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Ray-Ban maker agrees to buy GrandVision for US$7.9bil
LONDON: EssilorLuxottica SA agreed to buy GrandVision NV in a deal that values the smaller Dutch eyecare retailer at 7.1 billion euros ($7.9 billion) and brings the Ray-Ban sunglass brand and Vision Express prescription centers under the same roof.
Quick take: Grand-Flo shares fall on takeover announcement
KUALA LUMPUR: Grand-Flo Bhd, which received a takeover, fell almost 2% in early trade on Wednesday.
Seven deadly sins of partnership investment
ONCE you get into your 50s and 60s, life is all about attending marriages and funerals. Similarly, in businesses, you would see more breakups in partnerships but life would go on for those still alive. Just like marriages, some partnerships do tend to break down due to so many varied reasons.
How we put health at the heart of the Government
When all ministries implement the Health in All Policies principle, promoting health will naturally become the mission of the entire Government without too much effort.
Gamuda Land, Maxis collaborates for nation’s first Maxis-delivered 5G township
KUALA LUMPUR: Gamuda Land and Maxis have formed a strategic partnership to appoint Maxis as the preferred connectivity and solutions provider to create Malaysia’s first Maxis-delivered 5G township for Gamuda Cove.
Loke: Second phase of double-track rail job to resume
KUALA LUMPUR: The second phase of the Klang Valley Double Track (KVDT) will resume with a lower price tag, according to Transport minister Anthony Loke.
Radical changes on the cards for Deutsche Bank
FRANKFURT: Deutsche Bank AG chief executive officer Christian Sewing (pic) is putting the final touches on a sweeping turnaround plan that may reshape Germany’s biggest bank for years to come. After his first effort fell short and merger talks with Commerzbank AG went nowhere, the CEO is seeking to radically shrink and reshape Deutsche Bank’s business across the globe.
Straits Inter Logistics signs bunkering services agreement with Bintulu Port
KUALA LUMPUR: Straits Inter Logistics has entered into a provision of bunkering services agreement with Bintulu Port Sdn Bhd (BPSB) for a contract period of three years, with the option to renew for not more than two years to be mutually agreed upon.
Unwarranted trust deficit in TM
The Alternative View - By M. Shanmugam THE recent developments in Telekom Malaysia Bhd (TM) border on governance issues and underline the continued trust deficit that government-linked companies (GLCs) suffer from the Pakatan Harapan-led federal government.
Blanchard: Europe’s weapon for next crisis is fiscal policy
FRANKFURT: Government spending must play a greater role in bolstering the eurozone economy in coming years, even if that means bigger budget deficits, according to Olivier Blanchard (pic), the former International Monetary Fund chief economist.
