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Malaysia lets go of high income nation by 2020 dream

Malaysia lets go of high income nation by 2020 dream

PETALING JAYA: Malaysia will drop its long time dream to hit US$15,000 (RM62,300) per capita income by 2020 to meet its high income nation aspirations, as it now looks to ensure high income levels commensurate with higher purchasing power. The mid-term review of the 11th Malaysia Plan presented a two-prong approach to address the disparity […]

October 18, 2018 | By | Reply More
Country Heights subsidiary seeks tie-up with AsiaAuto Venture

Country Heights subsidiary seeks tie-up with AsiaAuto Venture

PETALING JAYA: Country Heights Holdings Bhd’s subsidiary Mines International Exhibition Centre Sdn Bhd (MIEC) is vying for a potential tie-up with AsiaAuto Venture Sdn Bhd (AAV) to set up a joint venture entity to expand into the automotive lifestyle or other automotive-related industry. AAV is involved, among others, in the business of conducting automotive-related programmes […]

October 18, 2018 | By | Reply More
Government settles interest due on 1MDB Energy bond

Government settles interest due on 1MDB Energy bond

PETALING JAYA: The government has made the coupon payment amounting to US$50.31 million (RM208.80 million) due today as part of a settlement agreement with International Petroleum Investment Co (IPIC), due for the US$1.75 billion 1MDB Energy (Langat) Ltd (1MELL) bond. According to a table of 1Malaysia Development Bhd (1MDB) debt commitments released, US$52.41 million is […]

October 18, 2018 | By | Reply More
India asks Fortis to recover RM228m from founders, firms

India asks Fortis to recover RM228m from founders, firms

MUMBAI: India’s capital markets regulator has asked Fortis Healthcare to recover 4.03 billion rupees (RM228.3 million) from its founder brothers and firms related to them, pending an investigation into loans made by the company. Tycoon brothers Shivinder Singh and Malvinder Singh and eight firms related to them should jointly pay the sum with due interest […]

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Higher operation, maintenance costs eat into Maxis’ Q3 earnings

Higher operation, maintenance costs eat into Maxis’ Q3 earnings

PETALING JAYA: Maxis Bhd’s net profit fell 9% to RM513 million in the third quarter ended Sept 30 compared with RM564 million in the same quarter last year, dragged down mainly by higher operation and maintenance costs. Revenue declined 3% to RM2.26 billion from RM2.33 billion. Maxis has proposed an interim dividend of 5 sen […]

October 18, 2018 | By | Reply More
British Council launches storybook on Orang Asli

British Council launches storybook on Orang Asli

THE British Council launched ‘A Collection of Stories from Orang Asli’ on Oct 17, marking the completion of an Orang Asli storybook project involving six Orang Asli schools and communities in Selangor. The project engaged pupils from the Orang Asli schools and focused primarily on how reading and storytelling in English is taught, and touched […]

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KGNS: Into the golden years

KGNS: Into the golden years

IN its early days, Kelab Golf Negara Subang (KGNS) had several different names. It began originally as the Seaport Estate, a rubber plantation, and after the momentous decision to build a new golf course, it was variously known as the Sungei Way Golf Course and the Kelab Golf Kebangsaan Subang eventually. It is not known […]

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Calling for entries to the British Council’s ELTons Awards

Calling for entries to the British Council’s ELTons Awards

THE British Council’s ELTons Awards are once again looking for the latest and most innovative resources to teach and learn English around the world. Applications to the 17th ELTons Awards for Innovation in teaching the English language is now open. Entries need to have been developed in the last two years and must demonstrate excellence […]

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Novartis pushes deeper into nuclear medicine with US$2.1 billion deal

Novartis pushes deeper into nuclear medicine with US$2.1 billion deal

(Bloomberg pic) ZURICH: Novartis is paying US$2.1 billion for nuclear medicine specialist Endocyte in Chief Executive Vas Narasimhan’s latest deal to reshape the Swiss drugs group from a pillmaker to a producer of sophisticated therapies. Narasimhan, who raised Novartis’s 2018 revenue forecast on Thursday as he released third-quarter results, is counting on Endocyte’s treatment for […]

October 18, 2018 | By | Reply More
Linde shares soar on report of US ready to approve Praxair merger

Linde shares soar on report of US ready to approve Praxair merger

(Bloomberg pic) FRANKFURT: Shares in German industrial gases maker Linde soared Thursday on a report that US anti-trust regulators were ready to approve its mega-merger with Praxair, removing a final obstacle to the US$80-billion deal. Without citing its sources, German business monthly Manager Magazin said the US Federal Trade Commission had told Praxair management it […]

October 18, 2018 | By | Reply More