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KUALA LUMPUR: Axiata Group Bhd posted a set of stellar results for the fourth quarter ended Dec 31, 2019 and also for the financial year, which was a turnaround from the losses in FY18 where there was a one-off impairment.
MUMBAI: India’s shadow banking crisis and revitalized bankruptcy process are creating new opportunities for Deutsche Bank AG as it steps up lending to cash-strapped tycoons and for purchases of distressed assets.
PETALING JAYA: Sunway Construction Group Bhd (SunCon), which has reported a higher profit before tax margin of 8.9% for the financial year of 2019 (FY19), has upped its order book target to RM2bil for 2020.
TAIPEI: Taiwan’s Foxconn on Thursday said a coronavirus outbreak will lead to lower full-year revenue and the company will “cautiously” resume output at its main factories in China that were shut because of the outbreak.
KUALA LUMPUR: Sunway Construction Group Bhd (SunCon) is aiming for RM2bil new contract win this year driven by ongoing expansion of its business overseas and a steady pipeline of in-house projects.
TAIPEI: Apple iPhone maker Foxconn said on Thursday it is cautiously restarting production at its main plants in China and warned revenue will be hurt this year by the Covid-19 coronavirus epidemic.
PETALING JAYA: The latest warning by one of the Big Three rating agencies on Asia’s weakening credit conditions has also brought Malaysia under the microscope, particularly the country’s corporate debt default risk.
SINGAPORE: Reliance Industries Ltd’s talks to sell a minority stake in its oil-to-chemical division to Saudi Aramco have been gathering pace in recent weeks, according to people familiar with the matter.
NEW DELHI: Indian sugar millers, saddled with record stockpiles, are eager to cash in on the prospect of resuming exports to Indonesia after being absent from the world’s top import market for years.
SINGAPORE: Oil jumped back above US$58 a barrel and was set for the longest run of gains in more than a year, as United States sanctions on Russia’s largest producer and conflict in Libya shifted the focus to supply threats from virus-driven demand concerns.