RHB Capital Bhd formally received a temporary approval letter from Bank of Lao People's Democratic Republic on October 29, 2013, to establish RHB Bank (Lao) Ltd.
"The incorporation of RHB Bank (Lao) shall commence in due course to fulfill its performance obligations (including the application to relevant authorities in Laos) within six months from the date of temporary approval," it said in a filing to Bursa Malaysia today.
The temporary approval is valid until April 28, 2014.
2013年11月15日星期五
LNG Resources posts Q3 PBT of RM2.165m
LNG Resources Bhd chalked up a pre-tax profit of RM2.165 million for the third quarter ended September 30, 2013, compared with RM434 million registered in the corresponding quarter last year.
Revenue increased to RM14.394 million, during the period under review, from RM6.333 million registered previously, the company said in a filing to Bursa Malaysia today.
The higher profit before tax was in tandem with the increase in group revenue.
On future prospects, the company said the board was of the opinion that the group's financial performance for the year will improve.
Revenue increased to RM14.394 million, during the period under review, from RM6.333 million registered previously, the company said in a filing to Bursa Malaysia today.
The higher profit before tax was in tandem with the increase in group revenue.
On future prospects, the company said the board was of the opinion that the group's financial performance for the year will improve.
MAHB gets DCA's certificates for its 16 airports
SEPANG: Malaysia Airports Holdings Bhd (MAHB) has obtained the Aerodrome and Safety Management System (SMS) Certifications from
the Department of Civil Aviation (DCA) for 16 airports under its management.
The airports comprised all its five international airports and 11
domestic airports.
MAHB chief operating officer Datuk Abdul Hamid Mohd Ali said with the certifications, the company could demonstrate to the world that its airports placed high importance to safety.
"These airports will continue to undergo annual scheduled inspections to ensure that the requirements of the certification are continuously met," he said.
He said this during the aerodrome and SMS certification presentation and launching of runway safety team (RST) and standards and safety handbook here today.
The SMS certification indicates conformance to all safety requirements and achieving continuous improvement in safety performance.
These include the essential features of safety such as policy and strategy, and planning and implementation as well as promotion, records, staff training and competency.
As for the aerodrome certification, it means the airport have met the stringent requirements based on Annex 14 Convention on International Civil Aviation.
He said the handbook launched today was the result of cooperation between Airport Standards Division of the DCA and MAHB, which will become the guidelines to those involved in airport development, operations and maintenance projects
under the management of MAHB.
As for RST, he said this is one of the initiatives from the International Civil Aviation Organisation to ensure operation safety and reduce accidents on runways worldwide.
"Each RST will be represented by a pilot from airline companies, air traffic control officer and airport maintenance staff," he said.
Meanwhile, DCA Director-General Datuk Azharuddin Abdul Rahman said this effort should be continued to ensure that the services and safety at airports are at the highest level.
He said to date, four airports managed by the Royal Malaysian Air Force located in Lahad Datu, Subang, Kuantan and Labuan have applied to obtain the aerodrome and SMS certifications
the Department of Civil Aviation (DCA) for 16 airports under its management.
The airports comprised all its five international airports and 11
domestic airports.
MAHB chief operating officer Datuk Abdul Hamid Mohd Ali said with the certifications, the company could demonstrate to the world that its airports placed high importance to safety.
"These airports will continue to undergo annual scheduled inspections to ensure that the requirements of the certification are continuously met," he said.
He said this during the aerodrome and SMS certification presentation and launching of runway safety team (RST) and standards and safety handbook here today.
The SMS certification indicates conformance to all safety requirements and achieving continuous improvement in safety performance.
These include the essential features of safety such as policy and strategy, and planning and implementation as well as promotion, records, staff training and competency.
As for the aerodrome certification, it means the airport have met the stringent requirements based on Annex 14 Convention on International Civil Aviation.
He said the handbook launched today was the result of cooperation between Airport Standards Division of the DCA and MAHB, which will become the guidelines to those involved in airport development, operations and maintenance projects
under the management of MAHB.
As for RST, he said this is one of the initiatives from the International Civil Aviation Organisation to ensure operation safety and reduce accidents on runways worldwide.
"Each RST will be represented by a pilot from airline companies, air traffic control officer and airport maintenance staff," he said.
Meanwhile, DCA Director-General Datuk Azharuddin Abdul Rahman said this effort should be continued to ensure that the services and safety at airports are at the highest level.
He said to date, four airports managed by the Royal Malaysian Air Force located in Lahad Datu, Subang, Kuantan and Labuan have applied to obtain the aerodrome and SMS certifications
AMMB to maintain profit growth in FY2014
AMMB Holdings Bhd is confident of maintaining a 10-12 per cent profit growth for the financial year ending March 31, 2014, despite the RM40 million provision it had made as a proactive measure to cover clients' trading losses in three penny stocks.
