Cecilia Kok

Recent and archived articles by Cecilia Kok

22 Dec 2018 | 7:00 AM

Unravelling Vincent Tan’s business empire

Tycoon reiterates that everything is up for sale, as long as the price is right.

Tan: We’re in the business for profits, not for glory.
20 Dec 2018 | 7:00 AM

Vincent Tan mulls taking 7-Eleven, BLand private; to list U Mobile, hotels

KUALA LUMPUR: Berjaya Corp Bhd (BCorp) founder and executive chairman Tan Sri Vincent Tan plans to take private his convenient chain store operator 7-Eleven Malaysia Holdings Bhd as well as property and hotel business unit Berjaya Land Bhd (BLand).

Separately, Tan revealed that Berjaya Group was close to concluding a deal to sell its Four Seasons Hotel and Hotel Residences Kyoto (Four Seasons Kyoto) in Japan for a profit of between US$350mil and US$400mil.
4 Dec 2018 | 7:00 AM

Malaysian market sentiment turns positive

PETALING JAYA: Starting December on a strong note, shares on Bursa Malaysia rallied yesterday as sentiment turned positive on regional markets after the US and China agreed on a trade war truce. Gains in global oil prices also added to the bullish tone in the local equity market.

Good tidings: Christmas decorations at the New York Stock Exchange. Asian bourses ended trading yesterday on a positive note after a US-China trade war ceasefire, in tune with Wall Street’s uptrend on Friday. — AFP
1 Dec 2018 | 7:00 AM

Journey begins for Khazanah 3.0

Sovereign wealth fund poised to reduce its stake in several listed companies and dispose of some unlisted entities as it shifts focus to domestic-oriented businesses.

New role: Pakatan Harapan wants Khazanah to go back to its old ways as part of the mantra that ‘the government should not be in business’. It wants Khazanah to reduce the number of companies in which it holds strategic stakes to a select few that have a bigger national interest.
29 Nov 2018 | 7:00 AM

Guan Eng: Data is king, not cash

KUALA LUMPUR: Cash is no longer king – data is – in today’s technology-driven world. According to Finance Minister Lim Guan Eng, it is important for Malaysia to leverage on new technologies in this era of digital economy to advance further economically and socially.

“When you talk about the digital economy, it is all about data... the previous government probably got it wrong when it said ‘Cash is king’,” Lim said.  “Cash is not king; data is king. So, when data is king, we not only have to have access, but also have to understand as well as leverage on this new platform,” he told a press conference after officiating at the SCxSC Fintech Conference 2018 here yesterday
27 Nov 2018 | 7:00 AM

TM slips into the red, first quarterly loss in 10 years

PETALING JAYA: After wading through competitive pressures in recent months, Telekom Malaysia Bhd (TM) slipped into its first quarterly loss in 10 years due to huge impairments on its wireless and fixed network assets

Bazlan (left) and Imri right. Filepic KAMARUL ARIFFIN/The Star
24 Nov 2018 | 7:00 AM

Khazanah’s investment portfolio hit by falling stocks

WITH the value of several of its core companies down significantly, it could be tough for Khazanah Nasional Bhd to post another year of positive investment performance as it did in 2017 this time around.

22 Nov 2018 | 7:00 AM

Wall Street selloff spooks Malaysian and other markets

PETALING JAYA: While some markets managed to rebound amid an onslaught of regional shares, the Malaysian and Indonesian bourses led losses as investors remained spooked by the overnight selloff on Wall Street and volatile oil prices.

ndex down: People walking in front of private stock trading boards at a private stock market gallery in Kuala Lumpur. The FBM KLCI ended at 1,695.37 points, down 15.34 points, yesterday. — AP
17 Nov 2018 | 7:00 AM

Third quarter growth at 4.4%

Contrary to market prediction, Malaysia’s economy grew at a marginally slower pace in the third quarter, instead of picking up pace.

Nor Shamsiah: Growth was affected by lingering commodity-specific supply shocks. — Bernama
3 Nov 2018 | 7:00 AM

Budget expands at the expense of fiscal deficit

Pakatan’s inaugural budget caters for economic growth amidst external challenges