In a joint statement, the companies said the collaboration was to facilitate and give convenience to their customers who will now be able to check-in at the KL Ekspres Departure Hall.
MarketWrap: Wall Street closed little changed in light trading on Monday as consumer discretionary gains countered losses in energy shares and investors laid low ahead of a US Federal Reserve meeting. The Fed is not expected to raise interest rates at the two-day meeting, which begins on Tuesday, but investors will be on the lookout for clues about future hikes. - Reuters
DJIA closed up 15.82 points, or 0.09%, to 17,229.13, the S&P 500 lost 2.55 points, or 0.13%, to 2,019.64 and the Nasdaq added 1.81 points, or 0.04%, to 4,750.28.
Forex summary
*The ringgit down 0.28% to 4.1163 per US$
*It fell 0.10%% to 4.5675 per euro
*Up 0.18% to 5.8773 to the pound sterling
*0.06% lower to 2.9884 per Singapore dollar
*0.06% higher to 3.0899 per Aussie
*Down 0.28% to 3.6170 per 100 yen
Energy
Oil prices fell about 3% on Monday on concerns that a six-week market recovery has gone beyond fundamentals as US crude stockpiles continue to build and Iran maintains little interest in joining major producers in freezing production. Brent LCOc1 finished down 86 cents, or 2%, at US$39.53. - Reuters
Top foreign stories
China's Anbang challenges Marriott with US$13b Starwood offer: China's Anbang Insurance Group Co has challenged Marriott International Inc's merger with US hotel operator Starwood with a US$12.8 billion cash offer, burnishing its credentials as one of China's top corporate acquirers. The non-binding bid, unveiled on Monday, would represent by far the biggest Chinese investment in US real estate assets. - Reuters
Apple, McDonald's, Google and IKEA to face EU lawmakers over tax deals: Apple, Google, McDonald's and IKEA will be asked about their European tax deals on Wednesday as EU lawmakers ratchet up the pressure on multinationals to pay more tax on their profits locally. - Reuters
Bill Gross is cleared to pursue US$200m Pimco lawsuit: Bond manager Bill Gross will be able to pursue his lawsuit to recoup at least US$200 million he claims that Pacific Investment Management Co owes him in the wake of his 2014 ouster from the firm he co-founded. California Superior Court Judge Martha Gooding ruled late Sunday that Gross' breach-of-contract lawsuit was strong enough to proceed. - Reuters
VW institutional investors file US$3.61b suit in Germany: Almost 300 institutional investors in Volkswagen have filed a multi-billion euro suit against the carmaker for what they see as breaches of its capital markets duty in the emissions scandal, the law firm representing them said. The lawsuit is seeking for damages of 3.256 billion euros (US$3.61 billion). Reuters
Top local stories
Top Glove seeks secondary listing on SGX: Top Glove Corp Bhd
is seeking a secondary listing on the Singapore Stock Exchange to gain a bigger audience – a move that has been undertaken by some companies previously but with little to shout about. Top Glove intends to list its shares on the Main Board of Singapore Exchange Securities Trading Ltd (SGX-ST) by the third quarter of this year. - StarBiz
Forest City gets duty-free area status: The Forest City, a mega development on four man-made islands in Iskandar Malaysia, has been accorded duty-free area status since March 6.
This is the first artificial island granted the status in Malaysia compared with the natural islands – Labuan, Langkawi and Tioman. - Bernama
Market prefers internal candidate for next Bank Negara governor: As speculation continues over who will replace Tan Sri Dr Zeti Akhtar Aziz as the next Bank Negara governor, a research firm says that the market would prefer the role being taken up by an existing deputy governor. It said this was to ensure the current policies that had been successful in promoting monetary and financial stability were maintained. - StarBiz
Malaysia economy diversified, says Zeti: Malaysia is not affected by the drop in oil prices as much as the market had expected because "we have already restructured our economy, wherein the services sector now consti- tutes some 55% of our economy while the manufacturing sector is 25%,” Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz on Monday. “Therefore, 80% of our economy is not about oil and gas." - StarBiz
I-Bhd targets foreign buyers for condo project: I-Bhd, the developer of newly launched 8Kia Peng@KLCC condominium project, expects the majority of the 442 units on sale to be taken up by foreign buyers from China, Hong Kong and Singapore. The company was targeting to sell as many as 70% of all units available to foreign buyers. Prices start from RM1.5mil a unit. - StarBiz
FGV to discuss appointment of new CEO: Felda Global Ventures Holdings Bhd (FGV) will deliberate on the appointment of a new chief executive officer (CEO) and will announce the change at the helm of the agri-busi- ness giant accordingly. - StarBiz
Several parties express interest in Can-One unit: Can-One Bhd told Bursa Malaysia on Monday that it has been approached by a number of parties expressing interest in its wholly-owned dairy manufactur- ing business F&B Nutrition Sdn Bhd. It said among the interested buyers is the private equity division of Kumpulan Wang Persaraan (Diperbadankan) (KWAP). - StarBiz
Foreign capital inflows top RM1bil: Foreign capital inflows into Malaysian equities topped RM1bil last week as investors continue to show strong buying interest for Bursa Malaysia stocks which are perceived as undervalued and yield-accretive, say analysts. - StarBiz
Malaysia seen seen to underperform regional peers: Malaysia's economy may underperform its regional peers in 2016, according Morgan Stanley Research. Morgan Stanley on Monday lowered its gross domestic product (GDP) forecast for Malaysia to between 4.2% in 2016 and 4.6% in 2017. - StarBiz
Ranhill to expand operations in China: Ranhill Water Technologies (Cayman) Ltd (RWT Cayman), an indirect subsid- iary of Ranhill Holdings Bhd, intends to grow its wastewater treatment plant business to 1,000-million-litre-per day (MLD) in China in the medium term. At present, RWT Cayman has 11 build-operate-transfer concessions and one transfer-operate-transfer operation in its portfolio of 340MLD in China. - StarBiz
CIMB Bank and CIMB Thai made cross currency dealers: Bank Negara and Bank of Thailand have respectively appointed CIMB Bank and CIMB Thai as appointed cross currency dealers for the settlement of ringgit-baht trade under the newly launched Local Currency Settlement Framework. - Bernama
Maybank opens new office in Cambodia: Malayan Banking Bhd (Maybank) is further strengthening its operations in Cambodia with the launch of Maybank Tower, a new 10-storey corporate office in the country. - Bernama
Malindo Air flies out of KLIA today: Malindo Air, a joint venture between National Aerospace and Defence Industries Sdn Bhd and Lion Air of Indonesia, will start to fly out from the Kuala Lumpur International Airport (KLIA) in Sepang today, two years after operating out of klia2. - Edge FD
Bumi Armada files suit in Aussie court: Bumi Armada Bhd has filed a suit in Australia against Woodside Energy Julimar Pty Ltd over the termination of its Armada Claire floating production storage and offloading (FPSO) contract. - Edge FD
Petronas’ Pamer project to be completed by Q2: Petroliam Nasional Bhd’s (Petronas) Raw Water Supply Project for Rapid (Pamer) project, which will supply raw water to the Pengerang Integrated Complex and Sungai Lebam reservoir in Johor, is on track to be completed by the second quarter of 2016. - Edge FD
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