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Category: Economic

KLSE News: 29 Jan 2015 – Sime Darby has obtained the European Commission’s (EC) clearance…

Sime Darby has obtained the European Commission’s (EC) clearance for its proposed acquisition of London-listed New Britain Palm Oil Ltd (NBPOL). “Pursuant to the clearance from the EC, the condition on the European Union merger filing has now been fulfilled,” Sime Darby told Bursa Malaysia yesterday. This now paves the way for Sime Darby to […]

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KLSE News: 28 Jan 2015 – AirAsia X’s board of directors will meet on Thursday to decide on the fate of…

AirAsia X’s board of directors will meet on Thursday to decide on the fate of chief executive officer (CEO) Azran Osman-Rani, sources tell KiniBiz. It is understood from sources that the meeting will be held the day after AirAsia founder and group CEO Tony Fernandes returns from Davos, Switzerland. Fernandes is also a non-independent non-executive […]

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KLSE News: 27 Jan 2015 – Financially troubled AirAsia X Bhd’s CEO Azran Osman Rani, who led the start-up team…

Financially troubled AirAsia X Bhd’s CEO Azran Osman Rani, who led the start-up team that developed its business plan, has resigned and is currently on garden leave while serving out his notice, according to sources. His last day is expected to be this Friday. The AirAsia group, Firefly and Malindo have abolished their fuel surcharges […]

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KLSE News: 26 Jan 2015 – Prestariang Bhd will provide Microsoft software under a master licensing…

Prestariang Bhd will provide Microsoft software under a master licensing agreement (MLA) to all government agencies in Malaysia. The company said on Friday its unit Prestariang Systems Sdn Bhd had received a letter of award the Ministry of Finance to be the Microsoft licensing solution partner. Prestariang will provide Microsoft software under the MLA 2.0 […]

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KLSE News: 23 Jan 2015 – DiGi Telecommunications has introduced a refreshed brand identity…

DiGi Telecommunications has introduced a refreshed brand identity which incorporates the Telenor logo and philosophy ‘Let’s Inspire’, which builds on the solid data-focused operations. Its CEO, Lars Norling, said the timely brand refresh aimed to make DiGi an integral source of inspiration for customers, where it would stay focus on the execution based on four […]

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KLSE News: 22 Jan 2015 – The Malaysian Automotive Association (MAA), which has projected a total industry volume…

The Malaysian Automotive Association (MAA), which has projected a total industry volume (TIV) forecast of 680,000 units for 2015, is in doubt whether the implementation of the Goods and Services Tax (GST) would actually lower car prices. The manufacturing sector is unhappy with the sudden introduction of the mandatory use of MyEG for renewal of […]

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KLSE News: 21 Jan 2015 – The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) is urging Tenaga Nasional Bhd…

The Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) is urging Tenaga Nasional Bhd (TNB) to adjust the electricity bills to lessen the burden of businessmen, while improving the competitiveness of Malaysia industries. Media Chinese International Ltd (MCIL), the country’s largest Chinese-language media group, has denied rumours it will undergo a drastic consolidation […]

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KLSE News: 20 Jan 2015 – Signature International Bhd (SIB) is targeting to bag some RM150m…

Signature International Bhd (SIB) is targeting to bag some RM150m worth of projects in Johor Baru, as it actively tenders proposals to major property developers in the region. Among them are China-based real estate developers Country Garden Properties, Guangzhou R&F Properties Co Ltd and Greenland Group, as well as local players Tropicana Corp Bhd and […]

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KLSE News: 19 Jan 2015 – B7 palm oil biodiesel will be available in 366 kiosks in Sarawak, Sabah and Labuan

B7 palm oil biodiesel will be available in 366 kiosks in Sarawak, Sabah and Labuan beginning this month, thus completing the implementation schedule in Malaysia of the environmentally-friendly fuel. The blend of 7% palm oil (palm methyl ester) and 93 per cent diesel had previously been available only on limited basis in Malaysian Borneo and […]

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