Izwan Idris

Recent and archived articles by Izwan Idris

22 May 2018 | 5:18 PM

Guan Eng orders 1MDB to come clean on ability to service debts

KUALA LUMPUR: New Finance Minister Lim Guan Eng has ordered 1Malaysia Development Bhd (1MDB) to brief him on the company’s ability to make the RM143.75mil interest payment due on May 30.

22 May 2018 | 7:00 AM

Kenanga in talks to buy Interpac

PETALING JAYA: Kenanga Investment Bank Bhd has begun talks to acquire the stockbroking business of Inter-Pacific Securities Sdn Bhd in a move that would create one of the largest stockbrokers in the country. Kenanga Investment hopes to close the deal within six months.

It will result in one of the largest stockbrokers in Malaysia
17 May 2018 | 5:08 PM

CIMB: RM3bil a year to keep fuel prices steady this year

KUALA LUMPUR: Keeping fuel prices steady at local pumps will be expensive for the government, but the subsidy bill will be more than offset by a projected increase in oil revenue as the price of Brent crude in the international market jumps.

15 May 2018 | 8:36 PM

ECRL spending comes under scrutiny

KUALA LUMPUR: The RM55bil East Coast Rail Link (ECRL) project is now under the spotlight with the top brass of Malaysia Rail Link, the company handling the project, been summoned to Putrajaya to explain financial details on the mega railway job to the new administration. It is learnt that so far that around RM10bil has been drawn down for the 688km railway project, while construction work progress stood at 13% as on March this year.

27 Apr 2018 | 7:00 AM

Robert Kuok controlled PPB buys LTAT stake in Hillcrest

PETALING JAYA: PPB Group Bhd, the company controlled by billionaire Robert Kuok(pic), has agreed to acquire the Armed Forces Fund Board’s (LTAT) entire 16.8% stake in property developer Hillcrest Gardens Sdn Bhd for RM59mil cash.

Billionaire Robert Kuok controls PPB, which is buying the stake in developer Hillcrest Gardens.
19 Apr 2018 | 7:40 PM

Proton plots return to Iranian car market

KUALA LUMPUR: Proton Holdings Bhd has signal its intention to return to the Iranian car market with a new plan to set up a car assembly business there.

19 Apr 2018 | 5:57 PM

PUC to invest RM90mil in 11Street

KUALA LUMPUR: PUC Bhd has agreed to invest up to RM90mil in 11Street Malaysia in a deal with Axiata and SK Planet that would give the media and advertising firm management control of the e-commerce platform.

13 Apr 2018 | 7:11 PM

Serba Dinamik buys 24.8% stake in SGX-listed CSE Global

KUALA LUMPUR: Serba Dinamik Holdings Bhd has agreed to acquire close to a quarter the shares in Singapore listed technology firm CSE Global Ltd for RM170.6mil, as the home-grown company seeks to expand its international reach.

12 Apr 2018 | 9:47 PM

Farouk sells his Impiana hotel business to Bio Osmo in RM426mil reverse takeover deal

KUALA LUMPUR: Datuk Seri Farouk Abdullah, who emerged as a substantial shareholder in Bio Osmo Bhd in April last year, is injecting his Impiana hotel business in Malaysia into the loss making company in a bid to turn it around.

14 Mar 2018 | 7:00 AM

Sapura Energy to tweak plan for separate listing of E&P division

PETALING JAYA: Integrated oil and gas (O&G) company Sapura Energy Bhd will have to tweak its plan for a separate listing of its exploration and production (E&P) division on Bursa Malaysia after an earlier proposal was shot down by market regulators.

“The company has not given up on the plan to list the E&P unit on Bursa Malaysia,” a source told StarBiz.  It is believed that Sapura Energy is seeking a valuation of around RM7bil for its E&P division.