Daniel Khoo

Recent and archived articles by Daniel Khoo

14 Aug 2018 | 7:00 AM

Malaysian Turkey-linked stocks fall as lira plunges

PETALING JAYA: The unfolding economic crisis in Turkey is sapping investor appetite for two large Malaysian firms with significant business operations in the country.

Falling lira: The Turkish lira has dropped more than 36 this year, according to Reuters. — Reuters
13 Aug 2018 | 7:00 AM

Time to cover early stage illnesses

KUALA LUMPUR: Etiqa Family Takaful Bhd believes it is high time for the insurance industry to start providing medical coverage to people with pre-existing illnesses which are at the early stage due to developing trends in modern day medical advancements that allow for more efficient disease detection.

Zafri: We have to broaden protection to (cover) those in need, especially those who already have diabetes or other illnesses. (Picture taken during the interview.)
13 Aug 2018 | 7:00 AM

India's Fortis shareholders to decide on Malaysian IHH offer today

PETALING JAYA: India’s high court has refused to block a planned Fortis Healthcare Ltd extraordinary general meeting (EGM) to get shareholders’ approval for IHH Healthcare Bhd’s proposed plan to acquire Fortis.

Indian hospital operator Fortis manages to proceed with EGM
11 Aug 2018 | 7:00 AM

Potentially stalled IHH-Fortis merger a blessing in disguise

Past issues threaten to put planned acquisition in disarray

10 Aug 2018 | 7:00 AM

Can Japanese court order in India derail Malaysia's IHH-Fortis deal?

Court order by Japanese drugmaker Daiichi Sankyo puts acquisition of India's Fortis in jeopardy.

“This could be an opportunity for IHH to exit the deal, given the changes in the Khazanah board and the leadership direction in Khazanah,” said a source.
7 Aug 2018 | 7:00 AM

Gamuda gets Splashed, share price tumbles

PETALING JAYA: Shares of Gamuda Bhd tumbled on worries that the company may have to settle for a lower valuation for its water assets. The stock declined 16 sen or 4.12% to RM3.72 on a volume of 15.36 million shares.

Water asset: A worker checking one of Splash’s water treatment plants. The Selangor state government has offered to buy the company, in which Gamuda is a shareholder, for RM2.55bil
6 Aug 2018 | 7:00 AM

Eye on tech companies in Malaysia exposed to the Apple supply chain

PETALING JAYA: Local technology companies, especially those exposed to the Apple supply chain, will be closely watched back home.

The strong performance at Apple could be a catalyst for greater interest into several semiconductor companies at home because Apple is a substantial end-client in the supply chain for their products.  One of those companies is Globetronics Technology Bhd that had also seen an impressive jump in its bottom line for the second quarter ended June 30.
28 Jul 2018 | 7:00 AM

Property sector cautious amid ‘bubble’ talk, new housing policy

THE property market, which has been facing strong headwinds in the past couple of years, continues to be on high alert amid continued discussions of a possible “bubble” and the Government responding in kind to introduce a new national housing policy.

19 Jul 2018 | 7:00 AM

Sapura's CEO survives ouster move

KUALA LUMPUR: Sapura Energy Bhd chief executive officer Tan Sri Shahril Shamsuddin survived a bid to oust him as a director amid unhappiness over his total pay package of RM71.92mil in the financial year 2018 ended Jan 31 (FY18).

"We have brought this issue up many times but it’s mostly just been ‘noted’ with no concrete action being taken" says MSWG’s Lya Rahman. However Shahril is still CEO of Sapura Energy after chalking up 82% of the votes in the AGM. (Filepic of Shahril speaking to reporters in April last year)
18 Jul 2018 | 2:48 PM

Sapura Energy's Shahril survives ouster move at AGM

KUALA LUMPUR: Sapura Energy Bhd chief executive officer (CEO) Tan Sri Shahril Shamsuddin survived a bid to oust him as director and CEO amid unhappiness over his total pay package of RM71.92mil in financial year 2018 ended Jan 31 (FY18).