Business Times (Malaysia) articles from June 2006, page 2

Business Times (Malaysia) archives from June 2006

Turbo charge business intelligence with SAP BI Accelerator.
June 27, 2006... (From Business Times (Malaysia)) BUSINESS intelligence exists to provide timely, crucial information in a format that supports key management decisions. Unfortunately, data access time rises exponentially as the number of users or queries...

(A total of 4,328 ... ).
June 27, 2006... (From Business Times (Malaysia)) A TOTAL of 4,238 Malaysia Airlines (MAS) employees have to date applied for the company's mutual separation scheme (MSS) exercise. According to managing director Idris Jala, a huge portion of the...

MAS weighs options on Airbus order.
June 27, 2006... (From Business Times (Malaysia)) Byline: Anna Maria Samsudin MALAYSIA Airlines (MAS) is studying all available options in handling the delayed delivery of the six super-jumbo Airbus A380s on order, including cancelling the purchase....

EPF offers to buy Utama's stake in RHB.
June 27, 2006... (From Business Times (Malaysia)) THE EMPLOYEES Provident Fund (EPF) has finally shown its hand, with an offer to buy Utama Banking Group Bhd's (UBG) 32.9 per cent stake in Rashid Hussain Bhd (RHB). UBG told Bursa Malaysia yesterday...

MLabs in talks with telco to launch server for phones.
June 27, 2006... (From Business Times (Malaysia)) Byline: Marina Emmanuel MLABS Systems Bhd is in talks with a telecommunications company to jointly launch a streaming server for cellular phones. Chairman Associate Professor Dr Sureswaran...

Forum to raise awareness on security issues.
June 27, 2006... (From Business Times (Malaysia)) Byline: Kamarul Yunus THE Government, the private sector and the public need to adopt a mindset shift in order to contain the current alarming level of security breaches in the workplace. "In...

Muhibbah to upgrade airport.
June 27, 2006... (From Business Times (Malaysia)) Byline: Sharen Kaur CONSTRUCTION and engineering firm Muhibbah Engineering (M) Bhd will invest close to US$30 million (RM110.7 million) to upgrade the Sihanoukville International Airport in Cambodia...

Halal store to open in Wangsa Maju.
June 27, 2006... (From Business Times (Malaysia)) Byline: Zurinna Raja Adam A HALAL convenience store is slated to open in Wangsa Maju within the next two months, as a test-bed for an export franchise halal-mart. The convenience store, which will...

Silver Ridge confident of posting strong growth.
June 27, 2006... (From Business Times (Malaysia)) Byline: Dalila Abu Bakar NETWORK solutions provider Silver Ridge Holdings Bhd has forecast an after tax profit of RM3.65 million for its financial year ending December 31 2006, a 9.7 per cent rise...

BCT Tech expects new products to boost revenue.
June 27, 2006... (From Business Times (Malaysia)) Byline: Hamisah Hamid MESDAQ-bound chip design house BCT Technology Bhd is targeting an after-tax profit of RM10.4 million on the back of RM50.6 million revenue for the financial year ending December...

Short-term trend turns uncertain.
June 26, 2006... (From Business Times (Malaysia)) Byline: W.Q. Mun LONG-term: Bullish Short-term: Uncertain due to conflicting signals from leading short-term technical indicators Momentum index: +16 Relative strength index: 62 Observations: The...

Govt bond market consolidates.
June 26, 2006... (From Business Times (Malaysia)) WITH average volumes struggling to register RM700 million daily, the government bond market experienced some consolidation after recent buying interest. There was some buying when the Consumer Price Index...

Aron to bring in halal meat from China.
June 26, 2006... (From Business Times (Malaysia)) Byline: Zurinna Raja Adam PRIVATELY-HELD Aron Sdn Bhd plans to introduce China-imported halal meat to local supermarkets and hypermarkets by July this year, which will be sold under the Aron brand....

KLCI futures likely to trend higher.
June 26, 2006... (From Business Times (Malaysia)) Byline: Bernard THE June contract on Bursa Malaysia Derivatives closed higher at 896.00 last Friday on an average daily volume of 2,920 contracts transacted with a lower open interest of 26,265...

