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PETALING JAYA: Lebuhraya Borneo Utara Sdn Bhd – the project delivery partner of the Pan Borneo Highway – has not given consent to the joint-venture (JV) company formed between Ekovest Bhd and Samling Group to undertake sub-contraction work valued at some RM2.11bil for the highway.
LONDON: British outsourcing group Capita lost 40 percent of its value on Wednesday after its new boss slashed profit forecasts and set out plans to raise cash to avoid the same fate as collapsed Carillion.
JOHANNESBURG: Shares in Steinhoff International lost more than half their value on Wednesday after the furniture retailer said it would launch an investigation into accounting irregularities, its chief executive resigned and it postponed full-year results.
SINGAPORE: Blumont Group, one of the stocks that was at the centre of Singapore's largest case of financial fraud, is now the subject of a takeover bid for 0.0182 cent a share
TWO decades ago, Thailand became ground zero of the Asia financial crisis, when its government scrapped a dollar peg with the baht, a devaluation that unleashed a wave of speculative attacks on other regional currencies and shook the global economy. Now, the baht is again posing challenges for Thailand but this time because it may be too strong.
MELBOURNE: The world’s biggest iron ore miners will be able to withstand the expected plunge in prices because their race to cut production costs has dramatically lowered the industry’s margin pressure point, allowing them to keep fuelling a cash juggernaut that’s revived the mining sector.
MALAYSIAN vehicle sales growth had been steadily moving at cruising speed over the past six years but came to a screeching halt in 2016.