| LATEST NEWS | PM Anwar urges plantation companies to collaborate with oil palm smallholders to increase their yield and income | PM Anwar to raise issue on cooperation between plantation companies and oil palm smallholders in next week's Cabinet meeting | Floods: NADMA, state govt to channel up to RM1,500 to victims at PPS - Selangor MB. | Development works in Puncak Alam temporarily halted for flood mitigation plans review - Selangor MB. | Families of all victims of the Nepal-Tibet flood tragedy to receive one-off RM10,000 assistance - Ramanan | |
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Economy
Nestcon Unit Clinches RM161 Mln Contract To Build Serviced Apartment Tower
KUALA LUMPUR, Nov 6 (Bernama) -- Nestcon Bhd’s wholly owned subsidiary Nestcon Builders Sdn Bhd (NBSB) today accepted the letter of award (LOA) from BU Developments Sdn Bhd for the construction of one block of 36-storey serviced apartments in Bandar Baru Ulu Kelang, Gombak, Selangor, worth RM161 million.
Market
KLCI Futures Close Lower In Line With Cash Market
KUALA LUMPUR, Nov 6 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures on Bursa Malaysia Derivatives ended lower on Friday, in line with the negative cash market performance.
Rubber Market Ends Lower On Regional Futures Weakness, Higher Thailand Output Expected
By Durratul Ain Ahmad Fuad
Bursa Malaysia Extends Losses At Midday On Weak Sentiment
KUALA LUMPUR, Nov 6 (Bernama) -- Bursa Malaysia continued its downtrend at midday on Friday, tracking losses among most regional peers as selling in heavyweight counters weighed on the market amid weak sentiment following Wall Street’s overnight rout.
KLCI Futures Lower In Early Trade
KUALA LUMPUR, Nov 6 (Bernama) -- The FTSE Bursa Malaysia KLCI (FBM KLCI) futures contracts on Bursa Malaysia Derivatives traded lower in early trading today.
Corporate
12 Insurance Policies Related To Nepal Disaster Settled, Says Piam
KUALA LUMPUR, Nov 6 (Bernama) -- A total of 12 insurance policies involving Malaysians affected by the floods and landslides in Nepal have been fully settled by insurance companies, according to the General Insurance Association of Malaysia (PIAM).
MHB Completes RM350 Mln Sukuk Murabahah Issuance
KUALA LUMPUR, Nov 6 (Bernama) -- Malaysia Marine and Heavy Engineering Holdings Bhd (MHB) has completed the issuance of sukuk murabahah with an aggregate nominal value of RM350 million under its sukuk murabahah programme of up to RM1.0 billion.
Public Bank 3Q Net Profit Falls 3.8 Pct To RM1.77 Bln
KUALA LUMPUR, Nov 6 (Bernama) -- Public Bank Bhd posted a lower net profit of RM1.77 billion in the third quarter (3Q) ended Sept 30, down from RM1.84 billion, while revenue rose to RM7.74 billion from RM7.41 billion previously.