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Category: Economic

KLSE News: 1 Aug 2014 – Kulim (M) Bhd intends to sell its entire controlling stake of 48.97%…

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Kulim (M) Bhd intends to sell its entire controlling stake of 48.97% in PapuaNew Guinea (PNG)-based New Britain Palm Oil Ltd (NBPOL) to SimeDarby Bhd. The announcement ended a tight race among the big boys of theplantation sector, which included Felda Global Ventures Holdings Bhd (FGV).Other bidders that had reportedly shown interest were Wilmar International […]

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KLSE News: 31 Jul 2014 – CIMB Group Holdings Bhd is not actively pursuing any banking acquisitionin the Philippines…

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CIMB Group Holdings Bhd is not actively pursuing any banking acquisitionin the Philippines at the moment as it is busy with a proposed mega merger athome, sources said, dismissing a news report that it is in talks with thePhilippine Business Bank (PBB) and Al-Amanah Islamic Bank. The total cost for building the mega-hybrid airport KLIA2, […]

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KLSE News: 30 Jul 2014 – Vasan Healthcare owner AM Arun and its three private-equity investors arein talks…

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Vasan Healthcare owner AM Arun and its three private-equity investors arein talks with two overseas strategic investors and clutch of PE funds to sell upto a 51% stake, valuing the eye- and dental-care chain at about Rs 7,000 crore,several people with knowledge of the matter said. Malaysian Airline System (MAS) is facing an influx of […]

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KLSE News: 25 Jul 2014 – Tenaga Nasional Bhd announced that it will go ahead with building…

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Tenaga Nasional Bhd announced that it will go ahead with building the1,400MW Pasir Gudang power plant with SIPP Energy Sdn Bhd, despite talkthat the so-called Track 4A project would be re-tendered to the public. TNB’sannouncement also signals that YTL Power International would not be ableto bid for the project after it withdrew from the consortium […]

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KLSE News: 24 Jul 2014 – MYEG has obtained the extension of the E-Services Concession Agreement…

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MYEG has obtained the extension of the E-Services Concession Agreement for a further period of 5 years commencing from 23 May 2015 and expiring on 22 May 2020. The company received an extension letter from Malaysia Administrative Modernisation and Management Planning Unit (MAMPU). In 2000, MyEG secured the concession agreement with the government for the […]

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KLSE News: 23 Jul 2014 – Tenaga Nasional has sealed a power purchase agreement (PPA) with JimahEast Power Sdn Bhd…

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Tenaga Nasional has sealed a power purchase agreement (PPA) with JimahEast Power Sdn Bhd for the 2,000MW coal-fired power plant in Mukim Jimah,Negeri Sembilan. Tenaga said Jimah East Power is a joint venture comprising of1Malaysia Development Bhd and Mitsui & Co. Ltd which will design, construct,own, operate and maintain the plant. Dagang NeXchange Bhd (DNex) […]

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KLSE News: 22 Jul 2014 – CIMB Group Holdings will not proceed with the proposed mega merger withRHB Capital Bhd and Malaysia Building Society Bhd (MBSB)…

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CIMB Group Holdings will not proceed with the proposed mega merger withRHB Capital Bhd and Malaysia Building Society Bhd (MBSB) if it posesunfavourable risks to the finance institution, said group chief executive DatukSeri Nazir Razak. Felda Global Ventures Holdings (FGV) aims to consolidate its position asthe world’s number one crude palm oil (CPO) producer by […]

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KLSE News: 21 Jul 2014 – Gamuda Bhd , which owns 70% of highway concessionaire Kesas Holdings Bhd…

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Gamuda Bhd , which owns 70% of highway concessionaire Kesas Holdings Bhd, will not be making an offer for the remaining 30% stake held by Perbadanan Kemajuan Negeri Selangor (PKNS). In a filing with Bursa Malaysia last Friday, Gamuda said had received approval from the Securities Commission Malaysia (SC) to be exempted from making a […]

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KLSE News: 18Jul2014 – A Malaysia Airlines plane carrying 295 passengers and crew crashed Thursday…

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A Malaysia Airlines plane carrying 295 passengers and crew crashedThursday while flying over the east Ukraine region of Donetsk, officials said.Malaysia Airlines said contact was lost with Flight MH17 about 50 kilometers(30 miles) from the Russia-Ukraine border. The Boeing 777 departed fromAmsterdam around noon on Thursday and was due to arrive in Kuala Lumpurearly today. […]

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KLSE News: 16 Jul 2014 – Corporate News…A merged CIMB Group, RHB Capital, and Malaysia Building Society will operate…

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Corporate News…A merged CIMB Group, RHB Capital, and Malaysia Building Society will operate more effectively in the competitive domestic market, said Standard &Poor’s (S&P). The rating impact on CIMB from the new entity, which will havemore than RM600bn in assets, hinges on pricing and capital. S&P said pricing isa key consideration, pointing out to CIMB […]

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