News

NAZA Italia to open Ferrari showroom in KL

By IZZAT RATNA
NAZA Italia Sdn Bhd, the sole importer and distributor of Ferrari cars in Malaysia, plans to open a showroom for the luxury marque at ...

BEF 2017 aims to improve SMEs branding awareness

By FARA AISYAH
Malaysia External Trade Development Corp (Matrade) and the Branding Association of Malaysia launched the Brand Entrepreneurs Conference ...

CSOs to submit labour migration policy proposal to govt

By NG MIN SHEN
A coalition of civil society organisations (CSOs) plans to submit a report to the government on the need for a comprehensive national ...

Foreign insurers plan Malaysia deals

Overseas insurers including Prudential plc are pursuing plans to sell stakes in their Malaysian units, in deals that could raise at least a combined US$2 ...

Westports expects container volume to contract in 2Q

By MARK RAO
Westports Holdings Bhd’s container throughput will be lower by between 7% and 12% for the year, due to a weak second-quarter (2Q) ...

IFR: Khazanah looks to sell CIMB shares

State-owned investment firm Khazanah Nasional Bhd is looking to sell a block of shares in CIMB Group Holdings Bhd for RM571 million to RM581 million, IFR ...

Takaful Malaysia records 2Q flattish earnings

Syarikat Takaful Malaysia Bhd posted flattish earnings for its second-quarter ended June 30 this year (2Q17), falling 1% year-on-year (YoY) to RM45.07 ...

FGVH appoints Khairil as officer-in-charge

Felda Global Ventures Holdings Bhd (FGVH) has named Datuk Khairil Anuar Aziz as officer-in-charge to take over the duties and responsibilities of the group ...

MMC claims RM32m in losses for oil spill at PTP

MMC Corp Bhd’s 70%-owned subsidiary, Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), is claiming RM31.86 million from Rising Star Shipping Sdn Bhd (RSS) and The ...

BNM releases VBI strategy paper, invites feedback

By NG MIN SHEN
Bank Negara Malaysia (BNM) has released a strategy paper on value-based intermediation (VBI) in collaboration with the local Islamic ...

BAT recovery riding on legal market

By MARK RAO
The illicit cigarette trade continues to eat into British American Tobacco (M) Bhd’s (BAT) earnings, with recovery for the industry ...

Maxis 2Q17 net profit rises 17.6%

By ALIFAH ZAINUDDIN
Maxis Bhd — Malaysia’s largest cellular operator based on market capitalisation — recorded a 17.6% increase in net profit for the ...