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

MRCB, George Kent jump after picked for LRT3 job

KUALA LUMPUR: Shares of Malaysian Resources Corp Bhd (MRCB) and George Kent closed higher on Friday after they were picked as project-delivery partner for the RM9bil light rail transit three (LRT 3) project.

4 September 2015 | 7:15PM |

Markets

VW's unassuming CFO emerges from boardroom wars as chairman

FRANKFURT: Austrian Hans Dieter Poetsch, Volkswagen AG's finance chief, faces a massive task in his future role as chairman - to maintain the support of the often divided stakeholders who have chosen to back him while improving the carmaker's profitability.

4 September 2015 | 7:53AM |

Automotive

CEO: AirAsia India to be profitable next year

KUALA LUMPUR: AirAsia India, which posted a net loss of Rs44.15 crore (RM28mil) will be profitable from December onwards, AirAsia Bhd group chief executive officer Tan Sri Tony Fernandes said.

4 September 2015 | 12:00AM |

Air Asia

New landmark: An artist’s impression of Agile Mont Kiara, a 10-acre freehold residential development by Agile Real Estate.

China developer to launch RM1.2bil project

PETALING JAYA: Hong Kong Stock Exchange-listed Agile Property Holdings Ltd is proving that there is good demand for Mont Kiara living by building a RM1.2bil residential project there.

3 September 2015 | 12:00AM |

agile

MRCB, George Kent jump after picked for LRT3 job

KUALA LUMPUR: Shares of Malaysian Resources Corp Bhd (MRCB) and George Kent closed higher on Friday after they were picked as project-delivery partner for the RM9bil light rail transit three (LRT 3) project.

4 September 2015 | 7:15PM |

Markets

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

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