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 •  MRCB gets RM188.7mil contract to revive Pahang River
KUALA LUMPUR: Malaysian Resources Corp Bhd (MRCB) has bagged a RM188.7mil contract from the Irrigation and Drainage Department to rehabilitate Pahang River.
 •  AirAsia enters ground handling deal with PT Indonesia AirAsia Extra
KUALA LUMPUR: AirAsia Bhd, which currently provides ground handling services for PT Indonesia AirAsia, will extend the services to PT Indonesia AirAsia Extra (IAX), a 49:51 joint venture between AirAsia X Bhd and PT Kirana Anugerah Perkasa.
 •  Tropicana Corp unit to gain RM55.5mil from sale of Johor land
KUALA LUMPUR: Tropicana Corp Bhd’s indirect unit Tropicana Desa Mentari Sdn Bhd (TDM) is disposing freehold land with 251.59 acres of developable area in Gelang Patah, Johor, for RM569.87mil.
 •  Saudi-based development bank issues RM350mil sukuk in M’sia
KUALA LUMPUR: Saudi Arabia-based Islamic Development Bank (IsDB), whose shareholders comprise the 57 member countries of the Organisation of Islamic Cooperation, has issued a RM350mil Sukuk Wakalah via its special purpose vehicle, Tadamun Services Bhd.
 •  M’sia’s first ops centre for smart city services now ready
KUALA LUMPUR: The country’s first integrated operations centre (IOC) for Internet of Things (IoT) operations of smart city services has been set up by Inneonusa Sdn Bhd, a joint venture between Telekom Malaysia Bhd (TM), UEM Sunrise and Iskandar Investment Bhd.
 •  KLCI closes down nearly 8pt as Axiata, Genting slump
KUALA LUMPUR: Blue chips ended Friday on a weak note, dragged down by selling of Axiata, Genting and YTL following the weaker May exports and softer China manufacturing data, in contrast with the key Asian markets.
 •  Time dotCom CEO appointed CIMB Bank director
KUALA LUMPUR: Time dotCom Bhd director and chief executive officer Afzal Abdul Rahim has been appointed an independent director of CIMB Bank Bhd effective June 29.
 •  Bursa Securities reprimands and fines three dealers’ reps RM1.59mil
KUALA LUMPUR: Bursa Malaysia Securities Bhd has publicly reprimanded, fined and ordered to strike off three dealer’s representatives (DRs) for engaging in manipulative dealing activities in the securities of Rapid Synergy Bhd and YNH Property Bhd.
 •  Uber, Lyft settlement did not require either side to pay: sources
A pitched legal battle between ride-hailing rivals Uber and Lyft, involving accusations of hacking and corporate spying, ended with a settlement this week that did not require either company to pay money, according to sources familiar with the agreement.
 •  MISIF: Gas price hike will cost industry RM100mil more annually
KUALA LUMPUR: The Malaysian Iron and Steel Industry Federation (MISIF) has called on the Government to adopt a moratorium of any further increase in natural gas price for at least two years.
Updated: 69 minutes ago
 •  Mahindra two-wheelers bids for Peugeot Citroen's scooters
Automobile major Mahindra & Mahindra's two-wheeler subsidiary Tuesday said that it has made a binding offer to acquire a majority stake in PSA Peugeot Citroen's scooter business.
 •  Sensex trades in red; bank stocks down
Opening after an extended weekend holiday, a benchmark index of Indian equities markets Tuesday traded 108 points or 0.
 •  India offers $250 bn investment opportunity in infrastructure
India needs $250 billion in next 20 years for basic urban infrastructure and this offers huge investment opportunities to international investors, said country's Urban Development Minister M.
 •  SJVNL signs pact for Bhutan hydro project
The public sector Satluj Jal Vidyut Nigam Ltd (SJVNL) has signed an agreement for commissioning of the 600 MW Kholongchu Hydro Electric Project in Bhutan, whose foundation stone was laid by Prime Minister Narendra Modi, the company said Wednesday.
 •  Amazon has high expectations from India business: Jeff Bezos
Amazon has very high expectations from its Indian operations, Chief Executive Officer Jeff Bezos said here Wednesday.
 •  Sensex trades flat; banking stocks plunge
A benchmark index of Indian equities markets Wednesday was trading flat at 22.
 •  Diesel in over-recovery; retail prices exceed global rates
With the rates of the Indian basket of crude oil falling below $95 a barrel, the petroleum ministry Wednesday said losses on diesel sales had been wiped out with the government now looking at a profit of nearly two rupees a litre on the fuel sales.
 •  Ford India's sales dip in September
Passenger car manufacturer Ford India experienced a dip in its September sales as compared to the corresponding period of 2013, the company said Wednesday.
 •  Microsoft Devices launches new Lumia devices
Microsoft Devices Wednesday launched three new Windows smartphones - Lumia 830, Lumia 730 and Lumia 930, a top company official said here.
 •  Maruti Suzuki's September sales up
India's largest passenger car manufacturer Maruti Suzuki Wednesday reported a healthy sales growth of 4.
 •  Reliance Communications to reduce debt to under Rs.20,000 crore
Reliance Communications targets to bring its debt to under Rs.
 •  Maruti Suzuki recalls 69,555 vehicles
In one of the largest automobile repair and inspection exercises, passenger car major Maruti Suzuki Tuesday said that it has recalled 69,555 diesel Dzire, Swift and Ritz models, stating that it will proactively inspect and repair a wiring harness.
 •  Hero MotoCorp's August sales up 30 percent
Two-wheeler manufacturer Hero MotoCorp Tuesday reported sales growth of 30 percent in September by dispatching 600,000 units.
 •  Monetary policy will be inflation data-contingent: RBI
Given that inflation is expected to level at around 7 percent by 2016, the Reserve Bank's monetary policy going ahead will be contingent on relevant data coming in, RBI Governor Raghuram Rajan said Tuesday after announcing the central bank's fourth bi-monthly policy review.
 •  Eight core industries up 5.8 percent in August
Eight core industries such as coal, electricity, crude oil, cement and steel, grew at 5.
Updated: 911998 minutes ago
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