Business

An unexpected China default shakes confidence in LGFVs

By BLOOMBERG
SHANGHAI • A rally in bonds from China’s local government finance vehicles (LGFVs), sparked by the recent easing measures, may be at risk ...

China sovereign fund said to back deal for Yum China

By BLOOMBERG
HONG KONG • China Investment Corp (CIC) is backing a potential takeover of Yum China Holdings Inc, which runs Kentucky Fried Chicken (KFC) ...
Lazada Malaysia

Lazada remains the leader in Malaysia’s e-commerce

by FARA AISYAH / pic by MUHD AMIN NAHARUL
Lazada maintained its position as the top e-commerce player in Malaysia with an average online traffic of ...

KLK posts improved 3Q profit, TH Plantations CEO put on garden leave

By NUR HAZIQAH A MALEK / pic by HUSSEIN SHAHARUDDIN
Kuala Lumpur Kepong Bhd (KLK) registered a 20.5% year-on-year (YoY) increase in net profit to ...

Transport Ministry open to proposals on airport ops

by NG MIN SHEN / pic by MUHD AMIN NAHARUL
THE Transport Ministry is open to proposals from private parties on how to operate and pay for airport ...

Malakoff inks coal ash deal with G-Cast

PIC SOURCE: Malakoff Corp Bhd
Malakoff Corp Bhd’s subsidiary, Tanjung Bin Power Sdn Bhd, has signed a coal ash offtake agreement with G-Cast Concrete ...

Mobius warns of possible Turkey capital controls

By BLOOMBERG
SINGAPORE • There’s a “real possibility” Turkey will impose capital controls to stem the plunge in the lira, which would be bad for the ...

More Malaysians plan holidays earlier

Malaysians will normally buy and lock in all their holiday plans in March, especially when Matta holds the 1st of its series ...

Nestle’s net profit in 2Q18 climbs 2.9% to RM166m

New products and business models have set a solid base for growth in 2H18
By FARA AISYAH / Pic By MUHD AMIN NAHARUL Nestle (M) Bhd’s net profit for ...
PetChem

Petronas buys 30% stake in Rufisque block

By TMR
Petroliam Nasional Bhd (Petronas) through its subsidiary PC Senegal Ltd, recently signed a farm-in agreement with Total E&P Senegal SAS, a ...

More than 75% of MAHB airports unprofitable

By ALIFAH ZAINUDDIN / Pic By MUHD AMIN NAHARUL
Malaysia Airports Holdings Bhd (MAHB) said more than 75% of its network of 39 airports are not ...

A good time for MAHB to capitalise on Turkish airport

Disposal to a strong Turkish investor may mitigate local risks and backlash against foreign investments
By KEVIN WONG / Pic By BLOOMBERG Malaysia ...