Tue11212017

LAST_UPDATETue, 21 Nov 2017 10am

Serba Dinamik's Net Profit Jumps 500pc

KUALA LUMPUR: Integrated engineering services provider Serba Dinamik Holdings Bhd posted a 500 per cent jump in its second quarter net profit ended June 30, 2017, from RM13.67 million to RM83.6 million in the same preceding quarter last year.

Read more: Serba Dinamik's Net Profit Jumps 500pc

Digital Economy's Potential Growth, Abuse Soar : Jailani

Pic: BernamaKUALA LUMPUR: The digital economy’s potentials – potential growth and abuses – have increased dramatically, said Communications and Multimedia Deputy Minister Datuk Jailani Johari.

Read more: Digital Economy's Potential Growth, Abuse Soar : Jailani

Many Have Underestimated Petronas Chemicals: Maybank IB

KUALA LUMPUR: Petronas Chemicals Bhd’s (PCB) higher net profit of 45 per cent year-on-year was within expectation but way above consensus, says Maybank Investment Bank (Maybank IB).

Read more: Many Have Underestimated Petronas Chemicals: Maybank IB

1MDB Pays Abu Dhabi Fund S$477 Million Ahead Of Aug 12 Deadline

Pic: ReutersKUALA LUMPUR: Malaysia's state fund 1Malaysia Development Bhd (1MDB) has wired US$350 million (S$477 million) to Abu Dhabi's International Petroleum Investment Co (IPIC), the first tranche of a debt repayment scheme, banking sources said.

Read more: 1MDB Pays Abu Dhabi Fund S$477 Million Ahead Of Aug 12 Deadline

Bursa Malaysia Lower On Geopolitical Tensions, CI Opens Lower

KUALA LUMPUR: The weak market sentiment, largely due to the geopolitical tensions between the US and North Korea, continued to affect investors' risk appetite on Bursa Malaysia, influencing the key index and other counters to open broadly lower this morning, dealers said.

Read more: Bursa Malaysia Lower On Geopolitical Tensions, CI Opens Lower

Snap Co-Founders Will Not Sell Shares, CEO Says

Pic: ReutersSnap Inc Chief Executive Evan Spiegel said on Thursday neither he nor co-founder Bobby Murphy would sell shares of the Snapchat parent this year, but that failed to soothe investors after quarterly results fell short of analyst expectations.

Read more: Snap Co-Founders Will Not Sell Shares, CEO Says

Sim Kheng Boon Appointed CEO Of Development Bank Of Sarawak

Sim Kheng Boon.KUCHING – The Sarawak Chief Minister’s (CM) Office today announced the appointment of Sim Kheng Boon as the Chief Executive Officer (CEO) of the newly-formed Sarawak Development Bank Bhd (DBOS) effective Aug 1, 2017.

Read more: Sim Kheng Boon Appointed CEO Of Development Bank Of Sarawak

Astro Unit Issues RM300 Mln MTNs

KUALA LUMPUR -- Astro Malaysia Holdings Bhd's unit, Measat Broadcast Networks Sdn Bhd (MBNS), has issued the first series of medium term notes (MTNs) amounting to RM300 million in nominal value pursuant to the latter’s MTN Programme of up to RM3 billion.

Read more: Astro Unit Issues RM300 Mln MTNs

MAHB Records 7.1 Pct Passenger Growth In July 2017

KUALA LUMPUR -- Malaysia Airports Holdings Bhd’s (MAHB) network of airports, including Istanbul Sabiha Gokcen International Airport (Istanbul SGIA) recorded 11.4 million passengers in July 2017, a 7.1 per cent growth over the same month of 2016.

Read more: MAHB Records 7.1 Pct Passenger Growth In July 2017

MATRADE Aims To Garner RM350 Mln Sales At CAEXPO

KUALA LUMPUR -- The Malaysia External Trade Development Corporation (MATRADE) aims to garner RM350 million in sales at the 14th China ASEAN Expo (CAEXPO) 2017 from Sept 12 to 15, 2017. 

Read more: MATRADE Aims To Garner RM350 Mln Sales At CAEXPO