23-07-2008: Guan Eng: Road signs put up too early, must go
by Regina William,
23 Jul 2008 3:58 PM
PENANG: Road signs in Chinese that were put up in several city streets this week will be removed because they are unauthorised. Gerakan Youth members who had erected the signs on Monday will be sent notices by the Penang Island Municipal Council (MPPP), said Chief Minister Lim Guan Eng yesterday.
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23-07-2008: Kedah wants to make KHTP a photovoltaic hub
23 Jul 2008 3:51 PM
KULIM: The Kedah state government is keen to turn the Kulim Hi Tech Park (KHTP) into a hub for solar photovoltaic industry following the RM2.2 billion investment by US-based First Solar Inc which will provide 2,000 jobs for Malaysians when fully operational at end-2009.
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23-07-2008: Gerakan’s Ong calls state govt a copycat over Koid’s questions
23 Jul 2008 3:42 PM
PENANG: Did a Pakatan Rakyat (PR) state assemblyman lift a page from a government representative’s questions in the previous state assembly? Former Datuk Keramat state assemblyman Ong Thean Lye of Gerakan told a press conference at the state legislative assembly sitting yesterday that DAP’s Sungai Pinang state assemblyman Koid Teng Guan had reproduced verbatim three questions that Ong had raised during the November 2007 sitting of the legislative assembly.
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23-07-2008: Pharmaniaga says no word on any merger
by Sharmila Ganapathy,
23 Jul 2008 2:40 PM
SUBANG JAYA: Local pharmaceutical player Pharmaniaga Bhd has not received word on any possible merger or acquisition involving the company and Chemical Company of Malaysia Bhd (CCM).
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23-07-2008: Global Carriers to add new vessel for RM63m
by Yantoultra Ngui Yichen,
23 Jul 2008 2:43 PM
KUALA LUMPUR: Global Carriers Bhd’s wholly owned Budisukma Cekap Sdn Bhd has entered into a shipbuilding contract with Ningbo Shipyard Co Ltd to construct one 10,000 deadweight tonnes double-hull product oil tanker for RM63.38 million cash as part of its aim to expand its fleet size and market share.
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23-07-2008: Genetec’s 1Q09 net income rises to RM4.3m
23 Jul 2008 2:45 PM
KUALA LUMPUR: Genetec Technology Bhd’s net income for its first quarter ended June 30, 2008 (1QFY09) jumped 332.7% to RM4.3 million from RM1 million a year earlier, mainly due to the inclusion of a RM2.7 million government grant being the reimbursement for spending on research and development, and training.
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23-07-2008: Toplink sees big contribution to group
23 Jul 2008 2:53 PM
KUALA LUMPUR: Business process outsourcing (BPO) provider, Toplink Advisory and Management Services Sdn Bhd, expects to contribute between 10% and 15% to Time Engineering Bhd’s group revenue in five years.
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23-07-2008: Nokia to plant trees for old phones
by Jonathan Lim,
23 Jul 2008 3:05 PM
KUALA LUMPUR: Nokia Malaysia will plant a tree for every old mobile phone recycled at its new “Integrated Nokia Kiosk”, the first initiative worldwide that combines recycling and care services into a booth.
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23-07-2008: Do share buybacks matter?
Report by CLSA,
23 Jul 2008 3:30 PM
Analysts frequently argue that share buybacks provide a form of share price support and serve as a leading indicator of value as company share buyback activity is interpreted as ‘insider’ buying and as signs of management’s belief that the stock is undervalued. In this report, we examine the veracity of this thesis within the Malaysian context for the stocks under our coverage. About 36% of the stocks, by market capitalisation, under CLSA Malaysia’s stock universe have a share buyback programme in place.
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23-07-2008: Penang govt gets an earful
23 Jul 2008 3:15 PM
PENANG: The Pakatan Rakyat-led (PR) state government was harangued by a Barisan Nasional (BN) state assemblyman yesterday in a marathon lecture peppered with accusations of bad governance, wrong priorities and poor decorum in the House.
