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HONG KONG/SINGAPORE: Malaysia is likely to review a directive to foreign insurers to reduce ownership of their local units by nearly a third as finding domestic buyers for the equity stakes is proving hard, three people familiar with the matter said.
KUALA LUMPUR: MyHSR Corp Sdn Bhd plans to appoint a technical advisory consultant (TAC) to review the technical aspects of the Kuala Lumpur-Singapore High Speed Rail (HSR) project’s cost reduction options.
NEW YORK: JPMorgan Chase & Co is dismissing hundreds of workers in its asset and wealth-management division after a periodic review of staffing, according to a person briefed on the matter.
PETALING JAYA: Many renewable energy (RE) contracts may be up for review after the Energy, Green Technology, Science and Climate Change Ministry decided to cancel four independent power producer (IPP) contracts that had been awarded under the previous administration.
TOKYO: Japanese Prime Minister Shinzo Abe has told the health minister to accelerate an asset allocation review by the Government Pension Investment Fund (GPIF), the world's biggest pension system, and complete it by this autumn instead of by next March, sources familiar with the situation said.
KUALA LUMPUR: Tun Dr Mahathir Mohamad says the government will undertake a mid-year budget review where the criteria for off-budget allocation should be scrutinised.
KUALA LUMPUR: Malaysian Airline System Bhd (MAS) is undertaking a thorough review of its business plan and all avenues are being explored to ensure the national carrier's long-term sustainability.
PETALING JAYA: Malaysia Steel Works (KL) Bhd (Masteel) has engaged special auditor UHY Advisory (KL) Sdn Bhd to conduct an independent and comprehensive review on the company’s financial statements for the year ending Dec 31, 2014.
PETALING JAYA: The judicial review filed by a company linked to billionaire Tan Sri Syed Mokhtar Al-Bukhary against the Sabah state government and chief minister Datuk Seri Mohd Shafie Apdal has been fixed for hearing on Aug 23 in the Kota Kinabalu High Court.
PETALING JAYA: AirAsia Bhd and AirAsia X Bhd have filed a judicial review challenging the Malaysian Aviation Commission (Mavcom) for declining to decide its disputes with Malaysia Airport (Sepang) Sdn Bhd (MASSB) pertaining to the passenger service charge (PSC) and poor level of service at KLIA2.