The trading on the Singapore Stock Exchange was done by its wholly-owned Singapore subsidiary, AmFraser Securities Pte Ltd, which had a gross exposure of RM120 million in Blumont Group Ltd, LionGold Corp Ltd and Asiasons Capital Ltd.
Group managing director Ashok Ramamurthy said the banking group was currently working with its remisiers and clients to recover the losses.
"This exposure is the customers' exposure. We are in the process of working with our customers and remisiers to recover the amount.
"Customers who work with us will be given time to repay the amount to us. Customers who don't work with us will be taken to court," he told reporters after announcing AMMB's second quarter financial results today.
Ashok said the recovery exercise was progressing according to expectation and the RM40 million provision was proactively provided in advance of regulatory requirements.
Trading in Blumont, LionGold and Asiasons were suspended on Oct 4, 2013 after the shares of these companies plunged from a massive gains built earlier this year.
The Singapore Exchange Ltd subsequently declared them "designated
securities" restricting trading in the stocks.
On October 21, 2013 the stock exchange lifted these restrictions.
AMMB's half-year performance recorded a pre-tax profit of RM1.24 billion, up from RM1.15 billion, registered in the same period last year.
Revenue jumped to RM4.78 billion in the six-months period compared with RM4.01 billion recorded previously.
The bank proposed an interim dividend of 7.2 sen, representing a payout of 24 per cent
The trading on the Singapore Stock Exchange was done by its wholly-owned Singapore subsidiary, AmFraser Securities Pte Ltd, which had a gross exposure of RM120 million in Blumont Group Ltd, LionGold Corp Ltd and Asiasons Capital Ltd.
Group managing director Ashok Ramamurthy said the banking group was currently working with its remisiers and clients to recover the losses.
"This exposure is the customers' exposure. We are in the process of working with our customers and remisiers to recover the amount.
"Customers who work with us will be given time to repay the amount to us. Customers who don't work with us will be taken to court," he told reporters after announcing AMMB's second quarter financial results today.
Ashok said the recovery exercise was progressing according to expectation and the RM40 million provision was proactively provided in advance of regulatory requirements.
Trading in Blumont, LionGold and Asiasons were suspended on Oct 4, 2013 after the shares of these companies plunged from a massive gains built earlier this year.
The Singapore Exchange Ltd subsequently declared them "designated
securities" restricting trading in the stocks.
On October 21, 2013 the stock exchange lifted these restrictions.
AMMB's half-year performance recorded a pre-tax profit of RM1.24 billion, up from RM1.15 billion, registered in the same period last year.
Revenue jumped to RM4.78 billion in the six-months period compared with RM4.01 billion recorded previously.
The bank proposed an interim dividend of 7.2 sen, representing a payout of 24 per cent
Rubber prices continue downtrend
Malaysian rubber prices closed lower for the third consecutive day this week, weighed by lack of buying interest for the commodity, dealers said.
The buyers were sidelined due to lack of fresh leads, said a dealer.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR20 declined 2.5 sen to 730 sen a kg and latex-in-bulk slipped half-a-sen to 518.5 sen a kg.
However, the unofficial closing price for tyre-grade SMR20 rose one sen to 731 sen a kg while latex-in-bulk was unchanged at 518.5 sen a kg.
The buyers were sidelined due to lack of fresh leads, said a dealer.
At noon, the Malaysian Rubber Board's official physical price for tyre-grade SMR20 declined 2.5 sen to 730 sen a kg and latex-in-bulk slipped half-a-sen to 518.5 sen a kg.
However, the unofficial closing price for tyre-grade SMR20 rose one sen to 731 sen a kg while latex-in-bulk was unchanged at 518.5 sen a kg.
Petronas, Versalis to form jv company
Petronas has inked a shareholders' agreement with Versalis, Eni's chemical unit, to set up a joint venture (JV) company to manufacture, sell and market elastomers.
The elastomers will be produced within the proposed Refinery and
Petrochemical Integrated Development (RAPID) complex in Pengerang, Johor.
In a statement today, the national oil and gas company said its unit, Petronas Refinery and Petrochemical Corporation (PRPC) Sdn Bhd, will have a 60 per cent interest in the proposed JV, and Versalis the rest.
The agreement, for an initial period of 30 years, was signed in Kuala Lumpur by PRPC's chief executive officer Juniwati Rahmat Hussin and Versalis' chief executive officer Daniele Ferrari.
Under the agreement, the JV company will use Versalis' technology
licence and technical know-how to produce and market synthetic rubbers from four separate elastomer plants, it proposes to build within RAPID.
Petronas said this would significantly contribute towards strengthening the company and Malaysia's position as a key downstream petrochemical player in the Asia Pacific.
