Business Times (Malaysia) articles from March 2012

Business Times (Malaysia) archives from March 2012

Tussle for asiaEP heats up.
March 31, 2012... Byline: Sharen Kaur PETALING JAYA: The tussle for control of ACE Market-listed asiaEP Resources Bhd is heating up with its major shareholders promising to inject new assets and return it to profitability in fiscal 2013 under a new management....

Navis Capital buys 37.5pc stake in SEGi.
March 31, 2012... Byline: Francis Fernandez KUALA LUMPUR: AVIS Capital has bought a 37.5 per cent stake in SEG International Bhd (SEGi), the country's second largest private education group by sales, people who helped broker the deal said. On Thursday, some...

Transparency will benefit all market players.
March 31, 2012... Byline: Francis Fernandez DO we have syndicates operating in the local stock market? The answer is probably "Yes". Do we have syndicates operating in the major global equity markets? The answer to that is also probably "Yes". However, can...

MAA: Worst may be over as car sales start to pick up.
March 31, 2012... Byline: Goh Thean Eu PETALING JAYA: Car sales are likely to see lower or flat growth in the first quarter, largely due to tighter lending guidelines, Malaysian Automotive Association (MAA) says. But the good news was that the worst may be...

Board changes at Esso.
March 31, 2012... KUALA LUMPUR: Esso Malaysia Bhd has seen some changes to its board of directors, following the entry of San Miguel Corp as its new controlling shareholder. Esso Malaysia yesterday announced the resignation of chairman and executive director...

Yinson posts lower Q4 net profit, but on higher revenue.(Financial report)
March 31, 2012... KUALA LUMPUR: Integrated offshore services provider Yinson Holdings Bhd has reported a two-per cent drop in its fourth-quarter net profit but registered overall 47.6 per cent growth for the whole year. The group said this was mainly driven by...

HSBC sees inflation risks from robust demand.
March 31, 2012... Byline: Rupa Damodaran KUALA LUMPUR: The growth recovery during the second half of the year can begin to build up underlying inflationary pressures in the Malaysian economy, HSBC Bank says. "We see some upside risks to inflation emanating...

MBSB to disburse RM500m via scheme.
March 31, 2012... KUALA LUMPUR: THE Malaysia Building Society Bhd (MBSB) plans to disburse close to RM500 million loans through its My First Home Scheme this year. Its chief executive officer (CEO) Datuk Ahmad Zaini Othman said if response towards the scheme,...

VSI plans to invest US$10m in Indonesia facility.
March 31, 2012... KUALA LUMPUR: Electronics firm V.S. Industry Bhd (VSI) plans to invest US$10 million (RM30 million) to expand its manufacturing facility in Indonesia to cater to rising demand. VSI said the firm, which is among the world's top 50 electronics...

Halex to maintain growth trend.
March 31, 2012... Byline: Chuah Bee Kim JOHOR BARU: AGROCHEMICAL company Halex Holdings Bhd is confident of maintaining its upward trend this year due to the favourable prices of agricultural commodities like palm oil, rubber, cocoa and pepper. Managing...

PSDC to focus on medical devices, aerospace sectors.
March 31, 2012... Byline: Marina Emmanuel GEORGE TOWN: THE manpower needs of Penang's medical devices and aerospace sectors will be the next focus of the Penang Skills Development Centre (PSDC), as it looks to prepare its students to better serve the two...

Eversave matchmakes Malaysian players with Myanmar wholesaler.(Company overview)
March 31, 2012... KUALA LUMPUR: Eversave Wholesale Marketing, a wholesaler of daily products, has successfully organised its first conference between Malaysian exporters and manufacturers and Myanmar's Gandamar Wholesale. The conference held at Traders Hotel...

MBM, Mitsui to seal share sale deal by May 31.
March 31, 2012... KUALA LUMPUR: MBM Resources Bhd yesterday said it had mutually agreed with Mitsui & Co Ltd to extend the date to seal a share sale agreement for another two months. Both companies now hope to sign the firm agreement by May 31 this year, MBM...

AirAsia boost flights on KL-Vientiane route.
March 31, 2012... KUALA LUMPUR: AirAsia Bhd will introduce extra daily flights on its Kuala Lumpur-Vientiane route from May 27 to boost connectivity to Laos. With the additional flights, the frequency for the route will increase from thrice weekly (Tuesday,...

UMW unit gets extension for Petronas job.
March 31, 2012... KUALA LUMPUR: UMW Holdings Bhd says wholly-owned UMW Standard Drilling Sdn Bhd has received a two-year contract extension to provide Naga 3 jack-up rig to Petronas Carigali Sdn Bhd. The contract, which is valid until March 21 2014, is worth...

GHL MOU with Philippines investors lapses.
March 31, 2012... KUALA LUMPUR: GHL Systems Bhd says its memorandum of understanding (MOU) with a group of investors from the Philippines had lapsed. This was due to "discontinued discussion" with no shareholders agreement signed. GHL said in a filing to Bursa...

SILK posts earnings turnaround.(Financial report)
March 31, 2012... KUALA LUMPUR: SILK Holdings Bhd posted a net profit of RM1.7 million for the second quarter ended January 31 2012, against a net loss of RM4.3 million in the same quarter of last year. This was partly driven by stronger performance for its...

Princess Yachts to enter Malaysian waters soon.
March 31, 2012... Byline: Marina Emmanuel GEORGE TOWN: LOUIS Vuitton Moet Hennessy (LVMH) Group's yacht-making firm "Princess" is making a formal entry into Malaysia soon with the appointment of a Penang-based company as its dealer. Marina Solutions Sdn Bhd...

