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Telekom Malaysia's Shares Drop After Government Cuts Fiber Access Prices

Telekom Malaysia's Shares Drop After Government Cuts Fiber Access Prices
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

Foong Choong Chen , Dow Jones Company Inc , Malaysian Communications , Investment Bank , Multimedia Commission On Feb , Ying Xian Wong , Telekom Malaysia , Multimedia Commission , Mandatory Standard , Access Pricing , Jeffrey Tan , Sherman Lam Hsien Jin , Dow Jones ,

Genting Malaysia's costly foray into Empire

THE stakes are getting higher for Genting Malaysia Bhd (GenM) following its foray into Empire Resort Inc in the US. The company has invested US$624.4 million (RM2.74 billion) in its 49%-owned Empire over the last four years. GenM’s latest exercise announced last week will see it invest another US$100 million in convertible preferred stocks issued by Empire. With the latest investment, its stake in Empire will increase to 76.3% if the convertible instruments are not redeemed. The New York-based gaming company has until 2030 to redeem the convertibles. ....

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Telekom Malaysia Rises After Stronger First-Quarter Results

Telekom Malaysia Rises After Stronger First-Quarter Results
morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.

Foong Choong Chen , Chester Tay , Telekom Malaysia , Dow Jones Company Inc , Dow Jones ,

MyDIGITAL's benefits broad-based, but won't be immediately felt


LAST week, scores of technology-related companies saw their share prices climbing ahead of Prime Minister Tan Sri Muhyiddin Yassin’s announcement of the MyDIGITAL blueprint on Friday.
Digital services and solution providers such as Revenue Group Bhd, Dataprep Holdings Bhd, GHL Systems Bhd, Dagang NeXchange Bhd, Censof Holdings Bhd and ManagePay Systems Bhd were among the top gainers, along with two obvious winners Telekom Malaysia Bhd (TM) and AwanBiru Technology Bhd.
Prestariang Systems Sdn Bhd, a unit of AwanBiru formerly known as Prestariang Bhd has been appointed a managed service provider (MSP) to manage cloud services for the government.
TM, on the other hand, has received conditional approval to provide services to the government for the migration of 80% of public data into the hybrid cloud system by end-2022. This is expected to translate into lower government cost in information technology management and better efficiency in the collection and manageme ....

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