Trading of Mudajaya shares halted
PETALING JAYA: Trading of Mudajaya Group Bhd shares have been suspended from 9am Monday morning and will resume from 10am.
Chavez warns of US oil cutoff in Colombia dispute
CARACAS, Venezuela: President Hugo Chavez threatened on Sunday to cut off oil sales to the United States if Venezuela is attacked by its U.S.-allied neighbor Colombia in a dispute over allegations that Venezuela gives haven to Colombian rebels.
No layoffs planned in Air India restructuring
MUMBAI, India: Air India’s latest turnaround plan, presented to the board and unions Sunday, includes no staff cuts the very thing critics say is required to turn around India’s troubled national carrier.
Chinese miner goes from corporate star to villain
BEIJING: A month ago, Zijin Mining Group was a Chinese corporate star, a profitable gold and copper miner with ambitions to further expand abroad.
Japan said Monday exports rose for 7th straight month
TOKYO: Japan says its exports in June rose 27.7 percent from a year earlier.
S. Korea said Monday economy grew 1.5% in 2Q
SEOUL: South Korea’s central bank says economic growth slowed in the second quarter of 2010 despite gains in exports, manufacturing and capital outlays as construction and services weakened.
Tony Hayward leaving as BP CEO, US official says
KL market expected to build up this week
IT looks like the FTSE Bursa Malaysia KL Composite Index (FBM KLCI) may build up on last weeks momentum supported by positive external news.
Genting NY still in running for racino deal
KUALA LUMPUR: Genting Malaysia Bhd subsidiary Genting New York LLC is still in the running for the bid to develop and operate a video lottery facility at New York City’s Aqueduct Racetrack, sources said.
Do you know you are not a good customer if you pay debts on time? So …
I AM quite sure the bank that issues me my credit cards (just two) does not consider me a good customer.
RM20bil fund for high-impact projects
BACHOK: The Government has set up a special fund with an allocation of RM20bil to implement more than 50 high-impact projects on government-owned land under the 10th Malaysia Plan.
Mardec plans South-East Asia expansion
KUALA LUMPUR: Rubber processor Mardec Bhd plans to expand its overseas investments via new rubber processing plants and acquisition of rubber plantations in South-East Asia, said chief executive officer Khalid Bahsoon.
Get set for new accounting rules
THE International Accounting Standards Boards (IASB) new thinking on financial instruments accounting represents a big departure from the current FRS139/IAS39. Many entities may need to undertake another round of changes in systems and reporting to comply with the new IFRS9 requirements.
Social scientists for Score
LONDON: The Sarawak Corridor of Renewable Energy (Score) will not only need technical knowledge workers but also social science experts to look after the social implications of its development, says Sarawak Chief Minister Tan Sri Abdul Taib Mahmud.
This week Wall Street needs more good earnings report to keep up the rally
WALL Street enters this week on the cusp of a breakout in US stocks, but it will need another spate of convincing earnings reports to feed the rally that sprouted at the end of last week.
MSWG AGM/EGM weekly watch July 2630
The following are the AGMs/EGMs of companies which are in the monitoring list of the Minority Shareholder Watchdog Group for this week. The summary of points of interest are highlighted here, while the details of the questions to the companies can be obtained via MSWGs website at http://www.mswg.org.my.
Proton vendors back merger
KUALA LUMPUR: Merging Proton Holdings Bhd and Perusahaan Otomobil Kedua Sdn Bhd (Perodua) into a single entity will be a step forward to boost the Malaysian automotive industry, according to the Proton Vendors Association.
Pavilion KL launches sale carnival
KUALA LUMPUR: Pavilion Kuala Lumpur, a premier shopping destination, has launched its “Super Stylish Sale” for Malaysians and foreigners.
Euromoney names CIMB Malaysia’s best bank
KUALA LUMPUR: CIMB Bank and CIMB Investment Bank have been named Malaysia’s Best Bank and Malaysia’s Best Investment Bank respectively by Euromoney at the recent Euromoney Awards for Excellence 2010.
Focus shifts to EU banks that scrape stress tests
LONDON: So few banks failed Europe’s long-awaited stress tests last Friday that investors will likely focus instead on the dozen or so banks that just scraped through when markets reopen this week.
Toyota may post US$1b profit
TOKYO: Toyota Motor Corp is likely to have secured a group operating profit of about 100 billion yen (US$1.1bil) in April–June, thanks to solid sales and a sharp recovery from the previous year’s loss, the Nikkei business daily said yesterday.
Russia mulls over US$29bil assets sale
MOSCOW: Russia plans its biggest sell-off of state assets since early 1990s as it seeks to raise over US$29bil to plug budget gaps over the next three years, finance ministry sources said on Saturday.
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