- Malaysia share prices opened higher on Tuesday with the FTSE Bursa Malaysia Kuala Lumpur Composite Index up 8.29 points to 1,830.12
- The government has no plan to peg the ringgit against the US dollar to address its depreciation.
- Tenaga Nasional Bhd (TNB) takeover offer for Integrax Bhd has crossed the 50% threshold, making its revised offer at RM3.25 a piece in the port operator unconditional.
- Astro Malaysia Holdings Bhd, which saw its earnings before interest, taxes, depreciation and amortisation (ebitda) and revenue increase 12% and 9% respectively for the financial year ended Jan 31, 2015 (FY15), expects to see a similar trajectory in FY16.
- XOX Bhd, the only listed mobile virtual network operator in Malaysia, aims to increase its subscriber base by 800,000 more prepaid users within six months from the 500,000 active subscribers it currently has.
- The Chinese business community is more pessimistic about the economic outlook for 2015 and 2016, but expects to see an improvement in 2017, according to a survey by the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM).
- Amcorp Properties Bhd has entered into a joint venture with Temasek, Hotel Properties Ltd and UK developer, Native Land to jointly develop Sampson House and Ludgate House property in London's South Bank, along River Thames into a mixed development with a gross development value of RM5.5 billion.
- Public Bank Bhd is targeting a gross loan growth of 9-10% for 2015, ahead of the projected industry loan growth of below 8%.
- Shareholders of MMC Corp Bhd unanimously approved the listing of its power unit Malakoff Corp Bhd at an EGM yesterday, paving the way for what could be the country's largest initial public offering (IPO) in May this year.
- Credit Suisse Group has acquired a substantial 5% stake in Sona Petroleum Bhd, the country' largest special purpose acquisition company
- The Netting of Financial Agreements Act 2015, which provides a legal framework governing close-out netting for financial transactions in Malaysia, came into force yesterday.
- Boustead Heavy Industries Corporation Bhd (BHIC) has secured an additional contract from the federal government in relation to the in-service support (ISS) for two units of the Scorpene submarines for the navy worth RM531.2 million.
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