Business
Kulim to raise stake in London-listed New Britain
Malaysian plantation firm Kulim (M) Bhd said it plans to raise its interest in London-listed New Britain Palm Oil Ltd, offering RM812 million in cash for a 20 per cent stake.
The partial offer, which would increase Kulim's interest in New Britain to just under 70 per cent, was priced at 5.50 pounds a share -- 14.6 per cent higher than the ... Read More
Ryanair Chief Executive Michael O’Leary at the 50th Paris Air Show, Le Bourget airport, Paris. - Reuters pic, June 20, 2013.
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Luster Industries awaits concrete offer
Luster Industries Bhd's managing director Lim See Chea said he will decide the next course of action only when there is a concrete offer to acquire the company. "I often receive verbal offers either to ... Read More
3G services deal inked for rural Malaysia
On the verge of launching its next-generation satellite constellation, O3b Networks announced a major deal to provide fibre equivalent capacity to Malaysian telecoms provider Maju Nusa Sdn Bhd.The deal ... Read More
Malaysian importers, exporters must know new payment system
Malaysian importers and exporters should quickly familiarise themselves with the new payment settlement mechanism, Bank Payment Obligation (BPO), which will come into force on July 1. To educate the ... Read More
Three parties linked to Kedah Jetty takeover in Luster Industries talks
Three parties that placed a bid to takeover the Kuala Kedah Jetty, which links the state's mainland to Langkawi island via a sea route, is believed to be in talks to takeover control of Luster Industries ... Read More
Kulim might take over New Britain Palm Ltd
Kulim (M) Bhd, which has a 50% stake in palm oil manufacturer New Britain Palm Oil Ltd (NBPOL), plans to announce today its acquisition of the remaining shares in NBPOL.NBPOL is currently listed on the ... Read More
Air Asia’s Aireen: No more klia2 delays, please
Budget airline, AirAsia Bhd, wants no more delays in the opening of the new low-cost carrier terminal (LCCT), known as klia2.Chief Executive Officer Aireen Omar said the news of the 11-month delay in the ... Read More
Gold loses more lustre
The price of gold slides down to touch RM134.05 per gramme, losing RM1.07 from RM135.10 at 5pm, yesterday. - Bernama, June 19, 2013.
Bina Puri stocks rattled in klia2 delay
Shares in Malaysian construction firm Bina Puri dropped as much as 2 per cent in early trade after its joint-venture UEM Sunrise was ordered to pay a fine for its inability to complete an airport ... Read More
US business groups claim India hurting jobs, economy
A group of major American business organisations and advocacy groups today launched a new alliance against what they allege as India's "discriminatory" economic policies, including intellectual property ... Read More
India’s AIDS fight gets RM765m boost
The battle against AIDS in India gets a US$255 million World Bank boost. The RM765 million loan agreement would help the National AIDS (NACP-IV) control project’s objective to increase safe behaviour ... Read More
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