Tenaga Q2 net profit rises on tax credits

Tenaga Nasional Bhd saw net profit for the second quarter ended February rising 31% to RM1.67 billion from a year earlier, helped mainly by tax credits. Stripping away the credits, Tenaga's profit dropped 23% year-on-year mainly due to foreign exchange losses and higher operating expenses. Revenue climbed 13% to RM10 billion... Read More

A London taxi is driven towards central London in early morning sunrise. London

A London taxi is driven towards central London in early morning sunrise. London's black cabs are manufactured in Coventry by Manganese Bronze Holdings Plc, which is owned by Chinese company Geely Holding Group Co. – Reuters pic, April 23, 2014.

Recent Articles

Banking counters drag KLCI to end 2 points lower

Losses in banking counters dragged the FTSE Bursa Malaysia KLCI (FBM KLCI) to close lower in shedding 2.07 points... Read More

Ringgit closes lower against US dollar on improving American economic data

The ringgit closed lower against the US dollar today on the improving US data and speculations that the Federal... Read More

Asia currencies pare gains as yuan retreats, rupiah up

The Chinese yuan broke though a key psychological support level today to hit fresh 16-month lows, causing emerging... Read More

British American Tobacco’s pre-tax profit improves to RM1.15 billion in Q1

British American Tobacco (M) Bhd (BAT) recorded a higher pre-tax profit of RM1.15 billion for the first quarter... Read More

Worst may be over for Asian natural rubber prices

Some tentative signs are emerging that the worst may be behind for natural rubber prices in Asia. Benchmark Tokyo... Read More

Genting Malaysia submits RM3.26 million fee to New York gaming commission

Genting Malaysia Bhd's unit RW Orange County LLC has submitted a US$1 million (RM3.26 million) application fee... Read More

Singapore’s SMRT shares surge, SGX queries activity

Shares in Singapore's main public transportation operator SMRT Corporation Ltd surged as much as 21% to a... Read More

Mitsubishi Motors posts record profit, sees Thai recovery this year

Mitsubishi Motors Corp nearly doubled its operating profit for the year ended March to an all-time high of... Read More

UEM Sunrise optimistic on its property projects in Australia

UEM Sunrise Bhd is optimistic about its property development projects in Australia, said executive director... Read More

Dollar weaker in Asia as US, Japan fail to seal trade deal

The dollar weakened in Asia today as the United States and Japan failed to break a deadlock holding up a... Read More

Biz Updates from PR Newswire