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PETALING JAYA: Scomi Engineering Bhd (SEB) is expected to bid for two more monorail projects in Brazil with a combined contract value of between US$2.5bil (RM7.7bil) and US$3bil (RM9.2bil) in the first half of next year, according to a source familiar with the matter.
KUALA LUPUR: RHB Research has initiated coverage on Instacom with a Buy recommendation and fair value of 51 sen.
KUALA LUMPUR: RHB Research has initiated its coverage on Instacom with Buy recommendation, with a fair value of 51 sen
KPJ Healthcare Bhd has entered into a joint-venture agreement with UTM Holdings to develop and operate a private hospital on a piece of leasehold land in Kulaijaya, Johor. KPJ will hold 60% of the joint venture (JV) equity, while UTM Holdings will hold the remaining 40%.
MUMBAI: The Indian infrastructure finance and construction firm that has rocked the nation’s credit markets with rare defaults had some of its credit ratings cut as low as they can go, as more debt deadlines loom.
MUMBAI: North Eastern Electric Power Corp, an Indian state-run power generator, planned to raise 3 billion rupees (US$41.3mil) selling bonds. It couldn’t manage 5% of that amount, prompting it to scrap the sale on Monday.
MUMBAI: For Asia equity investors in search of volatility, there’s no need to buy US pot stocks. India has its own wild ride.