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AT&T win unleashes wave of investors’ bets on next big M&A deal

AT&T win unleashes wave of investors’ bets on next big M&A deal

Takeover speculation sent shares of Lions Gate Entertainment Corp., Discovery Inc. and Viacom Inc. up. (Bloomberg pic) SAO PAULO: After AT&T Inc. got clearance to buy Time Warner Inc. late Tuesday, investors were quick to bet that a broader wave of mergers is coming. Takeover speculation sent shares of Lions Gate Entertainment Corp. up the […]

June 13, 2018 | By | Reply More
HRDF to seek legal advice

HRDF to seek legal advice

PETALING JAYA: The Human Resource Development Fund (HRDF) said it is well aware of the report lodged with the Malaysian Anti Corruption Commission (MACC) against it by SG Education Group CEO Datuk Seri Ganes and it will be seeking legal advice on the matter. “HRDF would like to reiterate that it will continue to adhere […]

June 13, 2018 | By | Reply More
Human Resource Development Fund to seek legal advice

Human Resource Development Fund to seek legal advice

PETALING JAYA: The Human Resource Development Fund (HRDF) said it is well aware of the report lodged with the Malaysian Anti Corruption Commission (MACC) against it by SG Education Group CEO Datuk Seri Ganes and it will be seeking legal advice on the matter. “HRDF would like to reiterate that it will continue to adhere […]

June 13, 2018 | By | Reply More
13/06/2018 22:24:37

13/06/2018 22:24:37

HONG KONG: Shares in Chinese telecoms equipment maker ZTE collapsed more than 40% today as trading in the company resumed after it reached a settlement with the United States over its handling of a sanctions violation. Dealing in the firm was suspended in April after Washington said it had banned US companies from selling crucial […]

June 13, 2018 | By | Reply More
Toyota to acquire US$1 billion stake in Grab

Toyota to acquire US$1 billion stake in Grab

SINGAPORE: Toyota Motor Corp has agreed to buy a US$1 billion (RM3.99 billion) stake in Southeast Asia’s Grab in the biggest investment by a carmaker into a ride-hailing firm, at a time when traditional automakers are racing to team up with disruptive tech companies. The value of six-year-old Grab will be just over US$10 billion […]

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Mavcom: It’s to avoid overcapacity

Mavcom: It’s to avoid overcapacity

PETALING JAYA: AirAsia’s application to increase frequency for its Kuala Lumpur to Haikou and Kota Kinabalu to Sandakan routes were rejected due to concerns of overcapacity, said Malaysian Aviation Commission (Mavcom). “In allocating air traffic rights (ATRs), the commission wishes to facilitate orderly growth while also considering the risk of overcapacity (where the supply of […]

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Mavcom explains rejection of AirAsia's application to increase flights on two routes

Mavcom explains rejection of AirAsia's application to increase flights on two routes

PETALING JAYA: AirAsia’s application to increase frequency for its Kuala Lumpur to Haikou and Kota Kinabalu to Sandakan routes were rejected due to concerns of overcapacity, said Malaysian Aviation Commission (Mavcom). “In allocating air traffic rights (ATRs), the commission wishes to facilitate orderly growth while also considering the risk of overcapacity (where the supply of […]

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Mudajaya targeting ‘low-hanging fruit’ projects

Mudajaya targeting ‘low-hanging fruit’ projects

PETALING JAYA: Loss-making Mudajaya Group Bhd said is not impacted by the change in government and the review of mega projects in the construction sector and the group is currently targeting “low-hanging fruit” projects. Chairman Datuk Yusli Mohamed Yusoff said it is still early days with the new government. “We’ll have to wait to see […]

June 13, 2018 | By | Reply More
Fiscal policies vital to credit quality: Moody’s

Fiscal policies vital to credit quality: Moody’s

PETALING JAYA: Moody’s Investors Service said while its assessment of Malaysia’s contingent liability risks posed by non-financial sector public institutions has also not changed, it stressed that the sovereign credit profile will depend on the impact arising from the new government’s fiscal policies. “The new administration’s treatment of large infrastructure projects that may be placed […]

June 13, 2018 | By | Reply More
Japanese credit line won’t disrupt economic growth: AmBank Research

Japanese credit line won’t disrupt economic growth: AmBank Research

PETALING JAYA: AmBank Research said the potential credit line from Japan could be used for economic development and to support small and medium scale industries, which ensure the economy continues to grow at a sustainable pace without straining liquidity. “While the credit facility should help support the domestic economic activity, it also provides room for […]

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