CMA CGM teams up with China Shipping.
June 26, 2006... (From Business Times (Malaysia)) CMA CGM and China Shipping Container Lines (CSCL) have signed a cooperation agreement for the launch of a new service between Asia and Europe. The new service will allow both companies to rationalise...

MASkargo in talks to lease A300 freighters.
June 26, 2006... (From Business Times (Malaysia)) Byline: Kang Siew Li MALAYSIA Airlines (MAS) air freight unit, Malaysia Airlines Cargo Sdn Bhd (MASkargo), is in talks with aircraft leasing companies to lease up to two Airbus A300 freighters for use...

Kelly Services seeks to keep its top spot.
June 26, 2006... (From Business Times (Malaysia)) Byline: Ho Siew Yee KELLY Services (Malaysia) Sdn Bhd expects to maintain its leading position in the recruitment industry this year, despite the fierce competition among its peers in a country with a...

UDA expects RM137m sales from projects.
June 26, 2006... (From Business Times (Malaysia)) Byline: Zaidi Isham Ismail UDA Land (Central) Sdn Bhd, a wholly-owned subsidiary of UDA Holdings Bhd, expects to rake in RM137 million sales from its latest property development projects. UDA...

Navigating MAS to new heights.
June 26, 2006... (From Business Times (Malaysia)) Byline: Anna Maria Samsudin BARELY 12 months have passed since Idris Jala took over the controls of national carrier Malaysia Airlines (MAS) and already there are those who wonder what will happen to...

Firms now see human resource as vital partner.
June 26, 2006... (From Business Times (Malaysia)) Byline: Ho Siew Yee THE human resource (HR) industry has evolved so much that it has assumed the role of a strategic partner in the organisation, a top official from a recruitment firm said. In...

Airline in final stages of deciding buyer, price of building.
June 26, 2006... (From Business Times (Malaysia)) MALAYSIA Airlines is in the final stages of deciding the buyer and price of its building in Kuala Lumpur, and will make an announcement soon. "Several parties have expressed interest in the purchase...

HP to spend 'substantial' amount on research.
June 26, 2006... (From Business Times (Malaysia)) Byline: Sharen Kaur TECHNOLOGY solutions provider Hewlett-Packard (M) Sdn Bhd (HP) will launch more products and devices this year to meet consumer demand for new products with enhanced features,...

Leadership pipeline vital, Malaysian companies told.
June 26, 2006... (From Business Times (Malaysia)) ONLY 5-10 per cent of companies in Malaysia practise succession planning, a management consultant expert says. The rest only scramble to find a heir to the throne when it is time to step down. "One of the...

Synergy Farm owner's passion for bananas, health.
June 26, 2006... (From Business Times (Malaysia)) Byline: Marina Emmanuel THE northern region's largest Cavendish banana producer - Synergy Farm (M) Sdn Bhd - is owned by cardiologist Datuk Dr Zainuddin Wazir. Instead of turning his back on...

Hong Leong Industries to stay firm.
June 26, 2006... (From Business Times (Malaysia)) Byline: S.N.Lock SHARES on Bursa Malaysia rose across a broad front last week, pushing the benchmark Kuala Lumpur Composite Index (KLCI) to stage a successful repenetration of its psychological...

MISC orders 4 new tankers.
June 26, 2006... (From Business Times (Malaysia)) Byline: Francis Fernandez MISC Bhd, the world's biggest owner of liquefied natural gas (LNG) tankers, has placed a fresh order to build as many as four tankers, executives familiar with the matter...

Mitsui plans biofuel from oil palm wastes.
June 26, 2006... (From Business Times (Malaysia)) Byline: Sim Bak Heng A JAPANESE company plans to introduce a new source of biofuel in Malaysia, by utilising the agricultural wastes of the oil palm industry. With the technology, felled old oil...

