News

Fosun scales back Gland bid to avoid veto

HONG KONG • Shanghai Fosun Pharmaceutical Group Co scaled back its proposed purchase of control in Indian drugmaker Gland Pharma Ltd to a level that would ...

Toys ‘R’ Us seeks bankruptcy, crushed by online competition

by BLOOMBERG
Toys “R” Us Inc. filed for bankruptcy as the retailer, loaded with debt in a buyout more than a decade ago, failed to keep consumers from ...

Cagamas issues Malaysia’s 1st dual tranche sukuk

Cagamas Bhd has raised RM1 billion via a three-year medium-term sukuk issue, which was also the country’s first ever dual tranche sukuk reopening.
The ...

Jaycorp unit wins RM13m contract to build gallery

Jaycorp Bhd has been awarded a RM12.6 million contract from Fulcrum Capital Sdn Bhd to construct a one-storey Azman Hashim Gallery and an auditorium for ...
T7 Global

T7 Global’s investment hits oil in Perth Basin

By ALIFAH ZAINUDDIN
T7 Global Bhd’s Australian-listed investment, Triangle Energy (Global) Ltd, has hit oil in the coastal Xanadu-1 well located in the ...

Salcon unit bags RM13m project from Air Selangor

Salcon Bhd’s wholly owned subsidiary, Salcon Engineering Bhd, has bagged a RM13 million pipe replacement job from Pengurusan Air Selangor Sdn Bhd.
In ...
House

Najib: Govt to ensure M40, B40 groups own homes

Prime Minister Datuk Seri Mohd Najib Razak said the government always endeavoured to ensure that every Malaysian, including the less affluent groups, could ...
BioAlpha

Bioalpha targets 42% growth in earnings for FY18

By IZZAT RATNA
Bioalpha Holdings Bhd has targeted an earnings growth of 42.8% for its financial year ending 2018 (FY18), following its expansion plan ...

Malaysia strengthens trade partnership with the US

By SHAHEERA AZNAM SHAH / Pic By MUHD AMIN NAHARUL
THE recently proposed additional investments in the US by Prime Minister Datuk Seri Mohd Najib Razak ...
Taxed

Foreign-based digital firms to be taxed

By P PREM KUMAR & MARK RAO
Foreign digital service providers will soon be imposed the Goods and Services Tax (GST), as authorities are currently ...

Will Thailand’s Kra Canal actually save cost?

Shipment experts are unfazed by the possible impact from the proposed Kra Canal
By ALIFAH ZAINUDDIN The recent push for the construction of the ...

Tourism tax initial report in October

By FARA AISYAH / Pic By MUHD AMIN NAHARUL
The initial report on the tourism tax collection will be announced by the Finance Ministry in October, said ...