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23-07-2008: KLCI up 19 pts as crude oil prices ease
By Surin Murugiah,
23 Jul 2008 12:50 PM
PETALING JAYA: The Kuala Lumpur Composite Index (KLCI) rose 1.75% or 19.39 points to 1,128.96 at the end of the morning trading session, in line with gains at Asian markets amid sliding crude oil prices.
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23-07-2008: KLCI up 13.5 pts in mid-morning trade
By Surin Murugiah,
23 Jul 2008 10:24 AM
PETALING JAYA: The Kuala Lumpur Composite Index (KLCI) rose 13.5 points to 1,123.07 at 10am, led by gains at key blue chips including DiGi.Com Bhd and finance counters, in line with advances made at key regional markets after Wall Street closed higher overnight.
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23-07-2008: Oil near six-week low on demand woes
23 Jul 2008 9:48 AM
SINGAPORE: Oil prices held near a six-week low on Wednesday, as worries increased over dwindling US demand at the same time as fears eased Hurricane Dolly would deal a major blow to oil and gas supply.
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22-07-2008: Shake-up in T’ganu listed firms
by Sharon Tan,
22 Jul 2008 11:22 AM
PETALING JAYA: The Terengganu state government is expected to revamp the boards of its listed companies, a move that will see the appointment of nominees aligned to new Menteri Besar Datuk Ahmad Said and also the state royalty.
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23-07-2008: Consumer stocks shine
by Surin Murugiah & Jose Barrock,
23 Jul 2008 10:38 AM
PETALING JAYA: Amidst the gloom and doom, consumer stocks continued to live up to their billing as among those with the best returns — either via cash payouts or dividends — as two companies in the sector rewarded their shareholders yesterday.
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23-07-2008: No end yet to Oilcorp’s accounting issue
by Doreen Leong,
23 Jul 2008 10:42 AM
KUALA LUMPUR: Oilcorp Bhd seems to be caught in a rut. The removal of its external auditor Baker Tilly Monteiro Heng (BTMH) at Monday’s EGM did not end the accounting issue that may possibly put the company under Practice Note 17 (PN 17).
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23-07-2008: The problem with Proton is... quality and price don’t match
Commentary by Surin Murugiah,
23 Jul 2008 11:00 AM
 KUALA LUMPUR: Just how much more backing does Proton Holdings Bhd need from the government? The statement by no less than Deputy Prime Minister Datuk Seri Najib Razak that all senior ministry officials and state government excos must use the national car must have come as a relief to Proton.
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23-07-2008: Liqua Health served writ of summons
23 Jul 2008 11:16 AM
KUALA LUMPUR: Liqua Health Corporation Bhd and its subsidiary Liqua Health Marketing (M) Sdn Bhd have been served with a writ of summons by Wynsum Healthy Living Sdn Bhd for specific damages totalling RM389.15 million.
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23-07-2008: Maybank gets approvals in Indonesia
23 Jul 2008 11:18 AM
KUALA LUMPUR: Malayan Banking Bhd (Maybank) will offer to buy the remaining shares of PT Bank Internasional Indonesia (BII) after getting approval for its US$2.7 billion (RM8.83 billion) acquisition from Indonesia’s central bank.
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23-07-2008: Reserves fall to RM409b
23 Jul 2008 11:22 AM
KUALA LUMPUR: The country’s international reserves as at July 15, 2008 fell 0.6% to US$125.1 billion (RM408.8 billion) from US$125.8 billion (RM410.9 billion) on June 30, 2008, according to Bank Negara Malaysia’s website yesterday.
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Published by The Edge Communications Sdn Bhd
SERENDAH: Edaran Tan Chong Motor Holdings Bhd plans to bring Nissan’s electric cars into Malaysia by 2015, said Datuk Dr Ang Bon Beng, executive director of its car distribution arm, Edaran Tan Chong Motor Sdn Bhd.
