The Star Online: Business
Update: Friday, July 04, 2008 MYT 7:27:45 PM
TRC to see impact of Bintulu project in FY09-10
TRC Synergy Bhd, which secured a RM88.9mil contract from Bintulu Port for construction work at the port, is expected to see the impact to in the financial years ending Dec 31, 2009 and 2010 (FY09-10), says OSK Investment Research.
Karambunai, Landlovers Korea in Sabah venture
Karambunai Corp Bhd and Landlovers Korea Co Ltd plan to build a Korean village resort in the Karambunai peninsular, Kota Kinabalu.
Fewer property launches in Penang
There will be fewer property projects launched in Penang this year due to the rising cost of fuel and building materials.
May exports surge to highest ever RM60.6b
Malaysia’s exports surged to RM60.59bil in May this year, up 22% from RM49.67bil a year ago, boosted by the electrical and electronics (E&E) segment.
KLCI falls to 16-month low
Blue chips fell from in the morning session Friday when trading resumed after a one-day suspension yesterday due to a technical glitch, dragging the KL Composite Index down to a 16-month low.
Kuok Brothers buys 500,000 Transmile shares
Kuok Brothers Sdn Bhd increased its shareholding in Transmile Group Bhd to 48.6 million shares after acquiring 500,000 shares recently.
US fund sells down Innity stake
US-based fund Thamelise Capital LLC disposed of 1.98 million shares in Innity Corporation Bhd just after the company was listed on the stock exchange.
KLCI resumes trade, falls 25 pts
Bursa Malaysia resumed trading Friday after a one-day trading halt, but pent-up selling pressure saw the KLCI falling more than 25 points at the opening bell, sending it to more than a one-year low.
T. Rowe Price ceases to be AirAsia substantial shareholder
T. Rowe Price Associates, Inc ceased to be a substantial shareholder in AirAsia Bhd, which has seen its shares come under selling pressure in recent weeks due to surging fuel prices.
Scomi unit sees good revenue from Venezuela
Scomi Group Bhd’s oilfield services subsidiary Scomi Oiltools Sdn Bhd expects the revenue contribution from Venezuela to be maintained at 5% to 8% for this financial year ending Dec 31.
