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Axiata raises RM2.7b via stake sale

Axiata raises RM2.7b via stake sale

KUALA LUMPUR: AXIATA Group Bhd has raised US$600 million (RM2.7 billion) from its record maiden private placement of a substantial stake in edotco Group. Axiata signed definitive agreements of the private placement with Innovation Network Corp of Japan (INCJ) and Khazanah Nasional Bhd yesterday. Public-private investment firm INCJ and Khazanah had subscribed for US$400 million […]

January 19, 2017 | By | Reply More
China willing to work with new US administration to promote healthy ties: commerce ministry

China willing to work with new US administration to promote healthy ties: commerce ministry

BEIJING: China is willing to work with the new U.S. administration to promote healthy China-U.S. ties, the commerce ministry said on Thursday in Beijing. The Ministry of Commerce said it believes China and the United States can properly resolve any trade problems through dialogue and cooperation, as both sides would be hurt in any U.S.-China […]

January 19, 2017 | By | Reply More
Greater value, better tastes

Greater value, better tastes

IN true Malaysian spirit, Air Asia brought its brand new in-flight menu to theSun office, removing all traces of Monday blues. GLORIOUS FOOD The Santan food truck ferried along five meal choices for employees of theSun to try. These included Ashok’s Butter Masala Chicken Biryani, Mac and Cheese with Chicken Meatballs, Potato and Chicken Curry […]

January 19, 2017 | By | Reply More
Ascott to manage 6 new properties in China

Ascott to manage 6 new properties in China

SINGAPORE: Ascott has secured contracts to manage another six properties with more than 1,200 apartments in China, the serviced residence operator announced in a media release on Thursday (Jan 19). Two of the properties are in Handan and Xuzhou – two cities new to Ascott – and the rest in Changsha, Shenzhen, Tianjin and Wuhan. […]

January 19, 2017 | By | Reply More
Netflix adds a third more subscribers than expected, shares up 8%

Netflix adds a third more subscribers than expected, shares up 8%

Netflix signs up 7.1 million new subscribers globally, far more than the 5.2 million analysts expected, according to research firm FactSet, beating targets at home and abroad even as it raised prices. CALIFORNIA: Streaming video pioneer Netflix Inc added over a third more subscribers than expected in the last quarter of 2016, a sign of […]

January 19, 2017 | By | Reply More
South Korean media: North Korea may test-launch ICBM soon

South Korean media: North Korea may test-launch ICBM soon

Kim Jong Un says the country is close to test launching an ICBM, and state media says a launch could come at any time. SEOUL: North Korea may be preparing to test-launch a new, upgraded prototype of an intercontinental ballistic missile (ICBM), South Korean media reported on Thursday, citing military sources. In his New Year’s […]

January 19, 2017 | By | Reply More
Toshiba US nuclear business loss may be as much as US$6.1 billion: Kyodo

Toshiba US nuclear business loss may be as much as US$6.1 billion: Kyodo

TOKYO: Toshiba Corp could post a 700 billion yen (US$6.1 billion) loss at its U.S. nuclear reactor business, much bigger than the 500 billion yen it had earlier flagged to investors, Kyodo news agency reported. Toshiba’s shares fell 15 percent in Tokyo morning trade compared with a 0.9 percent gain in the benchmark Nikkei 225 […]

January 19, 2017 | By | Reply More
Exclusive: Pentagon, Lockheed near deal on $9 billion F-35 contract – sources

Exclusive: Pentagon, Lockheed near deal on $9 billion F-35 contract – sources

The U.S. Defense Department expects to spend $391 billion in the coming decades to develop and buy 2,443 of the supersonic warplanes. WASHINGTON: The U.S. Department of Defense and Lockheed Martin Corp are close to deal for a contract worth almost $9 billion (7.3 billion pounds) as negotiations are poised to bring the price per […]

January 19, 2017 | By | Reply More
Exclusive: Pentagon, Lockheed near deal on US$9 billion F-35 contract – sources

Exclusive: Pentagon, Lockheed near deal on US$9 billion F-35 contract – sources

WASHINGTON: The U.S. Department of Defense and Lockheed Martin Corp are close to deal for a contract worth almost US$9 billion as negotiations are poised to bring the price per F-35 below US$100 million for the first time, people familiar with the talks said Wednesday. The F-35, the Pentagon’s costliest arms program, has drawn fire […]

January 19, 2017 | By | Reply More
KL shares open lower

KL shares open lower

KUALA LUMPUR: Shares on Bursa Malaysia opened lower today on cautious sentiment and ahead of Bank Negara Malaysia’s monetary policy meeting later today, dealers said. At 9.20am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 2.84 points higher at 1.662.18, after opening 1.88 points better at 1,666.9. The index closed at 1,665.02 yesterday. “Immediate […]

January 19, 2017 | By | Reply More