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Category: Economic

KLSE News: 27 Nov 2014 – Axis REIT Managers’ private placement of 83.58m new units has been well oversubscribed…

Axis REIT Managers’ private placement of 83.58m new units has been well oversubscribed over the offer size. The placement represented 18.02% of the existing fund size of 463.94m units and would increase the approved fund size to a maximum of 547.28m units. CEO Datuk Stewart LaBrooy said the total proceeds from the private placement, which […]

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KLSE News: 26 Nov 2014 – Malaysia Airports Holdings Bhd (MAHB) failed to meet the requirements and proposals of the stakeholders…

Malaysia Airports Holdings Bhd (MAHB) failed to meet the requirements and proposals of the stakeholders in the construction of the new low-cost carrier terminal, KLIA2, which resulted in the completion delay and cost overruns from RM1.7b to RM4bn. This was the conclusion made by the Public Accounts Committee (PAC) after a one-year investigation on the […]

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KLSE News: 25 Nov 2014 – IJM Corp Bhd unit Road Builder (M) Holdings Bhd and Silk Holdings Bhd have mutually decided to abort…

IJM Corp Bhd unit Road Builder (M) Holdings Bhd and Silk Holdings Bhd have mutually decided to abort the RM395m acquisition of 100% equity interest in Sistem Lingkaran-Lebuhraya Kajang Sdn Bhd. It was called off following the non-fulfilment of certain conditions precedent within the agreed timeline, IJM told Bursa Malaysia. “This is a mutual agreement […]

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KLSE News: 21 Nov 2014 – Mah Sing Group aims to raise up to RM630m in a capital raising exercise which will entail a renounceable rights issue…

Mah Sing Group aims to raise up to RM630m in a capital raising exercise which will entail a renounceable rights issue with free warrants, to fund its future expansion, said its executive director Datuk Steven Ng. SapuraKencana Petroleum Bhd is buying oil firm Petroliam Nasional Bhd’s (Petronas) entire interest in three blocks offshore southern Vietnam […]

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KLSE News: 20 Nov 2014 – Electricity supply to areas affected by floods will be cut off by Tenaga Nasional if the water reaches dangerous level…

Electricity supply to areas affected by floods will be cut off by Tenaga Nasional if the water reaches dangerous level. The move to cut power is a temporary measure to ensure public safety, and supply would be re-connected once flood waters receded, TNB senior GM (corporate affairs and communications) Datuk Mohd Aminuddin Mohd Amin said. […]

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KLSE News: 19 Nov 2014 – Malayan Banking Bhd (Maybank) aims to hit RM1bn in total online remittances in two years…

Malayan Banking Bhd (Maybank) aims to hit RM1bn in total online remittances in two years with the introduction of its M2U Visa Direct service. In collaboration with Visa, the service allows Maybank2u customers to transfer funds from their savings or current accounts to overseas issued Visa cardholders in over 200 countries. Jentayu Danaraksa Sdn Bhd, […]

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KLSE News: 18 Nov 2014 – Felda Global Ventures Downstream Sdn Bhd (FGVD), a unit of Felda Global Ventures Holdings Bhd…

Felda Global Ventures Downstream Sdn Bhd (FGVD), a unit of Felda Global Ventures Holdings Bhd (FGV), plans to invest up to RM80m to build a Vitamin E processing plant in the East Coast Economic Region (ECER). FGV chairman Tan Sri Mohd Isa Samad said the investment would involve the purchase of three acres of land […]

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KLSE News: 17 Nov 2014 – The Sarawak Corridor of Renewable Energy (Score) has secured FDI of more than RM7bn in July YTD…

The Sarawak Corridor of Renewable Energy (Score) has secured FDI of more than RM7bn in July YTD. MIDA deputy CEO II Datuk N. Rajendran said this represents 96% of the total approved investment of in Sarawak. “There is (additional) potential investment of RM6.7bn in Sarawak that can be approved this year,” he said. More foreigners, […]

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