Business Times (Malaysia) articles from August 2011

Business Times (Malaysia) archives from August 2011

Good money for good governance.
August 31, 2011... Byline: Adeline Paul Raj KUALA LUMPUR: Institutional investors are keen on companies with good corporate governance (CG) and are willing to pay top dollar to invest in them but sadly, few fit the criterion in Malaysia, says Aberdeen Asset...

Fitters appeals to Bursa, may drop Ernst & Young.
August 31, 2011... FITTERS Diversified Bhd is unlikely to reappoint Ernst & Young (EY) as its auditors, information seen by Business Times revealed. In the same light, the company is appealing to the stock exchange to lift an August 18 public reprimand on...

Bandar Raya eyes RM4b new projects.
August 31, 2011... Byline: Sharen Kaur KUALA LUMPUR: Bandar Raya Developments Bhd (BRDB), which is upbeat on the property market, plans to introduce five new projects worth more than RM4 billion in the Klang Valley and Johor. BRDB is looking to increase its...

Toshiba to turn TopRank into global supply centre.
August 31, 2011... Byline: Kamarul Yunus KUALA LUMPUR: Toshiba Corp, a world leader in high technology, wants to position its recently acquired one billion yen Malaysian company as its global supply centre for medium voltage switchgears and vacuum circuit...

'Data tsunami' brings wave of optimism.
August 31, 2011... Byline: Goh Thean Eu KUALA LUMPUR: Juniper Networks Inc, the second largest maker of Internet networking equipment in the world, is confident that sales in Malaysia and Southeast Asia would grow by double-digit percentage, thanks mainly to...

Fatihah Frozen Food warms up to organic, health products.
August 31, 2011... Byline: Zurinna Raja Adam KUALA LUMPUR: Frozen food producer Fatihah Frozen Food Sdn Bhd plans to tap into organic and health food sector to grow its business. Founder and managing director Fatihah Anis Ibrahim is also keen to offer value...

Why only palm oil?
August 31, 2011... Byline: Zaidi Isham Ismail THE next time you go to the shopping mart to buy a food item, take a look at the ingredients label. Chances are it will say the generic term vegetable oil rather than soyabean, rapeseed or palm oil. Labelling...

Tollyjoy strides into new marts.
August 31, 2011... Byline: Roziana Hamsawi PETALING JAYA: Parents, especially mothers may be familiar with this brand, Tollyjoy, which despite competing with other brands has been enjoying steady growth and popularity without having to rely too much on...

CG Computers on growth trail.
August 31, 2011... Byline: Marina Emmanuel GEORGE TOWN: Apple's premium and longest-selling reseller in Malaysia CG Computers Sdn Bhd, appears unfazed with news that Apple Inc's chief executive officer Steve Jobs is stepping down. Instead, the Penang-based...

Wave of FDIs.
August 30, 2011... Byline: Rupa Damodaran KUALA LUMPUR: Malaysia attracted RM31.7 billion in foreign direct investments (FDIs) for the first seven months of this year, said International Trade and Industry Minister Datuk Seri Mustapa Mohamed. Last year,...

Sime acquiring 30pc stake in E&O for RM766m.
August 30, 2011... Byline: Sharen Kaur KUALA LUMPUR: Sime Darby Bhd, the world's largest listed palm oil producer by acreage, is buying 30 per cent of Eastern & Oriental Bhd (E&O) for RM766 million to expand its portfolio in property development and...

Pan Malaysian Ind gets takeover offer.
August 30, 2011... Byline: Goh Thean Eu KUALA LUMPUR: Tan Sri Khoo Kay Peng plans to take Pan Malaysian Industries Bhd (PMI) private, by buying the remaining 44.17 per cent stake he does not own for RM25.11 million or 4.5 sen a share. In a Bursa Malaysia...

'CI Holdings investors may get bumper dividend'.
August 30, 2011... Byline: Cheryl Yvonne Achu KUALA LUMPUR: CI Holdings Bhd's (CIH) shareholders might in for a bumper dividend harvest, as the company stands to make substantial exceptional items gain from the disposal of its bottling unit Permanis Sdn Bhd to...

Plastic bags and food safety.
August 30, 2011... Byline: K. Jayaraman IN recent years, the Green Malaysia concept is given high priority as people become more and more green-conscious. Many green products using renewable energy, reduced energy and emission of greenhouse gases, and made...

