Fri07252014

LAST_UPDATEFri, 25 Jul 2014 9am

MAHB: Current LCCT To Be Converted Into A Cargo Warehouse?

Malaysia Airports Holdings Bhd (MAHB) is in the midst of studying plans to convert the Low-Cost Carrier Terminal (LCCT) into a cargo warehouse, said Chief Financial Officer, Faizal Mansor.

Read more: MAHB: Current LCCT To Be Converted Into A Cargo Warehouse?

Axiata Snag In Bangladesh Unit Plan

Pic: TRPKUALA LUMPUR: Edotco Group, a subsidiary of Axiata Group Bhd, will put on hold its plans to acquire telecommunications infrastructure from Robi Axiata Ltd – amid regulatory concerns in Bangladesh.

Read more: Axiata Snag In Bangladesh Unit Plan

Bizsnaps: Boustead-London Hotel, MRCB-Penang Sentral Deals

Pic: TRPKUALA LUMPUR: With a view to expanding its stable of properties beyond Malaysian shores, Boustead Holdings Bhd is buying Hyde Park Hotel in London for RM138.98 million or £25.5 million from Pastel Estate Ltd.

Read more: Bizsnaps: Boustead-London Hotel, MRCB-Penang Sentral Deals

Ahmad Maslan: RM3b Extra Govt Revenue With GST

Pic: TRPKUCHING: The government expects to earn an additional revenue of RM3 billion in the first year the Goods and Services Tax (GST) introduction starting April next year, Deputy Finance Minister Datuk Ahmad Maslan said.

Read more: Ahmad Maslan: RM3b Extra Govt Revenue With GST

Moody’s: Household Debt Worrying

Pic: TRPSINGAPORE: Moody’s Investors Service says the long positive credit cycle that has benefited banks in the Asean region may be on the verge of peaking.

Read more: Moody’s: Household Debt Worrying

Khazanah Denies MAS-AAX Merger

Pic: TRPKUALA LUMPUR: Speculation of Malaysian Airline System Bhd (MAS) being merged with a budget long haul carrier has been dismissed by Khazanah Nasional Bhd, which has a 69.4% stake in the ailing national carrier.

Read more: Khazanah Denies MAS-AAX Merger

Research Centre Maintains "Buy" Call On Berjaya Food.

AmResearch has maintained its "buy" call on Berjaya Food (BFood) Bhd due to earnings upgrade from the proposed acquisition of the remaining 50 per cent equity interest in Starbucks Coffee Sdn Bhd for RM279.5 million (US$88 million).

Read more: Research Centre Maintains "Buy" Call On Berjaya Food.

Westport Would “Outperform”: Kenanga Research

Westport - ContainerKenanga Research Holdings Bhd has maintained its "outperform" call on Wesports Holdings Bhd in the face of positive growth and on the back of improving container throughput.

Read more: Westport Would “Outperform”: Kenanga Research

MRT Corp Absorbed RM8b; Reaches Halfway

KUALA LUMPUR: The Mass Rapid Transit (MRT) line between Sungai Buloh and Kajang, which is the biggest infrastructure project undertaken by the Government, has so far absorbed RM8.02bil is halfway done with over 47.6 per cent of the Sungai Buloh-Kajang Line of the Klang Valley mass rapid transit project (KVMRT) completed as at the end of last month.

Read more: MRT Corp Absorbed RM8b; Reaches Halfway

AmInvest Launches Two New Funds

KUALA LUMPUR - AmInvest, winner of Best Mixed Asset Group, has launched two funds, namely US-Canada Income and Growth and Europe Equity Growth, in response to investors’ demand for higher risk appetite and continuous search for higher yield than fixed deposit rates.

Read more: AmInvest Launches Two New Funds