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KUDAT (Bernama): The flying doctor service will be reintroduced in the state, as it is found that there is a need for such a service for residents in the rural areas.
Business news in brief.
AFTER several months of uncertainty, the government’s plan to acquire Gamuda Bhd and Lingkaran Trans Kota Holdings Bhd (Litrak) toll highways finally got the nod from the Cabinet - removing a big hurdle.
KUALA LUMPUR: Investors will maintain a cautious outlook on the toll road sector, due to a lack of details and uncertainties concerning the takeover plans for Gamuda Bhd and PLUS Malaysia Bhd highways, says Franklin Templeton GSC Asset Management Sdn Bhd.
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PETALING JAYA: Gamuda Bhd is seen as getting a fair deal with regard to the disposal of its tolled highways but going forward it will have to search for new businesses with recurring incomes to fill the vacuum.
Masayoshi Son could be on track for the biggest triumph of his career. Or the biggest failure. His decision to jump in and save a drowning unicorn, WeWork, goes against the precepts of the SoftBank Vision Fund that he founded, and could cause reputational damage worth more than the billions of dollars in this one deal.
KUALA LUMPUR: UOB Kay Hian Malaysia Research is retaining its Hold call for Gamuda Bhd and a target price of RM3.65 after its foray into Australia and the government's go-ahead to take over its tolled roads.
SINGAPORE: As global bourses come to terms with the failure of the latest mega-merger, Singapore Exchange Ltd. is sticking to its incremental approach.
KUALA LUMPUR: The acquisition of any tolled highways must keep to the promises of the government to the people, says Finance Minister Lim Guan Eng.