Saturday, August 26th, 2017


[HOT] PNB says it’s ‘not a Ponzi scheme’ while AMMB denies 1MDB a factor in failed merger talks

KUALA LUMPUR: It is rare for The Edge Malaysia to feature two cover stories at the same time in one week, like it has done…

Alipay now available at all 242 Starbucks outlet in Malaysia

KUALA LUMPUR, Aug 26 — Tourists from mainland China can now use Alipay, an e-wallet platform, to make payment in yuan at all 242 Starbucks outlets in Malaysia. In a statement yesterday, Berjaya Starbucks Coffee Company Sdn Bhd said Chinese…

Ringgit likely to trade higher at 4.25-4.27 against greenback next week

KUALA LUMPUR, Aug 26 — The ringgit is expected to trade firmer against the US dollar at 4.2500 to 4.2700 level next week on strong demand for the local note, backed by rising commodity prices and a weaker US dollar.  Affin Hwang Investment…

Oil rises as dollar drops, US Gulf Coast braces for hurricane

NEW YORK, Aug 26 — Oil prices rose nearly 1 per cent yesterday as the dollar fell and the US Gulf Coast braced for Hurricane Harvey, on track to become the biggest storm to hit the United States mainland in more than a decade. The dollar, in…

Call for SMEs to register intellectual property to avoid exploitation

KUALA LUMPUR, Aug 26 —  The Intellectual Property Corporation of Malaysia (MyIPO) has called on small and medium enterprises (SMEs) to immediately register their intellectual property to prevent them from being exploited by irresponsible…

CMS sees earnings improve in 1H17

KUCHING: Cahya Mata Sarawak Bhd (CMS) reported a total revenue of RM670.57 million for 1H17, a 10 per cent decrease to the preceding year’s corresponding period’s (1H16) revenue of RM745.72 million. This was mainly due to lower sales volume in the Construction Materials & Trading and Cement Divisions. Furthermore, the Construction & Road Maintenance Division […]

Strong results for Petronas in 1H17

KUCHING: Petroliam Nasional Bhd (Petronas) yesterday announced strong earnings for the first half of 2017, contributed by higher average realised prices, better margins and boosted by the on-going transformation initiatives to reduce cost and increase efficiency. The Group’s revenue grew to RM108.1 billion, up 15 per cent from RM93.7 billion in the first half of […]

1,500 SMEs to be listed on by November

KUALA LUMPUR: A total of 1,500 pilot small and medium enterprises (SMEs) will be ready for listing on the e-commerce platform by early November, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. The minister said the selection process was conducted by three agencies – SME Corp Malaysia, the Malaysia External Trade Development […]

Weaker second half expected for Bintulu Port due to losses from Samalaju Port

KUCHING: Analysts see Bintulu Port Holdings Bhd’s (Bintulu Port) net profits of RM74.4 million for its first half of 2017 (1H17) as coming in below expectations in anticipation of a weaker 2H17 due to losses from Samalaju Port, which had just commenced operations in June this year. The research team at Kenanga Investment Bank Bhd […]

RM7.1 mln for AIM Nabawan Branch

NABAWAN: The government has allocated RM7.1million to Amanah Ikhtiar Malaysia (AIM) Nabawan Branch this year to provide financing for members to expand their business activities, said Minister in the Prime Minister’s Department Tan Sri Joseph Kurup here. Of these,  RM3.2 million had been issued to them he said, adding that of the total, 90 percent […]