By Mars Woo
Calbee’s exit comes as the Philippine joint venture continues to post losses since its establishment in 2014.
It was previously reported that Khazanah’s new board is in discussions to explore a change in its investment mandate.
Nestle (Malaysia) Bhd current CEO Alois Hofbauer will depart the company on November 30 to pursue other interests and he will be replaced by Juan Aranols on December 1.
Malaysia’s biggest wireless carrier received an offer from Singapore Press Holdings Ltd and Keppel Corp to buy out its stake in M1 Ltd.
Grab sees strategic partnerships as a key part of its strategy to build new business areas and deepen existing ones.
Grab Malaysia has announced its partnership with Khazanah-owned UEM Sunrise Bhd to drive cashless transactions at properties owned by the developer.
The participation of GDex companies in SAP Express’ IPO will enable it to tap into the express delivery industry in Indonesia.
Malayan Banking Bhd has promoted two insiders to top positions in its investment banking arm Maybank Kim Eng Group.
Chief executive Jamaludin Bujang maintained that all of MAVCAP’s funds are generating positive returns.
Hong Leong Group will acquire Manuka Health from Australian PE Pacific Equity Partners for $144 million.