Sabah & Sarawak
Improvements seen in Dayang’s quarterly earnings
Dayang Enterprise Holdings Bhd’s (Dayang) earnings could witness further improvements in the second quarter of 2015 (2Q15). AllianceDBS Research Sdn Bhd yesterday said the oil and gas company’s earnings could pick up in 2Q15 as some of the company’s vessels have managed to secure shorter term charters to carry out work orders.
Labuan IBFC records 12.3 pct growth in registration of companies for FY2014
The Labuan International Business and Financial Centre (Labuan IBFC) recorded a 12.3 per cent growth in new companies registered in Labuan for the financial year ended Dec 31, 2014. Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar Aziz said a strategic connectivity with Asia, greater trade and investment linkages had supported an expansion in Labuan’s business activities.
Exceptional performance for Sarawak Cable in 1Q15
Sarawak Cable Bhd (Sarawak Cable) yesterday announced results for the first quarter ending March 2015 (1Q15) with turnover amounting to RM343.61 million.
This represents a jump of 334 per cent or 4.3 times from RM79.21 million seen in the same quarter last year.
Analysts cautious on Jaya Tiasa over lower FBB production
Analysts are cautious over Jaya Tiasa Holdings Bhd’s (Jaya Tiasa) performance in coming quarters on the back of weak fresh fruit bunch (FFB) production and higher production costs seen in its third quarter of financial year 2015 (3QFY15).
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National
Japanese firms showing interest in Islamic finance, halal industry
Japanese businesses, for decades among the biggest investors in Malaysia, are expressing growing interest in Islamic finance and the halal industry, said Prime Minister Datuk Seri Najib Tun Razak.
Petronas’ Bukit Tua field in Indonesia comes on stream
Petronas reached a significant milestone in its upstream operations in Indonesia as its Bukit Tua field came on stream on May 17.
Khazanah appoints administrator for MAS
Khazanah Nasional Bhd, the sole shareholder of Malaysia Airlines (MAS), has appointed Datuk Mohammad Faiz Azmi as Administrator for the airline, effective Monday. The appointment of the administrator will facilitate the transfer of selected assets and liabilities from MAS to the new company, Malaysia Airlines Bhd, effectively by Sept 1,2015.
Malaysia slides in IMD world competitiveness rank
IMD announced its annual world competitiveness ranking which looks at several aspects of each country as a place to conduct business. A general analysis of the 2015 ranking shows that top countries are going back to the basics. Malaysia ranked 14th in the list this year
Malaysia’s international investment position at RM1.2 billion
The net liabilities position of Malaysia’s international investment stood at RM1.2 billion at the end of the first quarter, an improvement of RM11.9 billion, from RM13.1 billion registered at the end of last year.