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Plantations 20 Mar 2019 | 12:00 AM

PLS gets nod to go into durian business

PETALING JAYA: PLS Plantations Bhd has received the green light from its shareholders to diversify into durian plantation business.

Corporate News 20 Mar 2019 | 12:00 AM

JAG in MoU for bauxite mining

PETALING JAYA: JAG Bhd has entered into a memorandum of understanding (MoU) with Empire Mining Sdn Bhd to look into a possibility of setting up a joint venture.

Business 20 Mar 2019 | 12:00 AM

Uzma wins PTTEP contract

PETALING JAYA: Oil and gas company Uzma Bhd’s wholly owned subsidiary, MMSVS Group Holdings Co Ltd, has been awarded a contract for the provision of onshore hydraulic workover services (340K) for PTTEP International Ltd, PTTEP Siam Ltd and PTTEP Sp Ltd.

Investment 20 Mar 2019 | 12:00 AM

AmInvestment starts coverage on QES, fair value at 34 sen

KUALA LUMPUR: AmInvestment Research has initiated coverage on QES Group (QES) with a “buy” recommendation and a fair value of 34 sen a share based on FY19F PE of 15 times, representing a 42% upside.

Construction 20 Mar 2019 | 12:00 AM

MRCB stepping up game in construction industry with MBS

KUALA LUMPUR: Malaysian Resources Corporation Bhd (MRCB) is stepping up the game in the construction industry by eyeing to introduce the country’s first volumetric building system by year end.

Business 20 Mar 2019 | 12:00 AM

MAS retirees: Let us help revive national carrier

PETALING JAYA: The Malaysia Airlines Retirees Association (Masra) has made an emotional appeal to the government, urging it not to shut down the national carrier.

Investment 20 Mar 2019 | 12:00 AM

Mindtree says US$480mil hostile bid a ‘grave threat’

MUMBAI: Mindtree Ltd’s top executives forcefully objected to a proposed takeover bid from Larsen & Toubro Ltd, calling it a “grave threat” to the Indian software developer’s future.

Technology 20 Mar 2019 | 12:00 AM

Xiaomi gets no lift from giant rally

HONG KONG: If the rising tide of investor optimism in China (and tech shares) is supposed to lift all equity boats, then at the moment Xiaomi Corp appears to be adrift.

Corporate News 20 Mar 2019 | 12:00 AM

Mukesh Ambani bails brother out of jail trouble

NEW DELHI: Asia’s richest man Mukesh Ambani has helped his younger brother avert a stint in jail, stepping in to make a US$80mil payment for his sibling whose telecom-to-infrastructure empire is struggling with debt.

Banking 20 Mar 2019 | 12:00 AM

Deutsche plans to give up office space in HK’s tallest skyscraper

HONG KONG: Deutsche Bank AG, the struggling German lender that’s in talks about a merger with Commerzbank AG, is weighing giving up as many as three of the 10 floors it occupies in Hong Kong’s tallest skyscraper, people with knowledge of the matter said.