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KUALA LUMPUR: Bina Puri Holdings Bhd is exploring various fundraising possibilities including the private placement to meet its interim funding for ongoing construction and property development projects.
SHANGHAI: Alibaba Group Holding Ltd co-founder Jack Ma has cut his stake in the company over the past year to 4.8% from 6.2%, cashing out around $8.2 billion at its current share price, the firm's annual filing released on Friday showed.
KUALA LUMPUR: GHL Systems Bhd’s unit in the Philippines has received the approval from the authorities there to start its lending operations.
KUALA LUMPUR: Banks in Singapore, Malaysia and the Philippines have the best asset quality with non-performing loans (NPLs) below 2% despite the challenging economic and credit conditions stemming from the Covid-19.
KUALA LUMPUR: Hextar Rubber Sdn Bhd and Datuk Ong Choo Meng, who offered RM1.80 per share in their takeover of Rubberex Corp (M) Bhd, explained that there was concern about the rapid increase in the shares of the glove maker.
DOZENS of millionaires from the U.S. and six other countries have a message for their governments: "Tax us. Tax us. Tax us.”
KUALA LUMPUR: Foreign selling of local equities on Bursa Malaysia slowed down last week to RM270mil against RM339.4mil in the preceding week, according to MIDF Research.
KUALA LUMPUR: The ringgit recovered at Monday opening following a glimmer of hope for the oil market as this week’s Organisation of the Petroleum Exporting Countries (OPEC) meeting could put in motion efforts to scale back the massive output cut agreement, a dealer said.
KUALA LUMPUR: Retail Group Malaysia expects the retail industry sales to shrink by 8.7% this year which is worse than April’s forecast of a 5.5% decline as the sector was badly impacted by the earlier measures to curb the spread of the Covid-19 pandemic.