Bursa Malaysia Bhd
(RM6.17/share)
Offers CDS
Straight-Through Processing facility
Bursa Malaysia Bhd has introduced the CDS Straight-Through
Processing (CDSSTP) facility for its market participants to better manage
transactions performed by Central Depository System (CDS) account holders. With
the rolling-out of the first phase of the CDS-STP service yesterday,
subscribing brokers will be able to receive regular updates of their clients’
CDS account balances. This will enable clients, especially those who trade
through the internet, to keep abreast of their updated CDS account balances,
thus minimising the risk of overselling their positions. Subscribing brokers
will need to obtain their clients’ written consent to receive CDS account
balances from Bursa Malaysia under this phase. Additionally, under this phase
market participants will be provided with information on all securities listed
on Bursa Malaysia. – StarBiz
AirAsia Bhd
(RM3.68/share)
Aireen to pilot
AirAsia Malaysia
AirAsia Bhd yesterday appointed Aireen Omar to head its
Malaysian operations asthe founder of Asia’s largest budget carrier, Tan Sri
Tony Fernandes, moves to Indonesia to focus on regional expansion plans. Prior
to the appointment, Aireen was AirAsia’s regional head of corporate finance and
treasury. Aireen said she intended to maintain and grow AirAsia’s current 60% domestic
and 40% international market shares. She
added that the main challenges facing her would include maintaining market
leadership, cost discipline and increasing revenue. – Business Times
Telekom Malaysia
Bhd (RM5.50/share)
To woo more
developers
Telekom Malaysia Bhd (TM) wants to work with more housing
developers to provide its UniFi broadband service. TM state general manager
Ramlan Omar said the group had been working with several developers in Johor,
Penang and the Klang Valley to install the service at their property projects. He
added that they started working with developers to include TM’s UniFi service
in their properties for the last two to three years and have probably worked
with around 15 developers to date. – Business Times
Tenaga Nasional
Bhd (RM6.49/share)
Signs MoU with
Indonesia’s utility company
Tenaga Nasional Bhd (TNB) has inked a memorandum of
understanding with PT PLN, the Indonesian state owned utility company, and PT
Bukit Asam, a company primarily involved in coal mining and a holder of the
Production Operation Mining Permit in Indonesia. In an announcement to Bursa
Malaysia, TNB said the agreement will facilitate cross border
electricity-exchange to benefit the two countries. The agreement also covers the
construction of a 275KV interconnection line from Telok Gong in Melaka to Garuda
Sakti in Sumatera, Indonesia. It includes the development and construction of a
mine mouth coal fired power plant in Peranap, Pekanbaru, Sumatera, Indonesia. -
Bernama
Source: AmeSecurities
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