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Analysts mixed on TM-TNB fiberisation JV

Analysts mixed on TM-TNB fiberisation JV

By FARAH ADILLA   KUALA LUMPUR: The Telekom Malaysia Bhd-Tenaga Nasional Bhd partnership to deliver the government’s Nationwide Fiberisation Plan (NFP) has drawn mixed reaction from analysts. They agreed that there are synergies in the two groups’ involvement in the grand project to drive Malaysia’s digital economy through broadband connectivity nationwide. However, the impact on […]

January 17, 2018 | By | Reply More
Mixed reaction on TM-TNB fiberisation JV

Mixed reaction on TM-TNB fiberisation JV

By FARAH ADILLA   KUALA LUMPUR: The Telekom Malaysia Bhd-Tenaga Nasional Bhd partnership to deliver the government’s Nationwide Fiberisation Plan (NFP) has drawn mixed reaction from analysts. They agreed that there are synergies in the two groups’ involvement in the grand project to drive Malaysia’s digital economy through broadband connectivity nationwide. However, the impact on […]

January 17, 2018 | By | Reply More
Lenders tell Maxis: Pump in US$1 billion into India operations or…

Lenders tell Maxis: Pump in US$1 billion into India operations or…

Banks want the Malaysian company to invest an additional US$1 billion by March to keep its India unit Aircel buoyant. KUALA LUMPUR: Maxis has invested close to US$7 billion (RM28 billion) in India’s wireless telephony market but has yet to make any money. Now, it is being asked to invest at least another US$1 billion […]

January 17, 2018 | By | Reply More
TA Investment launches TA Dana Global 50

TA Investment launches TA Dana Global 50

KUALA LUMPUR: TA Investment Management Bhd has launched a new fund, TA Dana Global 50, an income fund that will invest at least 95 per cent of its net asset value in Shariah-compliant fixed income instruments and the remainder in Shariah-compliant liquid assets. In a statement today, TA Investment said the fund would also invest […]

January 17, 2018 | By | Reply More
Meda Inc unit faces new lawsuit over guaranteed rental return scheme 

Meda Inc unit faces new lawsuit over guaranteed rental return scheme 

CYBERJAYA: Another group of The Arc @ Cyberjaya project owners is initiating a legal suit against Meda Inc Bhd’s wholly owned subsidiary Maju Puncakbumi Sdn Bhd claiming RM1.8 million in outstanding rentals under a guaranteed rental return (GRR) scheme. This follows the success of 137 owners of the same project last month, in getting the […]

January 17, 2018 | By | Reply More
Another 55 owners of The Arc@Cyberjaya units to sue Meda Inc's Maju Puncakbumi over GRR scheme 

Another 55 owners of The Arc@Cyberjaya units to sue Meda Inc's Maju Puncakbumi over GRR scheme 

CYBERJAYA: Another group of The Arc @ Cyberjaya project owners is initiating a legal suit against Meda Inc Bhd’s wholly owned subsidiary Maju Puncakbumi Sdn Bhd claiming RM1.8 million in outstanding rentals under a guaranteed rental return scheme (GRR). This follows the success of a suit by 137 owners of the same project last month, […]

January 17, 2018 | By | Reply More
Ride-hailing firm Grab buys India-based payments startup

Ride-hailing firm Grab buys India-based payments startup

SINGAPORE: Southeast Asian ride-hailing firm Grab said it has acquired an India-based payments startup, iKaaz, to help expand its digital payments platform GrabPay. Grab, which competes with Uber Technologies, said the flexibility and scalability of iKaaz’s technology made it ideally suitable for Southeast Asia’s diverse payments landscape and large unbanked population. The iKaaz team will […]

January 17, 2018 | By | Reply More
China to step up cryptocurrency crackdown

China to step up cryptocurrency crackdown

BEIJING: China is preparing for a new crackdown on cryptocurrency, planning to stamp out remaining trading in the country, according to state media. China will gradually clean up over-the-counter trading platforms, peer-to-peer networks where large exchanges occur and firms registered in the country which allow Chinese to trade overseas, the state-run Securities Journal said Tuesday. […]

January 17, 2018 | By | Reply More
Volkswagen clinches record sales in 2017

Volkswagen clinches record sales in 2017

FRANKFURT: German carmaker Volkswagen said Wednesday it sold a record number of vehicles in 2017, putting it on track to hold on to the title of world’s largest carmaker two years after its “dieselgate” emissions scandal. Some 10.74 million vehicles from VW or its subsidiaries ranging from Porsche and Audi to Skoda and Seat rolled […]

January 17, 2018 | By | Reply More
Poh Kong confident in better 2018 performance

Poh Kong confident in better 2018 performance

By Ooi Tee Ching   KUALA LUMPUR: Poh Kong Holdings Bhd is hopeful of doing better this year, thanks to rising gold prices and improving consumer spending. Poh Kong executive chairman and group managing director Datuk Choon Yee Seiong said gold had risen 13.5 per cent from an average of US$1,200 per ounce, as at […]

January 17, 2018 | By | Reply More