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Business 27 Feb 2009 | 12:00 AM

TMI proposes to raise RM5.25bil via rights issue

TM International Bhd (TMI), which posted a net loss of RM515.2mil for the fourth quarter ended Dec 31 against a net profit of RM519.9mil a year earlier, has proposed to raise RM5.25bil in a rights issue to pay its debts.

Business 25 Mar 2009 | 12:00 AM

TMI sets rights issue price at RM1.12 apiece

TM International Bhd (TMI), which has received shareholders' approval on its proposal to raise RM5.25bil via a rights issue to pare down debts, has fixed the price at RM1.12 per share.

Business 01 Apr 2009 | 12:00 AM

Axiata repays part of debt to TM

Axiata Group Bhd, which is launching its new name, logo and brand identity on Thursday, has paid half of the RM4 billion it owes sister company Telekom Malaysia Bhd.

Business 02 Apr 2009 | 12:00 AM

Positive US economic indicators lift Asian indices

Asian markets were up in early trade Thursday after more positive economic indicators helped lift Wall Street to a positive close yesterday.

Business 02 Apr 2009 | 12:00 AM

TMI repays RM2bil to TM ahead of schedule

Axiata Group Bhd (formerly known as TM International Bhd) has paid RM2bil of the amount owed to Telekom Malaysia Bhd (TM), ahead of schedule.

Business 02 Apr 2009 | 12:00 AM

KLCI closes above 900 points

The KLCI ended Thursday trade at a six-week high with BCHB the top gainer.European markets were up in early trade buoyed by better-than-expected economic news from the US and Asian markets' strong performance today.

Business 02 Apr 2009 | 12:00 AM

RM700mil capex Celcom to upgrade infrastructure

Celcom (M) Bhd, a wholly-owned unit of Axiata Group Bhd (formerly TM International), will spend RM700mil in capital expenditure this year of which RM300mil will be for upgrading its wireless broadband infrastructure.

Business 03 Apr 2009 | 12:00 AM

KLCI was down in morning trade

The KLCI was down in morning trade Friday due to profit taking activities on Maybank, Genting and Axiata (previously know as TM International) in the past few days.

Business 03 Apr 2009 | 12:00 AM

TMI unveils new name but limits itself to Asia

TM International Bhd, which has launched new name Axiata Group Bhd with a tagline i>Advancing Asia, /i>ironically announced that it is limiting its expansion within Asia.

Business 04 Apr 2009 | 12:00 AM

Axiata banks on catalysts

Axiata Group Bhd, formerly known as TM International Bhd, will see growth in 2009 driven by its operations in Indonesia and India, while a steady Celcom (M) Bhd will provide the bedrock for strong cashflow.