Sun06252017

LAST_UPDATEFri, 30 Jun 2017 8am

Maxis Proposes To Issue New Shares, To Raise Proceeds Of Rm1.64 Bln

KUALA LUMPUR  - Maxis Bhd has proposed to issue 300,000,000 new shares under the proposed private placement to investors with an indicative issue price of RM5.47 per share.

Read more: Maxis Proposes To Issue New Shares, To Raise Proceeds Of Rm1.64 Bln

Affin Bank Not Looking At M&As

Pic: NST

AFFIN Bank Bhd is not looking to merge with other financial institutions even though it is under pressure from market speculation to form a larger banking group.

Read more: Affin Bank Not Looking At M&As

Asia Stocks Shake Off Wall St. Blues, Sterling Steady Pre-Brexit Talks

Pic file

SINGAPORE: Asian stocks rose on Monday, shaking off Wall Street's subdued performance on Friday, and sterling was steady after a van rammed into worshippers leaving a London mosque, killing at least one person, as markets braced for the start of Brexit talks.

Read more: Asia Stocks Shake Off Wall St. Blues, Sterling Steady Pre-Brexit Talks

E&O, Top Glove Improve Prospects, Get Neutral Calls: Publicinvest Research

KUALA LUMPUR: PublicInvest Research is positive on Eastern & Oriental Bhd (E&O)'s sale of Lone Pine Hotel in Penang for RM85 million, earning it a “neutral” call with a target price of RM2.

Read more: E&O, Top Glove Improve Prospects, Get Neutral Calls: Publicinvest Research

Sterling Steady Ahead Of Brexit Talks; Dollar Eyes Fed's Dudley

Pic: Reuters

TOKYO/SINGAPORE: Sterling held steady on Monday ahead of the start of Brexit negotiations, with investors also awaiting comments from a top Federal Reserve official to see whether the U.S. dollar's recent rise can be sustained.

Read more: Sterling Steady Ahead Of Brexit Talks; Dollar Eyes Fed's Dudley

Macquarie Bank To Subscribe Up To 500 Million Shares Of NetX Holdings Berhad

PETALING JAYA: NetX Holdings Berhad entered into a share subscription agreement with Australian bank Macquarie Bank Limited for the issuance and subscription of up to 500 million new shares to raise about RM25.5 million for the funding of the Group’s proprietary Mobile Payment Exchange System (MPex).

Read more: Macquarie Bank To Subscribe Up To 500 Million Shares Of NetX Holdings Berhad

ASEAN And China Beckon For Proton With Geely

KUALA LUMPUR -- The Asean countries and China are now within reach for Proton to market its cars following its recent strategic partnership deal with China's Geely Holding Group Co Ltd, said geo-strategist, Dr Azmi Hassan.

Read more: ASEAN And China Beckon For Proton With Geely

Shahrir Hopes For Leadership Change In FGV In Order For Growth

JOHOR BARU: Federal Land Development Authority (Felda) is hoping that there would be a leadership change in Felda Global Ventures Holdings Bhd (FGV) in order to see the value and worth of government-linked company increase.

Read more: Shahrir Hopes For Leadership Change In FGV In Order For Growth

Amazon Founder Jeff Bezos Asks How To Give Away Money

The billionaire founder of Amazon, Jeff Bezos, has asked people on Twitter to help him with ideas for philanthropy.

Read more: Amazon Founder Jeff Bezos Asks How To Give Away Money

Qatar Riyal Quoted Below Peg But No Threat Of Devaluation, Bankers Say

Pic: ReutersDUBAI: Qatar's riyal is being quoted weaker than its peg against the U.S. dollar as Doha grapples with a diplomatic crisis, but that is the result of poor liquidity in the currency market rather than a serious threat to the peg, bankers in the region say.

Read more: Qatar Riyal Quoted Below Peg But No Threat Of Devaluation, Bankers Say