KUALA LUMPUR: Tenaga Nasional Bhd’s wholly owned subsidiary Vantage RE Lrd has completed its acquisition of a 100% stake in a 97.3MW onshore wind portfolio in the UK from several funds advised by Capital Dynamics, a global private asset management firm, for GBP145.9mil. Read full story
KUALA LUMPUR: The trading of Lingkaran Trans Kota Holdings Bhd (LITRAK) and Gamuda Bhd securities has been suspended after the two companies received conditional letters of offer from Amanat Lebuhraya Rakyat Bhd (ALR), with ALR offering to acquire all the securities of four highway concession companies – KESAS, SPRINT, LITRAK, and SMART. Read full story
LONDON: British financial regulators said on Monday that they would review the way the London Metal Exchange (LME) handled a halt in chaotic nickel trading last month and said the episode underlined questions about the LME’s transparency. Read full story
SINGAPORE: Singapore’s central bank is likely to tighten its policy settings at its review this month, the third time in a row, as inflationary pressures intensify due to global supply-side disruptions and an easing of the city-state’s border controls. Read full story
ALTHOUGH this happened to be a data heavy week with the Securities Commission (SC) and Bank Negara releasing their 2021 annual report, do indulge me by letting me focus this week’s column on a lighter topic of an alternate universe, which happens to be an interest of mine – watches. Read full story
KUALA LUMPUR: The government has disbursed RM20.63bil to 357,618 employers through the wage subsidy programme (PSU) up to March 18, 2022, which has helped to sustain 2.96 million local jobs in an effort to reduce the unemployment rate. Read full story
KUALA LUMPUR: Malaysian manufacturers have expressed optimism about the outlook for output in the coming year, although the overall degree of sentiment waned to the softest since last October. Read full story
INDIA wants to go on trading with Russia for reasons that are more practical than to swipe at the West. For one thing, New Delhi relies heavily on Moscow for defence procurement, a dependency that will be hard to shed overnight with new suppliers. Read full story
AS environmental, social and governance (ESG) practices become a topical subject among investors today, it’s not surprising to see more real estate players either acknowledging or embracing its importance. Read full story
THE stakes are high for Datuk Anuar Mohd Taib, the group CEO of ailing Sapura Energy Bhd. He faces the daunting task of overseeing one of corporate Malaysia’s largest ever debt restructurings, a problem which he inherited when he joined the group in 2020. Read full story
FOLLOWING the announcement of a series of proposals with a combined acquisition value of RM157.6mil by Lim Seong Hai Capital Bhd (LSH Capital) after its first annual general meeting on March 28, the company’s shares saw a surge of 19% to 50 sen when it resumed trading on March 29. Read full story
HOW seriously does corporate Malaysia take governance issues? Read full story