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What will happen to PLUS?

IN the developing highway saga, the billion-dollar question is what will happen to PLUS – also known as the North-South Expressway (NSE) – in light of the government’s attempt to abolish toll roads?

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DNeX entering new phase

Dagang NeXchange Bhd (DNeX), a company which has aggressively grown multiple businesses – 23 at last count – but whose latest quarterly results showed a slowdown in earnings, is slated for some interesting changes.

Chow: Operation issue an obstacle to PFI for airports

GEORGE TOWN: The government has to resolve the issue of equity and operation of airports throughout the country if it wants to implement a private finance ini­tiative (PFI) for funding airport projects, said Penang Chief Minister Chow Kon Yeow.

High Court to hear Rosmah’s RM5mil graft case

KUALA LUMPUR: Datin Seri Rosmah Mansor’s graft case rela­ting to a RM5mil bribe over a solar hybrid system will be heard at the High Court.

Sabah food industry to be eligible for sugar import permits

KUCHING: The liberalisation of sugar supply policy, via the issuance of sugar import licences, will also be implemented in Sabah soon.

Boost for shareholder activism

From MOHIDEEN ABDUL KADER, Acting President, Consumers Association of Penang.

Is it a fair deal?

THE proposed highway buyout deal of the four highways owned by Gamuda Bhd may have its merits, but some questions remain unanswered. One question is whether the government is overpaying for the assets. Then, there is the worry that the government will end up having to fork out more money than the RM6.2bil price tag in the future to ensure the said highways remain ‘de-tolled’.

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Affin to unlock value via AHAM listing

Affin Bank Bhd is looking to list its 70%-owned subsidiary, Affin Hwang Asset Management (AHAM), as a way to unlock value in one of its most profitable subsidiaries.

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Focus on directors’ fees

Corporates on Bursa Malaysia have seen a cut in director’s remuneration but the decision by shareholders of FGV Holdings Bhd to reject resolutions approving the payment of fees to the company’s directors is seen as unprecedented.

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Institutional shareholders flex their muscles

Shareholders, especially institutional ones, are beginning to flex their muscles on the remuneration of boards of directors – something quite rare in corporate Malaysia previously.