Market Capitalization, % GDP Some Asia Pacific Nations 1 Hong Kong 1,107.2% 4 Singapore 207.6% 7 Malaysia 124.4% 8 Japan 111.1% 10 Thailand 108.2 11 Australia 102.1% 12 South Korea 97.2% 17 Philippines 83.1% 19 India 77.6% 24 China 61.3% 32 Vietnam 48.6% 33 Indonesia 47.9 35 New Zealand 43.8% Source: https://www.wipo.int/global_innovation_index/en/2020/

Malaysian Asean ventures 2021: Part 1: Indonesia | Serba Dinamik Holdings Bhd Part 2: Thailand | CIMB Thai Part 3: Vietnam | Tune Protect Group Bhd Part 4: Vietnam | Toyo Ventures Holdings Bhd Part 5: Indonesia | Dagang NeXchange Bhd Part 6: Singapore | Key Asic Bhd Part 7: Thailand | Fraser & Neave Holdings Bhd (F&N) Part 8: Singapore | Willowglen MSC Bhd Part 9: Vietmam | Toyo Ventures Holdings Bhd Part 10: Myanmar | Parlo Bhd Part 11: Myanmar | Tan Chong Motor Holdings Bhd's Nissan Plant Part 12: Philippines | My EG Services Bhd (MyEG) Part 13: Myanmar | Petroliam Nasional Bhd (Petronas) Part 14: Thailand | Funding Societies Malaysia (FSM) Part 15: Thailand, Brunei | Sapura Energy Bhd Part 16: Myanmar | Texchem Resources Bhd Part 17: Singapore | Maybank Part 18: Philippines | AirAsia Part 19: Thailand | AirAsia Part 20: Indonesia | AirAsia Part 21: Indonesia, Thailand, Philippines | AirAsia Part 22: Myanmar | OCK Group Bhd Part 23: Thailand, Indonesia | KPJ Healthcare Bhd Part 24: Indonesia | KPower Bhd Part 25: Singapore | AirAsia Part 26: Myanmar | Axiata Part 27: Laos | KPower Bhd Part 28: Cambodia, Vietnam | Innature Bhd Part 29: Indonesia | Petroliam Nasional Bhd (Petronas) Part 30: Indonesia | Matrix Concept Holdings Bhd Part 31: Singapore | YTL Group Part 32: Thailand, Vietnam and Cambodia | Time dotCom Bhd

MALAYSIAN VENTURES TO THE WORLD 2021 Part 1: Mexico | Petroliam Nasional Bhd (Petronas) Part 2: Australia | Bintai Kinden Corp Bhd Part 3: USA | Genting Malaysia Bhd Part 4: China | Khazanah Nasional Bhd Part 5: Brazil | Sapura Energy Bhd Part 6: Saudi Arabia | Malaysian Palm Oil Council (MPOC) Part 7: India | IHH Healthcare Bhd Part 8: Saudi Arabia | Sapura Energy Bhd Part 9: Japan | Petroliam Nasional Bhd (Petronas) Part 10: Germany | Genting Group Part 11: UK | Berjaya Group Part 12: USA | Supermax Corp Bhd Part 13: Hong Kong | IHH Healthcare Bhd

KUALA LUMPUR (Feb 26): Hospital operator IHH Healthcare Bhd expects its Gleneagles Hong Kong Hospital to break even in terms of earnings before interest, tax, depreciation and amortisation (EBITDA) for its current financial year, providing the financial hub does not stay in a protracted lockdown.

KUALA LUMPUR (March 1): Former prime minister Tun Dr Mahathir Mohamad is of the view that Malaysia cannot be too dependent on foreign direct investment (FDI) if it wants to achieve developed nation status. He said the country needed to be in control of technology and to target industrial production for the global market such as what is being done by other Asian countries including China, Japan and South Korea. “We (Malaysia) depend on foreign investors, (they) build factories which do not belong to us (Malaysia). All profits are repatriated (to their countries) and we (Malaysia) do not get the technology completely,” he said during the "Minda Profesor Negara" programme organised by the National Professors Council (MPN). The programme titled "Future of Malaysia: Where are we heading?” was shown on MPN's social platform, Facebook. He said countries such as South Korea is now the manufacturer of the world's biggest ships after becoming aware that there is demand in the world market for such industry. Meanwhile, MPN president and chief executive officer Professor Datuk Dr Raduan Che Rose said according to his research on the transfer of technology by multinational companies in Malaysia, the country was being used more as a production plant. “All the research, strategic matters remain with the respective countries. The mistake was perhaps in the early stages before when we were desperate to create jobs at the manual level,” he said.

