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SPECIAL purpose acquisition companies or SPACs are all the rage in the United States stock markets. While these cash shells have existed for decades on public markets there, a revival seems to be taking place.
KUALA LUMPUR: Telekom Malaysia Bhd (TM) will support MyDigital - Digital Economy Blueprint as well as other government’s digital and stimulus plans towards accelerating the socio-economic recovery at this most critical time.
PETALING JAYA: TM ONE, the business and public sector solutions arm of Telekom Malaysia Bhd (TM) and its wholly-owned subsidiary company, PT VADS Indonesia, recently inked an agreement with Korean company FNS Value Co Ltd (FNSV).
KUALA LUMPUR: Shares in Telekom Malaysia Bhd (TM) rose in early trade Tuesday on expectations of a special dividend for the fourth quarter ended Dec 31, 2020 (4Q20).
KUALA LUMPUR: Telekom Malaysia Bhd (TM) could announce a special dividend in the fourth quarter ended Dec 31,2020 supported by its robust free cash flow of 39.4 sen, according to CGS-CIMB Research.
AFTER incurring three consecutive years of net losses, Boustead Holdings Bhd, which is majority owned by the Armed Forces Fund Board (LTAT), still continues to find itself in turbulent waters.
The three major cable cuts, including one case of vandalism, were fixed, restoring service for TM customers in the Northern states.
KUALA LUMPUR: Risks in 2021 are skewed to the downside with the persistently rising Covid-19 cases and a new round of movement control order (MCO) but this does not derail Malaysia’s growth outlook this year.
KUALA LUMPUR: Lembaga Tabung Angkatan Tentera (LTAT), the controlling shareholder of Boustead Holdings Bhd, has dropped its plan to delist the company, citing Covid-19 challenges.