Anonymous sources
Business Times - Malaysia
Ipoh-Padang Besar rail project hits snag? - Business Times - Malaysia
By Sharen Kaur The Ipoh-Padang Besar Electrified Double Track project (EDTP) has hit a snag over price due to cost overrun and the main contractor may ask RM1.5 billion in variation order (VO) claims from the government, people familiar with the matter ...
'Undoing MAS-AirAsia share swap no surprise' - Business Times - Malaysia
The analyst, who requested anonymity, said the rationale for the exercise was to rope in the best brains of AirAsia to effect changes in MAS and allow Khazanah Nasional Bhd to garner a slice of the action in AirAsia. As reported, the seemingly ...
Encorp to sell US$516m Islamic bonds - Business Times - Malaysia
The Selangor-based company will be issuing the sukuk, or debt that pays returns from assets to comply with Islam's ban on interest, in several portions of as long as 16 years, said one of the people, who declined to be named as the information is ...
IGB Corp plans to raise RM700m in trust listing - Business Times - Malaysia
The trust may list units in the second half of the year in Kuala Lumpur, said the people who declined to be named as the information is private. IGB appointed CIMB Investment Bank Bhd, Credit Suisse Group AG and Hong Leong Investment Bank Bhd. as joint ...
DRB-Hicom may sell Uni.Asia stake - Business Times - Malaysia
Singapore's United Overseas Bank Ltd owns the rest of the two companies and may also sell its stakes, said the people, who asked not to be named because the process is confidential. DRB's 51 per cent stake in Uni.Asia Life is valued at RM149 million ...
Malaysia to unveil minimum wage plan - Business Times - Malaysia
Malaysia will announce plans for a minimum wage this month, a government official said, bringing the nation in line with Southeast Asian neighbors strengthening support for those with lower incomes. Prime Minister Najib Razak and his Cabinet have yet ...
'Dijaya plan RM1.1b property assets purchase' - Business Times - Malaysia
The deal will be financed via cash and stock, said the person, who asked not to be identified as details are private. Dijaya also plans a right offer to help finance the deal, the person said. Dijaya has a market value of RM767 million and had cash and ...
Felda said mulling bid for KFC, QSR - Business Times - Malaysia
However, Felda has yet to table the offer and planned to discuss with JCorp regarding the proposal, the source said, in response to recent JCorp's move to acquire the entire assets and liabilities of the two entities via a joint venture with a private ...
MMC doing due diligence on KTMB - Business Times - Malaysia
MMC Corp Bhd is undertaking a due diligence exercise to privatise Keretapi Tanah Melayu Bhd (KTMB), people familiar with the matter said. The company, controlled by tycoon Tan Sri Syed Mokhtar Al-Bukhary, plans to pump in as much as RM1 billion to take ...
Parkson may increase loan to over US$400m - Business Times - Malaysia
Parkson Retail Group Ltd may increase a loan to more than US$400 million after attracting more commitments from banks in syndication, said a person familiar with the matter. Parkson had discussions with existing lenders in October to increase a loan ...
PLUS said planning RM30b sukuk - Business Times - Malaysia
Marketing of the Shariah-compliant bonds, or sukuk, may begin either late this year or in early 2012, said the people, who declined to be named as the information is confidential. PLUS currently holds US$3.9 billion of bonds mostly falling due by 2024, ...
'Parkson to get two commitments for loan increase' - Business Times - Malaysia
24, said the person who asked not to be identified because the details are private. The two commitments come from existing lenders on the original facility, said the person. The parent company, Parkson Holdings Bhd, operates department stores in China, ...
Malaysian firms bid for Bangladesh vessel job - Business Times - Malaysia
We have submitted the tender documents to the Islamic Development Bank (IDB) and are awaiting a response," a senior official from the Bangladesh Marine He declined to be named for the story. A total of seven companies are bidding for the construction ...
Gas Malaysia to raise RM750m from IPO - Business Times - Malaysia
The person declined to be identified as the potential size of the IPO hasn't been made public. The Selangor, Malaysia-based company plans to sell shares by the end of this year, according to an exchange filing late yesterday by its parent MMC Corp. ...
Tanjong said to sell gaming unit for RM2b - Business Times - Malaysia
Hong Leong Financial Group Bhd chairman Quek Leng Chan, Lion Corp chairman William Cheng and businessman Chua Ma Yu are also part of the group, said the people, who declined to be identified because they aren't authorized to discuss the deal. ...
Strong funds' demand for Bumi Armada IPO - Business Times - Malaysia
The oil and gas services company controlled by Malaysian billionaire T. Ananda Krishnan plans to raise as much as RM2.77 billion (US$922 million), people familiar with the matter said on June 27. Sales to institutional investors are scheduled to close ...
Malaysia said planning US$ Islamic bond sale - Business Times - Malaysia
The government of Malaysia hired CIMB Group Holdings Bhd, Citigroup Inc, HSBC Holdings Plc and Malayan Banking Bhd to help it with a planned sale of US dollar denominated Islamic notes, according to a person familiar with the matter. ...
MSM Malaysia may price IPO at RM3.50 - Business Times - Malaysia
Institutions have bid for 50 times more shares than available, said the people who declined to be named because the information is confidential. The Kuala Lumpur-based company, a unit of state-owned Felda Global Ventures Holdings Sdn Bhd, will continue ...
Malaysia to hire advisors for US$1b sukuk - Business Times - Malaysia
Malaysia plans to appoint Maybank Investment Bank Bhd, CIMB Investment Bank Bhd and HSBC Amanah Malaysia Bhd to advise on a global Islamic sovereign bond to raise more than US$1 billion, two people familiar with the matter said. ...
ECM Libra shareholders mulls selling stake - Business Times - Malaysia
Azman Hashim, ECM Libra's biggest shareholder, Chairman Kalimullah Hassan and Managing Director Lim Kian Onn are seeking to either divest ECM Libra's investment banking unit or sell the entire company, said the person, who declined to be identified as ...
ECM, Kenanga jump on merger report - Business Times - Malaysia
ECM Libra Financial Group Bhd and K&N Kenanga Holdings Bhd rose in Kuala Lumpur trading after the Edge reported that the two Malaysian investment banks were considering a merger, citing unidentified people familiar with the matter. ...
Hong Leong said to sell dollar bonds - Business Times - Malaysia
Barclays Plc, Royal Bank of Scotland Group Plc and Standard Chartered Plc are managing the sale of the RegS bonds, said the person, who asked not to be identified because the details are private. The bonds can be bought in denominations of US$200000 ...
Carlyle in talks to acquire AlpInvest - Business Times - Malaysia
NEW YORK: Carlyle Group is in talks to buy Amsterdam-based private equity investor AlpInvest Partners, a source said on Wednesday, a move that could give it ...
Malaysia to announce GST proposal - Business Times - Malaysia
Malaysia's government is to make an announcement on its position on a proposed goods and services sales tax, a government official said on Wednesday. ...
Dubai World in restructuring deal - Business Times - Malaysia
DUBAI: Dubai World will repay interest on loans to creditors and then the loans themselves in instalments, a government official said, after the state-owned ...