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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.
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.
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.
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.
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.
PORT KLANG: The Port Klang Free Zone (PKFZ) is taking large strides and has made great progress in 2017.
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.