KUALA LUMPUR: Tenaga Nasional Bhd's (TNB) subsidiary, TNB Renewables Sdn Bhd has partnered with Sunseap Group to tap into renewable energy (RE) and participate in the corporate power purchase agreement (PPA) market in Singapore. In a statement today, the utility company said it has entered into a binding term sheet of collaboration with Sunseap Group, marking an important milestone for TNB's expansion for international RE footprint into South East Asia.

KUALA LUMPUR (March 2): US-based law firm Cleary Gottlieb Steen & Hamilton LLP represented Genting New York LLC (GENNY) and its wholly-owned subsidiary GENNY Capital Inc in the group’s US$525 million (about RM2.13 billion) bond or senior notes offering, which was listed in Singapore, Global Legal Chronicle reported today. Casino and hotel operator Genting Malaysia Bhd wholly-owns GENNY, which developed and operates Resorts World Casino New York City, the only licensed casino facility within New York City and one of only two casinos located within 30 miles of the city limits of New York City, according to the Global Legal Chronicle report.

SINGAPORE (March 2): AirAsia’s food delivery service, airasia food, has officially entered the Singaporean market today and is offering consumers unlimited free delivery from March 2-16, 2021 for deliveries within 8.0 kilometres from the order point in Singapore. “Our expansion into Singapore is a key milestone for airasia super app that has been ASEAN’s fastest growing e-commerce platform since it was launched last year. “With at least 50 % of Singaporeans eating out every day and a staggering 2.7 million active online food delivery users in 2020, we are thrilled to be a notable player in the food delivery scene in Singapore,” said Airasia Group’s chief executive officer Tan Sri Tony Fernandes in a statement today.

KUALA LUMPUR (March 3): Datasonic Group Bhd has teamed up with a Vietnamese company to bid for various e-passport and other information and communications technology (ICT) projects in Vietnam. In a bourse filing, the group said that it was teaming up with Pham Gia Ecocon Plus Vietnam Co Ltd (PEPV) to work together in proposing e-passport and other ICT projects to the Vietnamese Ministry of Public Security. Under the agreement, Datasonic will be PEPV’s ICT technology partner for any technology projects. Datasonic will provide the ICT solutions and services, prepare proposals and technical presentation activities for the potential projects, as well as provide project professional services, which include remote system support for software and backend.

KUALA LUMPUR (March 3): Yinson Holdings Bhd’s unit has bagged a contract worth an estimated 27.5 billion rupees (RM1.5 billion) to develop a 190MW grid-connected solar photovoltaic power project in the Nokh Solar Park in India’s Rajasthan state. The contract awarded to the group’s indirect 80%-owned subsidiary Rising Sun Energy (K) Pvt Ltd (RSEK) by NTPC Ltd has an estimated aggregate value based on a fixed tariff of 2.25 rupees per kWh, said Yinson.

KUALA LUMPUR (March 4): Tenaga Nasional Bhd's (TNB) wholly-owned subsidiary TNB Renewables Sdn Bhd will buy a 39% stake in a 21.6MW project comprising five rooftop solar power plants in Vietnam from Singapore's Sunseap Group in an acquisition, which will serve as a beachhead for TNB to establish a local presence in Vietnam and expand into the rapidly growing renewable energy (RE) and utility market there. In a statement today, TNB president and chief executive officer Datuk Baharin Din said the acquisition builds on TNB's earlier Malaysia-Singapore cross-border collaboration with Sunseap and demonstrates the Malaysian government-controlled utility's commitment to transforming TNB into a regional RE and utility player. TNB's statement, however, did not specify the acquisition price for the 39% stake in the 21.6MW project and where the solar power plants are located.

