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IHH puts money where its mouth is, makes binding offer for Fortis

IHH puts money where its mouth is, makes binding offer for Fortis

PETALING JAYA: IHH Healthcare Bhd, which previously made a non-binding offer to invest up to 40 billion rupees (RM2.36 billion) for much sought after Fortis Healthcare Ltd, has revised its offer to a binding immediate equity infusion of 6.5 billion rupees without prior due diligence and a non-binding proposal for a subsequent infusion of up […]

April 24, 2018 | By | Reply More
Sarawak Consolidated Industries calls off Carlton Gardens deal

Sarawak Consolidated Industries calls off Carlton Gardens deal

PETALING JAYA: Sarawak Consolidated Industries Bhd (SCIB) has terminated its proposed acquisition of the entire equity interest in Carlton Gardens Sdn Bhd (CGSB) for RM9.5 million due to a breach by the sellers. CGSB owns and operates an interlocking block Industrialised Building System factory in Beaufort, Sabah and has been awarded a contract by Stone […]

April 24, 2018 | By | Reply More
Bond Pricing Agency eyes Philippines entry

Bond Pricing Agency eyes Philippines entry

KUALA LUMPUR: Bond Pricing Agency Malaysia (BPAM), which today launched the new Asean3 Government Bond Indices (A3GBI) in partnership with Indonesia Bond Pricing Agency and the Thai Bond Market Association, hopes to include the Philippines in the Asean index this year and invite more member countries to participate. The A3GBI is designed to track the […]

April 24, 2018 | By | Reply More
Petronas delivers first LNG cargo to S-Oil Corp

Petronas delivers first LNG cargo to S-Oil Corp

PETALING JAYA: Petroliam Nasional Bhd (Petronas), through its subsidiary Petronas LNG Ltd (PLL), has delivered its first liquefied natural gas (LNG) cargo to South Korean oil refining company S-Oil Corp last Sunday. The delivery marks the beginning of PLL’s supply to S-Oil via a 15-year sale and purchase agreement, it said in a statement. Under […]

April 24, 2018 | By | Reply More
Ringgit extends downtrend against US dollar

Ringgit extends downtrend against US dollar

KUALA LUMPUR: The ringgit extended its downtrend to close lower against the US dollar today on strong buying interest for the greenback as US bond yields increased, a dealer said. At 6pm, the ringgit was quoted at 3.9030/9080 from 3.8965/8995 on Monday. It was reported that the 10-year US Treasury yield, which could potentially hit […]

April 24, 2018 | By | Reply More
Westports expects growth to return in second half

Westports expects growth to return in second half

KUALA LUMPUR: Westports Holdings Bhd expects growth to return in the second half of the year after the normalisation of the realignment in alliances. “On the outlook, we expect slight modest growth this year. There will be a slight decline in the first quarter, second quarter will be flat and then it will start growing […]

April 24, 2018 | By | Reply More
Bursa Malaysia closes at intra-day low

Bursa Malaysia closes at intra-day low

KUALA LUMPUR: Bursa Malaysia ended at an intra-day low today on selling pressure across-the-board in tandem with most Southeast Asian bourses, taking the cue from the weaker overnight performance on Wall Street, dealers said. The benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) ended at 1,865.34, down 15.02 points from Monday’s close of 1,880.36. It opened […]

April 24, 2018 | By | Reply More
50% discounts for Allianz protection via PolicyStreet

50% discounts for Allianz protection via PolicyStreet

Allianz Malaysia Berhad recently-cemented a partnership with insurance technology company PolicyStreet. The tie-up aims to provide simple and affordable insurance solutions online. “In re-engineering the way we do business – being digital-centric and service-oriented – Allianz is investing in digital strategies and deploying solutions that respond to industry challenges and take advantage of opportunities to […]

April 24, 2018 | By | Reply More
Lotte Chemical not seeing margin squeeze despite rising oil prices 

Lotte Chemical not seeing margin squeeze despite rising oil prices 

KUALA LUMPUR: Despite higher oil prices, petrochemical firm Lotte Chemical Titan Holdings Bhd foresees its profit margin remaining at a reasonable level given strong demand for petrochemical products with limited market supply capacity. “Our business is a margin game. As long as there is strong demand with limited supply, the margin will be maintained. If […]

April 24, 2018 | By | Reply More
Shareholders positive after Lotte’s bumpy start

Shareholders positive after Lotte’s bumpy start

KUALA LUMPUR: Lotte Chemical Titan Holdings Bhd shareholders remain buoyant on the prospects of the petrochemical firm after a series of unfortunate events – share price slump, stop-work order and fire at its plant – in the first six months of listing marred the fanfare of being one of the largest listings the stock exchange […]

April 24, 2018 | By | Reply More