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Tan Sri Liew Kee Sin, the chief architect of one of Malaysia's largest listed developer SP Setia Bhd, is faced with his biggest test - possibly ever. A highly volatile environment, a global economic slowdown cranking up the pressure on property prices as well as demand and thinning margins, all of which have led to property counters suffering a beating on the local bourse.
PETALING JAYA: The boards of directors of Kencana Petroleum Bhd and SapuraCrest Petroleum Bhd are at the final stages of approving the merger between the two companies to create the largest oil and gas (OG) service provider by asset in the country, sources said.
PETALING JAYA: Government-linked investment companies (GLICs) are likely to pare down their stakes in the usual suspects such as Malaysia Airlines (MAS), Malaysia Airports Holdings Bhd (MAHB), Proton Holdings Bhd and Malaysia Building Society Bhd (MBSB).
KUALA LUMPUR: The Government has identified 33 of its companies as ready for divestment. Under the plan to rationalise the portfolio of government-linked companies (GLCs) in Malaysia, the Government will reduce its stakes in some of these companies, list a few others and sell the rest.
RESIDENTS in several townships near Seremban need not worry about noise pollution following the government's decision to relocate the Sungai Besi Air Force base to Bandar Sri Sendayan because the new facility will only house a helicopter squadron.
PETALING JAYA: Investors can look forward to two large initial public offerings (IPOs) coming on board the Main Market of Bursa Malaysia in the second half of this year.
PETALING JAYA: The Retirement Fund Inc or KWAP, a statutory body set up to assist the government in funding its pension liability, has bought its first property overseas in Melbourne, Australia, for A$113mil.