Once-hot Chilean telco WOM now a bondholder’s headache
WOM Chile, once a rising telecom startup that the bond market couldn’t get enough of, now has investors searching for…
Corporate News
EWI returns to the black in first quarter
Eco World International Bhd (EWI) continues to make progress with the monetisation of inventories and sales of completed stocks, which…
UK employers cut forecasts for pay deals to 4% this year
United Kingdom employers lowered their forecasts for the pay awards they will make in 2024, a new survey shows, which…
CIMB Securities appoints new board of directors
CIMB Securities Sdn Bhd, a wholly-owned subsidiary of CIMB Investment Bank Bhd, has announced the appointment of four experienced professionals,…
Mah Sing moves a step closer towards developing township with RM3.3bil GDV
KUALA LUMPUR: Mah Sing Group Bhd has moved a step closer in its plan to develop an integrated township in…
ShopBack cuts 195 employees in push for sustainability
Temasek-backed cashback and rewards platform ShopBack has reduced its employee headcount by 24%, or 195 roles, “to become more focused…
Kelington in Terengganu govt land deal
Kelington Group Bhd, via its 90.71% owned subsidiary, Ace Gases Sdn Bhd, has entered into an agreement with Terengganu State…
Sime Darby completes UMW Holdings acquisition
KUALA LUMPUR: Sime Darby Bhd has completed its acquisition of UMW Holdings Bhd, achieving full ownership and making UMW a…
Short seller Block says he’s even ‘more bearish’ on Blackstone Trust
Short seller Carson Block said his firm has grown “more bearish” on Blackstone Mortgage Trust, citing troubles with multifamily properties.