Dialog’s businesses seen largely cushioned from volatile crude prices

We reiterate our “buy” recommendation on Dialog Group Bhd with a raised sum-of-parts (SOP)-based fair value of RM4.28 per share, from RM4.10 previously, which implies a financial year 2021... Read more »

Virus shatters China’s dream of overtaking Hollywood in 2020

Workers wearing protective gears spray disinfectant as a precaution against coronavirus at a theater in Seoul. BEIJING: China is no longer on track to dethrone the US as the world’s... Read more »

Indonesia’s reserves jump to near record on bond sales

JAKARTA: Indonesia’s foreign reserves surged to near a record after the government raised about US$3 billion last month from the sale of global bonds, according to a person with knowledge... Read more »

Tesco asks Thai tycoons for next-round bids for Malaysia, Thailand units

BANGKOK: Britain’s largest supermarket chain Tesco Plc is inviting Thai tycoons to the second round of bidding for its operations in Thailand and Malaysia that could fetch more than... Read more »

THAT CONSORTIUM IDEA FOR 5G? ‘WE JUST HAVE TO MAKE IT WORK’ SAY TELCO CEOS

Telco CEO’s at the panel session in Langkawi on Jan 20. (L to R): Idham Nawawi from Celcom Axiata, Albern Murty of Digi Telecommunications, Suresh Sidhu of edotco, Gokhan... Read more »

Selling unutilised vessels seen as a way for Bumi Armada to pay debt

On Jan 24, 2020, the Supreme Court of Western Australia ruled in favour of Woodside Energy Julimar Pty Ltd (WEJ), dismissing Bumi Armada Bhd’s claim. Bumi Armada said it... Read more »

HSS seen as early beneficiary of infrastructure spending

HSS Engineers Bhd expanded its order book to about RM587 million as at end-2019 from RM546 million as at end-September 2019. It secured new contracts worth RM210 million in... Read more »

Amazon shares surge on strong earnings update

Amazon shares shot higher Thursday after the internet colossus released quarterly earnings figures for the holiday quarter that trounced market expectations. Profit in the final three months of last year rose... Read more »

Telenor’s right to reconnect in Malaysia: Clara Ferreira Marques

Telenor ASA and Axiata Group Bhd are back at the negotiating table. Joining forces in South and Southeast Asia still makes sense for both carriers. Options including a mooted... Read more »

Malaysia sets February export tax for crude palm oil at 6%

Malaysia has raised its export tax for crude palm oil to 6% for February, the Malaysian Palm Oil Board said on Friday, citing the national customs department. The world’s... Read more »