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BUSINESS News List

 
 

FGV lauds new government's non-interference stance in GLCs

KUALA LUMPUR, May 18 (Bernama) -- Felda Global Ventures Holdings Bhd (FGV) supports the government's non-interference stance with regards to government-linked companies (GLCs), said Chief Executive Officer (CEO), Datuk Zakaria Arshad.

 

Volkswagen announces new prices with zero GST

KUALA LUMPUR, May 18 (Bernama) -- Volkswagen Passenger Cars Malaysia today announced the updated prices of its model range, effective June 1, in line with the newly-revised Goods and Services Tax (GST) rate of zero per cent by the government.

 

Shares of Petronas Gas up in morning session

KUALA LUMPUR, May 18 (Bernama) -- Shares of Petronas Gas Bhd rose in the morning session today after posting a strong first quarter financial performance.

 

Long term outlook for Aurigen Reinsurance Ltd stable

KUALA LUMPUR, May 18 (Bernama) -- A.M. Best outlook for the Long-Term ICR has been revised to stable from positive for Aurigen Reinsurance Ltd (Pembroke, Bermuda) based on the company's intention to merge Aurigen Reinsurance Ltd with PartnerRe Life Reinsurance Company of Bermuda Ltd and eliminate Aurigen Reinsurance Ltd. The outlook for the FSR remains stable.

 

Malaysia's economy grows 5.4 per cent in 1Q18

KUALA LUMPUR, May 17 (Bernama) -- Malaysia's economy grew by 5.4 per cent in the first quarter of 2018 (1Q 2018), underpinned by continued expansion in private sector activity and strong support from net exports.

 

IHH extends validity of offer to buy stake in India's Fortis

NEW DELHI, May 18 (Bernama) -- Malaysia's IHH Healthcare Bhd has extended the validity of its revised offer to acquire a stake in Indian hospital chain, Fortis.

 

Adya Hotel forges cooperation with Indonesia's Hotel Sahira

By Hamdan Ismail

LANGKAWI, May 18 (Bernama) -- Adya Hotel Langkawi, an Islamic concept hotel owned by the Kedah government, has forged cooperation with Hotel Sahira in Bogor, Indonesia, which has a similar model for its operations.