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THE acronym PEP often refers to Politically Exposed Person and those in the financial market or those in compliance or risk management would know that when dealing with a PEP, extra precautions are needed before entering into any form of transactions or dealings. A PEP has a higher risk factor when it comes to corruption or bribery. However, this week’s column is not about PEP in that sense, but in a different form.
Country set to gain from US$6bil line to be operational in late-2021
KUALA LUMPUR: Bina Puri Holdings Bhd’s joint-venture (JV) company has won a RM1.036bil bid for part of a high-speed railway project in Thailand.
KUALA LUMPUR: Bina Puri Holdings Bhd's joint-venture company has won a RM1.03bil bid for part of the high-speed railway project to connect Bangkok to Nakhon Ratchasima.
CONSTRUCTION companies are having a tight cash flow situation with the dearth of projects and tight margins. The situation is even worse for construction companies like Vertice Bhd that has the bulk of its projects in Penang.
The dollar started the week and the final quarter of 2020 on softer footing
BRUSSELS: British and EU trade negotiators have failed to close the gap on state aid, a key element barring their new agreement on post-Brexit trade ties, officials and diplomatic sources with the bloc said as 27 national leaders gathered in Brussels.
LONDON: The UK and European Union are starting a key week of Brexit talks, with the bloc stiffening its demands over how any trade deal will be enforced after losing trust in Boris Johnson because of his attempt to rewrite last year’s divorce agreement.
KUALA LUMPUR: The positive expectations in the Leading Index (LI) will lead to improved investor sentiment, boosting consumer and business spending, according to economists.
KUALA LUMPUR: Alliance DBS Research expects the government to increase infrastructure spending in the Budget 2021 proposals in November and this move will benefit Gamuda, IJM Corp and Sunway Construction.