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LONDON: State Grid Corp of China is nearing an agreement to acquire a 49% stake in Oman’s state-owned transmission company in the first major privatisation by the Middle East’s largest non-Opec oil producer, people with knowledge of the matter said.
Ever since the Pakatan Harapan government came to power, one of the things we learned was the total amount of government debt that Malaysia now have, which comprise not only the official government debt, but also two other components – committed government guarantees and lease payment for Private-Public Partnership (PPP) projects as well as debts related to 1MDB.
Mulpha International Bhd has pared down its stake in one of its key assets – Australia’s retirement village operator, Aveo Group Ltd to 15.5% from the 24.4% it held before.
MANILA, ANN, Dec 4 — President Rodrigo Duterte has threatened to jail and file economic sabotage cases against officials of Maynilad Water Services Inc. and Manila Water Co. Inc. and others involved in what he called onerous water concession agreements.
KUALA LUMPUR: Keretapi Tanah Melayu Berhad (KTMB) has an accumulated loss of RM2.829bil as of Dec 31 last year, according to the second series of the Auditor-General’s Report 2018.
KUALA LUMPUR: Chaos reigned and tempers flared after Keretapi Tanah Melayu Berhad (KTMB) opened their counters and website for ticket purchases for the holiday season, from December 2019 to February 2020.
THE Indian economy continues to slow. The monthly Index of Industrial Production fell to an eight-year low in the month of September, contracting by over 4%. According to India’s central bank, growth in bank credit to industries in the same month fell to 2.7%, the lowest in a year. While the numbers for services are a little better, even they stand at a two-year low.
PETALING JAYA: The majority of Genting Malaysia Bhd’s (GenM) loss-making Empire Resorts Inc stockholders have approved the proposed merger with the joint-venture company (JVCo) of GenM and Kien Huat Realty III Ltd (KH).
KUALA LUMPUR: Majority of Genting Malaysia Bhd's loss-making Empire Resorts Inc stockholders have approved the proposed merger with the joint-venture company of GentingM and Kien Huat Realty III Ltd (KH).