ExxonMobil: It's 350 employees.
August 30, 2011... IN THE article headlined "ExxonMobil explains" published in Business Times yesterday, it should have read that ExxonMobil Corp has 350 employees in Esso Malaysia Bhd (EMB), ExxonMobil Malaysia Sdn Bhd and ExxonMobil Borneo Sdn Bhd, and not 750...

Hyundai-Sime Darby to enhance brand.
August 30, 2011... Byline: Zaidi Isham Ismail KUALA LUMPUR: Hyundai-Sime Darby Motors Sdn Bhd. which is the master franchise holder for Hyundai's vehicles in Malaysia, aims to sell of 12,000 units this year and the next, to further consolidate its presence in...

ExxonMobil explains.
August 29, 2011... Byline: June Ramlee KUALA LUMPUR: Ample opportunities were given to local companies to take over ExxonMobil's Malaysian business but they didn't make the cut because of low bids and they were not keen on keeping the Port Dickson refinery...

San Miguel plans US$1b upgrade.
August 29, 2011... KUALA LUMPUR: San Miguel Corp (SMC) plans to invest up to US$1 billion (RM3 billion) over three to five years to upgrade a Port Dickson oil refinery it is buying from ExxonMobil Corp. Besides that, the Philippine company is also planning to...

Another bout of selling pressure?
August 29, 2011... Byline: Azlan Abu Bakar KUALA LUMPUR: The stock market could endure another bout of strong selling pressure today as investors may want to keep more cash ahead of the holiday-shortened week. Still, there may be those who would be looking...

Quill Automobiles in talks with BMW to expand Puchong facility.
August 29, 2011... Byline: Rupinder Singh KUALA LUMPUR: Quill Automobiles Sdn Bhd is looking to set up a full-fledged BMW dealership in Puchong in a couple of years to boost revenue from after-sales service. The BMW dealer has an existing dealership and a...

Penang Hill in spotlight again.
August 29, 2011... Byline: Marina Emmanuel PENANG Hill - the oldest of four hill stations established by the British East India Company in the late 18th century has come under the spotlight yet again as talk of its development is floating in Penang and beyond....

Balanced funds.
August 29, 2011... IN TIMES of volatile market movements, it is a challenge for some investors to keep their emotions in check. When markets are in a strong rally, our herd instinct compels us to join the crowd and ride with the upside. But when markets correct,...

Mukhriz hopes domestic investments will gather pace.
August 29, 2011... Byline: Yiswaree Palansamy KULIM: Local investors are still slow to invest in Malaysia compared with their foreign counterparts, said Deputy International Trade and Industry Minister Datuk Mukhriz Mahathir. "We want our local investors to...

RM50m to boost Sanctuary Ridge's appeal.
August 29, 2011... Byline: Sharen Kaur KUALA LUMPUR: Gasing Meridian Sdn Bhd, a mid-size developer, is investing RM50 million to develop infrastructure at its RM300 million Sanctuary Ridge project in Gasing Hill, Kuala Lumpur. Senior manager Leo Tan said the...

Lucknow - a good omen for Islamic finance in India.
August 29, 2011... Byline: Rushdi Siddiqui WITH almost 200 million Muslims, more than the combined population of Muslims in MENA (Middle East and North Africa) or the population of neighbouring Pakistan, Bangladesh or Afghanistan, India has yet to break the...

CIMB to pause for consolidation.
August 29, 2011... Byline: S.N. Lock SENTIMENT on Bursa Malaysia weakened further when foreign institutional investors sold down their blue-chip holdings last week. The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed at 1,444.81 points on...

Technical rebound likely.
August 29, 2011... Byline: Kaladher Govindan THE Malaysian equity market may reflect Wall Street's rebound on Friday when it opens today but investors could opt to clear their positions ahead of the Hari Raya Aidilfitri holidays in this 1 1/2-day trading week....

Sime Darby agrees to acquire 30pc of E&O.
August 27, 2011... Byline: Goh Thean Eu KUALA LUMPUR: Conglomerate Sime Darby Bhdhas agreed to buy 30 per cent of Eastern & Oriental Bhd (E&O), a developer with large projects on Penang island, sources said. Sime will buy the shares from two parties,...

