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MPHB on last lap of Federal Court case against Johor government and Petronas

SEVEN years on, MPHB Capital Bhd (MPHB) seems to be on the last lap of a long-drawn legal dispute with the Johor government and Petroliam Nasional Bhd (Petronas) over 2,800 acres of its land in Pengerang that were acquired by the ...
TheEdge27 Jan, 2020 17:00pm - 1 hour ago

Coffee Break: ‘Hi, I’m calling to scam you...’

I am not gonna lie — I am guilty of many things. Giving relationship tips (please, I do not even follow half of my own advice), lying to my Dad about attending Sunday mass, swearing in front of kids, busting deadlines, ...
TheEdge27 Jan, 2020 17:00pm - 1 hour ago

Newsbreak: PLUS to raise RM7.5 billion sukuk as part of concession restructuring

HIGHWAY concessionaire PLUS Malaysia Bhd is likely to have to raise RM7.5 billion via a sukuk as part of the restructuring of its concession agreements to bring about toll rate reductions, sources say. “This is a way to crystallise the ...
TheEdge27 Jan, 2020 16:00pm - 2 hours ago

Newsbreak: Mr DIY’s IPO free float exemption raises eyebrows

EYEBROWS were raised when it was learnt that Mr DIY Group (M) Bhd, expected to be one of the year’s biggest initial public offerings (IPO), has been exempted by the stock market regulator from the minimum required public shareholding ...
TheEdge27 Jan, 2020 16:00pm - 2 hours ago

Streetscapes: Standing the test of time

DJ has always been quite a crowded area even way before the new Atria was up. However, many restaurants have changed since. My friends and I used to frequent a Hainanese chicken rice shop just outside Atria. That was a ...
TheEdge27 Jan, 2020 16:00pm - 2 hours ago

【武汉肺炎】世卫总干事赴华了解疫情

（日内瓦27日讯）世界卫生组织（WHO）总干事谭德塞正在前往中国的路上。他表示，将到中国了解新型冠状病毒感染肺炎疫情，并与中国官方和有关专家商讨疫情防控措施。据...
Nanyang27 Jan, 2020 15:50pm - 3 hours ago

Stocks, oil prices skid as China virus fears drive investors to safe havens

TOKYO: Shares tumbled on Monday as investors grew increasingly anxious about the economic impact of China's spreading virus outbreak, with demand spiking for safe-haven assets such as the Japanese yen and Treasury notes.
TheStar27 Jan, 2020 15:15pm - 3 hours ago

The State of the Nation: Where Malaysia stands on minimum wage scale

COME Feb 1, the official minimum wage will be boosted to RM1,200 per month in 56 city and municipal council areas following the gazetting of the Minimum Wage Order 2020. Released by the Ministry of Human Resources on Jan 10, the gazette sets the ...
TheEdge27 Jan, 2020 15:00pm - 3 hours ago

Virus fears drive sell-off in stocks, oil, yuan

TOKYO: Deepening fears about the economic and human impact of the deadly coronavirus sent stocks, crude oil and China’s yuan tumbling Monday, and spurred haven assets higher.
TheStar27 Jan, 2020 14:22pm - 4 hours ago

Lead Story: Asian investors most keen on sustainable investing

INVESTORS in Asia have a surprisingly high level of interest in sustainable investing, says UK-based asset manager Schroders. Its head of sustainable research, Andy Howard, notes that this is because the speed at which economies are changing in Asia is ...
TheEdge27 Jan, 2020 14:00pm - 4 hours ago

The Week Ahead: Fed policy decision and Brexit in focus amid quiet week at home

Given that this is a quiet week at home because of the Chinese New Year period, all eyes will be on whether the US Federal Reserve moves to change the benchmark interest rate on Thursday, when its policy arm, the ...
TheEdge27 Jan, 2020 14:00pm - 4 hours ago

Thai baht brought back to earth after a winning year in Asia

BANGKOK: The Thai baht has gone from being Asia’s top-performing currency in 2019 to dead last in January.
TheStar27 Jan, 2020 13:57pm - 4 hours ago

Frankly Speaking: Thorough review of IPO gatekeeping needed

Multi-Sports Holdings Ltd will likely be delisted by the end of this month. The Chinese shoe-sole maker said last Tuesday that its request for more time to submit a regularisation plan had been rejected. Multi-Sports is not the first Chinese ...
TheEdge27 Jan, 2020 13:00pm - 5 hours ago

Singapore says China virus outbreak will hit its economy this year

SINGAPORE: Singapore said on Monday that the coronavirus outbreak will hurt its economy this year, as it announced new measures to tackle the disease which originated in China and has spread to the city-state and several other countries.
TheStar27 Jan, 2020 12:45pm - 6 hours ago

Tourism stocks stoke Thai slump on China ban on group tours

BANGKOK: Thailand’s stock market tumbled Monday on the prospect of economic turbulence after China banned outbound group tours to fight the spread of the novel coronavirus that’s sickened thousands of people.
TheStar27 Jan, 2020 12:18pm - 6 hours ago

Coronavirus could hit Japan’s economy harder than SARS

TOKYO: China’s escalating viral outbreak may end up hitting Japan’s fragile economy harder than the SARS outbreak of 2003, according to economists.
TheStar27 Jan, 2020 12:11pm - 6 hours ago

China’s financial markets likely to stay shut on extended break

TheStar27 Jan, 2020 12:04pm - 6 hours ago

Frankly Speaking: Dolomite’s puzzling debt settlement

Imagine that you are a shareholder of a loss-making company whose share price has been languishing at less than 15 sen over the last two months. Then suddenly, the company decides to issue new shares to a creditor to settle its ...
TheEdge27 Jan, 2020 12:00pm - 6 hours ago

Air India bidders must absorb US$3.3b debt to buy carrier

HONG KONG: Bidders for Air India Ltd. will need to absorb $3.26 billion of its debt, as Prime Minister Narendra Modi’s administration tries once again to sell the national carrier.
TheStar27 Jan, 2020 11:59am - 6 hours ago

Malaysia records lower total foreign inflow

KUALA LUMPUR: Foreign investors were net buyers in the local equity market last week, recording a total net inflow of RM23.48 million from Jan 20-23 compared with RM63.66 million from Jan 13-16 as markets remained fragile amid concerns over the 2019 novel coronavirus outbreak.
TheStar27 Jan, 2020 11:17am - 7 hours ago
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