Malaysia Business News

Malaysia issues China's ICBC local banking licence

Malaysia issues China's ICBC local banking licence
AFP - Saturday, November 21

KUALA LUMPUR (AFP) - - Malaysia's finance ministry has issued a commercial banking licence to China's largest bank, the country's central bank announced Friday. More »

  • PETRONAS DAGANGAN RECORDS PRE-TAX PROFIT OF RM268.716 MLN IN Q2

    Bernama - Saturday, November 21

    KUALA LUMPUR, Nov 20 (Bernama) -- Petronas Dagangan Bhd recorded a lower pre-tax profit of RM268.716 million in the second quarter ended Sept 30 this year compared to pre-tax profit of RM273.595 million in the same period in 2008.

  • PLUS POSTS PRE-TAX PROFIT OF RM1.187 BLN FOR NINE MONTHS

    Bernama - Saturday, November 21

    KUALA LUMPUR, Nov 20 (Bernama) -- PLUS Expressways Bhd recorded a 7.3 per cent higher pre-tax profit of RM1.187 billion for its nine-month financial period ended Sept 30, 2009 from RM1.106 billion in the previous corresponding period.

  • GOVT FOCUSED ON PROMOTING QUALITY BRANDS

    Bernama - Saturday, November 21

    KUALA LUMPUR, Nov 20 (Bernama) -- The Government is focused on promoting quality brands to build consumer loyalty and differentiate Malaysian products and services in the market.

  • GDP GROWTH OF 5 PCT FOR 2010 POSSIBLE TO ACHIEVE, SAYS ZETI

    Bernama - Saturday, November 21

    KUALA LUMPUR, Nov 20 (Bernama) -- Malaysia can achieve a five per cent gross domestic product (GDP) growth next year driven by the encouraging global economic performance and domestic demand, said Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz.

  • UMW GROUP RECORDS Q3 PRE-TAX PROFIT OF RM288 MLN

    Bernama - Saturday, November 21

    KUALA LUMPUR, Nov 20 (Bernama) -- The UMW Group announced a pre-tax profit of RM288.2 million for the third quarter ended Sept 30, 2009, a 55.4 per cent growth from the pre-tax profit of RM185.5 million in the second quarter.

  • [NEWS] PREPARE FOR CHANGE IN TRADE, SHIPPERS TOLD

    Bernama - Saturday, November 21

    They also allow them to be well connected with their vendors, suppliers and business partners and to reach their markets fast,” he said.

  • AIRASIA RECORDS PRE-TAX PROFIT OF RM136.26 MLN IN Q3

    Bernama - Saturday, November 21

    KUALA LUMPUR, Nov 20 (Bernama) -- AirAsia Bhd today recorded a pre-tax profit of RM136.26 million in the third quarter ended Sept 30 this year compared to a pre-tax loss of RM504.328 million in the same quarter of 2008.

  • AIRASIA PLANS FLIGHTS TO INDIA VIA THAILAND

    Bernama - Saturday, November 21

    SEPANG, Nov 20 (Bernama) -- AirAsia, Asia's leading low cost airline, plans to fly to Delhi, Kolkata and Amritsar via its Bangkok hub by the first half of next year, said group chief executive officer Datuk Seri Tony Fernandes.

  • FOREIGN INSURANCE FIRMS KEEN TO ACQUIRE JERNEH INSURANCE

    Bernama - Saturday, November 21

    KUALA LUMPUR, Nov 20 (Bernama) -- Jerneh Asia Bhd and its stakeholder, Paramount Corporation Bhd (PCB) submitted their application to Bank Negara Malaysia today on the proposed acquisition of Jerneh Insurance Bhd by interested foreign parties.

  • PREPARE FOR CHANGE IN TRADE, SHIPPERS TOLD

    Bernama - Saturday, November 21

    KUALA LUMPUR, Nov 20 (Bernama) -- Sweeping changes are already changing the face of trade and those unprepared for even bigger changes when liberalisation and economic integration run at full pace will lose out, participants at a shippers’ conference were told.

  • AirAsia profits climb

    AirAsia profits climb

    AFP - Saturday, November 21

    KUALA LUMPUR (AFP) - - Budget carrier AirAsia said on Friday its net profits rose in the third quarter, despite a downturn in the aviation sector, due to higher passenger numbers and cost-cutting measures.

  • [NEWS] AFFIN HOLDINGS GAINS RM140 MILLION IN PRE-TAX PROFIT

    Bernama - Saturday, November 21

    Affin Investment Bank Bhd recorded a pre-tax profit of RM53.1 million for the Jan-Sept period compared to RM22.6 million pre-tax loss in last year's correponding quarter.

  • TM POSTS RM217.761 MLN PRE-TAX PROFIT IN THIRD QUARTER

    Bernama - Saturday, November 21

    KUALA LUMPUR, Nov 20 (Bernama) -- Telekom Malaysia Bhd's (TM) pre-tax profit in the third quarter ended Sept 30, 2009 rose 57.67 per cent to RM217.761 million from a pre-tax loss of RM138.116 million in the same quarter last year.

