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AseanPlus News 18 Oct 2018 | 11:36 AM

Bribery probe hurts one of South-East Asia's biggest projects

JAKARTA (Bloomberg): The home of Lippo Group's deputy chairman James Riady was searched by Indonesian anti-graft officials, the latest development in a bribery probe that has entangled one of the country's leading business conglomerates and thrown into doubt the future of a major development project touted as the "Shenzhen of Indonesia".

Corporate News 28 Sep 2018 | 2:41 AM

MARC downgrades Talam Transform’s settlement BaIDs rating to Cis

KUALA LUMPUR: Malaysian Rating Corp Bhd (MARC) has downgraded Talam Transform Bhd’s RM134.2mil settlement Bithaman Ajil Islamic Debt Securities (BaIDs) rating to CIS from B-IS.

Corporate News 08 Mar 2018 | 10:58 AM

DRB-Hicom sells non-core assets for RM1.9b

KUALA LUMPUR: DRB-Hicom Bhd is undertaking a corporate exercise which will see it shifting its focus for its properties sector in a RM1.90bil deal which will involve a land swap and enabling it to receive a one-time gain of about RM849mil.

Corporate News 23 Feb 2018 | 10:28 AM

RAM maintains Mudajaya ratings, negative outlook

KUALA LUMPUR: RAM Ratings maintained its ratings of Mudajaya Corporation Bhd's debt notes as it expects the group’s profit performance to be better but it also kept the negative outlook on the long-term rating.

Analyst Reports 15 Feb 2018 | 12:00 AM

E&O 'outperform', OQG 'hold', Yong Tai 'buy', Ajinomoto 'buy'

EASTERN & Oriental Bhd’s (E&O) third quarter ended Dec 31, 2017 net profit came in at RM22mil, a 29.3% year-on-year decline and 11.7% quarter-on-quarter increase, which beat PublicInvest’s expectations but fell below consensus

Corporate News 15 Jan 2018 | 12:00 AM

Scomi Group may sell some assets

Group aims to pare down debt after merger with Scomi Engineering

Corporate News 28 Nov 2017 | 8:28 AM

Shell calls end to austerity with return to full dividend

LONDON: Royal Dutch Shell on Tuesday cancelled an austerity dividend policy as the oil and gas company boosted its cash generation forecasts, drawing a line under three years of oil price turmoil.

Corporate News 30 Oct 2017 | 3:39 PM

DutaLand board mulls business diversification

KUALA LUMPUR: DutaLand Bhd, which on Monday entered into an agreement to sell almost all of its plantation land to Boustead Plantations Bhd for RM750mil, plans to use the proceeds to seek new businesses.

Markets 21 Sep 2017 | 12:00 AM

MRCB 'outperform', UMW 'buy', KESM 'buy', Adventa 'hold'

KENANGA Research has raised Malaysian Resources Corp Bhd’s (MRCB) financial year 2018 (FY18) forecast earnings by 49% after the company fixed its right issue price at 79 sen and secured a new contract amounting to RM58.9mil to construct a stadium in Larkin, Johor.

Corporate News 15 Sep 2017 | 11:14 AM

S&P Global Ratings affirms IOI Corp credit rating

KUALA LUMPUR: S&P Global Ratings affirmed its 'BBB-' long-term corporate credit rating on IOI Corp. Bhd. The outlook is stable.