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UK hotel investor Faber joins bidding for Anbang portfolio
SHANGHAI: Richard Faber, a former lieutenant to the United Kingdom’s billionaire Barclay twins, is fronting an investor group that’s competing for a luxury hotel portfolio owned by Anbang Insurance Group Co, sources said.
Philippines plans to set up hubs for online casinos
MANILA: Online casino centres are under construction north and south of the Philippine capital to cash in on the booming gaming sector, the nation’s gaming regulator Andrea Domingo said in Manila.
Mega Sun eyes property development to raise income
GEORGE TOWN: Property management-based Mega Sun City Holdings Bhd is eyeing diversifying into property development to broaden its income base.
Up to RM200mil to modernise highways
GEORGE TOWN: PLUS Malaysia Bhd is looking at spending between RM100mil and RM200mil to modernise the highways in Malaysia.
Minister: Maju Holdings offers to take over PLUS
GEORGE TOWN: The government has received an official offer from Maju Holdings Sdn Bhd to take over PLUS Malaysia Bhd.
Citigroup ramps up Asean banking team
SINGAPORE: Citigroup Inc said it has hired about 30 bankers over the past year across its banking, capital markets and advisory teams in the 10-member Association of South-East Asian Nations (Asean), spurred by robust growth in its Asean banking business.
PLUS aims to go cashless at all its rest areas
GEORGE TOWN: PLUS Malaysia Bhd is targeting for all its rest and service areas (RSAs) in the country to go cashless by end-2020 .
Tech giants draw fire in Congress
Lawmakers suggest internet companies need more oversight to ensure competition
Steering clear of corruption to success
PETALING JAYA: It is no secret that Top Glove Corp Bhd aims to be a Fortune 500 company in the next 20 years.
How a Persian Gulf conflict could impact commodities markets
SINGAPORE: Surging oil and gas prices, skyrocketing insurance costs and attacks on energy and banking infrastructure are likely to be some of the initial impacts if the current Iranian tension erupts into outright war.
