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August 17, 2018 10:44 AM Mercury Industries' PR1MA job terminated

PETALING JAYA: Mercury Industries Bhd's 70%-owned subsidiary Paramount Bounty Sdn Bhd's (PBSB) RM73.06 million contract for the construction of 648 units of serviced apartments in Malacca under the 1Malaysia People's Housing Programme (PR1MA) has been terminated. "The project, which was initially awarded by Upaya Jernih Sdn Bhd to PBSB has been terminated 4

August 16, 2018 1:01 PM Early bird offer for Daihatsu Gran Max AT

DAIHATSU Malaysia will be launching its latest commercial vehicle – the new Gran Max panel van with automatic transmission and 1.5-litre DOHC DVVT engine (Gran Max AT), soon in Malaysia. In comparison with the previous Gran Max with its standard fittings and manual transmission that was introduced eight years ago, the new Gran Max AT van (pix) is designed 3

August 15, 2018 8:00 AM BFood to bring Kenny Rogers Roasters and Jollibean to India

KUALA LUMPUR: Berjaya Food Bhd (BFood) and India's World Iconic Brands Hospitality Private Limited (WIB) today inked a memorandum of understanding to expand the Kenny Rogers Roasters (KRR) and Jollibean brands in India. WIB, the agency responsible for commerce development of the Jollibean and KRR brands in India, will invest US$50 million to open 30 KRR restaurants 4

August 15, 2018 2:50 AM AirAsia share price up marginally after selling stake in Expedia JV

PETALING JAYA: AirAsia Group Bhd's (AAG) share price rose 0.90% this morning after it divested its remaining 25% stake in its joint venture (JV) company, AAE Travel Pte Ltd for US$60 million (RM240 million). The airline sold its remaining stake to the 75% stakeholder in the company Expedia Inc’s Expedia Southeast Asia Pte Ltd -- in a bid to monetise 6

August 14, 2018 3:39 PM AirAsia sells remaining 25% share of joint venture with Expedia for US$60m

PETALING JAYA: AirAsia Group Bhd has divested its remaining 25% stake in its joint venture (JV) company AAE Travel Pte Ltd for US$60 million (RM240 million) to the 75% stakeholder, Expedia Inc's Expedia Southeast Asia Pte Ltd, in a bid to monetise its investment and utilise the proceeds as working capital. The group announced in a bourse filing yesterday 8

August 14, 2018 3:39 PM India's Fortis sees signs of recovery, shareholders approve takeover by IHH Healthcare

BENGAlURU: Cash-strapped Indian hospital operator Fortis Healthcare Ltd said today it was starting to see some signs of recovery, as it secured shareholder approval for its takeover by Malaysia's IHH Healthcare Bhd. Fortis, which operates about 30 private hospitals in India, reported a net loss of 707.4 million rupees (RM41.5 million) for the three months 5

August 14, 2018 1:53 PM Toll concessionaires’ shares rise

PETALING JAYA: The shares of most toll concessionaires rose today after the government decided to postpone the abolishment of tolls. Among the nine toll concessionaires listed on Bursa Malaysia, Lingkaran Trans Kota Holdings Bhd (Litrak) was the top gainer, rising 2.85% or 13 sen to close at RM4.69 with 704,700 shares traded today. The company, which 5

August 14, 2018 1:37 PM No delay in responding to China's palm oil purchase

KUALA LUMPUR: The Ministry of Primary Industries has clarified that its Minister, Teresa Kok did not infer that a unit in the ministry was slow in responding to, or following up with, requests by buyers from China to purchase palm oil. The ministry said that Kok was referring to the failure by the company that was involved in the trade talk with China 6

August 14, 2018 7:29 AM Former Brazil finance minister charged with corruption

BRASÍLIA: Former Brazil finance minister Guido Mantega was indicted Monday on money laundering and other charges as part of the corruption scandal that has rocked the country's business and political elites. Mantega, 69, is accused of taking money from construction giant Odebrecht in exchange for helping to advance legislation that favoured the company 7

August 14, 2018 5:16 AM SSM offers up to 80% discount on compounds

PETALING JAYA: Companies Commission of Malaysia (SSM) is offering up to 80% discount for compounds imposed on companies, starting Sept 1 until Dec 31. Domestic Trade and Consumer Affairs (KPDNHEP) Minister Datuk Saifuddin Nasution Ismail, who officiated SSM National Conference 2018 this morning, said the move was taken in conjunction with SSM’s “Comply 3