Business
Goldman exits China’s ICBC, 7 years and billions later
HONG KONG, May 20 – Goldman Sachs Group Inc launched the sale of about US$1.1 billion (RM3.32 billion) worth of Hong Kong-traded shares in Industrial and Commercial Bank of China (ICBC) today, offering its entire remaining stake in the world’s biggest bank by market value.
The sale would be the final chapter in Goldman’s investment alongside ... Read More
Healthcare workers wear masks as they take part in a protest against the local government’s plans to cut public healthcare spending in Madrid May 20, 2013. — Reuters pic
Recent Articles
Pos Malaysia reports RM50m Q4 profit
KUALA LUMPUR, May 20 – Pos Malaysia Bhd posted a higher pre-tax profit of RM50.09 million for its fourth quarter ended March 31, 2013, when compared to the RM44.341 million registered in the same quarter ... Read More
Ryanair’s extra charges help lift profit to all-time high
DUBLIN, May 20 – A sharp rise in earnings from add-on charges for items such as baggage and pre-assigned seating helped boost Ryanair’s earnings above expectations in the past year, lifting its shares to ... Read More
MediaCorp invests in luxury online retailer Reebonz
SINGAPORE, May 20 – MediaCorp Pte Ltd today announced that it has led the latest round of investments into Reebonz Pte Ltd, one of the region’s fastest growing luxury online retailers.In a statement, ... Read More
TIME dotCom sees 25-27pc earnings from newly acquired data centres
PETALING JAYA, May 20 – TIME dotCom Bhd is expecting between 25 and 27 per cent contribution for this year’s earnings from its completed major acquisitions, Chief Executive Officer Afzal Abdul Rahim said ... Read More
Instacom bags RM205m contract from One M Utama
KUALA LUMPUR, May 20 – Instacom Group Bhd (IGB) has received a contract worth RM205 million from One M Utama Sdn Bhd for the supply, installation, testing and commissioning of telecommunications network, ... Read More
Bursa prices close higher
KUALA LUMPUR, May 20 – Share prices on Bursa Malaysia closed higher on active buying interest of selected heavyweights and lower liners, dealers said.The barometer index, the FTSE Bursa Malaysia KLCI (FBM ... Read More
CapitaLand to raise US$520m in convertible bonds
HONG KONG, May 20 – Singapore’s CapitaLand Ltd, the biggest property developer in Southeast Asia, plans to raise up to US$520 million (RM1.57 billion) in convertible bonds due 2020, according to a term ... Read More
SE Asia Stocks: Indonesia jumps after new finmin; Thailand at new high
BANGKOK, May 20 – Southeast Asian stock markets gained today as optimism about global growth lifted sentiment in overseas markets while Indonesia’s main index rose to a new all-time closing high, after ... Read More
Affin reports lower Q1 profit
KUALA LUMPUR, May 20 – Affin Holdings Bhd registered a lower pre-tax profit of RM203.5 million for the first quarter ended March 31, 2013, against RM213.9 million reported during the same quarter last ... Read More
TH Plantations to build palm oil refinery in Sarawak
KUALA LUMPUR, May 20 – TH Plantations Bhd, which already operates six oil palm mills in Peninsular Malaysia, plans to set up its first palm oil refinery in Sarawak, says Executive Officer Datuk Zainal ... Read More
More Articles
- Use green technology incentives, Mida urges investors
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- RHB Research lowers Petra Energy’s earning forecast
- Malaysia’s economy ‘to pick up pace in 2H2013’
- Shangri-la Hotels optimistic on FY2013 outlook
- KLCI futures traded higher at mid-day
- Share prices stay in positive territory at mid-day
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- Kenanga cautious on SEG International outlook
- Analysts maintain ‘neutral’ on auto sector
- Share prices surge in midmorning session
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- SWEPA praised for uplifting women entrepreneurs
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- Beyond the reach of banks, Indians targeted by outlaw fund scams
- China ups stakes in Australia power firms as Singapore retreats
- SIA shares fall on Q4 earnings, tough outlook
- CIMB boss denies talks with San Miguel abandoned
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