Epicon To Acquire 60 Pct Stakes In Rantau Urusan, LPB Construction For RM543.16 Mln

KUALA LUMPUR, July 14 (Bernama) -- Epicon Bhd has entered into a conditional share sale agreement with  Lagenda Properties Bhd to acquire a 60 per cent stake in Rantau Urusan (M) Sdn Bhd and LPB Construction Sdn Bhd (the target companies) for RM543.16 million. 

Milux Proposes To Acquire 100 Pct Stake In Movon For RM150 Mln

KUALA LUMPUR, July 13 (Bernama) -- Home appliance distributor Milux Corporation Bhd has proposed to acquire a 100 per cent equity interest in Movon Sdn Bhd from Abletech Solutions Sdn Bhd (ASSB) and Datuk Dr Lim Jee Gin for RM150 million.

Plantation, Commodity Stocks Lift Bursa Malaysia Higher At Close

By Siti Noor Afera Abu

KUALA LUMPUR, July 13 (Bernama) -- Bursa Malaysia ended higher on Monday as gains in plantation and commodity-related counters offset the cautious regional sentiment.

Bursa Malaysia Opens Higher But Retreats Thereafter

KUALA LUMPUR, July 13 (Bernama) -- Bursa Malaysia opened slightly higher on Monday but retreated thereafter, as investors took profit following the benchmark index’s rally to a two-week high above the 1,690 level last week.

Southeast Asia’s Next Growth Cycle To Be Driven By ‘Fabulous Five’ - Economist

By Nurunnasihah Ahmad Rashid

KUALA LUMPUR, July 12 (Bernama) -- Southeast Asia’s next growth cycle will not be written by one economy, one commodity cycle or one manufacturing corridor, but will instead be shaped by five economies, namely Malaysia, Indonesia, Thailand, the Philippines and Vietnam.

KLCI Futures Likely To Trade Range-Bound Next Week

By Danni Haizal Danial Donald

KUALA LUMPUR, July 11 (Bernama) -- FTSE Bursa Malaysia KLCI (FBM KLCI) futures are expected to trade within a narrow range next week as investors monitor developments in West Asia and their potential impact on global markets.

AM Best Assigns Excellent Ratings To China Ping An Insurance (Hong Kong)

KUALA LUMPUR, July 10 (Bernama) -- Global credit rating agency, AM Best has assigned a financial strength rating of A- (Excellent) and a long-term issuer credit rating of “a-” (Excellent) to China Ping An Insurance (Hong Kong) Company Limited (CPAHK).

Selangor Eyes September Groundbreaking For Carey Island Port, Reviews Potential Operators

By Harizah Hanim Mohamed

BANDUNG, July 10 (Bernama) -- Selangor is ready to break ground on the proposed third port terminal on Carey Island as early as September, subject to the Ministry of Transport's (MOT) approval of the port licence, as the state reviews potential operators for the terminal, Menteri Besar Datuk Seri Amirudin Shari said.

Bursa Malaysia Opens Higher Tracking Wall Street Cues

KUALA LUMPUR, July 10 (Bernama) -- Bursa Malaysia opened higher on Friday, tracking overnight gains on Wall Street spearheaded by tech stocks, amid West Asia uncertainties.

Bursa Malaysia Opens Lower Amid West Asia Uncertainty

KUALA LUMPUR, July 9 (Bernama) -- Bursa Malaysia opened lower on Thursday, reversing the previous session's gains as escalating tensions in West Asia weighed on investor sentiment.

Record Unveils Sharia-Compliant Investment Platform

KUALA LUMPUR, July 8 (Bernama) -- Record Asset Management GmbH (RAM), a subsidiary of London-listed Record Financial Group plc (Record), has launched Record Amanah, a platform offering Sharia-compliant investment solutions to institutional investors, as it expands its private markets business.

Bursa Malaysia Opens Higher, Outperforms Regional Peers

KUALA LUMPUR, July 8 (Bernama) -- Bursa Malaysia opened higher on Wednesday, outperforming the weaker overnight performance on Wall Street and mixed trading across regional markets.