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Ismail Bakar is tipped to be new Treasury sec-gen
PETALING JAYA: Datuk Seri Ismail Bakar is set to be appointed as the top bureaucrat at the Treasury, taking over the post left vacant following the removal of Tan Sri Mohd Irwan Serigar Abdullah last month, as the government steps up efforts to clean up the financial mess left by the previous administration.
Maybank 'hold', MMC 'hold', Allianz 'buy', MAHB 'market perform'
MALAYAN BANKING BHD: THE group reported a first quarter 2018 (Q1’18) core net profit of RM1.87bil, a 9.9% increase year-on-year (y-o-y), largely in line with our estimates with Q1’18 earnings representing 23.5% of UOB Kay Hian’s full-year estimates.
Short-term pain for Malaysian stock market as clean-up continues
KUALA LUMPUR: As the new Pakatan Harapan coalition-led federal government steps up to review the previous administration’s mega infrastructure projects, the failed 1Malaysia Development (1MDB) and other issues, the stock market is bearing the brunt.
Cutting out the wastage and layers
WITH a trillion ringgit of debt staring at us, every sen counts.
Daimler, Deutsche Telekom settle toll fiasco with Germany for US$3.8bil
BERLIN: Daimler AG and Deutsche Telekom AG agreed to a €3.2bil (US$3.8bil) deal with the German government, ending a spat over the clunky start of a system to collect truck tolls that had become one of the country’s longest running legal disputes.
Mandatory for Go-Jek and Grab to register
Indonesia wants to ensure they meet safety requirements
Iris mulls bidding for connected cars project
IRIS Corp Bhd, which has seen the entry of new shareholders, is looking at putting in a bid to join the bidding for the mandate to undertake a government road tax and insurance initiative for the launch of a connected cars project. The other company which is interested in this project is Green Packet Bhd.
Northport inks privatisation deal
PETALING JAYA: Northport (M) Bhd, a subsidiary of an MMC Group member, has signed a privatisation agreement for the operations of Northport and Southpoint in Port Klang.
Chairman: Port Klang FZ makes great progress this year
PORT KLANG: The Port Klang Free Zone (PKFZ) is taking large strides and has made great progress in 2017.
Didi targets Taiwan expansion with franchising model
BEIJING: Didi Chuxing, the ride-hailing giant that vanquished Uber Technologies Inc in China, is turning to franchising in Taiwan as it expands its business beyond the mainland.
