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PETALING JAYA: Gamuda Bhd may announce a special dividend payout following associate Syarikat Pengeluar Air Selangor Sdn Bhd's (Splash) acceptance of the latest takeover bid by the Selangor state government, analysts said. Gamuda has an indirect stake of 40% in Splash.
PETALING JAYA: The 20% toll discount for frequent highway users effective Sept 1 should be mildly positive for the toll concessionaires that may see a marginal increase in traffic volume.
PETALING JAYA: Genting Singapore'sb/b>Resorts World at Sentosa (RWS) is in a good position to pull ahead of Las Vegas Sands' Marina Bay Sands (MBS) in the race to open the first casino in Singapore following a delay in the MBS project, analysts said.
PETALING JAYA: UMW Holdings Bhd is confident of securing a new contract for its jack-up drilling rig, Naga 2, to replace the US$170mil contract that was terminated by PCPP Operating Co Sdn Bhd recently, said president and chief executive officer Datuk Abdul Halim Harun.
THE aviation industry is already reeling from losses and dwindling demand due to the global recession. Even now, with oil prices having tumbled to well below last year's high of US$147 a barrel, several airlines are still paying off hedges locked in last year.