KUALA LUMPUR: Axiata Group posted net losses of RM147.41mil in the first quarter ended March 31, 2018 weighed down by the Indian telecommunications market and due to forex translation impact as the ringgit strengthened.
KUALA LUMPUR (May 21): Kenanga Investment Bank Bhd has gotten the greenlight from Bank Negara Malaysia to commence negotiation to buyout Inter-Pacific Securities Sdn Bhd’s stockbroking business.
In a filing with Bursa Malaysia this evening, the banking group said it has received a letter from Bank Negara. The central bank states no objection for it to commence negotiations with Inter-Pacific Securities on the proposed acquisition of the latter’s assets, liabilities, and contractual arrangements.
British oil giant BP Plc plans to cut 3 percent of jobs in its exploration and production as part of a restructuring of its upstream operations to make the division more efficient and flexible, The Financial Times reported on Tuesday.