TM in talks with 20 developers for HSBB deal
Telekom Malaysia (TM) is in negotiation with 20 property developers to deliver its high-speed broadband (HSBB) infrastructure services to new property projects, riding on the slew of real estate projects in the pipeline. TM SME executive VP Azizi A Hadi said TM was focusing on urban centres such as the Klang Valley, Penang, Johor to grow the take-up of its HSBB offerings for residential, commercial and office buildings. Last year, TM signed 11 agreements with property developers nationwide for the provision of HSBB services in new projects. (Financial Daily)
Bina Puri bags RM864m Pakistan highway contract
Bina Puri Holdings has secured its much awaited Pakistan highway concession contract. The project, worth INR24.93bn (RM864m), is for the construction of the Karachi-Hyderabad Motorway in Pakistan, after which it will hold the concession for 28 years. Bina Puri said its wholly-owned subsidiary, Bina Puri Pakistan Ltd, signed a concession agreement with National Highway Authority of Pakistan on Monday for the construction of the 136km motorway. The conversion of the existing four-lane Karachi-Hyderabad superhighway into a six-lane motorway will be on a build-operate-transfer basis. (Financial Daily)
Axiata in talks to acquire Goldman-backed Tikona
Axiata Group, Malaysia’s largest mobile-phone operator by market value, is in talks to buy a stake in India’s Tikona Digital Networks, said three people with knowledge of the matter. Axiata is holding discussions with Mumbai-based Tikona’s owners – Goldman Sachs Group, Oak Investment Partners and Everstone Capital Advisors – said two of the people, who declined to be identified because the talks are private. The three firms together control 71% of Tikona, according to the Indian company. A deal may involve Tikona selling new shares to Axiata, one person said. (Malaysian Reserve)
Prestariang clinches RM14m govt ICT contract
Prestariang’s unit Prestariang Systems SB has been awarded an RM14m contract for its 1Citizen Programme, which offers the globally-recognized IC Citizen certification. The ICT service provider said it accepted a letter of award from the Ministry of Information, Communication and Culture (KPKK) and expects to roll out the programme from 1 Jan 2012 to 31 Dec 2013. (Malaysian Reserve)
AmBank collaborates with ANZ in regional expansion
AmBank (AMMB) and Australia and New Zealand Banking Group (ANZ) yesterday signed a business principles agreement to work with each other and with their respective subsidiaries in areas of banking business across 27 countries, including Australia, China, Indonesia, Singapore and Vietnam. AMMB group MD Cheah Tek Kuang said the move will enable the bank to leverage the synergies of a regional distribution platform and respective areas of expertise. (Malaysian Reserve)
MBSB shrugs off takeover talk
Malaysian Building Society (MBSB)’s chief shrugged off talk that it may be a takeover target, saying it was an issue best left to its key shareholder. MBSB is a non-bank financial institution which is 65.5% owned by EPF. The market has often speculated that the EPF, which also owns 44.8% in banking group RHB Capital, may eventually look to merge MBSB with RHBCap or other banking rivals. (BT)
Petronas awards 2 deepwater blocks
Petronas awarded two deepwater exploration blocks on Sabah’s offshore to partnerships between JX Nippon, INPEX Corp and Petronas Carigali SB under separate production sharing contracts (PSC). It said in the statement that the PSC for deepwater block R was awarded to the partnership of JX Nippon Oil & Gas Exploration Ltd, which acts as the operator (37.5%), INPEX Offshore South West Sabah Ltd (37.5%) and Petronas Carigali SB (25%). (StarBiz)
High rise building under construction near KL Sentral catches fire
A building under construction near KL Sentral caught fire about 4am today, resulting in roads leading to KL Sentral and Jalan Brickfields being closed to all traffic. The fire started on the top few floors of the building and the inferno could be seen from a few kilometres away. A Fire and Rescue Department spokesman said the fire started on the 29th floor of the building. "Ten fire engines and 72 personnel were rushed to the scene after we received a distress call at 3.55am," he said. As at 7.30am, the fire-fighters were still fighting the blaze. (StarBiz)
No comments:
Post a Comment