Petronas: A good run in Q1.
August 27, 2011... Byline: Kamarul Yunus KUALA LUMPUR: Petroliam Nasional Bhd's (Petronas) net profit surged almost 50 per cent in the first quarter ended June 30 2011 on higher crude oil prices but it warned that the weak global economy could hit its full-year...

PPB banks on overseas operations.
August 27, 2011... Byline: Cheryl Yvonne Achu KUALA LUMPUR: Diversified conglomerate PPB Group Bhd sees overseas businesses as the main driver of its future growth. "Our income rise is mainly due to the higher sales of flour in Indonesia and Vietnam," said...

Does it feel like 1931 again?
August 27, 2011... Byline: Francis Fernandez EIGHTY years ago, the Creditanstalt, a bank founded by the Rothschild family, was declared bankrupt. Some say the demise of Creditanstalt eventually led to the banking crisis of the Great Depression. In the words...

Prince Court expects turnaround in 2 years.
August 27, 2011... Byline: Kamarul Yunus KUALA LUMPUR: Prince Court Medical Centre Sdn Bhd, wholly-owned by Petroliam Nasional Bhd (Petronas), expects to turn around in the next two years. Its chairman Datuk Anuar Ahmad said the company has put in place...

Kulim's Q2net surges as revenue soars.(Financial report)
August 27, 2011... Byline: June Ramlee KUALA LUMPUR: Kulim (Malaysia) Bhd's second quarter net profit expanded 10-fold, thanks to its soaring revenue. Its net profit for the three months to June 2011 came in at RM146 million compared with RM14.6 million in...

Malaysia Airlines to join alliance by June.
August 27, 2011... SUBANG: Malaysia Airlines (MAS) has confirmed that it is on its way to be part of the oneworld alliance by the first half of next year. Oneworld is a global alliance of airline companies which share resources and routes to save cost. In...

An 'A' for Zeti -for the eighth time.
August 27, 2011... KUALA LUMPUR: She has done it again, for the eighth time. Bank Negara Malaysia governor Tan Sri Dr Zeti Akhtar Aziz was among six central bank chiefs named World Top Central Bankers for 2011 according to the Global Finance magazine. She...

East meets West in Kuala Lumpur.
August 27, 2011... Byline: Rupa Damodaran KUALA LUMPUR: The annual Forbes Global CEO Conference, which will be hosted by Malaysia this year, will take on a more Asian flavour as billionaire boys assess and discuss the fragile global economic recovery and...

Proton Q1 net profit falls.(Financial report)
August 27, 2011... Byline: Rupinder Singh KUALA LUMPUR: Proton Holdings Bhd's first quarter net profit ended June 30 2011 was lower, dragged by expenses associated with the ongoing turnaround programme at 100 per cent owned Lotus Group International Ltd. The...

Issues to ponder in proposed Esso deal.
August 27, 2011... Byline: Rita Benoy Bushon MARKET watchers would have noted with interest the sharp rise and equally sharp decline in Esso Malaysia Bhd's share price. The rise was prompted by speculation that San Miguel Corp was buying ExxonMobil Corp's...

Petronas Chemicals Q1 net profit up 12pc.(Financial report)
August 27, 2011... KUALA LUMPUR: Petronas Chemicals Group Bhd (PCG) posted a 12 per cent increase in net profit to RM814 million for the first quarter ended June 30 2011. PCG suggested that it would have made a higher net profit if it wasn't bogged down by...

Volkswagen launches Polo GTI.
August 27, 2011... Byline: Bilqis Bahari SEPANG: Volkswagen Group Malaysia Sdn Bhd (VGM) believes that the newly-launched Volkswagen Polo GTI will not cannibalise the sales of another Polo variant, the Polo TSI. VGM managing director Ricky Tay said with over...

Kimlun accepts 3 contracts.
August 27, 2011... KIMLUN accepts 3 contracts KIMLUN Corp Bhd's wholly-owned subsidiary, Kimlun Sdn Bhd, has accepted three contracts worth RM106.5 million from Melati Ehsan Holdings Bhd's subsidiaries. The first is from Pembinaan Kery Sdn Bhd, to build 65 units...

