CORPORATE

Petronas Announce Agreement on Prince Court Medical Centre

 |  Friday, 23 March 2018 17:25  |  Published in CORPORATE

Petronas, via its wholly owned subsidiary Petronas Hartabina Sdn. Bhd. signed a Share Sale and Purchase Agreement (SPA) for the sale of Petronas’ 100% interest in Prince Court Medical Centre (PCMC) to Khazanah Nasional Berhad, via its wholly owned subsidiary Pulau Memutik Ventures Sdn. Bhd.

“Petronas is pleased to witness PCMC’s recent transformation in becoming a self-sustaining and profitable organisation with strengthened financials and solid operational foundation. 

ICAEW predicts Malaysia’s GDP to grow by 5.2% in 2018

 |  Thursday, 22 March 2018 16:50  |  Published in CORPORATE

The Institute of Chartered Accountants in England and Wales (ICAEW) expects Malaysia’s gross domestic product (GDP) to rose at 5.2 per cent in 2018, easing slightly from a 5.9 per cent close in 2017 on the back of slightly tighter credit conditions and moderation in export growth. 

Institute of Chartered Accountants in England and Wales (ICAEW) Economic Advisor and Oxford Economics Lead Asia Economist Sian Fenner said he 2018 outlook will be determined more by the health of Malaysia’s import partners and global trade dynamics.

Columbia Asia Receives Additional Equity Investment of Usd210 Million

 |  Thursday, 22 March 2018 16:47  |  Published in CORPORATE

Columbia Asia Group, one of the largest and fastest growing healthcare companies in Asia, today announced that it has received additional equity investment of USD210 million, primarily from existing shareholders. 

The fresh funds will be used primarily to build new hospitals and deepen the level of specialty care in existing facilities.


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