Saturday, 15 August 2015

Gamuda BHD

Gamuda Bhd has been appointed as the Project Delivery Partner (PDP) to oversee and realise certain key components in the RM27bn Penang Transport Master Plan (PTMP). Sources told StarBiz that the group has recently received the letter of award from the state government following a state executive councillor meeting, which endorsed the appointment. It is learnt that Gamuda has formed a company with two local firms to implement the PTMP project. (The Star)
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Iskandar Malaysia

Plans are in the pipeline to turn Iskandar Malaysia into a regional theme park hub with more theme parks to be set up in the economic growth corridor. Iskandar Regional Development Authority (Irda) chief executive officer Datuk Ismail Ibrahim said the growth corridor would have eight theme parks within the next three to five years. Talks were going on between Irda and theme park operators from Australia, Indonesia, Japan, Europe and North America to set up their theme parks in Iskandar Malaysia. (The Star)
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Media Prima

For its cumulative 1HFY15, Media Prima’s net profit was largely flat at RM62.8mn compared with RM62.9mn in 1HFY14. 1HFY15 revenue, however, declined 6.4% YoY to RM695.2mn from RM742.7mn previously, due to sluggish advertising spending and laclustre macroeconomic sentiment. It also announced the resignation of its chairman Tan Sri Johan Jaffar, effective Aug 31. (The Edge)
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Wednesday, 12 August 2015

MBSB

Malaysia Building Society Bhd (MBSB) saw its net profit for the second financial quarter ended June 30, 2015 (2QFY15) plunge 63% to RM85.6mn due to higher allowances for impairment losses on loans, advances and financing. The higher impairment losses recorded is in line with the continuation of the impairment programme initiated by the group in the fourth quarter of the previous year. (Bursa Malaysia / The Edge)

Monday, 10 August 2015

IHH Healthcare

IHH Healthcare Bhd clarified it was in talks with “certain shareholders” of the India-based Ravidranath GE Medical Associates Private Ltd — the holding company of Global Hospitals Group — for a potential acquisition. As such, it has yet to enter into any share purchase agreement or such definitive agreements with any of the shareholders in that regard, said IHH Healthcare in its filing on Bursa Malaysia. (Bursa Malaysia / The Edge)
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