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Armada Kraken seen as a boost for Bumi Armada

PETALING JAYA: Bumi Armada Bhd expects the Armada Kraken floating production, storage and offloading unit (FPSO), which achieved first oil last week, to boost the performance of the company. The ... Read More »

Gamuda stands to gain from booming construction sector

PETALING JAYA: Construction outfit Gamuda Bhd’s leading role in the multi-billion-ringgit transportation infrastructure projects will continue to stand it in good stead among investors. Analysts said the company would be ... Read More »

Muted impact on Maxis

PETALING JAYA: There could be some impact on Maxis Bhd’s revenue as a result of U Mobile Sdn Bhd’s termination of a network sharing agreement with the former related to ... Read More »

Biggest US banks clear first hurdle in Fed’s annual stress tests

WASHINGTON/NEW YORK: The 34 largest U.S. banks have all cleared the first stage of an annual stress test, showing they would be able to maintain enough capital in an extreme ... Read More »

CIMB Research sees SP Setia poised to be a property giant

KUALA LUMPUR: CIMB Equities Research sees SP Setia is poised to be a property giant with acquisition of I&P from Permodalan Nasional Bhd (PNB) for RM3.65bil. It said on Friday ... Read More »

Malaysian palm oil/Vegoils: Market factors to watch Friday June 23

KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Friday June 23. FUNDAMENTALS * Malaysian palm oil futures rebounded from ... Read More »

Malaysia Airlines in early talks to buy 35-40 long-range jets

PARIS: Malaysia Airlines is in early negotiations with Airbus and Boeing for the purchase of 35-40 new long-range jets, its chief executive said on Wednesday. Peter Bellew told Reuters the ... Read More »

Limited impact on Malaysia and others from China’s MSCI inclusion

PETALING JAYA: As investors digest the implication of China’s impending entry into the Morgan Stanley Capital International’s (MSCI) global emerging markets (EM) benchmark index, analysts say the decision by United ... Read More »

Country Garden to proceed with Forest City second stage

GELANG PATAH: Country Garden Pacificview Sdn Bhd (CGPV) is going ahead with its RM1.2bil second-stage development of the Forest City project. The second phase will add almost 809.37ha to Forest ... Read More »

Sunsuria on track to achieve RM900mil sales target

SEPANG: Property developer Sunsuria Bhd is on track to achieve its sales target of RM900mil in its current financial year ending September, based on the group’s sales performance so far. ... Read More »

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