Sat08292015

LAST_UPDATEFri, 28 Aug 2015 11pm

CIMB Group’s Q2 Pre Tax Profit Falls To RM883.74m

KUALA LUMPUR — CIMB Group’s pre-tax profit for the second quarter (Q2) ended June 30, 2015 fell to RM883.74 million from RM1.28 billion in the same period last year.

Read more: CIMB Group’s Q2 Pre Tax Profit Falls To RM883.74m

World Bank’s IFC Gets Preliminary Top Rating For $100m Sukuk

WASHINGTON: The International Finance Corp (IFC), the World Bank’s lender to the private sector, has received a preliminary AAA rating from Standard & Poor’s for a proposed $100 million issuance of sukuk, or Islamic bonds.

Read more: World Bank’s IFC Gets Preliminary Top Rating For $100m Sukuk

Air China Reports Leap In H1 Profit On Lower Fuel Costs

SHANGHAI — Air China, the country's flag carrier, said its net profit surged more than 720 per cent year-on-year in the first half of 2015, supported by lower fuel prices.

Read more: Air China Reports Leap In H1 Profit On Lower Fuel Costs

Myanmar Airport Project Delayed Four Years On Lack Of Funds

YANGON — A long-delayed international airport project in Myanmar has been postponed again, by four years this time, because of a delay in securing funds, state media and an official source said today.

Read more: Myanmar Airport Project Delayed Four Years On Lack Of Funds

Asia Markets Rally After Strong US Growth Figures

SHANGHAI — Asia stocks extended their rally today, taking heart from strong US growth figures to cement a recovery after a torrid week when global markets took fright over China's gloomy economic outlook.

Read more: Asia Markets Rally After Strong US Growth Figures

Global InterGold: The Secret Of Finding And Making Money

Why does the demand for stable assets grow in today's world? Why do some manage to save and multiply their capital while others lose what they have earned?

Read more: Global InterGold: The Secret Of Finding And Making Money

Oil Markets Catch Breath After Biggest Gains In Six Years

Crude oil futures were largely steady on Friday after posting their biggest one-day rally in over six years the day before led by recovering equity markets and news of diminished crude supplies.

Read more: Oil Markets Catch Breath After Biggest Gains In Six Years

KPJ Healthcare Q2 Earnings Up 6.7%

PETALING JAYA: KPJ Healthcare Bhd’s net profit rose 6.7% to RM36 million in the second quarter ended June 30, 2015, from RM33.7 million a year ago, in line with the increase in revenue and contribution from its hospitals.

Read more: KPJ Healthcare Q2 Earnings Up 6.7%

Ringgit On Uptrend After Improvement In US Economy

KUALA LUMPUR: The ringgit closed higher against the US dollar today.

Read more: Ringgit On Uptrend After Improvement In US Economy

Airasia X Says Person In Management Position Authorised Fictitious Payments

PETALING JAYA: AirAsia X Bhd today announced that its internal and external auditors have recently discovered that certain payments have been made to a service provider between the period of 2010 to 2014 for services which are fictitious.

Read more: Airasia X Says Person In Management Position Authorised Fictitious Payments