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Corporate News 20 Mar 2019 | 12:00 AM

JAG in MoU for bauxite mining

PETALING JAYA: JAG Bhd has entered into a memorandum of understanding (MoU) with Empire Mining Sdn Bhd to look into a possibility of setting up a joint venture.

Construction 20 Mar 2019 | 12:00 AM

MRCB stepping up game in construction industry with MBS

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) is stepping up the game in the construction industry by eyeing to introduce the country’s first volumetric building system by year end.

Business 20 Mar 2019 | 12:00 AM

MAS retirees: Let us help revive national carrier

PETALING JAYA: The Malaysia Airlines Retirees Association (Masra) has made an emotional appeal to the government, urging it not to shut down the national carrier.

Investment 20 Mar 2019 | 12:00 AM

AmInvestment starts coverage on QES, fair value at 34 sen

KUALA LUMPUR: AmInvestment Research has initiated coverage on QES Group (QES) with a “buy” recommendation and a fair value of 34 sen a share based on FY19F PE of 15 times, representing a 42% upside.

Investment 20 Mar 2019 | 12:00 AM

Mindtree says US$480mil hostile bid a ‘grave threat’

MUMBAI: Mindtree Ltd’s top executives forcefully objected to a proposed takeover bid from Larsen & Toubro Ltd, calling it a “grave threat” to the Indian software developer’s future.

Technology 20 Mar 2019 | 12:00 AM

Xiaomi gets no lift from giant rally

HONG KONG: If the rising tide of investor optimism in China (and tech shares) is supposed to lift all equity boats, then at the moment Xiaomi Corp appears to be adrift.

Corporate News 20 Mar 2019 | 12:00 AM

Mukesh Ambani bails brother out of jail trouble

NEW DELHI: Asia’s richest man Mukesh Ambani has helped his younger brother avert a stint in jail, stepping in to make a US$80mil payment for his sibling whose telecom-to-infrastructure empire is struggling with debt.

Banking 20 Mar 2019 | 12:00 AM

Deutsche plans to give up office space in HK’s tallest skyscraper

HONG KONG: Deutsche Bank AG, the struggling German lender that’s in talks about a merger with Commerzbank AG, is weighing giving up as many as three of the 10 floors it occupies in Hong Kong’s tallest skyscraper, people with knowledge of the matter said.

Auto 20 Mar 2019 | 12:00 AM

India’s Ola raises US$300mil from Hyundai Motor

BANGALORE: India’s Ola is raising US$300mil from Hyundai Motor Group, giving the ride-hailing startup more capital to compete for drivers and customers against Uber Technologies Inc just as the US rival prepares for an initial public offering.

Corporate News 19 Mar 2019 | 12:21 PM

Fintec Global buys Zouk Club KL

KUALA LUMPUR: Fintec Global Bhd has agreed to acquire a 75% equity interest in Zouk Club (KL) Sdn Bhd for RM28.95mil.