AirAsia's cargo and logistics subsidiary Teleport has signed a direct interline agreement with Lufthansa Cargo AG under which Teleport customers will gain access to Lufthansa Cargo space on Lufthansa flights.
Key ASIC is focusing on selling licensing of its design Intellectual Properties to drive future revenue, adding that China and Russia will be their key market to promote licensing of its IPs;
Pasdec said an RM380mil vehicles electrical wiring harness contract awarded to its subsidiary in Botswana by Nissan South Africa (Pty) Ltd has been terminated due to "failure to meet targets relating to part price, tooling price, quality, delivery conditions and production capacities" as agreed between the two sides.
UEM Sunrise is disposing of one of its properties in Melbourne for A$125mil (RM354.6mil).
Matrix Concepts is acquiring 86 parcels of land in Negeri Sembilan measuring some 68.24ha for RM73.45mil to beef up its existing land bank.
The Supreme Court of Nepal has ruled that Axiata’s Nepalese unit Ncell Private Ltd will remain liable for the outstanding capital gains tax (CGT).
However, the outstanding amount was halved to 21.1 billion Nepalese rupees (approximately US$182.69mil or RM762.26mil) compared with the original outstanding amount of NPR 39.06 billion (approximately US$339.63mil or RM1.45bil.
JF Apex said the technical indicators for FBM KLCI were mixed with the RSI hovering below the overbought zone while the MACD is declining towards its signal line.
“The decline since July broke the 50- and 100-day moving averages before trending sideways in August until October.
“After last week’s loss, the FBM KLCI could hover and consolidate above the 50-day moving average at 1,585 points before resuming its ascend, ” it said.
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