TELEKOM Malaysia Bhd (TM), the country's dominant phone company, plans to raise as much as RM1.4 billion from the sale of its staff loans and non-core assets, Morgan Stanley said in a report.
"The disposal of staff loans from the group's books could free up RM500 million, and the Multimedia University disposal could unlock another RM800 million to RM900 million," wrote Navin Killa and Gary Yu in the report after meeting the management last month.
Based on TM's 2007 annual report, its staff loans amounted to RM509 million, with a yearly interest of about four per cent.
"While management remains optimistic on the disposal of staff loans, the group is struggling to find a buyer for the university," the duo noted.
The non-core asset sale, if it does take place, will be the second time this year the company has sold assets to raise fresh capital.
In January, TM raised some RM1 billion by selling Mena-ra TM, Menara Celcom, TM Cyberjaya Complex and Wisma TM (Taman Desa) to Menara ABS Bhd.
TM will need between RM1 billion and RM1.5 billion a year to fund its high-speed broadband (HSBB) project.
A senior government official who spoke to Business Times on condition of anonymity said that the HSBB project is intact and an agreement is scheduled to be signed this month.
The agreement between TM and the government, which was earlier scheduled to be signed this week, was postponed.
News from BT Online
Showing posts with label fakta. Show all posts
Showing posts with label fakta. Show all posts
Peranakan
mintak maaf kawan-kawan.. seminggu sudah rasanya tak update blog. buat-buat bz mungkin? tuari aku janji nak cite pasal peranakan kan? tak ingat? xpe.. sila rujuk entry sebelum nie.. :)
Who are the Peranakans?
The word Peranakan was originally used in Indonesia for the descendants of immigrant Chinese who have forgotten their own language and integrated and adopted some local Malay custom, and practice intermarriage with the natives. Legend has it that this unique ethnic group could be traced back to the 15th century. China under the Ming Emperor traded far and wide. In an effort to strengthen ties with the rich and strategic port of Malacca, betrothed his daughter to the Malacca ruler. The princess and her entourage of about 500 formed the first permanent Chinese settlement in Malacca at Bukit China (or China Hill).
These early settlers married the local brides and gave rise to the first generation Peranakan, the male being known as 'Baba' and the female as 'Nyonya'. The descendants of these mixed marriages later married within their own community. As a result, Malay became the linqua franca of their offsprings.
However, the babas and nyonyas continued to practise the customs and traditions of their Chinese forefathers, while at the same time absorbed and assimilated some local way of life especially in the attires of the nyonyas and in food preparation.
btw.. sangat suka word 'Baba' ok? ;)
Who are the Peranakans?
The word Peranakan was originally used in Indonesia for the descendants of immigrant Chinese who have forgotten their own language and integrated and adopted some local Malay custom, and practice intermarriage with the natives. Legend has it that this unique ethnic group could be traced back to the 15th century. China under the Ming Emperor traded far and wide. In an effort to strengthen ties with the rich and strategic port of Malacca, betrothed his daughter to the Malacca ruler. The princess and her entourage of about 500 formed the first permanent Chinese settlement in Malacca at Bukit China (or China Hill).
These early settlers married the local brides and gave rise to the first generation Peranakan, the male being known as 'Baba' and the female as 'Nyonya'. The descendants of these mixed marriages later married within their own community. As a result, Malay became the linqua franca of their offsprings.
However, the babas and nyonyas continued to practise the customs and traditions of their Chinese forefathers, while at the same time absorbed and assimilated some local way of life especially in the attires of the nyonyas and in food preparation.
btw.. sangat suka word 'Baba' ok? ;)
Subscribe to:
Posts (Atom)