So, I’ve got a joke for you. A man walks into a bank and asks the manager “Can I have a mortgage?” The bank manager says “sure!”, but then changes his mind upon discovering the man owes hundreds of thousands of pounds to a variety of creditors — loans, credit cards, phone contracts, you name it. Someone had stolen his identity, and used it to go on a massive spending spree. The man then loses his house, his job, and has to move in with his parents. He spends the following two years trying to clear his name (and his… This story continues at The Next Web
KUALA LUMPUR (Aug 16): Axiata Group Bhd will recognise an impairment of RM3.33 billion in the carrying value of its investment in Idea Cellular Ltd, which is now part of India’s largest telecom company, Vodafone Idea Ltd.
The RM3.33 billion write-down is expected to have a material impact on the group's earnings, earnings per share, net assets (NA) per share and gearing for the financial year ending Dec 31, 2018 (FY18).
KUALA LUMPUR: While Maybank Investment Bank Research is encouraged that Astro Malaysia Bhd is evolving with the times, it is unsure how well Ultra High Definition (UHD) content will be taken up, given the competitive operating environment.