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BUSINESS News List

 
 

Concerted effort needed to make TRX project viable

By Azlee Nor Mahmud

KUALA LUMPUR, June 21 (Bernama) -- The Tun Razak Exchange (TRX) project, which the government has decided to continue, will be viable if all stakeholders make a concerted effort to ensure that financial institutions set up regional headquarters and offices there.

 

TRX is no bailout as it can turn a profit, says Najib

KUALA LUMPUR, June 21 (Bernama) -- Former Prime Minister Datuk Seri Najib Razak today said the Tun Razak Exchange (TRX) project does not have to be bailed out, adding that Finance Minister Lim Guan Eng himself today remarked that the project will show a profit.

 

Sunway group sees 10 pct revenue, profit growth in FY18

PETALING JAYA, June 21 (Bernama) -- Sunway Bhd expects a 10 per cent growth in revenue and profits for the financial year ending Dec 31, 2018 (FY18), driven by improvement reported by most divisions.

 

1MDB is no bailout as it can turn a profit, says Najib

KUALA LUMPUR, June 21 (Bernama) -- Former Prime Minister Datuk Seri Najib Razak has reiterated that 1Malaysia Development Bhd (1MDB) does not have to be bailed out, saying that Finance Minister Lim Guan Eng himself today remarked that the Tun Razak Exchange (TRX) project would show a profit.

 

Worry about global headwinds, not Govt disclosures, investors told

By Tengku Noor Shamsiah Tengku Abdullah

KUALA LUMPUR, June 21 (Bernama) -- Investors should brace themselves as the local bourse will be impacted by a correction in the global equity markets, far more than by the government's disclosures of scandals and federal debt level, says an economist.

 

Johor plans five overseas trade missions to attract investors

ISKANDAR PUTERI, June 21 (Bernama) -- The Johor state government plans to undertake five trade promotion missions this year to not only attract foreign investors but also explore new business opportunities.

 

Sapura Energy bags nine contracts worth RM1.8 billion

KUALA LUMPUR, June 21 (Bernama) -- Sapura Energy Bhd has clinched nine new contracts worth RM1.8 billion, bringing the oil and gas services and solutions provider's order book to RM4.5 billion.