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PETALING JAYA: Embattled Kinsteel Group Bhd has proposed an extensive regularisation exercise to extricate itself from its debt by asking the financial institutions and holders of corporate guarantees to take a massive haircut of its RM1.68bil in liabilities.
KUALA LUMPUR: Embattled Kinsteel Group Bhd has proposed an extensive regularisation exercise to cut its debts by reducing its share capital, fund raising, disposal of land and resolution of its liabilities.
GELANG PATAH: More than 50 fishermen in Kampung Melayu Dapur Arang will soon be able to sigh with relief when the project to reconstruct a broken down jetty is completed.
KUALA LUMPUR: The Life Insurance Association of Malaysia (LIAM) has appointed veteran Loh Guat Lan, CEO of Hong Leong Assurance Bhd, as president of the trade association.
PETALING JAYA: Customers who have purchased travel insurance or takaful products from Etiqa will be able to claim compensation if their flight was delayed for more than the stipulated number of hours in their policy contract.
KUALA LUMPUR: GDB Holdings Bhd has tendered for RM2.9bil worth of residential and commercial building projects in the Klang Valley, its managing director Cheah Ham Cheia said.
THE Rotary Club of Seremban recently held a mammogram and pap smear screening programme for 20 women to create awareness of the importance of undergoing regular health checks.
KUALA LUMPUR: Malayan Banking Bhd posted net profit of RM1.81bil in the first quarter ended March 31, 2019 on revenue of RM12.97bil as it undertook prudent measures amid the challenging operating environment.
KUALA LUMPUR: Etiqa Group Insurance & Takaful’s gross premium for FY ended Dec 31, 2018 increased by 17% to RM7.2bil and retained its position as the top online insurer in the country with more than 65% market share.