Kencana unit to build 2 rigs.
August 27, 2011... KENCANA Petroleum Bhd's wholly-owned unit, Kencana Marine Drilling Sdn Bhd, is building two units of tender assisted drilling rigs (TADRs) costing US$290 million (RM867 million). It said the rigs were in line with the group's plan to expand its...

Blue-chip index slips, bucks regional trend.
August 27, 2011... Byline: S.N. Lock SHARES on Bursa Malaysia staged continued pullbacks over the five trading days of the week, bucking the trend on other stock markets in Asia. The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) closed at...

Sime shines but warns of challenges.
August 26, 2011... Byline: Zaidi Isham Ismail KUALA LUMPUR: Conglomerate Sime Darby Bhd has reported record full-year numbers, driven by its plantation, industrial and auto businesses, but warned of tough times ahead. It expects to post satisfactory results...

New managing director for MAS found?
August 26, 2011... Byline: Shahriman Johari; Presenna Nambiar KUALA LUMPUR: The search for Malaysia Airlines' (MAS) new chief appears to have ended. It is learned that the executive committee decided on the new managing director (MD) after a meeting...

Maxis lowers capex further.
August 26, 2011... Byline: Goh Thean Eu KUALA LUMPUR: Maxis Bhd, the country's largest mobile operator, has lowered its capital expenditure (capex) for the year as its "disciplined" cost-management programme has helped it save cost without jeopardising...

DRB-HICOM Q1 net profit falls to RM91m.(Financial report)
August 26, 2011... KUALA LUMPUR: DRB-HICOM Bhd's net profit fell 42.2 per cent to RM91.07 million for the first quarter ended June 30 2011 but operational profit eased marginally to RM146.3 million from RM152.2 million previously. The group said its performance...

CIMB stock hit by growth concerns.
August 26, 2011... Byline: Roziana Hamsawi KUALA LUMPUR: The stock of Malaysia's number two lender took a beating yesterday, closing 4.6 per cent down to a one-year low of RM7.25, on concerns of slower growth this year. Analysts said as the stock has a lot...

Alcom plans upgrade to higher-margin products.
August 26, 2011... Byline: Ooi Tee Ching PETALING JAYA: Aluminium Company of Malaysia Bhd (Alcom) is investing RM16 million to upgrade its factory to churn out products that can fetch higher margins like cap-stock, lacquered foil and composite panels, said...

YTL Corp net profit breaches RM1b mark.
August 26, 2011... Byline: Rupinder Singh KUALA LUMPUR: YTL Corp Bhd's net profit increased 23.6 per cent to RM1.06 billion in the year ended June 30 2011 from RM856.8 million a year ago. Revenue for the 12-month period improved 12.5 per cent to RM18.57...

Five more Jerasia concept stores in next few months.
August 26, 2011... Byline: June Ramlee KUALA LUMPUR: Jerasia Capital Bhd is looking at opening more concept stores that sell clothes in the mid-range category, targeted at young families. Jerasia executive director Pronob Sengupta said the concept stores...

50pc of income to come from S'pore.
August 26, 2011... Byline: Cheryl Yvonne Achu KUALA LUMPUR: Former mining concern turned property developer Selangor Dredging Bhd (SDB) expects revenue contribution from Singapore projects to grow to 50 per cent over the next two years. "We hope that 50 per...

Hunza raises the bar with Gurney Paragon.
August 26, 2011... Byline: Marina Emmanuel GEORGE TOWN: Hunza Properties Bhd (HBP) is set to raise the bar for retail and food scene in Penang with the staggered opening of Gurney Paragon from December this year. Executive chairman Datuk Khor Teng Tong...

First-half profit before tax, zakat up 56pc.
August 26, 2011... KUALA LUMPUR: Bank Islam Malaysia Bhd says its first half pre-tax and zakat profit jumped 56 per cent to RM240.9 million, driven by double-digit growth in fi-nancing and non-financing income. Managing director Datuk Seri Zukri Samat said the...

Amanresorts awaiting govt approval for Penang Hill project.
August 26, 2011... Byline: Marina Emmanuel GEORGE TOWN: World-class hotelier Amanresorts International Pte Ltd's plans to manage and market a proposed resort on Penang Hill are still on track and awaiting government approval. The company told Business Times...

