RSSCategory: News

Deutsche Bank is said to weigh retrenchment in US equities

Deutsche Bank is said to weigh retrenchment in US equities

A decision could come as early as this week. An ATM sign. (Bloomberg pic) FRANKFURT: Deutsche Bank AG is considering extensive cuts to its cash equities business in the US as part of a wider restructuring of its investment bank, according to people familiar with the matter. A decision could come as early as this […]

April 23, 2018 | By | Reply More
Korean Air’s “nut rage” sisters step down

Korean Air’s “nut rage” sisters step down

FOUR years ago, Cho Hyun-ah, an executive at Korean Air made headlines around the world when she threw a fit because she was served macadamia nuts in their packaging rather than on a serving dish in first class on the airline. She reportedly insulted the cabin crew, threw documents at them, and forced them to […]

April 23, 2018 | By | Reply More
KWAP posts record 2017 gross income, warns of market volatility

KWAP posts record 2017 gross income, warns of market volatility

KUALA LUMPUR: Kumpulan Wang Persaraan (Diperbadankan) (KWAP), Malaysia’s second largest pension fund, has warned of market volatility arising from the general election affecting its investments, after managing a record gross income of RM9.03 billion in 2017. KWAP reported a 42% increase in gross income to RM9.03 billion in 2017 against RM6.36 billion in 2016, the […]

April 23, 2018 | By | Reply More
23/04/2018 22:09:50

23/04/2018 22:09:50

HONG KONG: Hong Kong Exchange-listed lifestyle brand for gamers Razer today announced plans to take a 65.1% interest in MOL Global Inc for US$61 million (R238 million) by way of a statutory merger. While the merger is subject to the approval of shareholders of MOL Global, Razer has already secured irrevocable undertakings from other major […]

April 23, 2018 | By | Reply More
HK-listed Razer proposes to take over MOL Global

HK-listed Razer proposes to take over MOL Global

HONG KONG: Hong Kong Exchange-listed lifestyle brand for gamers Razer today announced plans to take a 65.1% interest in MOL Global Inc for US$61 million (R238 million) by way of a statutory merger. While the merger is subject to the approval of shareholders of MOL Global, Razer has already secured irrevocable undertakings from other major […]

April 23, 2018 | By | Reply More
Public Bank shareholders pay homage to Teh

Public Bank shareholders pay homage to Teh

KUALA LUMPUR: In the first AGM after the announcement of Public Bank Bhd chairman Tan Sri Dr Teh Hong Piow’s retirement, shareholders took the opportunity to express their gratitude and commend him on his leadership of the group. The AGM, which was the last AGM for Teh as non-executive chairman, saw a total of 6,030 […]

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TNB signs LSS Photovoltaic PPA with Halpro

TNB signs LSS Photovoltaic PPA with Halpro

KUALA LUMPUR: Tenaga Nasional Bhd (TNB) has signed the Large-Scale Solar (LSS) Photovoltaic Power Purchase Agreement (PPA) with Halpro Engineering Sdn Bhd, a special-purpose company set up by Majulia Sdn Bhd and Greencells GMBH. In a filing to Bursa Malaysia, TNB said Majulia and Greencells were the successful bidders for the LSS competitive bidding exercise, […]

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Priceworth in MoU to supply container flooring to China's Foshan Zhengsen

Priceworth in MoU to supply container flooring to China's Foshan Zhengsen

PETALING JAYA: Priceworth International Bhd has signed a memorandum of understanding (MoU) to supply on a yearly basis 60,000 cubic metres of container flooring worth RMB192 million (RM120 million) to Chinese manufacturer Foshan Zhengsen Woodworking Co. The company’s share price was down 1.5 sen or 7.5% to 18.5 sen with some 11.1 million shares changing […]

April 23, 2018 | By | Reply More
Ideal United Bintang receives takeover offer

Ideal United Bintang receives takeover offer

PETALING JAYA: Property developer Ideal United Bintang International Bhd has received an unconditional mandatory takeover offer from its chairman Tan Sri Ooi Kee Liang for 54 sen per share and 1 sen per warrant. Ooi, together with his spouse Puan Sri Phor Li Wei and ICT Innotech Sdn Bhd are the joint offerors. This offer […]

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PUC to set up joint research lab with Chinese institute

PUC to set up joint research lab with Chinese institute

PETALING JAYA: ACE Market-listed company, PUC Bhd through its wholly-owned subsidiary PUC (Malaysia) Sdn Bhd has entered a three-year joint agreement with Chinese industrial research institute ShenZhen Institutes of Advanced Technology (Siat) of the Chinese Academy of Sciences (CAS) , which will see it invest RM6 million to set up the Presto Intelligence Technology Laboratory. […]

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