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KUALA LUMPUR: Prominent economist Professor Dr Jomo Kwame Sundaram has urged the government to subsidise public transport, saying it would help the masses who depend on it, instead of giving fuel subsidies.
KUALA LUMPUR: M+S Pte Ltd, the Singapore-based developer in which Khazanah Nasional Bhd has a 60% stake, has agreed to sell a five-star hotel for S$475mil, a record price for a standalone hotel in the island republic.
SINGAPORE: M+S Pte Ltd has agreed to the sale of all the shares of its wholly owned subsidiary, Ophir-Rochor Hotel Pte Ltd (ORH), to Hoi Hup Realty Pte Ltd for a sale consideration of S$475mil (RM1.4bil), or S$1.39mil per key.
KUALA LUMPUR: The oil palm plantation industry should pay attention to the criticisms leveraged against it, including land grabbing, environmental disruption and abuse of labour, says economist Prof Jomo Kwame Sundaram.
I JUST had one of my best Sundays in a long time. This was my revisit to the Taman Tugu Forest Park in Kuala Lumpur.
KUALA LUMPUR: The ongoing transactions undertaken by Khazanah Nasional Bhd are in the ordinary course of its business which involves realising investments and then redeploying capital for new investments, said managing director Datuk Shahril Ridza Ridzuan.
KUALA LUMPUR: The ongoing transactions undertaken by Khazanah Nasional Bhd are in the ordinary course of its business which involves realising investments and then redeploying capital for new investments, said managing director Datuk Shahril Ridza Ridzuan.Proceeds from the divestments are used to pay off Khazanah’s maturing debt and fund new investments, he said.
KUALA LUMPUR: Widad Business Group (WBG), has offered to buy the PLUS Expressways Bhd concessionaires by taking over 51% of Khazanah Nasional Bhd’s shares for RM1.5bil in cash consideration, or 100% of Khazanah and Employees Provident Fund’s (EPF) shares for RM3bil in cash consideration.
The private sector must join the government in its effort to correct the imbalance of income levels in the country, said a think tank institute.
KUALA LUMPUR: Axiata Group Bhd. will refrain from undertaking mergers and acquisitions in the near term as Malaysia’s biggest wireless carrier looks to improve its operations, people with knowledge of the matter said.