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Puncak Niaga awarded PUAS

The Government has awarded the privatisation of the management of water supply operations in Selangor, Kuala Lumpur and Putrajaya to the Puncak Niaga group and Kumpulan Darul Ehsan Bhd, after having considered several proposals and counter-proposals.

News in brief

Banks get tough over Northern Utilities' RM1.1bil loans

Independent power producer (IPP) Northern Utilities Resources Sdn Bhd's receivership signals a new get-tough attitude of banks towards large borrowers.

More woes for crisis club Wrexham

Crisis club Wrexham, who went into administration on Friday with debts of £2.5mil, suffered more misery when they were knocked out of the FA Cup in the second round.

Syed Mokhtar set to add motor vehicles to stable

WITH the Government in support of Tan Sri Syed Mokhtar Albukhary#8217;s bid for the 15.8% stake in DRB-HICOM Bhd, the business tycoon is now in a position to add the motor vehicle industry to his portfolio of businesses that include power and ports.

Air China expects global IPO to raise net HK$7.5bil

China's national flag carrier Air China expects to raise net proceeds of a maximum HK$7.51bil from its global initial public offering (IPO), including an over-allotment option, and will use the money mostly to acquire 10 I>Airbus 319 /I>and four I>Boeing 737-700 /I>aircraft.

Korea Electric a shining star

A bright earnings outlook helped by the South Korean won's rally has turned the long-stagnant stock of giant Korea Electric Power Corp. into a star among Asian electricity shares this year.

Sharifah Aini and her controversies

Antah plans to streamline operations

Antah Holdings Bhd plans to list two subsidiaries on Bursa Malaysia next year, acquire a controlling stake in a construction-based company and divest existing non-core assets as part of its strategy to streamline operations.

KUB to sell units, find new ventures

KUB Malaysia Bhd is looking at ways to dispose of non-profitable units and will make fresh proposals to the board of directors soon for new business ventures as part of its efforts to return to the black.