Tien Wah profit prospects bright: Dynaquest.
June 26, 2006... (From Business Times (Malaysia)) TIEN Wah Press Holdings Bhd's termination of a deal to buy a related laminated paper products business will not affect its strong fundamentals. Research house Dynaquest Sdn Bhd said the management of...

myMCSB reaches out with Manex.
June 26, 2006... (From Business Times (Malaysia)) Byline: Malcolm Rosario MYMCSB Sdn Bhd, a unit of second board-listed MCSB Systems (M) Bhd, expects to see more than half of the country's automotive suppliers linked to its newly-developed automotive...

Pharmvision looking to expand via tie-ups.
June 26, 2006... (From Business Times (Malaysia)) Byline: Vasantha Ganesan PHARMVISION Ventures Sdn Bhd, an integrated trading and marketing company specialising in retail pharmacy, plans to expand locally and internationally through strategic...

Expos on boosting energy efficiency.
June 26, 2006... (From Business Times (Malaysia)) TWO international expositions on improving energy efficiency will be held from tomorrow to Friday in Kuala Lumpur. Tenaga 2006, the international electrical engineering and installation show, and...

All eyes on US rate decision.
June 26, 2006... (From Business Times (Malaysia)) Byline: Ngu Chie Kieng STOCKS on Bursa Malaysia rebounded strongly last week driven partly by the lifting of trading curbs on Iris Corp Bhd. The 1.4 per cent weekly increase is the strongest so far...

Leong is DHL Express Malaysia country manager.
June 26, 2006... (From Business Times (Malaysia)) AFTER 19 years of service abroad with DHL, Sam Leong is returning to Malaysia, heading the world's leading express and logistics company's operations in the country. He has been appointed country manager...

New services strengthen Northport's connectivity.
June 26, 2006... (From Business Times (Malaysia)) THE expanding network of shipping connectivity at Northport in Port Klang received a major boost in the second quarter of this year with new services mounted by several major shipping lines. ...

Birkart confident of growth here.
June 26, 2006... (From Business Times (Malaysia)) BIRKART Globistics air + ocean, a subsidiary of Germany-based Thiel Logistik, is confident of its long-term prospects for South-East Asia, especially Malaysia. With Malaysia ranked the third most...

Versatile Creative hits limit-up in active trade.
June 24, 2006... (From Business Times (Malaysia)) SHARES of Versatile Creative Bhd, a printing and packaging firm, hit limit-up in active trading yesterday. Versatile Creative, which surged as high as 32.5 per cent, added 18 sen, or 31.6 per cent, to...

Trading in Transmile shares suspended.
June 24, 2006... (From Business Times (Malaysia)) Byline: Kang Siew Li TRADING in Transmile Group Bhd shares was halted at the company's request yesterday but sources said it has nothing to do with on-going talk in the market that its biggest...

Microlink confident of hitting targeted revenue.
June 24, 2006... (From Business Times (Malaysia)) Byline: Ho Siew Yee SHARES in Microlink Solutions Bhd, an Islamic banking software developer, made a bright start on its stock market debut yesterday, rising 18 per cent to open at 58 sen apiece. ...

Sentiment brightens.
June 24, 2006... (From Business Times (Malaysia)) Byline: S.N. Lock SENTIMENT on Bursa Malaysia improved towards the later part of the week led by second and third liners, together with key heavyweight index-linked counters chipping in, lifted the...

The CEO is sometimes also the company.
June 24, 2006... (From Business Times (Malaysia)) Byline: L.S. Sya ALTHOUGH his life was not exactly a "rags to riches" story, the life of Tan Sri Ananda Krishnan still makes interesting reading. Born to a senior clerk in the Malaysian Civil...

A tailor-made relationship.
June 24, 2006... (From Business Times (Malaysia)) Byline: Malcolm Rosario MANNING & Manning, a tailoring outfit based in London's prestigious Savile Row, is renowned worldwide as one of "the" places for making a suit. Visitors come from far and...

Pelikan sees 30pc growth in profit.
June 24, 2006... (From Business Times (Malaysia)) Byline: Dalila Abu Bakar STATIONERY maker Pelikan International Corp Bhd expects 30 per cent profit growth this year from that of 2005, says executive chairman Loo Hooi Keat. "The first quarter...