KUALA LUMPUR (March 18): Uzma Bhd said today that its wholly-owned MMSVS Group Holding Co Ltd has secured a three-year contract to provide hydraulic workover unit (HWU) services in Thailand's Bualuang field. The contract was awarded to MMSVS by Medco Energi Thailand (Bualuang) Ltd on March 5, 2021, Uzma said in a filing today. It is Uzma's first new offshore contract announced this year.

KUALA LUMPUR (March 5): Notion VTec Bhd has officially incorporated a wholly-owned subsidiary in the United Arab Emirates (UAE) named Notion Pacific Ltd. In a bourse filing, the company said the proposed principal activity of the new unit is to trade metals and metal ores, and sell liquefied natural gas (LNG) and other energy products in the international market. Notion Pacific Ltd was incorporated with an initial paid-up capital of US$10,000 (RM40,683), comprising 10,000 shares of US$1 each, it added.

KUALA LUMPUR (March 19): Dagang NeXchange Bhd (DNeX), through a consortium formed among its business unit PT DNeX Telco Indonesia (PT DTI), PT Samudera Mbiantu Sesami (PT SMS) and PT Infrastruktur Telekomunikasi Indonesia (TelkomInfra), has bagged a contract worth RM12.18 million for the main laying work of submarine cables in Indonesia. DNeX said in a statement that the contract, which is expected to commence immediately, entails the installation of the Luwuk-Morowali-Kendari and Labuan Bajo-Raba submarine cables for about 63 days. Dagang Net Technologies Sdn Bhd, a wholly-owned subsidiary of DNeX, is the 49% registered owner of PT Dagang Samudera Hutama (PT DSH). PT DTI is a 95%-owned subsidiary of PT DSH.

KUALA LUMPUR: Industronics Bhd signed a memorandum of understanding (MoU) with Hong Kong-incorporated Bluemount Financial Group Ltd (BFG) and its shareholder Li Hok Yin for the acquisition of a stake in latter. The MoU sets the framework for all parties involved to discuss and negotiate on the details as well as terms and conditions with regards to the acquisition, with the intention of entering into a definitive agreement in due course.

KUALA LUMPUR: Carsome Sdn Bhd, Southeast Asia's largest integrated car e-commerce platform, recently appointed Mei Han as chief executive officer (CEO) of Carsome Certified, the business-to-consumer (B2C) arm of Carsome. Mei is an industry veteran, having spent the last 10 years in the automotive industry. Riding on Malaysia's success, Carsome Certified will be introduced in Indonesia and Thailand next month.

KUALA LUMPUR: VS Industry Bhd (VIB) reported a net profit of RM63.8 million and RM999.3 million revenue for the second quarter (Q2) ended 31 January 2021 (FY21). The revenue and net profit jumped 21.8 per cent and 92.2 per cent from RM820.3 million and RM33.2 million respectively a year ago. The double-digit improvement in top and bottom-line was largely attributed to higher sales orders received from the company's key customers in Malaysia and Indonesia. The company recorded its highest ever first-half net profit which surpassed RM130 million mark for the first time.

KUALA LUMPUR (April 27): Asia Aviation Public Company Ltd's (AAV) board of directors has approved the resolutions of its subsidiary Thai AirAsia Co Ltd's (Thai AirAsia) corporate and capital restructuring plan, which will see a new investor providing a loan to the latter for a maximum amount of up to 3.15 billion baht (10 baht=RM1.31). Thai AirAsia is the main operating subsidiary of AAV, which is under low-cost airline AirAsia Group Bhd's stable of companies. AAV is the listed holding company of Thai AirAsia. In a filing to Bursa Malaysia today, AirAsia Group said the Covid-19 pandemic has badly affected the aviation industry and AAV, hence, it has outlined several strategies including provision of loan by new investor, offer shares in an initial public offering (IPO), as well as list Thai AirAsia as the listed company on the Thailand Stock Exchange.

