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Ironical twist of fate for Maybank in Indonesia

THE latest development in the Indonesian banking scene has turned out to be an ironical twist of fate for Maybank, which used to be branded as the latecomer that bought too much and at too high a price.

Banking consolidation third round?

THE banking landscape, which has gone through considerable reform and consolidation, is set for exciting changes - again. This time, it will be driven by bigger players that aim, through a market-driven process, to gain further strength and traction as competition intensifies.

UK defends military review as criticism mounts

LONDON (Reuters) - Britain will build both of its planned aircraft carriers and keep a

Despite new S'pore billionaire investor, loss seen for TMC

PETALING JAYA: The emergence of Singapore billionaire Peter Lim Eng Hock as the second biggest shareholder in TMC Life Sciences Bhd is unlikely to spur any change in fortunes any time soon in the loss-making fertility firm, according to analyst reports.

Genting’s ‘racino’ proposal faces uncertainty

PETALING JAYA: The delay in the proposed development and operation of a video lottery facility at New York City's Aqueduct Racetrack does not bode well for Genting Malaysia Bhd which is now the sole surviving contender for the project, according to analysts.

A sell advise on billionaire Buffett's Berkshire Hathaway shares

OMAHA, Nebraska: An analyst advised investors Thursday to sell shares of Warren Buffett's Berkshire Hathaway Inc. because the U.S. economy may weaken over the rest of the year and hurt demand for its businesses that rely on consumer spending.

Genting’s chance to win NY lottery bid ‘decent’

PETALING JAYA: The outcome of Genting Malaysia Bhd's bid to develop and operate a video lottery facility at New York City's Aqueduct Racetrack is likely to be announced on Aug 3 and analysts say its chances of winning are 'decent'.

A ‘sweetheart’ deal

WE refer to your article i>Is Berjaya paying too much for Ascot stake?/i(i>StarBiz/i>, May 17, 2010). Please allow us to provide some clarification.

Is Berjaya paying too much for Ascot stake?

PETALING JAYA: Is Berjaya Corp Bhd getting value for its money for the 70% stake it has proposed to acquire in Ascot Sports Sdn Bhd?

The dangers of offers conditional on due diligence

THE anti-climax that hit investors in KNM Group Bhd after the attempted takeover fell through raises some issues.