BFood buys stake in Berjaya Starbucks.
August 26, 2011... BERJAYA Foods Bhd (BFood) signed a conditional shares sale pact with Berjaya Group Bhd to buy 11.5 million RM1 shares, or a 50 per cent stake, in Berjaya Starbucks Coffee Co Sdn Bhd for RM71.7 million. To raise funds for the acquisition, BFood...

Wah Seong puts on hold demerger plan.
August 26, 2011... PIPE manufacturer Wah Seong Corp Bhd has put on hold the demerger plan of its oil and gas business held under Wasco Energy Ltd until further notice. Wah Seong cited uncertain global market conditions for the decision. "The board will revisit...

UEM Land Q2 net profit soars.(Financial report)
August 26, 2011... Byline: Bilqis Bahari KUALA LUMPUR: Property developer UEM Land Holdings Bhd's second quarter net profit more than doubled due to its soaring revenue. Its net profit for the three months to June 2011 came in at RM88.9 million compared with...

MMC to re-challenge overhead resistance.
August 26, 2011... Byline: S.N. Lock BURSA Malaysia bucked the regional trend when it consolidated yesterday. Declining counters outpaced advancing counters by 429 to 240. The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) fell from its day...

Sarawak Plantation Q2 net rises twofold.
August 26, 2011... SARAWAK Plantation Bhd's (SPB) net profit for the second quarter ended June 30 2011 rose more than twofold to RM22.5 million from RM9.2 million in the same period last year due to higher realised average selling prices of crude palm oil and palm...

Pumping up.
August 25, 2011... Byline: Kamarul Yunus KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) may start the proposed RM15 billion North Malay Basin project this year if it wants to make its first gas delivery by early 2013 as planned, an industry source said. "As...

Media Prima Q2 profit jumps 21pc.(Financial report)
August 25, 2011... Byline: Adeline Paul Raj KUALA LUMPUR: Media Prima Bhd, the country's biggest media group, saw a 21.2 per cent rise in second quarter net profit on the back of improved advertising revenue and better cost management. Net profit came in at...

IOI nets RM548m profit in 4th qtr.(Financial report)
August 25, 2011... KUALA LUMPUR: IOI Corp Bhd's (IOI Corp) fourth-quarter net profit was flat despite revenue having increased by 41.4 per cent. The plantation firm's net profit for its final quarter ended June 30 was up 0.1 per cent to RM547.8 million compared...

SPAD, Puspakom in pact to weed out unfit vehicles.
August 25, 2011... Byline: Zaidi Isham Ismail KUALA LUMPUR: Land Public Transport Commission (SPAD) has teamed up with vehicle inspection firm Puspakom Sdn Bhd to weed out commercial and public vehicles that are not roadworthy. Malaysia has some one million...

TM's earnings inch up.
August 25, 2011... KUALA LUMPUR: The country's dominant fixed-line operator Telekom Malaysia Bhd (TM) says its second-quarter net profit has inched up 2.3 per cent on improvement in all of its businesses. The group posted a net profit of RM127.2 million for its...

SapuraCrest, Kencana boards approve merger plan.
August 25, 2011... Byline: Roziana Hamsawi KUALA LUMPUR: The proposed RM11.85 billion merger of SapuraCrest Petroleum Bhd and Kencana Petroleum Bhd has been approved by the respective board of directors. The merger is on track and is expected to take place...

Matrade maintains export growth target.
August 25, 2011... Byline: Rupa Damodaran KUALA LUMPUR: Malaysia External Trade Development Corp (Matrade) is not altering its export growth target for 2011 despite slower growths in the US and the European Union, two of its important trading partners. Its...

IJM's order book set to hit RM9b.
August 25, 2011... Byline: Rupinder Singh SUBANG JAYA: IJM Corp Bhd's order book may potentially hit RM9 billion by the financial year ending May 31 2012 from the RM3.7 billion it has in hand now. The bulk of the increase will come from the RM5 billion worth...

Supermax upbeat on Asian sales.
August 25, 2011... Byline: Zaidi Isham Ismail KUALA LUMPUR: Supermax Corp Bhd, the world's second largest rubber glove maker, expects Asia to contribute up to 11 per cent to its total sales by 2012 from 6 per cent right now due to higher demand. Supermax...

Lafarge nets RM77m in Q2.
August 25, 2011... LAFARGE Malayan Cement Bhd's net profit for the second quarter ended June 30 2011 increased to RM77.1 million from RM975.6 million in the corresponding quarter last year. The growth in earnings was mainly due to higher revenue and better results...