Sime Darby Bhd
Leading Port Operator And Provider Of Logistics Services In Shandong, China. Sime Darby Berhad’s Logistics Division is the primary operator of Weifang Port in Shandong Province, China. Our shipping network services customers throughout Northeast China, Southern China, East Asia and Southeast Asia. Weifang Sime Darby Port Co., Ltd. (“Weifang Port”) began construction in 1996. Operations commenced two years later in 1998. Following an invitation from the Weifang Municipal Government to invest in the Ports & Logistics business in the city and further develop Weifang Port, Sime Darby incorporated Weifang Sime Darby Port Co., Ltd. (WSDP) in August 2005.
https://www.simedarby.com/company/logistics
http://www.simedarbylogistics.com/Ports2.aspx?type=131

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Malaysia Airport Holding Bhd (MAHB)
MAHB’s asset in Turkey ranked fifth busiest airport in Europe
Malaysia Airports’ overseas asset Istanbul Sabiha Gokcen International Airport (IATA Code: SAW) in Turkey was ranked as the fifth busiest airport in Europe, registering a daily average of almost 500 flights. Eurocontrol is the European Organisation for the Safety of Air Navigation headquartered in Brussels, Belgium. The Malaysia Airports group’s sustainability is well supported by the encouraging recovery seen at SAW in the last several months. Since July 2020, passenger traffic at SAW contributed more than 50% to the group’s total.
https://www.malaysiaairports.com.my/taxonomy/term/416
https://www.malaymail.com/news/money...europe/1921565

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IHH Healthcare Bhd
IHH Healthcare Berhad ("IHH or the Group") is a leading premium healthcare provider operating in the home markets of Malaysia, Singapore, Turkey and India. The Group also has a growing presence in Greater China and an expanding network across Asia and Central and Eastern Europe. IHH is one of the largest healthcare groups in the world by market capitalisation and are listed on the Main Markets of Bursa Malaysia and the Singapore Stock Exchange."

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Parkway Pantai: Gleneagles Hong Kong

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https://zh.m.wikipedia.org/wiki/港怡醫院#

PETRONAS (Petroliam Nasional)
Petronas recently launched its new global research & technology (R&T) centre in Turin, Italy, which was officiated by Lewis Hamilton and Valtteri Bottas. The US$60 million (RM235 million) facility will be the global hub for Petronas Lubricants International’s (PLI) R&T activities – automotive and industrial technology testing capabilities and expertise.
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KUALA LUMPUR (April 29): UEM Edgenta Bhd has signed a memorandum of business exploration (MoBE) with Asma Advanced Solutions LLC to identify strategies to capture healthcare support services and integrated facility management markets in Saudi Arabia. In a statement, the asset management and infrastructure solutions company said following the signing of the MoBE, both companies will conduct joint discussions over the next eight months and leverage their respective strengths to explore business opportunities. “This marks more opportunities for us to further diversify our revenue stream as we explore new markets in Saudi Arabia. We are excited with the prospects as we gear up towards post-pandemic recovery through our deep and varied healthcare support experiences. We are confident our partnership with Asma Advanced will propel further growth in our regional expansion strategy as we move towards realising our vision ‘Edgenta of the Future 2025’,” said UEM Edgenta managing director and chief executive officer Syahrunizam Samsudin after signing the MoBE with Asma Advanced chairman Sheikh Abdulwahab Nasser Al-Akeel.

KUALA LUMPUR: Proton Holdings Bhd (Proton) has made its debut for its best-selling vehicle, the Proton Saga in Pakistan earlier this month. The national car manufacturer said the model is also available in other international markets namely Brunei, Bangladesh, Egypt, Jordan, Kenya, Mauritius and Nepal. Currently all vehicles are supplied from Malaysia as complete-built unit (CBU). However, Proton's partner, Al-Haj Automotive is set to commence local assembly operations at its new plant in Karachi by the third quarter of 2021. With a planned capacity of 25,000 units per annum, the plant will enable sales of Proton cars to grow quickly in a market brimming with growth potential.

