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Business

AK ponders RM4.6bil               IPO of Astro Investment bankers have approached Astro about a possible share sale

Kuala Lumpur: Malaysian billionaire T. Ananda Krishnan is considering an initial public offering (IPO) of the countrys largest pay-television broadcaster, Astro All Asia Networks Plc, according to a company official.

Business

Mustapa calls for continued collaboration between Proton and Perodua

KUALA LUMPUR: Proton Holdings Bhd and Perusahaan Otomobil Kedua Sdn Bhd (Perodua) should continue to collaborate in areas they had previously agreed on, said International Trade and Industry (MITI) Minister Datuk Seri Mustapa Mohamed.

Business

Four parties apply for exemption from Competition Act

PETALING JAYA: Four parties from the logistics, insurance, and food industries have applied to the Malaysia Competition Commission (MyCC) to be exempted from complying with the Competition Act 2010.

Business

Transport Ministry unaware of reported cancellation of MAS-Air Asia share swap

KUALA LUMPUR: Transport Minister Datuk Seri Kong Cho Ha, is unaware of any cancellation of the deal, involving the share swap between Malaysia Airlines (MAS) and Air Asia.

Business

No plans to re-list Proton

DRB-Hicom has no plans to re-list national carmaker Proton after taking the latter private.

Business

Danga gets 14 enquiries from local and foreign investors

DANGA Bay had seen a flurry of investors coming to its place last week, some serious, some just wanted information as to what is available and at what prices.

Business

DRB-Hicom Bhd’s Islamic bonds rating changed to negative

Malaysia Rating Corporation Bhd (MARC) has revised DRB-Hicom Bhd’s sukuk rating on its RM1.8 billion Islamic Medium Term Notes (IMTN) programme from stable to negative.

Business

Slumping KLCI, more optimistic trade across Asia

KUALA LUMPUR:The FBM KLCI closed in the red on Friday the 13th trade while key Asian bourses were largely on the green turf following news of bond sales in Spain and Italy a day ago.

Business

Stemming losses top priority, says MAS chief

KUALA LUMPUR: The top priority for Malaysia Airlines (MAS) now is to stem its huge losses and return to profitability soon, said group chief executive officer Ahmad Jauhari Yahya, while it also strives to regain its stature as a preferred premium airline with better services and newer aircraft.

Business

DRB-Hicom’s Islamic-bonds rating downgraded to negative

PETALING JAYA: Malaysia Rating Corporation Bhd (MARC) has revised DRB-Hicom Bhd’s sukuk rating on its RM1.8bil Islamic Medium Term Notes (IMTN) programme from stable to negative.