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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?
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.
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.
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.
KUCHING: The liberalisation of sugar supply policy, via the issuance of sugar import licences, will also be implemented in Sabah soon.
From MOHIDEEN ABDUL KADER, Acting President, Consumers Association of Penang.
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’.
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.
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.
Shareholders, especially institutional ones, are beginning to flex their muscles on the remuneration of boards of directors – something quite rare in corporate Malaysia previously.