KUALA LUMPUR: Luster Industries Bhd's (Luster) unit, Glovconcept Sdn Bhd (GSB) via Glovmaster Sdn Bhd has partnered with American Nitrile LLC (AN) to provide engineering, procurement, construction and commissioning (EPCC) services as well as glove technology solutions. The services would be for up to 12 glove production lines and a further forecasted 72 glove production lines in the US. Luster said the contract, which is valued at more than RM1 billion based on the total forecasted of 84 lines, marks the company's maiden foray into North America. Luster is also among the first Malaysian companies to offer EPCC works for a glove manufacturing plant in the US, reaffirming the market's confidence in the group to undertake a high-tech production facility. The glove production facility will be located in Ohio. In an exchange filing today, GSB will undertake the designing, building and delivery of a glove manufacturing factory on a turnkey basis, with glove output of not less than 38,000 to 40,000 per line, per hour.

KUALA LUMPUR, 22 April 2021 - Acknowledging the ever growing market demand for beauty and skincare products, airasia super app today launches its latest product offering, airasia beauty, simultaneously in Malaysia and Indonesia. airasia super app said airasia beauty has a rapid expansion plan within Asean and is set to take the region by storm, offering an endless list of products.

KUALA LUMPUR: CIMB Group Holdings Bhd's 94.8 per cent-owned subsidiary CIMB Thai Bank PCL saw its net profit decrease 68.4 per cent year-on-year (yoy) to 341.3 million Thai baht for the three months ended March 31, 2021. This was on the back of a 64.3 per cent growth in expected credit losses, reflected by the elevated provision from economic uncertainty and potential credit migration from customers affected by Covid-19 pandemic.

KUALA LUMPUR: Bina Puri Holdings Bhd says its 20 per cent joint venture company has bagged a contract worth RM183 million to build the Supreme Court building complex in Nepal. Bina Puri, in a statement today, said the joint venture company, BinaPuri-Kalika-Samanantar, had been awarded the contract by the kingdom's Supreme Court.

Shares of the world's largest rubber glove maker rose to a two-month high after the company cut its share sale in Hong Kong by nearly half of its earlier target, a move analysts said will minimize earnings dilution. Top Glove Corp Bhd climbed as much as 2.5% in Kuala Lumpur Friday, the highest since Feb. 23. The company, whose shares also trade in Singapore, will issue up to 793.5 million shares, down from 1.49 billion announced in February, it said in a filing on Thursday. The fundraising target stands reduced to 4.22 billion ringgit ($1 billion) from 7.77 billion ringgit previously, according to the filing. "We believe this move will be taken positively by investors," Megat Fais, an analyst at Citigroup Inc said in a report. "Whilst the HK listing was made known a while ago, the quantum of the fundraising surprised negatively especially considering the supercycle that the gloves sector is currently undergoing." A resurgence in Covid cases in some parts of the world is improving the outlook for producers of medical gloves. Top Glove's shares are up 26 per cent this month and were among the top gainers on Malaysia's main index on Thursday along with peers Supermax Corp Bhd and Hartalega Holdings Bhd. Top Glove, which is seeking a listing in Hong Kong to bolster its profile with overseas investors, was one of Asia's hottest pandemic trades for 2020 before the rollouts of vaccines around the world dimmed their appeal. Pressure on the company deepened in late March when the US Customs and Border Protection ordered personnel at US ports of entry to seize gloves made in Malaysia over allegations of forced labor. Top Glove earlier this month said it is working with the U.S. authorities to resolve the issues to help lift the ban. Top Glove in February said the Hong Kong exchange listing will allow direct participation by new private and institutional investors in North Asia. The reduction in the issuance will minimize dilution to existing shareholders, according to the filing Thursday.

