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PETALING JAYA: Petroliam Nasional Bhd (Petronas) is looking to make cuts in its operating expenditure (opex) by between 25% and 30% to preserve its profitablity as crude oil prices continue to tumble.
PUBLICINVEST Research said among the key takeaways from its recent meeting with AirAsia X Bhd (AAX), the group chief executive officer Datuk Kamarudin Meranun is expecting operating profit by end-2015, building on ancillary income to boost revenue, improving integration within AirAsia Group to achieve better economies of scale and exploring new routes to drive new sales,
PETALING JAYA: The Finance Ministry (MoF) said Prokhas Sdn Bhd is a company that has been providing advisory and consultancy services to the ministry and has not been appointed to assist 1Malaysia Development Bhd (1MDB).
HONG KONG: China's Evergrande Real Estate Group has cut leverage on its balance sheet over the past two years to a third by classifying some of it as equity, according to analysts' calculations based on its public filings.
PETALING JAYA: IJM Land Bhd has entered into a strategic partnership with Singapore-based Perennial Real Estate Holdings Ltd (PREH) to acquire and develop a 32.76-acre freehold waterfront land in Gelugor, Penang, into a large-scale integrated mixed-use development.
PETALING JAYA: Kota Kinabalu-based port operator Suria Capital Holdings Bhd’s green light to finally develop the Jesselton Quay (JQ) in Kota Kinabalu, Sabah, is seen as a positive step for the company’s future earnings, according to analysts.