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Malaysia Closing Bell on 10 July | TM Was the Top Gainer of FBM KLCI
TM was the top gainer, rising 1.76 percent to close at RM 6.940. The top loser was AXIATA, losing 1.97 percent to end at RM 2.490.
Oil & Gas Sector To Be Impacted By GLoBE Rules Possibly Raising Costs For PCG, MISC, Yinson
The Global Anti-Base Erosion (GloBE) rules is an initiative of the OECD and G20, whose purpose is to impose a Global Minimum Tax (GMT) of 15% or more on the profits of Multinational Enterprises (MNE) to prevent them from shifting profits to low tax jurisdictions and deprive countries of their rightful tax revenues.
MISC-Bumi Armada Merger Too Difficult to Pull Off, Says UOB Kay Hian
A merger between MISC Bhd (KL:MISC) and Bumi Armada Bhd (KL:ARMADA) may be too difficult to pull off, UOB Kay Hian said on Wednesday, flagging potential stakeholder resistance and a lack of financial synergy.
MISC Says No Development For Disclosure Over Stake Buy In Bumi Armada
MISC has stated that there is 'no development within any opprtunity for disclosure' over news report that the shipping giant will be taking a stake in Bumi Armada.
Bumi Armada Climbs to Near Three Month High on MISC's Potential Stake Acquisition
Shares of Bumi Armada Bhd (KL:ARMADA) surged to a nearly three-month high on Tuesday, following news of a potential stake acquisition by MISC Bhd (KL:MISC) in the floating production storage and offloading (FPSO) company.
Bumi Armada Shares Jump After Report of Potential Stake Acquisition by MISC
By Ying Xian Wong Shares of Bumi Armada jumped after local media reported that energy-shipping business MISC could be considering acquiring a substantial stake in the company. Shares of the Malaysia-b
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