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  • Axiata unit buys 35% stake in Sri Lankan data centre firm for RM6.55 million

    March 20, 2018 7:20 AM 3

    PETALING JAYA: Axiata Group Bhd's unit is acquiring a 35% stake in data centre company Digital Reality (Private) Ltd (DRPL) for 262.5 million Sri Lankan rupees (RM6.55 million) cash in order to form a data centre business in Sri Lanka. In a filing with Bursa Malaysia, the group said Dialog Broadband Networks (Private) Ltd (DBN) has entered into a deal with St Anthony's

  • TNB signs two PPAs for solar projects

    March 19, 2018 1:00 PM 4

    PETALING JAYA: Tenaga Nasional Bhd (TNB) has signed two large-scale solar (LSS) photovoltaic power purchase agreements (PPAs) to set up two facilities with a total capacity of about 60Mwac. In a filing with Bursa Malaysia today, TNB said the PPAs were signed following a competitive bidding exercise organised by the Energy Commission in the first quarter

  • Boustead, Petronas Carigali reach settlement

    March 19, 2018 12:55 PM 5

    PETALING JAYA: Boustead Holdings Bhd has mutually agreed on a separate settlement agreement with Petronas Carigali Sdn Bhd and the joint operating partners following negotiations with the parties. In a filing with Bursa Malaysia today, Boustead said its subsidiary MHS Aviation Bhd has entered into separate confidential agreements or undertakings Petronas

  • Parkson’s unit succeeds in bid to acquire part of property in China for RM124m

    March 19, 2018 12:53 PM 4

    KUALA LUMPUR, March 19 — Parkson Retail Group Ltd’s (PRGL) indirect Chinese unit, Wuxi Sanyang Parkson Plaza Co Ltd (WSPP), has succeeded in its bid to acquire part of a property owned by Sanyang Yinhui Properties Development Co Ltd (SYPD) in China for RM124 million. In a filing with Bursa Malaysia today, PRGL said, WSPP, its 60 per cent-owned subsidiary

  • Bursa Malaysia ends mixed

    March 19, 2018 9:48 AM 3

    Bursa Malaysia closed mixed on March 19, 2018 amid mild support for selected heavyweights. — File picture by Azneal IshakKUALA LUMPUR, March 19 — The FBM Emas Index increased by 3.16 points to 13,036.80, FBMT 100 Index rose by 5.52 points to 12,787.59 and the FBM Emas Shariah Index slipped 19.82 points to 13,200.35. The FBM 70 erased 10.84 points to 15,682.65 and the FBM Ace lost 7.16 points

  • Singapore fines Standard Chartered US$4m over money laundering breaches

    March 19, 2018 8:21 AM 6

    The Singapore branch of Standard Chartered Bank has been fined S$5.2 million by the Monetary Authority of Singapore for anti-money laundering breaches. — Reuters file picSINGAPORE, March 19 — The Monetary Authority of Singapore (MAS) imposed penalties of S$5.2 million (approx. RM15.5 million) on the Singapore branch of Standard Chartered Bank (SCBC)

  • February auto sales down 4.4% year-on-year: MAA

    March 19, 2018 7:56 AM 4

    PETALING JAYA: Total vehicle sales in February 2018 decreased 4.4% or 1,877 units to 40,578 units, compared with 42,455 units a year ago, according to the Malaysian Automotive Association (MAA). In a statement, MAA said sales for this month is expected to be slightly better than the previous month on the back of a longer working month and rush for deliveries

  • Hyundai Motor shares tumble following US probe of air bag failures

    March 19, 2018 2:38 AM 4

    A visitor walks past a Hyundai Motor logo at a Hyundai dealership in Seoul April 25, 2013. — Reuters picSEOUL, March 19 — Shares of Hyundai Motor slid today after a US regulator said it had opened a probe into why some air bags failed to deploy in Hyundai and Kia vehicles following crashes that reportedly killed four people and left six injured. This is the second

  • Growth of crypto-assets may threaten financial system, FSB says

    March 19, 2018 12:52 AM 3

    The Governor of the Bank of England, Mark Carney, speaks to the Scottish Economics Forum, via a live feed, in central London March 2, 2018. — Reuters picBUENOS AIRES, March 19 — The rapid evolution of crypto-assets such as bitcoin may one day make them a threat to the financial system, Mark Carney, chairman of the Financial Stability Board, said in a letter

  • Top Glove to launch condom brand

    March 18, 2018 11:25 AM 4

    SHAH ALAM: The world’s largest glove manufacturer Top Glove Corp Bhd plans to launch its own condom brand Top Feel by year-end and will emulate its glove business model for its condom business, where 80% will be catered for original equipment manufacturers. Chairman Tan Sri Dr Lim Wee Chai said the group intends to start condom production by June or July this year and is also looking