KUALA LUMPUR (June 30): Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives closed lower today, amid some profit-booking activities due to some pullback in global crude oil prices, a dealer said. He said that concerns over declining palm oil production due to the prevailing dryness in parts of producing regions, are seen capping […]

KUALA LUMPUR (June 30): Broad money (M3) growth moderated to 5.5 per cent in May, driven by credit extension to the private sector by the banking system, said Bank Negara Malaysia (BNM). BNM in a statement today, said the expansion, however, was partially offset by the decline in net foreign assets and net financing to […]

KUALA LUMPUR (June 30): Hiap Teck Venture Bhd said its net profit for the third quarter to end-April 2014 rose to RM13.57 million, up 48.8% from RM9.12 million a year ago. It recorded a 6.2% growth in revenue in the third quarter to end-April 2014 (Q3FY2014) to RM296.7 million, from RM279.3 million achieved in Q3FY2013. […]

KUALA LUMPUR (June 30): Telekom Malaysia Bhd’s (TM) unit, Telekom Research & Development Bhd (TM R&D), has signed a memorandum of understanding (MOU) with ZTE Corp Bhd to collaborate on next-generation passive optical network (NGPON) research to enable higher bandwidth for TM customers. In a statement today, TM said the MOU encompassed joint NGPON research […]