Recent and archived articles by Isabelle Lai
PETALING JAYA: The three-month temporary period where telecommunication companies (telcos) are giving extra talk time and SMS to their prepaid subscribers are unlikely to bite into their margins as both categories have been providing steadily declining contributions to revenue, said M&A Securities.
PETALING JAYA: Malayan Banking Bhd (Maybank) has announced its intention to undertake a fundraising exercise for working capital, general banking and other corporate purposes in a foreign country, but has yet to disclose further details.
PETALING JAYA: While prevailing uncertainties such as the US interest rate direction, oil price movement and goods and services tax (GST) implementation will continue to overshadow market sentiment, the upcoming 11th Malaysia Plan (11MP) and Invest Malaysia (IM) conference might give the local market a boost.
KUALA LUMPUR: Dialog Group Bhd has obtained shareholders’ approval to proceed with its plan to invest in two new oil and gas projects in Pengerang, Johor, which are expected to provide long-term recurring income once operational.
PETALING JAYA: After a challenging 2014, Boustead Heavy Industries Corp Bhd (BHIC) is looking forward to a “much brighter future” and will continue to make its shipbuilding activities for the Royal Malaysian Navy its top priority, according to chairman Tan Sri Lodin Wok Kamaruddin.
KUALA LUMPUR: Boustead Heavy Industries Corporation Bhd’s (BHIC) top priority will continue to be servicing the Royal Malaysian Navy for ship building, repair and maintenance over the next five years, said its chairman Tan Sri Lodin Wok Kamaruddin.
PETALING JAYA: Construction company Mudajaya Group Bhd’s chief operating officer (COO) James Wong has now stepped up as group managing director (MD) and chief executive officer (CEO) amidst an ongoing internal investigation into irregular transactions involving one of its projects.
PETALING JAYA: CIMB and Maybank’s respective investment banking arms, CIMB Investment Bank Bhd (CIMB) and Maybank Investment Bank Bhd (Maybank IB), have entered into an agreement with Cititower Sdn Bhd for a 20-year RM3.2bil syndicated Islamic term financing (ITF).
PETALING JAYA: Integrated death-care service provider Nirvana Asia Ltd posted a 28.5% jump in adjusted profit attributable to the owners of the company to US$44.6mil (RM165.3mil) for its financial year ended Dec 31, 2014.
PETALING JAYA: Retailer Parkson Holdings Bhd’s Hong Kong-listed subsidiary Parkson Retail Group Ltd (PRGL) has issued a profit warning after losing a property dispute in Beijing for which the latter must cough up 140.4 million yuan (RM83.9mil).