Twin threats may weigh down PetDag’s prospects
Petronas Dagangan Bhd’s (PetDag) medium-term prospects appear challenging in the face of a potential reduction in fuel subsidies.
Corporate News
Carsome turns Ebitda positive in 1Q24 on business scale
Online used car platform Carsome Group Inc, which reported its first quarterly earnings before interest, taxes, depreciation and amortisation (Ebitda)…
JPMorgan limits exposure to Segantii amid insider-trading case
JPMorgan Chase & Co is limiting dealings with Simon Sadler’s Segantii Capital Management Ltd, the Asian hedge fund giant charged…
OCK set to gain from robust Laos telecoms market
OCK Group Bhd’s foray into Laos is deemed as a good venture, given the robust growth prospects.
US revokes some export licences for supplying China’s Huawei
The United States has revoked some licences that allow companies to ship goods, such as chips, to sanctioned Chinese telecommunications…
Optimistic growth prospects for Focus Point Holdings
Focus Point Holdings Bhd’s growth prospects are driven by expansion of new optical outlets, improved food and beverage (F&B) performance…
BNP Paribas closes South African investment bank
BNP Paribas SA has closed its corporate and investment bank in South Africa, the latest example of a European bank…
Low earnings impact on SDP from Kigip
Sime Darby Plantation Bhd (SDP) is expected to see minimal impact to earnings in the next 12 to 24 months…
Creador’s Brahmal emerges as substantial shareholder of MCE Holdings
PETALING JAYA: Creador founder Brahmal Vasudevan has emerged as a substantial shareholder in MCE Holdings Bhd.