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KUALA LUMPUR: Axiata Group Bhd may dispose of its 49% stake in Iran's Mobile Telecommunications Co of Esfahan (MTCE), a small mobile operator it acquired in 2005.
PETALING JAYA: The appreciation of the ringgit against the US dollar, rising interest rate and redirection of funds are among the reasons that have triggered an increase in foreign buying of Malaysian Government Securities (MGS).
PETALING JAYA: Tan Sri Halim Saad's RM1.62bil offer to buy QSR Brands Bhd's business failed to impress the market, prompting some investors yesterday to lock in gains on QSR shares and related companies KFC Holdings (M) Bhd (KFCH) and Kulim (M) Bhd amid worries that the proposed takeover may not go through.
KUALA LUMPUR: Crude palm oil (CPO) futures prices on Bursa Malaysia Derivatives are expected to be firmer this week on expectations of better overseas demand amid tight supply.
PETALING JAYA: The construction sector emerged as the clear winner from Budget 2011 but a rally in the past months means stocks valuation are no longer cheap and the risk is higher.