"This JV also allows PRPC to progressively advance its position in the areas of elastomers and for Versalis to gain a foothold in the Asia Pacific," its chief operating officer and executive vice president for downstream business, Datuk Wan Zulkiflee Wan Ariffin said.
The proposed RAPID project is Petronas' largest liquid-based green-field downstream undertaking in Malaysia.
It will have a 300,000-barrel per day refinery to supply the petrochemical complex, apart from producing a host of refined petroleum products, including gasoline and diesel that meet the Euro 4 and Euro 5 fuel specification
The elastomers will be produced within the proposed Refinery and
Petrochemical Integrated Development (RAPID) complex in Pengerang, Johor.
In a statement today, the national oil and gas company said its unit, Petronas Refinery and Petrochemical Corporation (PRPC) Sdn Bhd, will have a 60 per cent interest in the proposed JV, and Versalis the rest.
The agreement, for an initial period of 30 years, was signed in Kuala Lumpur by PRPC's chief executive officer Juniwati Rahmat Hussin and Versalis' chief executive officer Daniele Ferrari.
Under the agreement, the JV company will use Versalis' technology
licence and technical know-how to produce and market synthetic rubbers from four separate elastomer plants, it proposes to build within RAPID.
Petronas said this would significantly contribute towards strengthening the company and Malaysia's position as a key downstream petrochemical player in the Asia Pacific.
"This JV also allows PRPC to progressively advance its position in the areas of elastomers and for Versalis to gain a foothold in the Asia Pacific," its chief operating officer and executive vice president for downstream business, Datuk Wan Zulkiflee Wan Ariffin said.
The proposed RAPID project is Petronas' largest liquid-based green-field downstream undertaking in Malaysia.
It will have a 300,000-barrel per day refinery to supply the petrochemical complex, apart from producing a host of refined petroleum products, including gasoline and diesel that meet the Euro 4 and Euro 5 fuel specification
Oil prices mixed ahead of US data
Oil prices were mixed Thursday ahead of the release of data on US crude stocks.
Investors are also watching for testimony by incoming Federal Reserve chief Janet Yellen for clues about when the US will cut back, or taper, its US$85 billion monthly bond purchases that have kept interest rates low to support economic recovery.
Benchmark US crude for December delivery was down 4 cents to US$93.84 a barrel at mid-afternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract gained 84 cents to close at US$93.88 on Wednesday.
Brent crude, the international benchmark, was up 39 cents to US$107.29 a barrel on the ICE exchange in London.
The US benchmark is down by about eight per cent in the past month. Traders say further declines are likely.
US crude stockpiles data for the week ended November 8, due later Thursday, are expected to show an increase of 1.8 million barrels, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos. It would the eighth week in a row that stockpiles have risen, suggesting weak demand.
Yellen, who is set to replace Ben Bernanke as Fed chairman at the end of January, will testify before the Senate banking committee later Thursday.
In published introductory remarks, she indicated that Fed's stimulus should continue until the world's No.1 economy show continued signs of improvement.
In other energy futures trading on Nymex:
— Wholesale gasoline added 2.7 cents to US$2.64 a gallon.
— Heating oil shed 0.2 cent to US$2.90 a gallon.
— Natural gas fell 2.7 cents to US$3.539 per 1,000 cubic feet
Investors are also watching for testimony by incoming Federal Reserve chief Janet Yellen for clues about when the US will cut back, or taper, its US$85 billion monthly bond purchases that have kept interest rates low to support economic recovery.
Benchmark US crude for December delivery was down 4 cents to US$93.84 a barrel at mid-afternoon Kuala Lumpur time in electronic trading on the New York Mercantile Exchange. The contract gained 84 cents to close at US$93.88 on Wednesday.
Brent crude, the international benchmark, was up 39 cents to US$107.29 a barrel on the ICE exchange in London.
The US benchmark is down by about eight per cent in the past month. Traders say further declines are likely.
US crude stockpiles data for the week ended November 8, due later Thursday, are expected to show an increase of 1.8 million barrels, according to a survey of analysts by Platts, the energy information arm of McGraw-Hill Cos. It would the eighth week in a row that stockpiles have risen, suggesting weak demand.
Yellen, who is set to replace Ben Bernanke as Fed chairman at the end of January, will testify before the Senate banking committee later Thursday.
In published introductory remarks, she indicated that Fed's stimulus should continue until the world's No.1 economy show continued signs of improvement.
In other energy futures trading on Nymex:
— Wholesale gasoline added 2.7 cents to US$2.64 a gallon.
— Heating oil shed 0.2 cent to US$2.90 a gallon.
— Natural gas fell 2.7 cents to US$3.539 per 1,000 cubic feet
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