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) through its subsidiary, Petronas LNG Ltd, has commenced the export of liquefied natural gas (LNG) to China in ISO tanks from its filling facility in Pengerang, Johor. Petronas in a statement today said the maiden shipment of LNG ISO tanks has been safely delivered to Shanghai from Pasir Gudang Port of Johor on April 23, 2021. This follows a spot contract signed between Petronas and Tiger Gas (Hong Kong) Ltd, an affiliate of Tiger Clean Energy Ltd (TCEL). With the operation of Petronas' ISO tank filling facility at Pengerang, Malaysia is now poised to strengthen its position as an LNG ISO tank export hub, with filling facilities in west and east Malaysia that provide customers with an alternative and reliable LNG solution. "This inaugural LNG ISO tank export from Peninsular Malaysia is an innovative solution that enables LNG to reach off-grid customers, not only domestically, but also internationally, extending the reach of our virtual pipeline system offering that we have started since late last year," Petronas LNG marketing and trading vice president Shamsairi M Ibrahim said. In 2020, Petronas and TCEL signed a long-term sale and purchase agreement for the supply of LNG to TCEL's LNG ISO tank filling facility in Bintulu, Sarawak. As part of this agreement, Petronas' LNG will be distributed to China using TCEL's ISO tanks, with the first shipment sailed from Bintulu Port to the Port of Long Kou on March 25, 2021. "This is also a clear testament of Petronas' commitment as a progressive energy solutions partner in reducing the carbon footprint of our customers' existing and future operations," Shamsairi added.

KUALA LUMPUR: Genting Bhd-owned Resorts World Las Vegas (RWLV) is likely to operate at a loss for the first few years after its opening in June this year, said Affin Hwang Capital. The firm said given that the Las Vegas market had remained stagnant for the past few years, RWLV would need to sacrifice some margins in the first few years to gain market share. It said the Las Vegas operating environment was different from other Asia casinos, as more than 75 per cent of its revenue was driven by non-gaming facilities. "With overall visitation remaining stagnant at around 42.5 million over the past few years, RWLV would need to take market share from others to grow. "Although the novelty effect might help to attract some crowds, the impact is also likely limited, given that there are a few new properties which have only opened their doors in the past two to three years," Affin Hwang said in a report today. Meanwhile, the firm has reduced the contribution from Genting Malaysia subsidiaries due to the current interstate travel ban which was likely to last to at least end of May, with more than 60 per cent of the population in Peninsular Malaysia under the ban. "Although the new outdoor theme park is still slated for opening by middle of 2021, we believe that the incremental visitation growth would still be limited, as current social distancing requirements will still be in place, and both the theme park and casinos are unlikely to operate at full capacity. "Despite the vaccination program having already started, Malaysia would only likely be able to achieve herd immunity by the end of first quarter (Q1), based on the current vaccination run rate," it said. Affin Hwang has reduced its earnings estimation on Genting for 2021 by 18.6 per cent to factor in lower contribution from the Malaysian operations and losses from the upcoming RWLV. "We have kept our 'Hold' call and target price at RM4.83 unchanged, as we believe investors are likely to look past the struggles in 2021. However, the upside is likely capped given that we are only expecting a full recovery by the end of 2022," it added.

