and property agents were thrown into a flux last week over a new set of guidelines…

Developers and property agents were thrown into a flux last week over a new set of guidelines on property purchases in Selangor by foreigners,permanent residents and foreign companies. Affin Holdings Bhd’s asset management arm has proposed an acquisition of the entire interest in the Asian Islamic Investment Management Sdn Bhd (AIIM) for RM23m. The exercise […]

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KLSE News: 19 Sep 2014 – Positive consumer sentiment drove vehicle sales higher to 51,125 units in August against

Positive consumer sentiment drove vehicle sales higher to 51,125 units in August against 51,106 units sold in same month last year, said the Malaysian Automotive Association (MAA). Sales in the commercial vehicle segment increased to 6,227 units from 6,052 units last year but passenger vehicle segment sales slipped to 44,898 units from 45,054 units recorded […]

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KLSE News: 18 Sep 2014 – Genting group’s planned US$1.1bn (RM3.54bn) Resorts World Bayshore City…

Genting group’s planned US$1.1bn (RM3.54bn) Resorts World BayshoreCity (RWBC) in the Philippines is set to take off under a collaboration withAlliance Global Group Inc (AGI), according to a report by the PhilippineDaily Inquirer. The RWBC, which will be a new gaming hub in Pagcor City, is ajoint project between Genting Hong Kong Ltd and Its […]

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KLSE News: 17 Sep 2014 – PT Bank CIMB Niaga Tbk, AirAsia Indonesia and Think BIG Digital SdnBhd…

PT Bank CIMB Niaga Tbk, AirAsia Indonesia and Think BIG Digital SdnBhd – have teamed up to introduce a co-branded credit card namely CIMBNiaga-AirAsia BIG credit card that targets frequent travellers in the country.Think BIG Digital is a joint venture between AirAsia and Tune Money. “Asthe travelling industry in Indonesia continues to grow, CIMB Niaga […]

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KLSE News: 12 Sep 2014 – YTL Corp Bhd is said to be in talks with India’s NSL Group to acquire up to a49% stake…

YTL Corp Bhd is said to be in talks with India’s NSL Group to acquire up to a49% stake in NSL Orissa Power and Infratech, a company with the mandate tobuild and operate a thermal power plant. “The talks are now in an advancedstage and due diligence process is currently going on,” the Economics Timesquoted […]

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KLSE News: 10 Sep 2014 – Federal Land Development Authority (Felda) has emerged as substantial shareholder…

Federal Land Development Authority (Felda) has emerged as substantialshareholder in printing company BHS Industries an 11.1% stake. A filing withBursa Malaysia showed Felda had acquired the eight million shares on Sept 5.The share price closed at RM2.86 on that day. BHS Industries is a profitablecompany, posting net profit of RM2.25mil in the fourth quarter ended […]

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