Port operator NCB gets nod from govt to extend lease
Port operator NCB Holdings yesterday announced the government has approved the application to extend its privatized port services lease for another 30 and 21 years at Northport and SouthPoint respectively. The government has agreed in principle to the extension of the concession, subject to further negotiation and subsequent agreement on the terms and conditions with the Public-Private Partnership Unit of the Prime Minister’s Department, NCB said in a filing to the exchange yesterday. (Malaysian Reserve)
UMW seals RM94.3m deal with Pet Carigali in Iraq
UMW Holdings’ 60% owned subsidiary, Synergistic Generation SB (SGSB), has sealed a USD29.7m (RM94.3m) contract with Petronas Carigali Iraq Holdings BV on 19 Dec. UMW said the contract involves the procurement of materials and equipment and installation and commissioning of all equipment and facilities by SGSB for the setting up for the Garraf Power Plant Phase 1 for the Garraf Field in Iraq. (Malaysian Reserve)
Astro launches M’sia’s 1st free satellite TV
Astro has launched Malaysia’s first free satellite television, NJOI, as part of its aspiration to make lifelong learning, information, entertainment, including sports, available to Malaysians for free. Its CEO, Datuk Rohana Rozhan, said Astro would introduce NJOI in three phases. She added that NJOI’s customers could enjoy 37 TV and radio services. (Malaysian Reserve)
Boustead to take unit private?
Boustead Holdings is considering taking its unit Boustead Heavy Industries Corp (BHIC) private, driven largely by the latter’s seemingly cheap valuations especially in light of the recent RM9bn vessel contract it has been awarded, reliable sources said. Last week, BHIC’s associate Boustead Naval Shipyard SB was awarded a RM9bn contract from the Defence Ministry to design, build and deliver six second-generation patrol vessels or Littoral combat ships (frigate class). (StarBiz)
MAHB, partner in Maldives venture
MAHB and partner GMR Group aim to develop the Ibrahim Nasir International Airport (INIA) in Maldives into a global standard airport by 2014. MAHB said both parties were involved in managing and developing three other airports internationally, including INIA. (StarBiz)
Felda said mulling bid for KFC, QSR
Felda is said to be among those considering to bid for KFC Holdings and QSR Brands should Johor Corporation (JCorp) make available its stakes, an industry source said yesterday. However, Felda has yet to table the offer and planned to discuss with JCorp regarding the proposal, the source said, in response to recent JCorp's move to acquire the entire assets and liabilities of the two entities via a joint venture with a private equity fund, CVC Capital Partners Asia Pacific (CVC). (BT)
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