12 Syawal 1433
STRONG BROADBAND TAKE-UP RATE: Company nets RM348.5m in second quarter
TELEKOM Malaysia Bhd (TM), the country's largest fixed-line phone company, almost tripled its second quarter net profit to RM348.5 million, partly helped by a strong broadband take-up rate.
The company also recorded a 8.6 per cent growth in revenue to RM2.43 billion, versus RM2.23 billion in the same period last year.
During the quarter ended June 30, 2012, the company also added 37,000 new broadband customers to 2.01 million, mainly driven by growth in its Unifi customer base.
To date, TM has more than 420,000 Unifi customers. The company had earlier forecast to hit 400,000 subscribers by year-end.
More information: Btimes
Wednesday, August 29, 2012
Global Investor Confidence Index Falls In August 2012
12 Syawal 1433
SINGAPORE, Aug 29, 2012- Global Investor Confidence Index (ICI) fell in August 2012 on a month-to-month basis, according to State Street Global Markets, the investment research and trading arm of State Street Corporation.
The global ICI fell from July's revised reading of 94.3 to 90.9 in August.
Driving the decline was a sharp deterioration in risk appetite among North American investors: the North American ICI declined 8.7 points from July's revised level of 93.1 to settle at 84.4.
The European ICI was close to unchanged, ticking down half-a-point from 101.7 to 101.2.
Among Asian investors, risk appetite improved for the fourth successive month, and the Asian ICI rose 2.9 points from a revised level of 90.6 to finish at 93.5.
The State Street Investor Confidence Index was developed by Harvard University professor Kenneth Froot and Paul O'Connell of State Street Associates.
It measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.
More information :BERNAMA
SINGAPORE, Aug 29, 2012- Global Investor Confidence Index (ICI) fell in August 2012 on a month-to-month basis, according to State Street Global Markets, the investment research and trading arm of State Street Corporation.
The global ICI fell from July's revised reading of 94.3 to 90.9 in August.
Driving the decline was a sharp deterioration in risk appetite among North American investors: the North American ICI declined 8.7 points from July's revised level of 93.1 to settle at 84.4.
The European ICI was close to unchanged, ticking down half-a-point from 101.7 to 101.2.
Among Asian investors, risk appetite improved for the fourth successive month, and the Asian ICI rose 2.9 points from a revised level of 90.6 to finish at 93.5.
The State Street Investor Confidence Index was developed by Harvard University professor Kenneth Froot and Paul O'Connell of State Street Associates.
It measures investor confidence or risk appetite quantitatively by analysing the actual buying and selling patterns of institutional investors.
More information :BERNAMA
Wednesday, August 8, 2012
Malaysian Economy To Perform Well Relative To Other Asian Nations
20 Ramadhan 1433
SINGAPORE, Aug 9,2012 - The Malaysian economy is poised to continue well relative to other Asian nations as it is supported by strong private consumption growth, says Anthony Yau, Head of Asian Emerging Markets at State Street Global Advisors.
He said the country's economy compared favourably to other Asian nations in terms of Gross Domestic Product (GDP) growth.
"Private consumption has been the primary driver here as it is among the strongest in the region and continues to be supported by widespread pay raises for civil servants heading into the elections," he told Bernama.
More information: BERNAMA
SINGAPORE, Aug 9,2012 - The Malaysian economy is poised to continue well relative to other Asian nations as it is supported by strong private consumption growth, says Anthony Yau, Head of Asian Emerging Markets at State Street Global Advisors.
He said the country's economy compared favourably to other Asian nations in terms of Gross Domestic Product (GDP) growth.
"Private consumption has been the primary driver here as it is among the strongest in the region and continues to be supported by widespread pay raises for civil servants heading into the elections," he told Bernama.
More information: BERNAMA
Thursday, July 26, 2012
Ananda Krishnan sells Maxis stake
7 Ramadhan 1433
KUALA LUMPUR: Tycoon T. Ananda Krishnan is selling up to 375 million shares worth around RM2.35bil in the country's largest mobile phone operator Maxis Bhd, according to a source familiar with the deal.
The shares were being priced at a range between RM6.21 and RM6.34 per share, the source said, representing a 3%-5% discount to the closing price of RM6.54 yesterday.
Officials at Maxis were not immediately available for comment. Ananda, Malaysia's second-richest man, has been selling some of his assets.
More Information: thestar online
KUALA LUMPUR: Tycoon T. Ananda Krishnan is selling up to 375 million shares worth around RM2.35bil in the country's largest mobile phone operator Maxis Bhd, according to a source familiar with the deal.
The shares were being priced at a range between RM6.21 and RM6.34 per share, the source said, representing a 3%-5% discount to the closing price of RM6.54 yesterday.
Officials at Maxis were not immediately available for comment. Ananda, Malaysia's second-richest man, has been selling some of his assets.
More Information: thestar online
Saturday, July 21, 2012
Lotus to open KL showroom
2 Ramadhan 1433
DRB-HICOM Bhd plans to set up a dedicated Lotus showroom in Kuala Lumpur within the next three months, said group managing director Datuk Mohd Khamil Jamil.
“It will be in the city centre. We have identified several areas to house the maiden Lotus outlet in Malaysia under Proton,” said Mohd Khamil.
Bringing Lotus to Malaysia will be a milestone for national carmaker Proton Holdings Bhd, which bought Lotus nearly 16 years ago.
More information:Btimes
DRB-HICOM Bhd plans to set up a dedicated Lotus showroom in Kuala Lumpur within the next three months, said group managing director Datuk Mohd Khamil Jamil.
“It will be in the city centre. We have identified several areas to house the maiden Lotus outlet in Malaysia under Proton,” said Mohd Khamil.
Bringing Lotus to Malaysia will be a milestone for national carmaker Proton Holdings Bhd, which bought Lotus nearly 16 years ago.
More information:Btimes
Google Internet business defies econ worries, ad clicks surge
2 Ramadhan 1433
SAN FRANCISCO: Google Inc's core Internet business increased revenue by 21% in the second quarter, easing Wall Street worries that a slumping global economy would take a toll on the company's online advertising.
Shares of the world's No.1 search engine were up about 3% in after hours trade.
Google, which reported its first set of quarterly results since its May acquisition of Motorola Mobility for US$12.5bil (RM37.5bil), offered few details about its plans to expand into the hardware business, focusing instead on what it described as healthy trends in its traditional online advertising business.
More information: techcentral
Friday, June 29, 2012
Citi Says Not Under Probe For Interest Rate Fixing
10 Syaaban 1433
KUALA LUMPUR, June 29, 2012- More global banks are being investigated for alleged financial market manipulation after Barclays was fined US$453 million, but Citibank has clarified that it is not one of them.
"Citi has confirmed with U.K. government officials that it is not under investigation in the UK for Libor-related issues," Citibank Bhd said in a statement here .
More information : BERNAMA
KUALA LUMPUR, June 29, 2012- More global banks are being investigated for alleged financial market manipulation after Barclays was fined US$453 million, but Citibank has clarified that it is not one of them.
"Citi has confirmed with U.K. government officials that it is not under investigation in the UK for Libor-related issues," Citibank Bhd said in a statement here .
More information : BERNAMA
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