Maybank rose 13 sen to RM5.85 and added 2.1 points to the KLCI on Feb 4, 2016. STAR
Energy
Brent crude was 1.05% higher to US$50.16 per barrel at 3.18pm.
Forex
Ringgit up 1.11% to 4.0990 versus the US dollar at 3.47pm.
Top foreign stories
BlackRock agrees to sell Singapore office tower to Qatar fund for US$2.5b: BlackRock Inc has agreed to sell a 43-storey office building in Singapore to Qatar Investment Authority, a sovereign wealth fund, for S$3.4 billion (US$2.5 billion), in what the US firm said was the largest-ever single-tower real estate deal in the Asia-Pacific region. — Reuters
‘Cable Cowboy’ Malone weighs his next move in Europe: A generation after “Cable Cowboy” John Malone transformed the pay-TV sector in the United States, he is back in the spotlight - this time in Europe, where he is plotting a role in the consolidation of the British telecoms market. Top of the billionaire rainmaker’s wish list is what would be a transformational deal between Liberty Global, the London- and Denver-based cable operator Malone chairs, and Britain’s Vodafone. Combining their operations in Europe would create the continent’s biggest communications company with broadband and mobile operations spanning several countries. — Reuters
Top local stories
Gamuda Land expects Aussie project to be fully taken up in two years: Gamuda Land, the property arm of Gamuda Bhd
, expects its maiden Australian project in Melbourne, Austra;ia , to be fully taken-up within the next two years. About 30% of the units have already been sold to Malaysian buyers, a top official said. — StarBiz
Maybank announces three senior management appointments: Malayan Banking Bhd (Maybank) has appointed its group chief financial officer Datuk Mohamad Rafique Merican as Islamic banking group head and Maybank Islamic CEO, It also said Datuk Amirul Feisal Wan Zahir (currently the group head, global banking) will assume the role of group chief financial officer while Datuk Muzaffar Hisham (current group head of Islamic banking and CEO of Maybank Islamic) has been appointed group head of global banking. All appointments are effective July 1. — StarBiz
Muhibbah Engineering to buy land in Kuantan for RM26m: Muhibbah Engineering (M) Bhd has entered into an agreement with Perbadanan Setiausaha Kerajaan Pahang for the proposed acquisition of a land in Kuantan, Pahang, for RM26.45 million. The company said the land would be developed into the Kuantan Maritime Hub over 10 years. — Bernama
Nexgram explains delay in special audit report: Nexgram Holdings Bhd said its special auditor Ferrier Hodgson MH Sdn Bhd (FHMH) needs more time to submit its first draft report to the board of directors. It said the delay in delivering the first draft report that was due om May 31 was mainly due to the substantial time taken by the company in compiling the information and documents recently requested by FHMH. — StarBiz
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