Sugar subsidy hike seen negative for MSM
PETALING JAYA: CIMB Research expects the recent sugar subsidy hike to have a negative impact on Felda’s sugar unit, MSM Malaysia Holdings Bhd……
Chip sector set for strong rebound in H2
PETALING JAYA: The semiconductor industry is expected to bounce back in the second quarter of the year, and the rebound is expected to be even stronger in the second half……
Hiap Huat issues prospectus for ACE Market listing
PETALING JAYA: Hiap Huat Holdings Sdn Bhd has submitted a draft prospectus exposure to the Securities Commission (SC) for its flotation on Bursa Malaysia’s ACE Market……
RM650mil Hunza projects
GEORGE TOWN: Hunza Properties Bhd is launching about RM650mil of residential properties in Kepala Batas in Seberang Prai and Tanjung Bungah on Penang island this year……
KNM buying 22.3ha land in England for RM120mil
PETALING JAYA: KNM Group Bhd has proposed to buy a 22.3ha land in England worth £25mil (RM120mil) and one ordinary share in Poplar Investments Ltd (PIL), which is unencumbered……
ACE Market-bound RapidCloud to offer 77.8 million shares in IPO
PETALING JAYA: RapidCloud Asia Bhd, en route to a listing on the ACE Market, plans to offer 77.789 million shares under its proposed initial public offering (IPO)……
Hibiscus gets UMA query from Bursa
KUALA LUMPUR: Bursa Malaysia Securities Bhd has issued an unusual market activity (UMA) query to Hibiscus Petroleum Bhd due to the sharp increase in its share price……
Sime unit buys Indonesian firm
KUALA LUMPUR: Sime Darby Bhd, through its indirect wholly-owned subsidiary PT Minamas Gemilang, has acquired 95% of PT Indo Sukses Lestari Makmur US$4.356mil (RM13.52mil) cash……
Golden Frontier shares suspended
PETALING JAYA: Trading in the shares of Golden Frontier Bhd, a Penang-based corrugated packaging specialist, has been suspended till 5pm tomorrow……
Can-One completes Kian Joo stake buy
PETALING JAYA: Can-One Bhd has completed its acquisition of a 32.9% stake in Kian Joo Can Factory Bhd for a cash consideration of RM241.12mil……
Change or be changed
By JAGDEV SINGH SIDHU……
Doubt over Japans debts
TOKYO: Japan first annual trade deficit in more than 30 years calls into question how much longer the country can rely on exports to help finance a huge public debt without having to turn to fickle foreign investors……
Britain heads for recession as GDP falls in Q4
LONDON: Britains economy edged closer to recession in the last three months of 2011 after output contracted for the first time in a year, official data showed……
Fed may keep rates unchanged
WASHINGTON: The US Federal Reserve looks set to keep monetary policy on hold, even as it releases forecasts expected to show interest rates will be near zero for at least two more years. …..
IMF chief: Combining funds boosts confidence
PARIS: International Monetary Fund (IMF) managing director Christine Lagarde said that combining the European Unions temporary European Financial Stability Facility (EFSF) rescue fund with its permanent European Stability Mechanism (ESM) would help …..
New CEO: Yahoo needs to do better
SAN FRANCISCO: Yahoo Inc chief executive Scott Thompson says reviving the companys flagging display advertising business was his highest priority, even as he crafts a broader plan to bring the struggling Internet company back to fighting form……
Singapore inflation up 5.5% in December
SINGAPORE: Singapores inflation rose 5.5% in December from a year ago, the Statistics Department said, in line with the consensus forecast of economists polled by Reuters ……
Apple revenue surges, blows away targets
SAN FRANCISCO: Apple Incs quarterly results blew past Wall Streets expectations after US consumers snapped up near-unprecedented numbers of iPhones and iPads, sending its shares up 8% into record territory……
Roche offers US$5.7bil to buy gene firm Illumina
BASEL: Roche Holding AG is offering US$5.7bil in cash to buy US gene sequencing company Illumina Inc in a hostile takeover bid that marks a major play by the Swiss drugmaker into the gene technology field……
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