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MUMBAI: Prime Minister Narendra Modi’s government surprised investors by saying it will sell part of its stake in the state-run behemoth Life Insurance Corp (LIC) of India to meet its record asset-sale target.
FOR years, the Malaysian government has been trying to dispose of the Malaysian consulate office in Hong Kong, which it had bought 40 years ago in 1980 for HK$212mil.
KUALA LUMPUR: Sime Darby Property Bhd achieved total sales of RM3.1bil in the financial year ended Dec 31, 2019 boosted by contributions from City of Elmina, Bandar Bukit Raja, Serenia City, Putra Heights, KL East and Cantara Residences.
KUALA LUMPUR: CGS-CIMB Equities Research is retaining its Add recommendation for Sime Darby Property due to its solid balance sheet and stronger sales momentum but lowered the target price.
WITH the final reporting season for 2019 just concluded, most developers were able to provide guidance to investors on the outlook for the local property sector in 2020.
KUALA LUMPUR: Pos Malaysia Bhd may be set for an earnings turnaround in 2020 following a commercial postal rate revision to lift its postal segment's profitability.
PETALING JAYA: BIMB Holdings Bhd’s private placement to raise RM800mil, which it plans to undertake as part of a group-wide restructuring, will now take place when the market improves
KUALA LUMPUR: Permodalan Nasional Bhd (PNB) will tactically increase its investments global to 30% by 2022, from its current global exposure of 8.5% as of end-2019 following the conclusion of its Mid-Term Review.
One of the key concerns is on the take-up rate of the exercise
KUALA LUMPUR: Boustead Holdings Bhd had on Friday unveiled its transformation plan to drive the group forward for the next three years.