Business

MRCB, George Kent picked to be PDP for RM9b LRT3

KUALA LUMPUR: Prasarana Malaysia Bhd has picked Malaysian Resources Corporation Bhd and George Kent (M) Bhd as the project delivery partner (PDP) for the light rail transit three, which is estimated to cost RM9bil.

Deal sealed: Shahril (left) and Abdul Farid exchanging documents after the signing ceremony.

SapKen refinances debt

KUALA LUMPUR: SapuraKencana Petroleum Bhd (SapKen) will issue debt papers next week, starting with a US$200mil (RM845.8mil) Islamic medium-term note (MTN) programme, as part of a move to refinance a US$2.3bil facility that comes due next February.

Securities Commission chairman Datuk Ranjit Ajit Singh (fifth from left) at the release of the SCs 2014 annual report on March 5, 2014

Fund-raising activities to slow down this year

KUALA LUMPUR: The Securities Commission (SC) expects fund raising activities in the bonds and stock market to slow down to RM75bil in 2015, down from an average of RM90bil a year seen the past few years.

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No more excuses for MAB not to deliver

IT was a massive cut that not many had expected, as eventually, Malaysia Airlines (MAS) would have laid off more than half of its workforce despite it having been done in stages.

4 September 2015 | 12:00AM |

Airlines

AirAsia on track with turnaround plans

KUALA LUMPUR: AirAsia group is on track with its turnaround plans and fund raising exercise for both Indonesia and Philippines units, according to Public Invest Research.

4 September 2015 | 8:38AM |

Airlines

Bursa Securities queries Caring Pharmacy

KUALA LUMPUR: Caring Pharmacy’s recent rise in share price has caught the attention of Bursa Malaysia Securities which queried the pharmacy company on Friday.

4 September 2015 | 11:11AM |

Markets

Details on high-speed rail job out by 2017

KUALA LUMPUR: Details of the contracts for the construction of the KL-Singapore high-speed rail (HSR) will likely be known in two years, said the Land Public Transport Commission chief development officer Dr Prodyut Dutt.

3 September 2015 | 12:00AM |

high speed rail

Cross-border capital raising in Asean made easier

SINGAPORE: The Monetary Authority of Singapore and Singapore Exchange (SGX), together with the Securities Commission Malaysia and the Securities and Exchange Commission, Thailand, have issued a handbook to implement the Streamlined Review Framework for the Asean Common Prospectus.

4 September 2015 | 2:31PM |

Corporate News

Bursa Securities queries Caring Pharmacy

KUALA LUMPUR: Caring Pharmacy’s recent rise in share price has caught the attention of Bursa Malaysia Securities which queried the pharmacy company on Friday.

4 September 2015 | 11:11AM |

Markets

Muhibbah, Favco in focus but KLCI in the red

KUALA LUMPUR: Muhibbah Engineering and its associate Favelle Favco were among the top gainers in early Friday trade but the overall market was weaker with the FBM KLCI down nearly six points.

4 September 2015 | 9:41AM |

Markets

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