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Business

Banking on China’s thirst for water

WATER and power generation company Ranhill Holdings Bhd is banking on China’s increasing standards for water and wastewater treatment to grow its business.

Business

TNB records highest electricity demand at 17,175MW

KUALA LUMPUR: The hot and dry spell in the past few days have pushed electricity consumption to its highest in peninsular Malaysia, with Tenaga Nasional Berhad (TNB) recording an all time high peak demand of 17,175MW on March 9.

Business

Market blues

PETALING JAYA: The listing of Ranhill Holdings Bhd is finally coming to fruition at a time when capital markets are soft, causing it to be significantly undersubscribed by retail investors, which is a rare occurrence among initial public offerings (IPOs) in Malaysia.

Business

Ranhill Holdings final price fixed at RM1.20

KUALA LUMPUR: Ranhill Holdings Bhd’s final price has been fixed at RM1.20, which is 50 sen below the initial retail price of RM1.70 following the lukewarm response to its listing exercise

Business

Short position

MANY have lauded the Government’s measures to recalibrate Budget 2016, mainly done in view of the ongoing slump in oil prices as well as the overall condition of the global economy.

Business

Ranhill delays listing to March as funds need more time

KUALA LUMPUR: Ranhill Holdings Bhd has delayed its proposed listing on the Main Market of Bursa Malaysia from Feb 18 to March 16, citing that institutional investors wanted more time to deliberate.

Business

RM638mil Ranhill IPO

Company eyes mid-February listing, shares priced at RM1.70

Business

'Buy' call on Axiata maintained, Malakoff 'outperform'

IT was reported that Axiata Group’s 66.5%-owned PT XL Axiata (XL) was considering to raise up to US$500mil (RM2.2bil) next year via a rights issue.

Nation

1MDB: Any power tariff hike has no links to Edra sale

KUALA LUMPUR: Any increase in electricity tariff has no links with the sale of 1Malaysia Development Berhad’s (1MDB) entire power assets under Edra Global Energy Bhd to China Nuclear Power Corporation (CGN).

Business

Malakoff CEO resigns 'to pursue other career opportunities'

PETALING JAYA: Malakoff Corp Bhd has announced the resignation of its chief executive officer (CEO) Datuk Seri Syed Faisal Albar Syed AR Albar effective Dec 31.