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  • Air France-KLM denies bidding for troubled Alitalia

    January 13, 2018 12:33 PM 11

    An Alitalia plane passes an Air France plane on the tarmac of Charles de Gaulles International Airport in Roissy near Paris, January 8, 2013. — Reuters picPARIS, Jan 13 — The Air France-KLM group today denied it had made an offer for ailing airline Alitalia, a day after Italy’s industry minister listed it among three bidders. Alitalia, struggling to compete

  • Crowds jostle for Hong Kong flats, no end in sight to housing boom

    January 13, 2018 10:30 AM 10

    Buyers and property agents line up for developer Sun Hung Kai's property sales in Hong Kong January 13, 2018. — Reuters picHONG KONG, Jan 13 — Hong Kong’s red-hot property market kicked off 2018 with hundreds queuing to buy flats in the first major property launch of the year today, backing expectations strong demand will further lift record prices by 5 to 20 per cent over the year. The Asian

  • Titijaya has ongoing, future projects of RM12.3b GDV

    January 13, 2018 8:49 AM 7

    KUALA LUMPUR, Jan 13 — Titijaya Land Bhd, a leading Malaysian property developer, has currently ongoing and future projects of about RM2.3 billion and RM10 billion in gross development value (GDV) respectively. Deputy Group Managing Director, Lim Poh Yit said the urban developments and landbank were located at strategic locations across Greater Kuala

  • Italian govt mulling three offers for ailing Alitalia

    January 13, 2018 7:22 AM 10

    MILAN: Italy's government said Friday it is considering three bids for troubled airline Alitalia from Lufthansa, EasyJet and a private equity firm, and hopes to have a deal wrapped up by May. "I can confirm that the goal is to complete a deal before the elections", Economic Development Minister Carlo Calenda said on the La7 television channel, referring

  • T7 Global partners Chinese firm for mega projects

    January 12, 2018 10:37 AM 10

    PETALING JAYA: T7 Global Bhd's subsidiary T7 Kemuncak Sdn Bhd is forming a joint venture (JV) with China Construction Third Engineering (M) Sdn Bhd (CCTE Malaysia) in order to tender for infrastructure and construction projects in Malaysia. Known as T7 China Construction Third Engineering Sdn Bhd , the JV will bid for East Coast Rail Link (ECRL), Mass Rapid

  • Top Glove acquires Adventa Capital unit for RM1.37b

    January 12, 2018 7:37 AM 9

    The Top Glove factory. — Malay Mail picKUALA LUMPUR, Jan 12 — Malaysia's Top Glove Corp Bhd said on today that it has acquired a surgical glove business owned by Adventa Capital Pte Ltd for RM1.37 billion. The acquisition of Aspion Sdn Bhd makes Top Glove one of the world's largest surgical glove manufacturers, on top of being the largest rubber glove

  • Amtek shares fall on news to dispose of entire Crocodile brand inventory

    January 12, 2018 5:25 AM 8

    PETALING JAYA: Amtek Holdings Bhd's share price fell three sen or 8.11% at noon break, after the group announced its plans to dispose of its Crocodile brand inventories to pay loans and creditors. At 12.30pm, the stock stood at 34 sen with 10,900 shares changing hands. It has a market capitalisation of RM17 million. Yesterday, Amtek said it will use the RM8 million

  • AirAsia, AirAsia X shares up on possibe route recalibration

    January 12, 2018 4:58 AM 8

    Tan Sri Tony Fernandes speaks to the media in Kuala Lumpur June 28, 2016. ― Picture by Saw Siow FengKUALA LUMPUR, Jan 12 — The shares of budget airline AirAsia and its long-haul affiliate, AirAsia X, were up in the morning session today. It comes on the back of a series of tweets by AirAsia Bhd’s Group Chief Executive, Tan Sri Tony Fernandes, hinting

  • Interest rate hike a mild booster to bank’s earnings, says research firm

    January 12, 2018 3:34 AM 9

    Bank Negara’s aggressive tone is said to hint at a potential review of monetary accommodation. — Picture by Yusof Mat Isa KUALA LUMPUR, Jan 12 — AmInvestment Research is projecting one to two rate hikes with 25 basis points (bps) each for this year which will be mildly positive on bank earnings. The research firm, in a Aminvestment Bank report, said Bank Negara’s

  • November IPI up 5% year on year

    January 12, 2018 2:36 AM 7

    KUALA LUMPUR: The Industrial Production Index (IPI) grew 5% in November 2017 compared with the same month in the previous year, supported by growth in all indices – manufacturing 6.7%, mining 0.2% and electricity 3.9%. On an annualised basis, the output of the manufacturing sector in November increased strongly by 6.7% after registering an increase of 4.2% in October