China seeks to reduce Internet users’ anonymity
BEIJING: A leading Chinese Internet regulator has vowed to reduce anonymity in China’s portion of cyberspace, calling for requirements that people use their real names when buying a mobile phone or going online, according to a human rights group.
Trading of Kumpulan Jetson shares halted
PETALING JAYA: Trading of Kumpulan Jetson Bhd shares were halted from 9am and resumed trading at 10am today after announcing a director had retracted his resignation.
Asian markets rise in the morning
KUALA LUMPUR: Asian markets rose in tandem with Wall Streets overnight gain driven by strong earnings performances of US companies.
Singapore said Wed it expects GDP to grow 15% this year
SINGAPORE: Singapore expects its economy to soar 15 percent this year after surging manufacturing fueled a record expansion in the second quarter.
Intel posts biggest quarterly profit in a decade
SAN FRANCISCO: Intel Corp. has booked its largest quarterly net income in a decade as the chipmaker benefits from a stronger computer market and more sophisticated factories.
Oil prices climb on improving economic news
NEW YORK: Oil prices rose Tuesday as the global recovery got a boost on two fronts after weeks of mixed economic news.
US and global stocks up; Dow rises 146
NEW YORK: The stock market got a shot of confidence from the start of second-quarter earnings season.
EBay sued in US$3.8bil patent infringement case
PHILADELPHIA: Internet auction site EBay is being sued for $3.8 billion for allegedly infringing on patents held by XPRT Ventures LLC for its payment systems.
Consumer Reports claims latest iPhone has problems
EPF net income at RM19.63bil, declares 5.65% dividend
PETALING JAYA: The Employees Provident Fund (EPF) recorded a net income of RM19.63bil for the financial year ended Dec 31, 2009, its highest ever, declaring a dividend rate of 5.65% for the period.
Bursa has 45 firms under PN17 status
KUALA LUMPUR: There are now 45 companies listed on Bursa Malaysia that are classified under PN17 (Practice Note 17) or financially-troubled companies, Deputy Finance Minister Datuk Donald Lim Siang Chai said in Dewan Rakyat yesterday.
What is a PN17 company? Do you sell or buy its shares.
LATELY, a few companies defaulted in loan repayments and are now classified as PN17 companies. PN17 stands for Practice Note 17/2005 and is issued by Bursa Malaysia.
Protecting bondholders vital
THE landmark judgment handed by the High Court that the adviser and arranger of bonds are just as liable as the issuer for losses suffered by bondholders is significant in the development of the local bond market.
Ball in the court for Pesaka Astana and other defendants
PETALING JAYA: Now that the High Court has ruled in favour of bondholders in the suit brought against Pesaka Astana (M) Sdn Bhd as well as the arranger and trustee of the bond issuance, it is up to these three defendants how they want to respond to the judgment.
Minister warns of water supply crisis
PETALING JAYA: The water restructuring issue in Selangor should be not be muddled with the Langat 2 water treatment plant project as any delay in implementing the latter will result in a 13%-14% water deficit in three areas by 2014, said Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui.
Pengurusan Aset Air to sign deal with Perlis
PETALING JAYA: Notwithstanding the problems in the Selangor water restructuring sector, Pengurusan Aset Air Bhd (PAAB) will seal its deal with the Perlis government early next month, according to a source.
Splash risks facing huge financial dilemma
KUALA LUMPUR: If the deadlock in the plans to restructure the water sector in Selangor continues to hang on a thread with the various parties out to safeguard their widely divergent interests, then Syarikat Pengeluar Air Selangor Holdings Bhd (Splash) will face a huge financial dilemma.
Cagamas to issue new sukuk worth RM5b
KUALA LUMPUR: Cagamas Bhd aims to issue the first tranche of its newly launched Sukuk al-Amanah Li al-Istithmar (Sukuk ALIm) said to meet the most stringent syariah requirements including those of Middle Eastern investors worth some RM1bil in a months time.
LBS issues RM135mil sukuk to finance housing projects
PETALING JAYA: Property developer LBS Bina Group Bhd is issuing RM135mil sukuk to part-finance three projects in Malaysia, group managing director Datuk Lim Hock San said.
Nomura lists RM332mil sukuk on Bursa Malaysia
PETALING JAYA: Bursa Malaysia yesterday received its second foreign listing of US$100mil (RM332mil) sukuk in an issuance by Nomura Holdings Inc.
Nestle investing RM20mil to raise Kit Kat plant output
JOHOR BARU: Nestle (M) Bhd will invest RM20mil this and next year to increase the production capacity at its Kit Kat plant in Chembong, Negri Sembilan.
G Team’s offer to take over Maika turns unconditional
PETALING JAYA: G Team Resources & Holding Sdn Bhd’s offer to take over the scandal-ridden Maika Holdings Bhd turned unconditional yesterday, after having received acceptances of 67.64% or 84.55 million shares. Subsequently, G Team and parties acting in concert (PACs) with it also extended an unconditional takeover offer for Maika’s 74.16% subsidiary, Oriental Capital Assurance Bhd (OCA), at RM1.61 cash per share.
Seloga revises rights issue
PETALING JAYA: Seloga Holdings Bhd (SHB) has revised its proposed rights issue to comprise up to 49 million new 25 sen shares with up to 73.6 million detachable warrants at 25 sen per rights share, on the basis of two rights shares and three free warrants for every five shares held after the proposed capital restructuring.
Gek Poh to take Malaysian Mosaics private
PETALING JAYA: Malaysian Mosaics Bhd (MMB) has received a privatisation proposal from Gek Poh (Holdings) Sdn Bhd, the holding company and substantial shareholder of MMB, via a selective capital repayment exercise.
TNB expected to post higher Q3 results
PETALING JAYA: National power producer Tenaga Nasional Bhd (TNB) is expected to unveil yet another set of strong financial results for its third quarter (Q3) ended May 2010 today.
Bumper soybean reap may cap CPO rebound
PETALING JAYA: A bumper soybean harvest in South America may limit a recent rebound in crude palm oil (CPO) prices.
Scomi Marine may make capital repayment
KUALA LUMPUR: Scomi Marine Bhd may undertake a capital repayment exercise following the huge gains made from the disposal of its Indonesian coal shipping assets, which boosted its net cash to RM552mil.
Petra Energy gets new directors
PETALING JAYA: Integrated oil and gas brown field services provider Petra Energy Bhd has appointed three new directors Abdul Rahim Hamid, Ahmad Azra Salleh and Surya Hidayat Abdul Malik effective yesterday.
Tourism Minister: Success of tourism industry in hands of all
KUALA LUMPUR: Attracting more tourists to Malaysia requires industry players to be creative and innovative in providing niche products and services that cater for various markets, including the corporate sector.
KLCCP gets strong interest for Lot C project
PETALING JAYA: Despite the uncertainty in the global economy, interest in KLCC Property Holdings Bhds (KLCCP) Lot C project is strong.
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