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DAGANG Net Technologies Sdn Bhd (DNT), which operates the national e-commerce trade and business exchange, will now look beyond ports to focus on logistics and manufacturing projects.
Malaysia, Singapore and Taiwan are pioneering cross-border electronic trade facilitation - the first to do so globally - and in the process have drawn interest from not only developing countries, but also from western Europe.
AirAsia Group is strengthening its presence in the Philippines in a strategic alliance with Philippines budget carrier Zest Airways.
PETALING JAYA: Philippines’ AirAsia Inc (PAA) has forged a share-swap deal with Filipino businessman Alfredo Yao, a major shareholder of Zest Airways Inc and Asiawide Airways Inc, to tap each other’s domestic and international network strength.
AIRASIA BHD; SAPURAKENCANA PETROLEUM BHD
NEW YORK: Plains All American Pipeline LP affiliate Plains Gp Holdings LP filed with U.S. regulators to raise up to $1 billion in an initial public offering of Class A shares.
NEW YORK: A data breach at Target Corp that exposed the credit card information of tens of millions of holiday shoppers was a major black eye for the retailer. In its wake, investors and analysts are circling companies that could benefit from a major upgrade in credit card technology.
PETALING JAYA: AirAsia Bhd has reported a two-percentage-point improvement in load factor to 78% in the third quarter ended Sept 30 despite it being a low-season period for the industry, due to cutting the number of available seats.
AMRESEARCH has maintained a ‘buy” call on DRB-Hicom with a target price of RM3.60 based on a 15% discount to its sum-of-parts value of RM 4.25 per share. According to AmResearch, KL Airport Services Sdn Bhd (KLAS), a subsidiary of DRB-Hicom is acquiring Gading Sari, air freight operator for RM72mil cash.
KUALA LUMPUR: CIMB Research has maintained an “add” call on AirAsia Bhd with target price based on calender year 2017 price-earnings (P/E) ratio of six times as the ingredients are in place for a re-rating of AirAsia.