Daniel Khoo

Recent and archived articles by Daniel Khoo

28 Apr 2018 | 7:00 AM

Tech stocks take a beating

THE odds do not seem to favour technology-based stocks overall at present, with market leaders such as Apple Inc tanking to a near-2½-month low.

27 Apr 2018 | 7:00 AM

Malaysia needs to move up value chain in shared services

PETALING JAYA: There is a need for the country to move up the value chain in the shared services industry so that it would not lose its competitive advantage, said Agos Asia Sdn Bhd chief executive officer Joon Leng Teoh (pic).

AGOS founder and CEO Joon Teoh at the Star Finance Transformation and Shared Services Conference at Eastin Hotel in Petaling Jaya. AZMAN GHANI / The Star
26 Apr 2018 | 7:00 AM

CFOs coping with more tasks nowadays, conference told

PETALING JAYA: The role of the chief financial officer (CFO) has evolved, with more companies looking to cut cost and CFOs having to do more compared to before, said Mabel Lau (pic), Standard Chartered’s country finance division CFO.

“The scope of what falls under the CFO has gone very much wider. Some functions outside finance are also now reporting to CFOs due to synergies and partly due to the absence of the chief operating officer’s role in some organisations. So, the mandate has actually gone wider,” Lau(pic) told StarBiz at the Finance Transformation & Shared Services Conference, which is organised by Star Media Group Bhd.
25 Apr 2018 | 7:00 AM

Oil prices at fresh highs

PETALING JAYA: Oil prices continued to climb to a near 3½-year high, crossing the US$75 per barrel mark on expectations of lower supply.

24 Apr 2018 | 7:00 AM

Khazanah buys stake in China’s Ping An Good Doctor

PETALING JAYA: Khazanah Nasional Bhd has emerged as one of the cornerstone investors in soon-to-be listed online healthcare platform Ping An Good Doctor, a unit of China’s biggest insurer by market value, reports say.

The move to buy into Good Doctor is also a part of Khazanah’s plan to grow its overseas contribution to its portfolio, as alluded to by its managing director Tan Sri Azman Mokhtar(pic) in January 2018.  Azman said in January at the World Economic Forum that the rate of return from its foreign investments are slightly higher in the teens compared to its investments locally in Malaysia.
23 Apr 2018 | 7:00 AM

HSS Engineers expects to grow its order book

PETALING JAYA: HSS Engineers Bhd is confident of growing its order book from the present record level of RM963mil.

HSS Engineers Bhd CEO and executive director Datuk Nitchiananthan Balasubramaniam.
20 Apr 2018 | 7:00 AM

IHH Healthcare tells more on bid for Fortis

PETALING JAYA: IHH Healthcare Bhd disclosed more information in its proposal to take over Fortis Healtcare Ltd of India. However, it will be among one of the many bidders that have submitted improved bids for the healthcare provider.

Defending itself: One of Fortis’ hospitals in India. Fortis has categorically denied a speculative news report that it is on the verge of bankruptcy
19 Apr 2018 | 12:50 PM

IHH plans to inject RM2.4bil in India’s Fortis takeover

PETALING JAYA: IHH Healthcare Bhd said it had on Wednesday issued a strictly non-binding letter to the board of Fortis Healthcare Ltd saying that it is ready to infuse up to INR4,000 crores (or RM2.36bil) into the latter company through a preferential allotment of equity shares.

17 Apr 2018 | 7:00 AM

IHH-Fortis merger can still happen

This is despite Fortis’ binding agreement with Manipal-TPG

IHH, South-East Asia’s largest hospital operator, yesterday announced that the proposed acquisition of Fortis, India’s second-largest healthcare provider, was off for now because Fortis was unable to engage with it.
14 Apr 2018 | 7:00 AM

IHH in battle for Fortis again

But concerns over Indian hospital operator’s legacy issues persist

Prized asset: A Fortis hospital in New Delhi. IHH is currently the top bidder for Fortis, offering as much as 160 rupees (RM9.51) per Fortis share, according to the latest news reports. — Reuters