KUALA LUMPUR: AirAsia Group Bhd's (AirAsia) 45 per cent owned subsidiary, Thai AirAsia Co Ltd's (Thai AirAsia) corporate and capital restructuring is seen to be positive for the low-cost carrier to raise capital via the capital market. MIDF Research analyst Ummar Fitri said the restructuring plan might be fruitful for AirAsia's subsidiaries tapping into capital markets to raise funds on their own despite the slight shareholding dilution. "AirAsia stakes in Thai AirAsia will be partially diluted to account for the bigger share base if the restructuring plans go through," he said in a research note today. The research house's estimation pegged the new shareholdings to be 43.1 per cent from the previous 45.0 per cent, a small decrease in shareholding. "We look upon the development favorably." The listed holding company of Thai Air Asia, Asia Aviation Public Ltd (AAV), had yesterday announced the resolutions on the restructuring plan for the former. In an exchange filing yesterday, AirAsia said AAV's board of directors had approved the resolutions of Thai AirAsia's corporate and capital restructuring plan involving a loan for a maximum amount of up to 3.15 billion baht (10 baht=RM1.31). The restructuring plans included an initial public offering (IPO) of Thai AirAsia (liquidation of AAV and directly become Thai AirAsia shareholders), conversion of debt to equity, and a loan from an investor in the form of a convertible bond and shares offering to AAV's current executive chairman. "We estimate the IPO proceeds potentially reached THB2.76 billion, or RM358.43 million with an additional convertible bond issued to be in the maximum amount of THB3.15 billion or RM409.5 million." Ummar said the estimation was derived by multiplying the indicative price per share of IPO at THB20.3925 with a new number of proposed shares to be issued. He said partial conversion of Thai AirAsia debts into shares (amounting not exceeding THB3.9 billion or RM507.0 million) will further aid the cash flow of the company. Without upliftment of travel restrictions, Ummar said aviation players will continue to incur deepening losses. "Partial upliftment is a positive for the sector, yet it will still be insufficient to carry the group to profitability." He said even with the removal of travel restrictions, the return of consumer confidence will likely having a lagging effect between current low passenger traffic to full recovery. "Therefore, reopening borders or at least easing of travel restrictions are key for the return of air passengers," he said. Ummar said there is a fair chance for the aviation industry will see similar or even lower passenger volumes, potentially turning this year of recovery into another washout year. "Given that Malaysian government target for 80 per cent inoculation by December 2021, the 70 per cent benchmark might only be feasible on the tail end of 2021," he added. MIDF Research has maintained its target price for AirAsia RM0.20 sen per share at this juncture while tracking the progress of the fundraising exercises. "We believe the recent share price might have overshot the valuation level that we deem fair for the company based on the current situation. "We are hopeful on aviation recovery but maintain level-headedness in assessing the viability of the recovery. We reiterate our Sell call on AirAsia." MIDF Research said the situation remains an uphill battle given that travel restrictions have not been fully lifted, although recovery for the aviation sector and air travel is expected to gradually take place in 2021.

KUALA LUMPUR: Fraser & Neave Holdings Bhd's (F&N) net profit in the first-half (1H) of the year ended March 31, 2021, rose 4.2 per cent to RM240.32 million from RM230.54 million recorded previously. In an exchange filing today, the food and beverage producer said higher earnings were fuelled by investment tax incentives at the Thailand subsidiary and offset by lower share of profit from an associate company.

KUCHING: In an announcement to Bursa Malaysia Securities, Borneo Oil Bhd (Bornoil) said its indirect wholly-owned subsidiary, Borneo Energy Sdn Bhd (BOE), has entered into a sale and purchase agreement with Gold Billion Global Limited (GBG) for the disposal of technology assets and intellectual property rights for a total consideration of USD5 million. In return, BOE would receive 166,666,667 new ordinary shares of Verde Resources Incorporated (Verde), a Nevada USA corporation listed on the OTCQB market. GBG is a wholly-owned subsidiary of Verde.

KUALA LUMPUR: Dagang NeXchange Bhd (DNeX), through a consortium formed between business unit PT DNeX Telco Indonesia (PT DTI) and PT Samudera Mbiantu Sesami (PT SMS), has signed an agreement with PT Infrastruktur Telekomunikasi Indonesia (TelkomInfra) to supply installation and maintenance support services of submarine cables in Indonesia. Under the agreement, DNeX-led consortium will provide the services to TelkomInfra for a duration of three years with an option to extend for a further three years.

KUALA LUMPUR (May 18): Maybank Kim Eng Securities Pte Ltd (Maybank Kim Eng Singapore) has appointed Aditya Laroia as its chief executive officer (CEO) effective immediately. In his new role, Laroia will be responsible for the overall securities and investment banking businesses in Singapore, as well as the execution of Maybank Kim Eng’s five-year plan, anchored by a sustainability-first approach to help clients leverage environmental, social and governance (ESG) opportunities that can generate alpha.

KUALA LUMPUR: Genting Property Sdn Bhd has marked its maiden property venture in Jakarta, Indonesia with the acquisition of 9.4 hectares there. Genting Property, through subsidiaries PT Genting Properti Nusantara and PT Genting Properti Cemerlang, has concluded

Originally Posted by redden, post: 0 https://i.postimg.cc/HnrFvF0j/rnl1B0o.jpg

KUALA LUMPUR: MTD Group has completed the construction of a £518 million One Crown Place in London's EC2. MTD, in a statement today, said the construction milestone was delivered ahead of schedule. It said following a successful construction phase, the mixed-use scheme on the fringes of the City of London had now been completed by MACE, a global construction and consultancy firm and main contractor for One Crown Place.

