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KUALA LUMPUR: Active shareholders are more effective than stock market regulators in turning up the heat on public-listed companies (PLCs) over corporate governance issues, say experts.
THE former TM International Bhd, b>Axiata Group Bhd,/bhad an embarrassing initiation when it was re-branded in April last year.
PETALING JAYA: Market heavyweights, led by Malayan Banking Bhd (Maybank) and Axiata Group Bhd, shot up to lift the benchmark KL Composite Index (KLCI) to a new eight-month high yesterday on speculation that local corporate earnings will catch up with rising stock prices.