BUSINESS News List

Maybank IB research places 'buy´ recommendation for CMS

KUALA LUMPUR, Jan 15 (Bernama) -- Maybank IB Research has placed a “buy” recommendation for Cahya Mata Sarawak Bhd following the company’s additional 10 per cent share subscription in Malaysian Phosphate Additives (Sarawak) Sdn Bhd (MPAS) for RM64.24 million in cash.

FGV shares up on assets disposal announcement

KUALA LUMPU, Jan 15 (Bernama) – Shares of FGV Holdings Bhd on Bursa Malaysia rose this morning,  after the plantation company said it planned to dispose of RM350 million worth of non-core businesses and assets.

TSR Capital bags RM307 mln job under Gemas- JB rail project

KUALA LUMPUR, Jan 14 (Bernama) -- TSR Capital Bhd has clinched a RM307 million civil works sub-contract for a section of the Gemas-Johor Bahru electrified double track project from YTL Corporation Bhd's unit Syarikat Pembenaan Yeoh Tiong Lay Sdn Bhd.

FGV to earn PBT of RM1 billion if CPO to trade at RM2,500 per tonne

KUALA LUMPUR, Jan 14 (Bernama) -- FGV Holdings Bhd should be able to earn profit before tax (PBT) of RM1 billion a year if an average crude palm oil (CPO) price is estimated at RM2,500 per tonne, said its chairman, Datuk Wira Azhar Abdul Aziz.

Malaysia, Singapore transport ministers to meet on Jan 24

By Massita Ahmad

SINGAPORE, Jan 14 (Bernama) -- The meeting between the Transport Ministers of Malaysia and Singapore is expected to be held on January 24 to discuss the airspace over Pasir Gudang, Johor.

Cahya Mata increases stake in Malaysian phosphate additives

KUALA LUMPUR, Jan 14 (Bernama) -- Cahya Mata Sarawak Bhd’s (CMSB) wholly-owned subsidiary, Samalaju Industries Sdn Bhd (SISB), has turned Malaysian Phosphate Additives (Sarawak) Sdn Bhd (MPAS) into a subsidiary by subscribing to new MPAS shares for RM64.24 million in cash.

UMW aims to be excavator market leader with new model launch

KUALA LUMPUR, Jan 14 (Bernama) -- UMW Komatsu Heavy Equipment Sdn Bhd (UMW Komatsu),  a joint-venture company set up recently between UMW Corporation Sdn Bhd and Japanese multinational Komatsu Ltd, has launched a hydraulic excavator model that consumes less fuel than its predecessor.