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Business

Maxis may pay special dividend following sukuk issuance

PETALING JAYA: A special dividend could be on the cards if the working capital portion of Maxis Bhd’s RM2.45bil sukuk issuance is allocated to shareholders, said analysts.

Community

Put your putt to the test

FOUR complimentary season passes as well as an exclusive one-day VIP pass are being offered as prizes in the “Put your Putt to the Test’’ roadshow in conjunction with the Maybank Malaysian Open golf championship at the Kuala Lumpur Golf and Country Club on April 12 to 15.

Business

Maxis plans RM2.45bil Islamic debts

PETALING JAYA: Maxis Bhd is proposing to issue Islamic medium-term notes with a nominal value of up to RM2.45bil based on the sukuk musharakah principle for capital expenditure and working capital purposes.

Business

Indonesia’s withdrawal of ownership ruling to benefit M’sian banks

PETALING JAYA: The move by Indonesia to drop a controversial policy that would limit ownership of its banks is good news for Malaysian banking groups with a position there, but the market’s reaction has been muted.

Business

UEM Land set to explore new growth markets

KUALA LUMPUR: Fresh from the consolidation of its operation after the purchase of Sunrise Bhd, the enlarged UEM Land Holdings Bhd now has a complete set of skills and expertise to scour for opportunities in new growth markets, both locally and overseas.

Business

RHB upgrades banking sector on easing headwinds

KUALA LUMPUR: RHB Research Institute has upgraded the banking sector’s rating to “neutral” from “underweight” on the backdrop of easing macroeconomic headwinds and the sector’s year-to-date underperformance versus the broader market.

Business

IOI mulls relisting of arm

PETALING JAYA: IOI Corp Bhd is mulling a relisting of its property arm that would see the group unlock values in that segment and enhance the attractiveness of the parent company to investors as a more plantation-focused company, according to reliable sources.

Other Sport

Five slots open for qualifiers to play in Malaysian Open

KUALA LUMPUR: Five places will be available to local golfers for the Maybank Malaysian Open through the two-day National Qualifier at the Kuala Lumpur Golf and Country Club on March 5-6.

Business

The local factor in MRT job

BY his own admission, Gamuda Bhd group managing director Datuk Lin Yun Ling said that the group made its mark in infrastructure development.

Business

SP Setia joint offerors seek SC nod

PETALING JAYA: The joint offerors for SP Setia Bhd, namely Permodalan Nasional Bhd (PNB) and SP Setia’s president and chief executive officer Tan Sri Liew Kee Sin, have applied to the Securities Commission (SC) for a ruling in respect to the concert-party relationship of the joint offerors.