Europe push, better efficiency to boost Ekowood net profit.
June 24, 2006... (From Business Times (Malaysia)) Byline: Chong Pooi Koon EKOWOOD International Bhd, a hardwood floor maker, expects net profit to jump 30 per cent this year as it further penetrates the European market and improves on production...

New measures to spur cross-border listings win praise.
June 24, 2006... (From Business Times (Malaysia)) Byline: Ho Siew Yee NEW measures to facilitate cross-border listings are positive steps towards making the Malaysian stock market more attractive and liquid, say analysts. Mayban Securities said...

TSH expects good earnings growth.
June 24, 2006... (From Business Times (Malaysia)) Byline: Chong Pooi Koon PLANTATION firm TSH Resources Bhd is expecting double-digit growth in earnings this year, driven by its venture in Indonesia, a new refinery in Sabah and improved production...

9MP work plans finalised: PM.
June 24, 2006... (From Business Times (Malaysia)) Byline: Azura Abas; Anna Maria Samsudin JULY is a significant month for the nation's development as it will see projects listed under the Ninth Malaysia Plan (9MP) taking off. Prime Minister Datuk...

KPJ to add more assets to I-REIT.
June 24, 2006... (From Business Times (Malaysia)) Byline: Sharen Kaur HEALTHCARE provider KPJ Healthcare Bhd plans to add more assets to its Islamic Real Estate Investment (REIT) scheme over the next two years as it is confident of its positive...

Tomei expects profit to double.
June 24, 2006... (From Business Times (Malaysia)) Byline: Zuraimi Abdullah BURSA Malaysia's second board-bound Tomei Consolidated Bhd foresees its net profit to more than double to RM26.4 million on a 19 per cent increase in turnover to RM192.3...

ARB seeks Bank Negara nod to buy SIBB licence.
June 24, 2006... (From Business Times (Malaysia)) Byline: Dalila Abu Bakar AMANAH Raya Bhd (ARB) has officially sought Bank Negara Malaysia's approval to start negotiations to buy Southern Investment Bank Bhd's (SIBB) licence. The trustee...

MAS gets offers for building.
June 24, 2006... (From Business Times (Malaysia)) Byline: Fauziah Ismail; Anna Maria Samsudin NATIONAL carrier Malaysia Airlines (MAS) has received offers from several government-linked companies (GLCs) to buy its headquarters building in Jalan...

Escoy plans to reduce share premium account.
June 24, 2006... (From Business Times (Malaysia)) Byline: Marina Emmanuel ESCOY Holdings Bhd's first stage of capital reduction exercise will soon see the company seeking court approval for a reduction of its share premium account. The...

Wah Seong ventures into e-disposal.
June 24, 2006... (From Business Times (Malaysia)) Byline: Marina Emmanuel WAH Seong Corp Bhd is set to help Malaysian industries go "green" soon via its venture into the electronic disposal (e-disposal) business. The major oil and gas group,...

Learn to hedge against ringgit volatility: Expert.
June 24, 2006... (From Business Times (Malaysia)) Byline: Rupa Damodaran THE ringgit will be subjected to the usual exchange rate volatility now that it is no longer pegged to the US dollar and businessmen must learn to hedge against exposure to the...

Results poised to improve: DeGem.
June 24, 2006... (From Business Times (Malaysia)) Byline: Ooi Tee Ching DEGEM Bhd expects its financial performance to improve this year, after having sold two PYT Jewellers showrooms in SS2 and Subang Jaya, whose performance pale in comparison to...

A budget that delivers for you.
June 24, 2006... (From Business Times (Malaysia)) Byline: Jack Welch; Suzy Welch WELCOME to our column. Very simply, it's called 'WINNING', because that is what we intend to talk with you about each and every week - how to win in business and in...

DiGi hopes Ejen 016 will boost subscribers.
June 24, 2006... (From Business Times (Malaysia)) Byline: Goh Thean Eu DIGI.COM Bhd, the country's smallest mobile operator, is taking marketing innovations to another level - by producing its own television programme called Ejen 016. Besides...

