Mexican billionaire Salinas’ telecom bonds soar on exchange deal
Bonds from Mexican billionaire Ricardo Salinas’ telecom Total Play Telecomunicaciones soared to the highest in a year, days after the…
Category: Corporate News
MMAG banking on aviation arm to boost competitive edge in logistics industry
KUALA LUMPUR: MMAG Holdings Bhd (MMAG) is banking on its aviation arm, MMAG Aviation Consortium Sdn Bhd (MAC), to unlock…
GameStop cuts jobs to reduce costs amid sales decline
Videogame retailer GameStop says it has cut an unspecified number of jobs to reduce costs and reported lower fourth quarter…
Zantat makes market debut at 60% premium
Zantat Holdings Bhd made its debut on the ACE Market at 40 sen per share, a 60% premium over its…
Visa, Mastercard reach US$30bil card fee deal
Visa and Mastercard reached an estimated US$30bil settlement to limit credit and debit card fees for merchants, with some savings…
MCMC, Huawei Malaysia unveil digital talent development plan
The Malaysian Communications and Multimedia Commission (MCMC), in collaboration with Huawei Technologies (M) Sdn Bhd (Huawei Malaysia), has launched a…
Hershey hit with downgrade as cocoa prices touch record
Hershey Co was downgraded at BNP Paribas Exane to “neutral” from “outperform” on Tuesday, citing the recent surge in cocoa…
Public portion of SBH Marine IPO oversubscribed 27.66 times
KUALA LUMPUR: The public portion of SBH Marine Holdings Bhd's initial public offering (IPO) has been oversubscribed by 27.66 times.
Behind the plot to break Nvidia’s grip on AI
Nvidia earned its US$2.2 trillion market cap by producing artificial-intelligence (AI) chips that have become the lifeblood powering the new…