Malayan Banking Bhd (Maybank) has been named the safest bank in Malaysia again by monthly financial magazine, Global Finance, as part of an exclusive survey to be published in its November 2019 issue.

Apart from Maybank, Singapore’s DBS Bank, Brunei’s Bank Islam Brunei Darussalam and Indonesia’s Bank Central Asia are also on the list for the Asian region.

Banks were selected through an evaluation of long-term foreign currency ratings from Moody’s, Standard & Poor’s and Fitch as well as the total assets of the 1,000 largest banks worldwide, Global Finance said in a statement.

Mudajaya Corp Bhd has been granted a Worldwide Mareva Injunction up to the value of RM49.31 million as well as Ancillary Orders prohibiting its former employee and three other individuals from any dissipation of assets.

This order is also to prohibit any third party from knowingly assisting or permitting a breach of the order until the disposal of the full trial, Mudajaya Group Bhd said in a filing with Bursa Malaysia today, adding that the case involving its unit will now proceed to full trial.

Texchem Resources Bhd reported a net profit of RM2.42 million for its first quarter ended March 31, 2019 (1QFY19), as it recorded an exceptional income of RM4.54 million versus a net loss of RM2 million in the same quarter last year.

In December 2015, the ministry of finance — under the previous administration — sold off a 60% stake in Bandar Malaysia to a consortium, comprising Iskandar Waterfront Holdings Sdn Bhd and China Railway Engineering Corp (M) Sdn Bhd, to be the project's master developer.

AME Elite Consortium Bhd has proposed to acquire a piece of land in Kulai, Johor, measuring approximately 6.08 hectares for RM25 million to develop units of industrial buildings with a gross development value of RM120 million.

“The development cost will be funded by stage-of-completion payments from customers, as well as internally generated funds and/or bank borrowing in which the quantum or proportion has not been determined.

Building material supplier Chuan Huat Resources Bhd has disposed of its entire 6.03% indirect stake in loss-making Amalgamated Industrial Steel Bhd (AISB) to privately held Telaxis Sdn Bhd for RM3.15 million or 38 sen per share.

The disposal will give rise to a gain of RM1.24 million.

Chuan Huat said the gain on disposal is expected to have a positive impact on the group's earnings per share, net assets per share and gearing for the financial year ending Dec 31, 2019.

Sapura Energy secures contracts and contract extensions worth RM774m

Digi Telecommunications Sdn Bhd (Digi) and TM Global, the global and wholesale arm of Telekom Malaysia Bhd (TM), are collaborating to improve Internet reachability nationwide to support the Government’s National Fiberisation and Connectivity Plan (NFCP)

Frontken Corp Bhd's net profit for the second quarter ended June 30, 2019 rose 36.8% to RM16.52 million from RM12.08 million a year earlier, due to improved performances by the group's subsidiary in Singapore.

In a filing to Bursa Malaysia, Frontken said revenue for the quarter decreased to RM80.14 million versus RM81.78 million a year earlier, arising from lower revenue recorded by its subsidiaries in Taiwan and Malaysia.

Revenue of the Malaysia operations grew by 23.7% to RM501.9 million and profit from operations increased by 10.2% to RM90.9 million in Q1FY19. Organic revenue grew 16.0% excluding the impact of SST.

Carlsberg Brewery Malaysia Berhad (the Group) reported a net profit of RM87.6 million for the quarter ended 31 March 2019 (Q1FY19). This represents an increase of 8.4% on the back of a revenue growth of 20.3% to RM659.9 million vs. Q1FY18 mainly from higher sales during Chinese New Year (CNY) in both Malaysia and Singapore

In a filing with Bursa Malaysia last Friday, Digi said its net profit for Q3 2019 fell to RM356.1 million from RM392.54 million in the same period last year due to the declining revenue to RM1.56 billion from RM1.59 billion previously.

Serendah Heights owns 100.0% of YBK which has a remaining concession of 14 years ending 2034, totalling RM861.6 m

Nestle to spend RM220mil on capital expenditure

Revenue came in 2% higher y-o-y at RM1.34bil and with the divestment of the chilled dairy business factored in, it was a 3.4% increase in growth.tp 150