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Calpers CEO's education to get scrutiny from some board members
LOS ANGELES: Marcie Frost was hired as chief executive officer of the California Public Employees’ Retirement System more than two years ago without a college degree, though the largest US pension fund said she was pursuing one.
PKT aims for RM1bil revenue by 2020
BATU KAWAN: PKT Logistics Group Sdn Bhd, which aims to be listed in 2019, is targeting a RM1bil revenue by 2020.
edotco named Telecoms Tower Company of the Year
KUALA LUMPUR: Integrated telecommunications infrastructure services company edotco Group has been presented the “Asia Pacific Telecoms Tower Company of the Year Award” for 2018 by Frost & Sullivan.
i2M, Mah Sing ink strategic partnership on accommodation in Iskandar Puteri
ISKANDAR PUTERI: i2M Ventures Sdn Bhd (i2M), a wholly-owned subsidiary of Khazanah Nasional Bhd, has signed a strategic partnership with Mah Sing Group Bhd to provide accommodation to companies operating in Medini Iskandar, Johor.
Pentamaster locks in RM314mil worth of orders
GEORGE TOWN: Pentamaster has locked in RM314mil worth of test-equipment orders to be delivered from now until early 2019 to different market segments.
Big changes seen for local auto sector after Pakatan pledges
PETALING JAYA: Pakatan Harapan’s pledges following its recent election victory could lead to significant changes to the competitive dynamics of the local automotive industry.
Alibaba doubles Lazada, which operates in Malaysia, investment to US$4bil in regional expansio
BEIJING/SINGAPORE: Alibaba Group Holding Ltd said it will invest an extra US$2 billion in Southeast Asian e-commerce firm Lazada Group, which operates in Malaysia, and tapped a top executive to run the business, as it takes on rivals such as tech titan Amazon in an aggressive expansion in the region.
Harvard’s nutty idea: Cracking into the almond market
IN the Australian state of New South Wales, Harvard University is developing around 1,480 acres of former potato fields and other farmland, building a new dam and planting trees that will take about three years to bear their first edible crops.
GFM eyes long-term earnings
PETALING JAYA: Integrated facilities management (IFM) firm GFM Services Bhd, which has proposed to acquire concession holder KP Mukah Development Sdn Bhd (KPMD) for RM130mil, is optimistic that the move will help boost the company’s earnings over the long term.
Sanofi digs deep to buy US haemophilia group Bioverativ for US$11.6bil
PARIS: French healthcare group Sanofi has agreed to buy US haemophilia specialist Bioverativ for US$11.6bil, its biggest deal for seven years, which it said would strengthen its presence in treatments for rare diseases.