Nadayu to launch projects worth RM1.5b.
August 25, 2011... Byline: Sharen Kaur KUALA LUMPUR: Nadayu Properties Bhd aims to launch three projects worth a combined RM1.5 billion in the Klang Valley and Penang from next month to grow itself and build its branding. "We are upbeat on the market. We...

MCIL upbeat on higher advertisement income.
August 25, 2011... Byline: Ooi Tee Ching PETALING JAYA: Media Chinese International Ltd (MCIL) - the largest Chinese language media group in Malaysia with four newspapers, a tabloid and 21 magazine titles - is optimistic of higher advertisement income in view...

MPHB Q2 profit jumps 16.5pc.(Financial report)
August 25, 2011... MULTI-PURPOSE Holdings Bhd (MPHB)'s net pro-fit for the second quarter ended June 30 2011 increased 16.5 per cent to RM70.1 million from RM60.1 million in the corresponding quarter last year, thanks to better results from the gaming and...

KPI worries knock Axiata stocks.
August 25, 2011... KUALA LUMPUR: Shares of Axiata Group Bhd fell to their lowest in more than three months yesterday despite a stronger quarterly profit as investors worry that it may miss its key financial targets this year. The regional mobile operator...

Pintaras jumps on strong profit.(Financial report)
August 25, 2011... Byline: Shahriman Johari KUALA LUMPUR: Shares of Pintaras Jaya Bhd had their biggest one-day jump in almost five months yesterday after the piling specialist posted its best ever net profit. Interest in the stock may have also been spurred...

Follow-through rebound likely.
August 25, 2011... Byline: S.N. Lock SHARE prices on Bursa Malaysia paused to consolidate their recent gains in step with the technical pullbacks on the regional stock markets yesterday. The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) fell to...

ERL offers special packages.
August 25, 2011... KUALA LUMPUR: Express Rail Link Sdn Bhd is once again offering its popular Group Saver and Family Package for families and friends travelling on KLIA Ekspres in conjunction with the Hari Raya and National Day celebrations. Chief executive...

Solar charge.
August 24, 2011... Byline: Rupa Damodaran PUTRAJAYA: Malaysia continues to reinforce its reputation as a solar industry hub with US-based Solexel Inc pledging to invest RM2.8 billion to build a photovoltaic (PV) cell manufacturing plant in Senai Hi-Tech Park in...

Fuel costs continue to weigh on MAS profit.(Financial report)
August 24, 2011... Byline: Rupinder Singh KUALA LUMPUR: Malaysia Airlines does not expect to make any money this year after higher fuel costs kept the national carrier in the red for the second straight quarter. MAS posted a net loss of RM526.6 million in...

IJM Land confident of good year despite global challenges.
August 24, 2011... Byline: Zaidi Isham Ismail SUBANG JAYA: IJM Land Bhd, the property arm of IJM Corp Bhd, is confident of a good 2011 despite a challenging year brought about by the global economic slowdown and European debt crisis. IJM Land chief executive...

QL Resources targets double-digit growth.
August 24, 2011... Byline: Cheryl Yvvone Achu SHAH ALAM: QL Resources Bhd, a diversified agriculture group, expects to sustain growth, helped by its regional expansion. Managing director Chia Song Kun said 2011 marks the year the company built a regional...

Boustead likely to stage technical rebound.
August 24, 2011... Byline: S.N. Lock SHARE prices on Bursa Malaysia rebounded higher in tandem with the technical rebounds on Wall Street and the regional stock markets yesterday. The FTSE Bursa Malaysia Kuala Lumpur Composite Index (FBM KLCI) rebounded to its...

Petronas project boost to local players.
August 24, 2011... Byline: Kamarul Yunus; Sharen Kaur KUALA LUMPUR: The new gas exploration project by Petroliam Nasional Bhd (Petronas) is due to benefit a slew of local service providers, analysts said. OSK Research analyst Jason Goh said the first...

Record profit for CIMB.(Financial report)
August 24, 2011... Byline: Adeline Paul Raj KUALA LUMPUR: CIMB Group Holdings Bhd's second-quarter net profit rose by 9.1 per cent to a record but the banking group, the country's second largest, is growing increasingly cautious amid a weakening global economy....