Malaysia, Kazakhstan to ink pacts.
June 24, 2006... (From Business Times (Malaysia)) Byline: Kamarul Yunus MALAYSIA and Kazakhstan are expected to sign at least four Memorandums of Understanding (MOUs) during the forthcoming visit of Kazakhstan President Nursultan Nazarbayev to Kuala...

Mobile Operator of the Year.
June 24, 2006... (From Business Times (Malaysia)) MOBILE operator DiGi Telecommunications Sdn Bhd has been named the Mobile Operator of the Year, Malaysia, by a regional telecommunications publication. DiGi chief marketing officer Chee Pok Jin...

Agency reviewing ratings of Aegis One's secured bonds.
June 23, 2006... (From Business Times (Malaysia)) MALAYSIAN Rating Corp Bhd (MARC) is undertaking a review for possible downgrades on the long-term ratings of Aegis One Bhd's RM900 million senior secured bonds and RM100 million subordinated secured...

Petra plans to list unit on main board.
June 23, 2006... (From Business Times (Malaysia)) Byline: Kamarul Yunus PETRA Perdana Bhd is planning to float one of its subsidiaries on the main board of Bursa Malaysia. The oil and gas services group has not identified the subsidiary but it...

Frontken sees expansion boosting results.
June 23, 2006... (From Business Times (Malaysia)) Byline: Sharen Kaur FRONTKEN Corp Bhd, which is headed for a listing on the Mesdaq market next month, expects to achieve annual sales growth of 20-30 per cent. For its current fiscal year ending...

Konsortium Transnasional to take over Park May listing.
June 23, 2006... (From Business Times (Malaysia)) Byline: Dalila Abu Bakar KONSORTIUM Transnasional Bhd (KTB) is expected to take over the listing status of bus operator Park May Bhd in the second half of this year, three years after the move was...

Re-test of overhead resistance level looms.
June 23, 2006... (From Business Times (Malaysia)) Byline: S.N. Lock SHARE prices on Bursa Malaysia continued to rebound further on increasing market volume as advances overwhelmed declines by 487 to 260. The Kuala Lumpur Composite Index (KLCI)...

SC to promote cross-border listings on Bursa.
June 23, 2006... (From Business Times (Malaysia)) THE Securities Commission (SC) introduced new liberalisation measures to promote cross-border listings between foreign-based firms and main board-listed local firms. Large foreign-owned firms with...

Tradewinds eyes larger sugar mart share.
June 23, 2006... (From Business Times (Malaysia)) Byline: Rupa Damodaran TRADEWINDS (Malaysia) Bhd expects to increase its domestic market share of refined sugar to 42 per cent from the current 26 per cent with the acquisition of Gula Padang Terap...

Fishing for a slice of lucrative global mart.
June 23, 2006... (From Business Times (Malaysia)) Byline: Azlan Abu Bakar FOR a country almost surrounded by sea, it is surprising that Malaysia has not yet gone full scale into aquaculture. The global market for this sector runs into trillions...

Wall Street spike boosts local stocks.
June 23, 2006... (From Business Times (Malaysia)) Byline: Ho Siew Yee MALAYSIAN stocks rose sharply yesterday with the benchmark index breaking the 900-point level, helped mainly by a spike on Wall Street and lower inflation rate on the local scene....

Iris' potential attracting investors: MD.
June 23, 2006... (From Business Times (Malaysia)) Byline: Ho Siew Yee IRIS Corp Bhd believes investors are attracted to its growth potential, managing director Datuk Tan Say Jim said. Tan's remarks came as the Iris stock hit "limit up" yesterday...

I-REIT plan boosts Boustead.
June 23, 2006... (From Business Times (Malaysia)) SHARES of Boustead Holdings Bhd rose after it proposed to establish and float an Islamic Real Estate Investment Trust (I-REIT) on Bursa Malaysia main board. Boustead gained 7 sen, or 4.12 per cent, to...

Aeon hopes to repeat 9.7pc sales growth.
June 23, 2006... (From Business Times (Malaysia)) Byline: Vasantha Ganesan THE Jusco brand supermarket and departmental store operator, Aeon Co (M) Bhd, hopes to repeat last year's sales growth of 9.66 per cent in the 12 months ending February 2007,...

