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KUALA LUMPUR: Blue chips rallied in late trade on Monday, underpinned by gains in Petronas stocks and telcos, while the ringgit was up nearly half a percent against the US dollar and crude palm oil (CPO) futures were at an eight-year high.
AXIATA Group Bhd, the blue-chip regional telecommunications giant, has seen its market capitalisation shrink from RM40bil last year to RM29.34bil currently.
TAN SRI Jamaludin Ibrahim’s four decades in the telecoms world has firmly entrenched him as an icon of the industry. Before joining Axiata Group Bhd in 2008, he was the chief at Maxis Bhd for 10 years. Now, after 12 years helming Axiata, he is ready to retire and to him, the journey has been one big “roller-coaster ride.’’
PETALING JAYA: Following a plunge in normalised earnings for the second quarter by 79% year-on-year to RM45mil, Axiata Group Bhd’s upcoming third quarter results are expected to rebound to a net profit that will surpass its first quarter’s RM121mil.
Pandemic, floundering government complicate Budget 2021
KUALA LUMPUR: Censoft Holdings Bhd independent chairman Tan Sri Mohd Ibrahim Mohd Zain raised his shareholding in the financial management solutions company to 5.58%.
AS loan repayment moratoriums come to an end, the business community needs opportunity and support to survive in a challenging post-pandemic environment.
THE global economic tumult due to Covid-19 has brought into sharp focus the need for a more robust corporate restructuring and rescue framework to tackle financial distress threatening companies.
KUALA LUMPUR: Foreign selling of local equities on Bursa Malaysia from Monday to Thursday remained modest at RM86.0 million net compared with RM27.8 million for the whole of the preceding week.