Business

Tycoon Ananda in RM5b firms buyback

KUALA LUMPUR, July 29 — Billionaire Ananda Krishnan will shell out around US$1.6 billion (RM5.1 billion) to privatise two of his listed firms in a move to restructure their ...

Housing market set to rise, says minister

PETALING JAYA, July 29 — Housing development in Malaysia is still active due to the rapid growth of urbanisation and is expected to increase from 67 per cent this year to 75 per ...

Cash-rich Fortis eyes acquisitions in Asia

SINGAPORE, July 29 — Fortis Healthcare is eyeing acquisitions of other healthcare companies in Asia after losing out in the bidding war for Singapore’s Parkway Holdings but making ...

Top Asian telcos eye Thai 3G

BANGKOK, July 29 — Thailand’s long-awaited auction for third-generation mobile phone network licences attracted interest from leading Asian telecoms firms during recent roadshows, ...

Singapore central bank sees rising prices, mild growth

SINGAPORE, July 29 — Singapore’s economic growth will moderate in the second half of 2010 while prices will rise faster, the central bank said today, while making clear it ...
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