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KLSE News: 27 Mar 2015 – The Naza Group, which is jointly bidding for the role of project delivery partner (PDP) for the development of the RM9bn light rail transit line…

The Naza Group, which is jointly bidding for the role of project delivery partner (PDP) for the development of the RM9bn light rail transit line three (LRT 3) with China-based CSR Zhuzhou Electric Locomotive Co Ltd, has proposed to finance up to 90% of the project. “The bid by Naza-CSR for the LRT3 project will […]

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KLSE News: 26 Mar 2015 – Energy, Green Technology and Water Minister, Datuk Seri Dr Maximus Ongkili reiterated the electricity tariff will not be raised this year…

Energy, Green Technology and Water Minister, Datuk Seri Dr Maximus Ongkili reiterated the electricity tariff will not be raised this year. “The government is monitoring the price of fuels used in electricity production such as coal, piped natural gas and liquefied natural gas (LNG). “Currently, we are giving subsidy for piped natural gas. Coal is […]

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KLSE News: 25 Mar 2015 – The State Bank of Vietnam (SBV) has allowed Malaysia’s Public Bank to acquire all stakes owned by Vietnamese lender BIDV…

The State Bank of Vietnam (SBV) has allowed Malaysia’s Public Bank to acquire all stakes owned by Vietnamese lender BIDV in their US$62.6m joint venture VID Public Bank, the SBV said. After the stake acquisition, the Malaysian bank would turn the Vietnam-based venture into a 100% foreign owned bank in the country. The central bank’s […]

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KLSE News: 25 Mar 2015 – The State Bank of Vietnam (SBV) has allowed Malaysia’s Public Bank to acquire all stakes owned by Vietnamese lender BIDV…

The State Bank of Vietnam (SBV) has allowed Malaysia’s Public Bank to acquire all stakes owned by Vietnamese lender BIDV in their US$62.6m joint venture VID Public Bank, the SBV said. After the stake acquisition, the Malaysian bank would turn the Vietnam-based venture into a 100% foreign owned bank in the country. The central bank’s […]

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KLSE News: 23 Mar 2015 – Top Glove Corporation plans to acquire one or two companies this year as part of its merger and acquisition…

Corporate News Indonesian officials are preparing new rules for a charge of US$50 on every tonne of CPO shipped at the zero export tax rate, with the funds going to help pay for biodiesel subsidies announced in recent weeks. “At any (CPO) price we will take US$50 a tonne,” an Indonesian official said, making clear […]

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KLSE News: 19 Mar 2015 – Top Glove Corporation plans to acquire one or two companies this year as part of its merger and acquisition…

Top Glove Corporation plans to acquire one or two companies this year as part of its merger and acquisition (M&A) strategy. Chairman Tan Sri Lim Wee Chai said the company was interested to acquire existing rubber glove factories, preferably a Malaysian company for easy operation control. “Like in the past, Top Glove has been acquiring […]

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KLSE News: 18 Mar 2015 – Education Ministry should cancel the RM4.1bn 1Bestarinet project in schools nationwide…

Education Ministry should cancel the RM4.1bn 1Bestarinet project in schools nationwide due to the poorly delivered first phase of the project, the Public Accounts Committee (PAC) chairman Datuk Nur Jazlan Mohamed said. This, according to The Star Online report, was because the first phase of the project which was completed at a cost of RM633m, […]

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