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Blue chips chalked up their biggest gains this week, powered by bank stocks and selected plantation stocks, ahead of the Budget 2009 proposals to be announced this Friday afternoon. read more
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WHILE we debate what goodies Budget 2009 has in store for us today, a matter that should not be forgotten is how the Government is going to sustain and stimulate the economy through its fiscal policies. read more
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Bumi Raya International Holding Company Ltd has revised its takeover offer for Harrison Holdings (Malaysia) Bhd shares from RM1.20 per share to RM1.45. read more
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Blue chips were firmer in early trade on Friday, as investors’ sentiment perked up ahead of the Budget announcement and also the stronger overnight close on Wall Street. read more
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Corporate results from Sunrise, MAHB, Petronas Dagangan, CCM, AirAsia, KPS, RHB Capital and Oriental Holdings. read more
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Wall Street barreled higher Thursday after a better-than-expected reading on the gross domestic product and a drop in jobless claims gave investors some reassurance that the economy is holding up. The Dow Jones industrial average jumped more than 200 points.--------------------------------------------------------------------- read more
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Excitement today is focused on what the Government would do to put back some disposable income into the economy and boost domestic consumption. read more
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Transactions in Unico-Desa Plantations Bhd shares were in full compliance with the listing regulations, said chairman Tan Sri Ngan Ching Wen. read more
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Berjaya Land Bhd (BLand) has entered into a memorandum of agreement with Libya’s Economic and Social Development Fund (ESDF) and the OYIA company to develop an integrated golf resort cum residential and commercial development in Libya. read more
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Commodity prices will remain at the current level until year-end, says PPB Group Bhd chairman Datuk Oh Siew Nam. read more
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Lion Industries Corp Bhd’s performance in the first half year ending Nov 30 will be affected by an estimated lower average selling price for hot briquetted iron (HBI) and steel products, according to an analyst. read more
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Local small and medium enterprises (SMEs) should diversify their businesses and penetrate new markets, said SMI Association of Malaysia national president Chua Tiam Wee. read more
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Asean charted a major milestone yesterday, concluding years of free trade agreement (FTA) negotiations with India and Australia-New Zealand. read more
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Glomac Bhd is reviewing its property launches given the current challenging environment of inflationary pressures and the slowdown in demand for medium-range residential properties. read more
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Tenaga Nasional Bhd (TNB) hopes that the re-negotiation of power purchasing agreements (PPAs) can be concluded by June, president and chief executive officer Datuk Seri Che Khalib Mohamad Noh said yesterday. read more
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Streamlining and reducing the withholding tax could provide a boost to the domestic real estate investment trust industry read more
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Proton Holdings Bhd is confident of sustaining earnings for the rest of the current year ending March 31 (FY09) on improving domestic sales and doubling of exports. read more
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Genting Bhd posted a 23.4% drop in net profit to RM551.9mil for the second quarter ended June 30, versus a year earlier, despite turning in higher revenue. read more
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UEM World Bhd reported net profit of RM19.62mil for the second quarter ended June 30, a contrast from RM498.17mil a year earlier due to the absence of a one-off gain from land sale in June last year. read more
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Malaysian Resources Corp Bhd (MRCB) expects a better fourth quarter on the back of moderating construction and building material prices, says group managing director Shahril Ridza Ridzuan. read more
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Aluminium Co of Malaysia Bhd (Alcom) has posted a net profit of RM6.2mil on revenue of RM102.4mil for its first quarter ended June 30 despite challenging market conditions. read more
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Celcom (M) Bhd has reported a 29% jump in net profit to RM631mil for the six months ended June 30 on a 10% growth in revenue to RM2.71bil against RM2.47bil a year ago. read more
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Muhibbah Engineering (M) Bhd posted net profit of RM21.53mil in the second quarter ended June 30, a 19.6% improvement from RM18mil a year ago, lifted by its infrastructure construction and shipyard divisions. read more
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Diageo Plc, the world’s biggest alcoholic drinks group, yesterday met forecasts with an 11% rise in annual earnings, but cut its profit growth target due to the economic slowdown and rising input costs. read more
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