25 September 2020, Friday | 11:17am

Business

Gamuda posts RM173.14m in net profit for Q2

KUALA LUMPUR: Gamuda Bhd posted a net profit of RM173.14 million for the second quarter ended January 2019, lower than the RM223.64 million a year ago.

Amir Hamzah to helm TNB for next 3 years

KUALA LUMPUR: Tenaga Nasional Bhd has announced the resignation of Datuk Seri Azman Mohd as president and chief executive officer (CEO) effective March 31.

MAHB continues to improve airport network connectivity

LANGKAWI: Malaysia Airports Holdings Bhd (MAHB) is intensifying its efforts to improve airport network connectivity and promote inbound tourism into Langkawi, via the Langkawi International Airport (LGK).

KUB board willing to resign

KUALA LUMPUR: The board members of KUB Malaysia Bhd are willing to resign en bloc if required by its new controlling shareholder Datuk Seri Johari Abdul Ghani, two sources with knowledge of the matter said.

Tokyo stocks close lower

TOKYO: Tokyo stocks ended lower on Wednesday despite gains on Wall Street, but the downside was limited by bargain-hunting after recent declines on the market.

Airbus secures US$35bil China deal in new blow to Boeing

PARIS: Airbus SE secured a US$35bil jet deal from China during a state visit by President Xi Jinping to the French capital, dealing a fresh blow to Boeing Co as it grapples with the grounding of its best-selling jet.

AirAsia owes TIA Rs 194m, requests the airport to waive some of the dues

KUALA LUMPUR: AirAsia X Bhd is owing Tribhuvan International Airport (TIA) Rs 194 million, of which around Rs 130 million is related to late fees, according to a newsreport.

Samsung Electronics flags earnings miss as chip prices slide

SEOUL: Samsung Electronics Co Ltd said on Tuesday first-quarter profit would likely miss market expectations due to falls in chip prices and slowing demand for display panels, in an unprecedented statement ahead of its earnings guidance.

Billionaire Ananda Krishnan's Bumi Armada near RM2bil loan deal

Shares of Bumi Armada tanked 80 percent last year, while the benchmark FBM KLCI declined 5.9%. The company reported a net loss of RM2.3bil in 2018, compared with a net income of RM352.2mil a year earlier. Ananda is Malaysia’s fifth-richest person with a net worth of about RM18.4bil.

Government targets RM16b revenue from aerospace industry this year

LANGKAWI: The government aims to generate up to RM16 billion in revenue from the aerospace industry this year, says International Trade and Industry Minister Datuk Darell Leiking.