KUALA LUMPUR: Eversendai Corporation Bhd's wholly-owned Eversendai Offshore has loaded out the foundation jacket structure for the 700-megawatt high voltage alternating current offshore Beta topside platform for the Hollandse Kust (Zuid) Offshore wind farm in the Netherlands. The wind farm is developed by TenneT, a leading European electricity transmission system operator.

"In our property rental segment, revenue and net property income from the Malaysian and Japanese properties for the quarter ended March 31, 2021, remained relatively consistent with the previous quarter ended December 31, 2020," Yeoh said.

YTL HOTEL IN JAPAN https://www.ytlhotels.com/gb/resorts...lage-townhouse

Originally Posted by nazrey (Post 9283199) London's iconic Battersea Power Station redevelopment Developer: Sime Darby and SP Setia (Malaysia) https://s13.postimg.cc/t7vhm0zpj/200...res_040414.jpg http://www.archdaily.com/573751/big-...square/?afkadj https://pbs.twimg.com/media/Dustd9bWoAAZiui.jpg https://twitter.com/jasonhawkesphot/...03139483451393

He said the company recorded a strong sales performance of RM1.19 billion during the first quarter, of which 78 per cent was contributed by local projects and the remaining from international projects mainly from Daintree Residence in Singapore.

KUALA LUMPUR: Wah Seong Corp Bhd's (WSC) unit, Wasco Engineering International Ltd (WEIL) has secured a RM162.45 million contract from BW Energy Gabon S.A for the supply of oil and gas (O&G) processing and compression modules for a project in Gabon, Africa. In an exchange filing today, WSC said the contract's scope of work involves complete engineering, procurement, construction and installation of O&G processing and compression modules and skid units.

KUALA LUMPUR: Sime Darby Bhd's net profit more than doubled to RM300 million in the third quarter (Q3) ended March 31, 2021 from RM115 million registered in the same quarter last year. Group revenue jumped 30.8 per cent to RM11.02 billion from RM8.43 billion. In a statement today, Sime Darby said this was due to solid sales performance in Motors China, where pre-tax profit more than tripled to RM125 million with higher revenue and margins.

KUALA LUMPUR (June 9): Yinson Holdings Bhd has been selected by French oil and gas giant Total to perform preliminary front-end engineering design (pre-FEED) for two floating production storage and offloading (FPSO) projects to be installed in Angola and Suriname. The energy infrastructure and energy company said the Angola project would be installed at around 1,400m, located 160km from Luanda, while the Suriname project would be installed at about 2,000m, located 150km from Paramaribo.

KUALA LUMPUR (June 9): In a rare move, Genting Bhd made a one-time payment of US$10 million as part of the casino and hotel operator's nearly century-long rental of space above an Omni bus station north of downtown Miami within the US state of Florida, said Miami Today. It reported on June 8 that the one-time payment preceded planned construction of a 36-storey hotel and retail centre on Northeast 14th Terrace. "Genting, which spent about US$420 million to buy the former Omni mall across the street and the old Miami Herald site to the east, where it has sought to build a vast gambling resort, has a 90-year lease with Miami-Dade for the location, which includes a 25-year renewal option," Miami Today reported.

KUALA LUMPUR (June 8): Luster Industries Bhd’s indirect unit Glovconcept Sdn Bhd has received a 50% deposit payment of US$12.1 million (about RM50 million) from American Nitrile LLC for the initial six double former glove dipping lines. This marks the start of Glovconcept’s contract to provide engineering, procurement, construction and commissioning (EPCC) services for the Ohio-based company’s glove manufacturing plants in the United States. In a statement today, Luster said the deposit payment was received a month after Glovconcept, which is 60% owned by Luster’s 56%-owned subsidiary of Glovmaster Sdn Bhd, inked an agreement with American Nitrile to provide EPCC services as well as glove technology solutions for up to 12 glove production lines.