Melewar keen to build monorail over Penang Bridge.
June 23, 2006... (From Business Times (Malaysia)) Byline: Zuraimi Abdullah; Francis Fernandez MELEWAR Industrial Group Bhd is interested in building a high-speed monorail network over the current Penang Bridge as part of its wider plan to construct a...

Sime tipped to be top contender for Pan Century.
June 23, 2006... (From Business Times (Malaysia)) Byline: Zaidi Isham Ismail SIME Darby Bhd is tipped to be the leading contender to buy one of Malaysia's largest and oldest edible oils refiners, Pan Century Edible Oils Sdn Bhd. Pan Century is...

High Court rules in favour of Kulim.
June 23, 2006... (From Business Times (Malaysia)) THE boardroom tussle at QSR Brands Bhd has ended. The High Court yesterday dismissed with costs a suit that sought to prevent Kulim (Malaysia) Bhd-led directors from exercising their duties as...

Melewar in Thai, Indian ventures.
June 23, 2006... (From Business Times (Malaysia)) Byline: Zuraimi Abdullah MELEWAR Group Industrial Bhd, normally known as a steel producer, is going to be busy with lucrative projects in the oil and gas and power sectors in Thailand and India. ...

Gamuda Q3 net profit falls on softening property market.
June 23, 2006... (From Business Times (Malaysia)) GAMUDA Bhd reported a 38 per cent drop in third-quarter net profit due to completion and ongoing construction works as well as softening of the property market that has affected its property division. ...

Rohana ushers in a friendlier, fresher Astro.
June 23, 2006... (From Business Times (Malaysia)) Byline: Rajan Moses PETITE accountant Rohana Rozhan has a big job at hand as the new chief executive officer of Astro All Asia Networks' television (TV) business in Malaysia and Brunei. An Astro...

Samsung eyes top spot in 2 key marts.
June 23, 2006... (From Business Times (Malaysia)) Byline: Goh Thean Eu SAMSUNG Malaysia Electronics Sdn Bhd, the local marketing arm of South Korean electronics giant Samsung, aims to be the market leader in the LCD television (TV) and mobile phone...

Pasdec back in the black.
June 23, 2006... (From Business Times (Malaysia)) Byline: Shahrum Sayuthi PASDEC Holdings Bhd, a firm controlled by the Pahang State Government, has turned itself around last year, posting a net profit of RM6 million. This is compared with a...

Silver Ridge goes into software development.
June 23, 2006... (From Business Times (Malaysia)) Byline: Presenna Nambiar NETWORK solutions provider Silver Ridge Holdings Bhd has gone into software development to reduce its dependence on its telecommunications network solution business. The...

3.9pc rise in May CPI below market forecast.
June 22, 2006... (From Business Times (Malaysia)) Byline: Rupa Damodaran THE inflation level in Malaysia eased in May, and came in below market expectations at 3.9 per cent year-on-year. Economists, however, warn that it could be a one-off...

Worldwide to focus on commercial development.
June 22, 2006... (From Business Times (Malaysia)) Byline: Zaidi Isham Ismail PROPERTY developer Worldwide Holdings Bhd, an established home builder, will now give more emphasis on constructing commercial properties and bolster its environmental...

MAA: New car sales on road to recovery.
June 22, 2006... (From Business Times (Malaysia)) MALAYSIA'S new car sales is on the road to recovery after a three-month slump, with sales increasing by a marginal 3.66 per cent in May this year from the previous year. "Year-on-year volume recovered...

Tanjong Q1 net profit up 51pc.
June 22, 2006... (From Business Times (Malaysia)) TANJONG PLC Bhd's net profit for the first three months ended April 30 2006 increased 51 per cent to RM126.9 million from RM84.08 million in the same period last year. Revenue improved by 6.8 per cent...

AE Multi may stage rebound.
June 22, 2006... (From Business Times (Malaysia)) Byline: S.N. Lock SHARES on Bursa Malaysia rose across a broad front yesterday on slight improvement in market sentiment with rises beating falls by 636 to 157. The Kuala Lumpur Composite Index...