  • AFFIN HOLDINGS GAINS RM140 MILLION IN PRE-TAX PROFIT

    Bernama - Saturday, November 21

    KUALA LUMPUR, Nov 20 (Bernama) -- AFFIN Holdings Bhd (AFFIN), a home-grown financial services conglomerate, today announced a RM140 million pre-tax profit for its third quarter ended Sept 30, 2009.

  • MALAYSIA ISSUES COMMERCIAL BANK LICENCE TO ICBC OF CHINA

    Bernama - Saturday, November 21

    KUALA LUMPUR, Nov 20 (Bernama) -- Prime Minister cum Minister of Finance Datuk Seri Najib Tun Razak has approved the issuance of a commercial bank license to Industrial and Commercial Bank of China Ltd (ICBC), the largest commercial bank in the People's Republic of China.

  • [NEWS] MUSA ASKS MANUFACTURING SECTOR TO FIND NICHE MARKET FOR UNIQUE PRODUCTS

    Bernama - Saturday, November 21

    " There are a range of downstream products that we can come up with from these sectors which can be used to position ourselves in the region," he said.

  • MUSA ASKS MANUFACTURING SECTOR TO FIND NICHE MARKET FOR UNIQUE PRODUCTS

    Bernama - Saturday, November 21

    KOTA KINABALU, Nov 20 (Bernama) -- Chief Minister Datuk Seri Musa Aman has asked the manufacturing sector to find niche markets for some of the state's unique products by becoming more innovative.

  • UNIT TRUST PRICES - 6: NOV 20

    Bernama - Saturday, November 21

    UNIT TRUST - 6 (MANAGER'S PRICE FOR NOV 23) NAV OSK-UOB UNIT TRUST MANAGEMENT BHD: ---------------------------------- OSK-UOB EQUITY TRUST* RM0.7089 OSK-UOB SMALL CAP OPPORTUNITY TRUST RM0.8445 OSK-UOB KIDSAVE TRUST: RM0.5253 KLCI TRACKER FUND: RM0.6740 OSK-UOB DANA ISLAM: RM0.7502 OSK-UOB INCOME FUND: RM1.2586 OSK-UOB EMERGING OPPORTUNITY UNIT TRUST* RM0.4994 OSK-UOB SMART TREASURE FUND RM0.6097 OSK-UOB SMART BALANCED FUND RM0.7460 OSK-UOB SMART INCOME FUND RM0.5937 OSK-UOB GROWTH AND INCOME FOCUS TRUST RM0.6188 OSK-UOB GLOBAL EQUITY YIELD FUND* RM0.3487 OSK-UOB ASIA PACIFIC FUND* RM0.3058 OSK-UOB MONEY MARKET FUND RM1.0234 OSK-UOB GLOBAL ALLOCATION FUND* RM0.4965 OSK-UOB RESOURCES FUND* RM0.6045 OSK-UOB GLOBAL NEW STARS FUND* RM0.2989 OSK-UOB MUHIBBAH INCOME FUND RM0.4674 OSK-UOB GOLDEN DRAGON FUND* RM0.4389 OSK-UOB ASIAN REAL ESTATE FUND* RM0.3808 OSK-UOB THEMATIC GROWTH FUND RM0.2357 OSK-UOB ASIA ACTIVE ALLOCATION FUND* RM0.4657 OSK-UOB INSTITUTIONAL ISLAMIC MONEY MARKET FUND RM1.0010 OSK-UOB BIG CAP CHINA ENTERPRISE FUND* RM0.5160 OSK-UOB ASIAN GROWTH OPPORTUNITIES FUND* RM0.4723 OSK-UOB MALAYSIA DIVIDEND FUND RM0.2883 OCK-UOB CAPITAL PROTECTED GOLD-LINKED FUND* RM1.0199 OSK-UOB GLOBAL CAPITAL FUND * RM0.4054 OSK-UOB CAPITAL PROTECTED EQUITY FUND* RM1.0760 OSK-UOB INCOME ALPHA FUND* RM0.5122 OSK-UOB CASH MANAGEMENT FUND* RM1.0267 OSK-UOB CAPITAL PROTECTED KLCI ADVANTAGE FUND* RM0.9865 OCK-UOB ENERGY FUND* RM0.5090 OCK-UOB CAPITAL PROTECTED ONE ADVANTAGE FUND* RM1.0058 OSK-UOB CAPITAL PROTECTED GOLD GURU FUNDS * RM1.0331 OSK-UOB GOLD AND GENERAL FUND* RM0.6054 OSK-UOB CAPITAL PROTECTED CHINA A-SHARE FUND* RM0.9838 OSK-UOB GLOBAL STIMULUS FUND RM0.5035 OSK-UOB CAPITAL PROTECTED CHINA A-SHARE FUND - RM1.0000 SERIES 2

  • [NEWS) M'SIAN COMPANY ENTERS THAILAND TO SEEK MERCURY CONTAMINATION MARKET

    Bernama - Saturday, November 21

    " It can pose serious risk to health if left unchecked and can shut down plants.

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