Indian firms to sign MoUs in Penang
GEORGE TOWN: Some 12 memorandum of understandings (MoUs) that could generate over US$10mil in investments for Penang are expected to be signed soon by at least seven Indian companies with local businessmen.
Mixed views on possible retail credit bubble
PETALING JAYA: Amid the current healthy loan growth trend, there is concern that a retail credit bubble may just be in the making, according to some analysts.
Tips on how to get loans
EVERY year, the SMI Association of Malaysia receives complaints from its members about the difficulties of securing credit.
Interest rate hikes starting to help ringgit
WHEN Bank Negara raised interest rates for the third time this year earlier this month, expectations were that the ringgit would appreciate.
Adamus has 87% voting shares of M3nergy
PETALING JAYA: Adamus Avenue Sdn Bhd, which is seeing resistance from M3nergys board in its takeover attempt of the company, told Bursa Malaysia that it has received valid acceptances resulting in it holding 87.01% of the voting shares of M3nergy.
JCorp statement on RM3.6bil debts next month
PETALING JAYA: Johor state investment arm Johor Corp (JCorp) is slated to make an announcement on the full status of its RM3.58bil outstanding corporate debts next month.
Prudential UK eyes P&O takeover
PETALING JAYA: Prudential UK is believed to have submitted an application to Bank Negara to commence talks on the potential acquisition of local general insurance company, Pacific & Orient Bhd (P&O).
Doubt over Fotronics recoverability of trade receivables
KUALA LUMPUR: Messrs CroweHorwath, external auditors to data storage company Fotronics Corp Bhd, has expressed doubt over the recoverability of trade receivables totalling RM12.7mil due to the company, and are unable to ascertain the salvage value of machinery with a carrying value of RM1.9mil.
F&N names Ng as new CEO
PETALING JAYA: Fraser and Neave Holdings Bhd (F&N) has appointed Datuk Ng Jui Sia as the companys new chief executive officer.
MMHE cautions Govt may intervene in its ops
PETALING JAYA: Main Market-bound Malaysia Marine and Heavy Engineering Bhd (MMHE) has cautioned would-be investors of possible Government intervention in its business operations.
Deviation in Ngiu Kee results
PETALING JAYA: Ngiu Kee Corp (M) Bhd said in a filing with Bursa Malaysia that there is a deviation of 109% between the unaudited profit after taxation and minority interest for the year ended March 31, 2010 of RM2.48mil announced on May 26 and the audited loss after taxation and minority interest of RM5.93mil.
Time sells 1.27% more in TdC for RM18.9mil
PETALING JAYA: Time Engineer-ing Bhd has disposed of 32.2 million shares in Time dotCom Bhd (TdC), representing 1.27% of the issued and paid-up share capital of TdC, in the open market for RM18.9mil cash.
Malaysia-New Zealand FTA to come into effect Aug 1
KUALA LUMPUR: The Malaysia-New Zealand Free Trade Area Agreement will come into force on Aug 1 after 10 rounds of intense negotiations, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
Unisem Q2 profit doubles on improved sales
PETALING JAYA: Unisem (M) Bhd said its second quarter ended June 30 net profit doubled to RM48mil from RM23.9mil a year ago as sales surged 41% to RM359mil.
Landing a dream job
HAVE you ever wandered through the classified ads, and just when you thought youd found that job you had been looking for, you read the fine print, only to discover that youre lacking something oh-so trivial?
Battle for Parkway
IF Khazanah Nasional Bhd could turn back the clock, it would right up to March this year. US buyout firm TPG Capital, which was looking to exit Singapore-listed Parkway Holdings Ltd, had offered its 23.9% block to Khazanah. On hindsight wisdom, if the state investment arm had grabbed the chance, it could have saved itself a sweet S$400mil (RM935mil).
Parkways long history with Malaysia
YOU could call it a home-coming of sorts. Parkway Holdings Ltd, which will likely fall into the hands of Khazanah Nasional Bhd, was founded back in the 1970s by Malaysians.
Parkway an expensive investment with good potential
WITH Khazanah Nasional Bhd potentially forking out a whopping S$3.5bil (RM8.2bil) to acquire all the shares in Singapores Parkway Holdings Ltd they dont already own, is it getting its moneys worth?
Fortis continues to look for growth in the region
THE vehicle (Parkway) may have changed but not the vision, according to Malvinder Mohan Singh recently in an interview with Indias Business Standard newspaper.
