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Update 1-malaysia's Axiata Flags Other Deals, Tower Unit Ipo After Telenor Letdown
Posted on: Sept. 6, 2019, 3:01 p.m.
* In talks with others on consolidation in the industry (Adds details, quotes from conference call): KUALA LUMPUR, Sept 6 (Reuters) - Malaysia’s Axiata Group is discussing deals with other parties and considering an initial public offering of its tower business, executives said after announcing the collapse of a planned Asian telecoms deal with Norway’s Telenor. The Telenor deal fell through four months after the firms said they planned to create a joint venture with nearly 300 million customers across … Full investment news article
Relevent to this post: Khazanah Nasional Berhad
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Forex Reserves Fall By $446 Mn To $428.6 Bn
Posted on: Sept. 6, 2019, 3:01 p.m.
The reserves had touched a life-time high of $430.572 billion in August this year. : The country's foreign exchange reserves fell by $446 million to $428.604 billion in the week to August 30, mainly on account of a drop in foreign currency assets, RBI data showed on Friday. In the previous week, the reserves declined by a steep $1.45 billion to $429.050 billion. In the week to August 30, foreign currency assets, a major component of overall reserves, declined by … Full investment news article
Relevent to this post:
International Monetary Fund,