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Business

TM to buy up to 30% stake in M1

TELEKOM Malaysia Bhd (TM) sprang a surprise yesterday when it announced plans to buy up to 30% stake in Singapore's MobileOne Ltd (M1) in a partnership with Khazanah Nasional Bhd - a move that sees TM entering a saturated market in contrast with its aspirations to invest in high growth low penetration markets nearer home.

Business

MAHB shares slip 9 sen on haze concerns

Malaysia Airports Holdings Bhd (MAHB) share price slipped 9 sen or 4% yesterday from a three-year high to RM2.08 on concerns that the haze, which has engulfed many parts of the country, may worsen and disrupt arrivals at local airports.

Business

Banks widening fee-based products

Banks are widening the range of their fee-based products and expanding to other regional markets to mitigate the impact of stiff competition in the lending market, analysts said.

Business

Abu Hassan appointed to StanChart board

Datuk Abu Hassan Kendut has been appointed to the board of Standard Chartered Bank Malaysia Bhd.

Business

Khazanah and unit buy into India’s Apollo Hospitals

KHAZANAH Nasional Bhd and its wholly-owned subsidiary Bisikan Bayu Investments (Mauritius) Ltd have purchased a 13.2% stake in Apollo Hospitals Enterprise Ltd, the largest private hospital group in India, for about RM165mil cash.

Business

Proton in ‘active’ talks with VW

PROTON Holdings Bhd said in a brief reply to a query from Bursa Malaysia that 'active discussion (with Volkswagen) is on-going covering several areas of collaboration.'

Business

Stockwatch

Hanim Adnan writes on Matsushita, Proton, Gamuda, Malakoff and Tanjong.

Nation

Khazanah to invest in agro industry

Khazanah Holdings Berhad will invest in the agro-based industry to help create small- and medium-sized enterprises, Prime Minister Datuk Seri Abdullah Ahmad Badawi said.

Business

Corporate chiefs upbeat on GLC plan

Corporate chiefs interviewed by StarBiz' BY YAP LENG KUEN and B.K. SIDHU were upbeat on the future of GLCs following the master plan for the GLCs unveiled by the Prime Minister on Friday. Excerpts:

Nation

Khazanah to go into agro business

Khazanah Holdings Berhad will invest in the agro-based industry to help create small and medium sized enterprises, Prime Minister Datuk Seri Abdullah Ahmad Badawi said.