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Heavy price to pay if TNB deal not transparent

TENAGA Nasional Bhd’s (TNB) association – either to buy out or form a partnership – with the company holding the power plant assets of 1Malaysia Development Bhd (1MDB) does not bode well for the utility giant.


UEM Sunrise sells Johor building for RM138mil

KUALA LUMPUR: UEM Sunrise Bhd’s unit UEM Land Bhd has sold the Imperia Building in Nusajaya, a newly-built office block with a retail area, to UEM Group Bhd (UEMG) for RM137.8mil cash.


CIMB to see full recovery in quarter 4?

CIMB Holdings Group Bhd will need at least two more quarters before benefits from its T18 initiatives which emphasise on cost-cutting and key business areas, are reflected on its balance sheet.


UEM Sunrise wraps up Melbourne 21-storey office tower purchase

KUALA LUMPUR: Property developer UEM Sunrise Bhd has completed the acquisition of a 21-storey office tower in Melbourne, Australia, for A$58mil (RM161mil).


Tengku Zafrul's game plan

THE biggest nightmare for any banking chief executive is to go into a merger only to find the capital markets roiling into uncertainty and the real economy wobbling a few months down the road.


1MDB’s cash crunch

The next nine years are crucial for fund, as its obligations are estimated at some RM40bil

Corporate News

ETP report’s effects yet to be felt

THE yearly report on the Economic Transformation Programme (ETP), with its various initiatives loaded with consultant-speak, is still a handful for some, especially when it comes to quickly summing up how much progress has been charted so far.


Global forex market

The dollar erased its weekly gains, closing marginally lower by 0.02% to 96.8 after the US Federal Reserve’s Williams commented on the need for the central bank to “act quickly” as economic growth slows, fuelling market players to add bets on a 50-basis point (bps) cut in July’s FOMC meeting.


Time to look east for MAS

Comment by Pankaj C Kumar The airlines industry is one tough industry to be in. Whether in the US, Europe or Asia, governments have from time to time come to the rescue of their national carriers mainly due to catastrophic incidents like the Sept 11 terror strike, unsustainable business models or even simply due to a massive debt load.


Fitch affirms Malaysia rating at A minus with stable outlook

KUALA LUMPUR: Fitch Ratings has affirmed Malaysia's Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'A-' with a Stable Outlook.