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Business 30 Dec 2016 | 12:00 AM

Dealmaker Erick Thohir eyes insurance after Inter Milan sale

JAKARTA: Indonesian businessman Erick Thohir (pic), whose investments have ranged from newspapers to sports teams in the United States and Europe, is now betting on life insurance.

Business 30 Dec 2016 | 12:00 AM

Inside job in Bangladesh central bank heist?

DHAKA: A top investigator into the electronic theft of US$81mil from the Bangladesh central bank is turning his attention to some IT technicians from the bank whom he suspects hooked up its transactions system to the public Internet, giving hackers access.

Business 30 Dec 2016 | 12:00 AM

China turns to US$503bil rail expansion to boost growth

BEIJING: China plans to spend 3.5 trillion yuan (US$503bil) to expand its railway system by 2020 as it turns to investments in infrastructure to bolster growth and improve connectivity across the country.

Corporate News 30 Dec 2016 | 1:02 AM

Serba Dinamik to list in Feb in biggest Malaysian IPO in 19 months

KUALA LUMPUR: Malaysian engineering group Serba Dinamik Holdings Bhd is looking to raise 584 million ringgit ($130.29 million) in an IPO on the domestic stock exchange in February, its CEO said, in what would be the country's biggest listing in 19 months

Business 30 Dec 2016 | 1:16 AM

Breakfast briefing: Friday, December 30

Breakfast briefing: Friday, December 30

Corporate News 30 Dec 2016 | 2:56 AM

SM Track jumps despite external auditor's concerns

KUALA LUMPUR: SMTrack Bhd jumped in late Friday morning trade as traders ignored its external auditor's concerns over audited financial statements for FY ended July 31, 2016.

Corporate News 30 Dec 2016 | 3:20 AM

Crescendo's 9M core earnings beat expectations

KUALA LUMPUR: Contributions from better priced properties catalysed Crescendo Corporation Bhd’s core net profit for the first nine months of financial year 2017 (9MFY17) to grow by 48% to RM21.5mil, beating expectations.

Corporate News 30 Dec 2016 | 3:51 AM

Manufacturers cautious about possible gas tariff hikes

KUALA LUMPUR: The Federation of Malaysian Manufacturers (FMM) is cautious about the impact of possible cumulative gas price hikes by end of 2019 due to the uncertain global economy in the next few years.

Corporate News 30 Dec 2016 | 4:53 AM

KIP REIT to raise at least RM234m from IPO

KUALA LUMPUR: KIP Real Estate Investment Trust (KIP REIT) plans to raise at least RM234mil under its proposed listing on the Main Market of Bursa Malaysia Securities.

Corporate News 30 Dec 2016 | 5:27 AM

Bursa only Asian market in the red on last trading day of 2016

KUALA LUMPUR: Axiata and Maybank weighed on the FBM KLCI at midday on Friday after two straight days of gains while the ringgit lost more ground against the key currencies. However, crude oil prices climbed.