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Wan Kamaruzaman to leave KWAP: Media report

KUALA LUMPUR: Retirement Fund Inc (KWAP) chief executive officer Datuk Wan Kamaruzaman Wan Ahmad has been reported to be stepping soon, according to a news report.

Bigger gaming turf for Vincent Tan

Come Monday, the founder of multi-industry conglomerate Berjaya Corp Bhd (BCorp) will launch the first phase of his Vietnam lottery business, which is held under Berjaya Gia Thinh Investment (BGTI), in Ho Chi Minh City. The next five years will see the roll-out of even more lottery game terminals nationwide in Vietnam.

MIDF initiates coverage on Deleum with buy call

KUALA LUMPUR: MIDF Research has initiated coverage on Deleum Bhd with a “buy” recommendation with a target price of RM1.36 per share.

Kim Hin’s Shanghai production boost

KUCHING: Ceramic tile manufacturer Kim Hin Industry Bhd will invest RM10mil in a new production line in its plant in Shanghai to raise output capacity.

Company gets second compensation for damages from fire

KUCHING: Press Metal Bhd has received another compensation of RM50mil from its insurer in relation to last year’s fire which caused damages to its aluminium smelter in Samalaju Industrial Park, Bintulu.

Ben and his quantum leap move

THE move to acquire the majority of Berjaya Corp Bhd’s (BCorp) stake in car distributor Berjaya Auto Bhd (BAuto) by the latter’s management, led by Datuk Seri Ben Yeoh (caricature), is seen by many as somewhat of a “quantum leap” for the Mazda head honcho.

Strong earnings growth for Kimlun

KUALA LUMPUR: Johor-based construction company Kimlun Corporation Bhd reported a strong set of earnings for the financial year ended Dec 31, 2015 and also for the final quarter, boosted by higher gross profit margin of the manufacturing and trading divisions.

Axiata to hold decisive EGM on RM5.67b purchase of Ncell

KUALA LUMPUR: Axiata Group Bhd is set to hold its decisive EGM on Wednesday afternoon where shareholders will decide if the telco gets to acquire an 80% stake in Nepal’s number one mobile operator, Ncell Pte Ltd for US$1.365bil (RM5.67bil).

Axiata Group buys 80% stake in Nepal mobile operator Ncell for RM5.9b (Update)

KUALA LUMPUR: Axiata Group Bhd is expanding into the Nepal market by buying an 80% stake in the number one mobile operator, Ncell Pte Ltd for US$1.365bil (RM5.907bil).

Breakfast briefing: Tuesday, June 30

Breakfast briefing: Tuesday, June 30