Your 10 questions for Tan Sri Ramon Navaratnam
Featuring economist and former civil servant Tan Sri Ramon Navaratnam.
Up close and personal with Jim Rogers
SELF-MADE billionaire Jim Rogers is known by many names.
Players absorb costs to remain competitive
GEORGE TOWN: Despite the rising production costs due to higher raw material prices, branded consumer products manufacturers are absorbing the costs to remain competitive in the domestic and overseas markets.
CIMB holds talks with clients
CIMB is in talk with its private banking clients whose money is stuck in SJ Asset Management Sdn Bhd (SJAM), the company that had its licence revoked by the Securities Commission (SC) .
News in brief
Nazir: Decide quickly on NEM affirmative action
KUALA LUMPUR: The Govern-ment needs to decide quickly on the affirmative action under the New Economic Model (NEM) to erase the uncertainty among investors, said CIMB Group Holdings Bhd chief executive officer Datuk Seri Nazir Razak.
KL set to host major SME summit next month
MALAYSIAS largest gathering of small and medium-scale enterprises (SMEs) next month is expected to generate RM95mil in business for its participants compared with RM80mil last year, says Business Media International (BMI) executive director Jessy Leong.
Bosch powers on in Asia
WHEN the financial crisis came two years ago, Boschs Power Tools division remained steadfast to counter the crisis in Asia-Pacific.
Xingquan bullish about future demand
CHINA listings on Bursa Malaysia have disappointed a lot of investors with their weak performance.
10 ways of doing without FDI
A STIR of sorts has been caused by the story that foreign direct investment (FDI) into the country for 2009 fell 81% to US$1.4bil (about RM4.5bil) from US$7.3bil (RM24bil).
Corporate governance and doing it right
OF late, the issue of governance has been in the limelight. I have just returned from the Asian Shadow Financial Regulation Committee (ASFRC) meeting, held in conjunction with the Asian Financial Management Conference in Singapore.
Between the mountain and the deep blue sea
KOTA Kinabalu, more commonly known as KK, is a favorite vacation spot that my wife and I enjoy visiting.
Fortunes diverge for UK house prices and economy
LONDON: After marching to the same tune for the past decade, Britains property market and its economy are going separate ways, and further house price falls look likely into 2011 even if the recovery broadens.
Redeveloping Kampung Kerinchi
THE rapid development of Bangsar South City in Kampung Kerinchi by UOA Group is now changing the landscape of the area that used to be a slum with squatters.
Building homes for different budgets
THE rising cost of living, especially for city dwellers, mean they now have lower disposable income and may need to watch their spending even more closely.
By HAFIDZ MAHPAR.
Spencer Azizul on the mend
LIKE for many other advertising agencies, 2009 had been a painful year for Spencer Azizul Sdn Bhd. Its revenue plunged about 50%, and this wholly Malaysian-owned agency fell into the red for the first time since 1997.
Education campaign for GLCs needed
THE Association of Accredited Advertising Agents Malaysia (4As) should start a campaign to educate companies how to shortlist and choose their communications agencies, says Spencer Azizul Sdn Bhd executive director Michael Tang.
Bullish bias intact
REVIEW: News of General Electric raising its quarterly dividend by 20% delivered a shot of confidence to US investors, pushing the Dow up 102.32 points to 10,424.62. A spike in crude oil prices to above US$79 per barrel and the stress tests result, showing most European banks passed the examination also stoked appetite for risk.
Genuine advice froman economist
Review by Andrew Lee.
Compiled by THEAN LEE CHENG.
Report: Investor Li Lu could be successor to Buffett
NEW YORK: Li Lu, a Chinese American investor and hedge fund manager, could be in line to take a top investment role at Warren Buffetts Berkshire Hathaway and even succeed the legendary US investor, the Wall Street Journal reported on Thursday.
Samsung Electronics sees weak profit after record Q2
SEOUL: Samsung Electronics, the worlds No.1 memory chipmaker, warned of weaker margins and profit growth after posting record quarterly earnings, as prices of chips and flat screens drop and smartphone competition grows.
Kia Q2 profit beats analysts estimates
SEOUL: Kia Motors Corps quarterly net profit rose 61%, beating estimates as the No. 2 automaker in South Korea enjoyed brisk sales of newly launched models.
Li Ka-shing to buy EDFs UK grids for US$9.1bil
HONG KONG: Billionaire Li Ka-shing has offered to buy UK power grids from Frances EDF for £5.8bil (US$9.1bil) in the biggest single European acquisition by a North Asian group.