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  • Ingress net profit down 9.1

    posted a 9.1% profit drop to RM6.43mil for its first quarter 2014 from RM7.07mil a year ago due to sales decrease and start up costs. Its revenue was up 2.8% to 196.9mil from RM191.4mil a year ago. Earnings per share were lower at 7.62 sen vs 8.38 sen a year ago. It said its Automotive Components Manufacturing Division (ACM) Malaysia posted lower revenue and profit before taxation due to ...

  • Unimech to list its Indonesian unit

    , Tbk on the Indonesia Stock Exchange. In a Bursa Malaysia statement on Thursday, the engineering solutions company hopes to repay its debts, to raise working capital and raise funds fir uts future expansion throughout Indonesia through the proceeds. "The proposed listing will enable Arita Prima to gain recognition and corporate stature through its listing status and further enhance its ...

  • Maybank sells 9 stake of PT Bank International Indonesia

    said on Thursday the disposal of 5.06 million shares resulted in the free float increasing from 2.7% to 11.7%. "The disposal was completed on June 19, 2013. The group has also entered into a commercial arrangement where the economic exposure resulting from the disposal is being retained. Hence, the disposal will not result in any material financial impact to the group," it said. ...

  • PKFZ Defence in Dr Lings trial for cheating closes case

    in relation to the Port Klang Free Zone (PKFZ) land deal. High Court judge Justice Ahmadi Asnawi set Sept 6 to hear clarifications by both parties after hearing lengthy sworn evidence from the nine defence witnesses. He ordered Dr Ling's lead counsel, Wong Kian Kheong to file his written submissions by July 22 and lead ...

  • Malaysias June 1-20 palm oil exports up 13.6 pct-SGS

    KUALA LUMPUR, June 20 (Reuters) - Exports of Malaysian palm oil products for June 1-20 rose 13.6 percent to 916,768 tonnes from 807,232 tonnes shipped during May 1-20, cargo surveyor Societe Generale de Surveillance said on Thursday. A breakdown of SGS palm export figures for June 1-20 compared to a month ago (in tonnes): PALM PRODUCTS June 1-20 May 1-20 Crude palm ...

Movie Review

In Good Company

In Good Company

In Good Company is a feel-good dramedy about the power of honesty, decency, and good ol' fashioned belief in what one is doing to overcome the perils of faceless corporate hegemony. To fully enjoy the movie, of course, one must overlook the fact that it was produced and distri ... ...

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  • Malaysia well-positioned for significant growth in 2H

    KUALA LUMPUR: Malaysia is well-positioned to achieve significant growth in the second half of 2013, says KPMG Global Chairman, Michael Andrew. He attributed this in part to the removal of political uncertainty in the country. Speaking in Kuala Lumpur following the KPMG Global Board Meeting, he said there had been a consistent focus on high growth and emerging markets like Asean, and with the ...

  • Singapore pollution record after Indonesia fires cause regional haze

    Singapore urged people to remain indoors amid unprecedented levels of air pollution on Thursday as a smoky haze wrought by forest fires in neighbouring Indonesia worsened ...

  • Malaysias PC sales up 18 pct in first quarter

    Reset KUALA LUMPUR (June 20): Malaysia's personal computer (PC) market grew by 18 per cent sequentially in the first quarter (Q1) of 2013 to 898,000 units.In a statement today, IDC, the global provider of market intelligence and advisory services, said on a year-on-year basis, the market, however, showed a decline by the same percentage.IDC said Lenovo emerged as the top vendor as it ...

  • More Singaporean companies making prompt payments

    KUALA LUMPUR: Singapore's economic recovery has resulted in more companies making their payment more promptly, according to the Singapore Commercial Credit Bureau. Its latest payment analysis showed companies' promptness in payment jumped by 17.03 percentage points from 32.79% in 2011 to 49.82% in 2013. The report said on Thursday this was a sharp improvement, mirroring the recent ...

  • KLCI closes 0.59 lower amidst Feds end of stimulus China slowdown

    KUALA LUMPUR: The Malaysian bourse ended Thursday in the red dragged down by losses in blue chips and the weaker regional market as the Fed signals the stimulus scale-back. At 5pm, the FBM KLCI stumbled 10.54 points or 0.59% to 1,762.34. Losers thumped gainers 668 to 172 with 257 unchanged. Turnover was 1.64 billion valued at RM2.017bil. Reuters reported bonds, shares and commodities fell ...

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