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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".
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.
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
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.
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.