'Companies still cautiously hiring'.
March 31, 2012... Byline: Zurinna Raja Adam KUALA LUMPUR: Companies are still cautiously hiring despite the challenging global economy, said an online recruitment agency. According to JobStreet.com's Job Outlook Report for the first quarter of 2012, some 43...

Firm in rail system deal with UK's Ricardo.
March 31, 2012... KUALA LUMPUR: Scomi Engineering Bhd's subsidiary, Scomi Rail Bhd, has teamed up with UK-based Ricardo plc, to develop a new rail driveline system. Scomi Engineering said Ricardo, a multi-industry consultant, had been contracted to support its...

Asean ministers ink new Customs agreement.
March 31, 2012... KUALA LUMPUR: The new Asean Agreement on Customs was signed yesterday by the Asean Finance Ministers on the sidelines of the 16th Asean Finance Ministers meeting in Phnom Penh, Cambodia. The agreement serves as a revision to accommodate...

ACE Market to remain trading focus.
March 31, 2012... Byline: S.N. Lock THE FBM Kuala Lumpur Composite Index (FBM KLCI) staged a late week technical rebound to erase the first four day's losses. It continued to stay above its immediate support of the 1,570 level over the last five trading days....

Penang Port yet to be officially notified of takeover.
March 30, 2012... Byline: Marina Emmanuel GEORGE TOWN: PENANG Port Sdn Bhd (PPSB) has not been officially notified of a takeover by Tan Sri Syed Mokhtar Al-Bukhary, although the northern port operator has been directed by the government to cooperate with a...

Maybank to feel pain in Indonesia.
March 30, 2012... Byline: Adeline Paul Raj KUALA LUMPUR: MALAYAN Banking Bhd (Maybank) expects Indonesia's new lending guidelines to have an impact on its motorcycle financing business there. Under the new loan-to-value (LTV) rules for mortgages and vehicle...

Bid to get all EPP firms to sign pledge by year-end.
March 30, 2012... Byline: Goh Thean Eu KUALA LUMPUR: The Performance Delivery Unit (Pemandu) is hoping to get all companies involved in the Entry Point Projects (EPPs) to sign the Corporate Integrity Pledge (CIP) by end of this year. Pemandu chief executive...

Bashir asks MAHB board to form succession plan.
March 30, 2012... Byline: Presenna Nambiar SEPANG: Malaysia Airports Holdings Bhd (MAHB) managing director Tan Sri Bashir Ahmad has asked its board to come up with a succession plan, hinting at a possible career change. "I have indicated to the board of...

Managing solid waste efficiently.
March 30, 2012... Byline: June Ramlee PUTRAJAYA: EFFICIENT solid waste management is a necessity in any efforts to enhance city livability. It is a key issue in Malaysia, addressed under the 12 National Key Economic Areas under the Economic Transformation...

First food waste treatment plant by 2014.
March 30, 2012... Byline: June Ramlee PUTRAJAYA: The country will have its first food waste treatment facility, also known as composting or anaerobic digestion plant, by 2014. Housing and Local Government Ministry's department of national solid waste...

Bursa plans bond for retail investors.
March 30, 2012... Byline: Sharen Kaur KUALA LUMPUR: BURSA Malaysia Bhd plans to launch an exchange traded bond for retail investors in the second half of this year. Bursa Malaysia chief executive officer Datuk Tajuddin Atan said the retail bond would allow...

Esso: There won't be retrenchment.
March 30, 2012... Byline: Kamarul Yunus KUALA LUMPUR: Esso Malaysia Bhd (EMB) has announced that there will be no retrenchment and that the present management and nature of its business will also remain status quo. The assurance comes amid the sale of a...

SC introduces new code on corporate governance.
March 30, 2012... KUALA LUMPUR: The Securities Commission Malaysia (SC) yesterday introduced a new corporate governance code that emphasises board effectiveness, among others. The Malaysian Code on Corporate Governance 2012 (MCCG 2012) is the first major...

Viegas is CIMB's deputy CEO, head of consumer banking.
March 30, 2012... KUALA LUMPUR: CIMB Group Holdings Bhd has hired Renzo Christopher Viegas, a senior official from RHB Bank Bhd, as its group deputy chief executive officer (CEO) and head of consumer banking. His appointment takes effect from Monday. Viegas...

UMLand plans RM1.4b projects.
March 30, 2012... Byline: Zaidi Isham Ismail UNITED Malayan Land Bhd (UMLand) plans to develop several property projects in the Iskandar development region in Johor with a gross development value of RM1.4 billion over six years. UMLand director Datuk Syed...

24-hour business updates from TM's Capital TV.
March 30, 2012... Byline: June Ramlee CYBERJAYA: The Malaysian business community will now have a new platform to get the latest updates on business and finance news with the launch of Malaysia's first business television channel, Capital TV yesterday. The...

Sime targets RM2.4b sales.
March 30, 2012... Byline: Roziana Hamsawi PETALING JAYA: SIME Darby Bhd is targeting RM2.4 billion gross sales for the various projects it has in 10 townships for the financial year ending June 20 2012. Sime Darby Property managing director Datuk Wahab...

Cypark-TNB renewable energy power purchase pact.
March 30, 2012... KUALA LUMPUR: Environmental engineering and renewable energy specialist Cypark Resources Bhd, via two wholly-owned subsidiaries, has signed the renewable energy power purchase agreement (REPPA) with Tenaga Nasional Bhd (TNB) for a feed-in-tariff...

BCorp Q3 net profit down to RM15m.(Financial report)
March 30, 2012... KUALA LUMPUR: Berjaya Corp Bhd's (BCorp) net profit for the third quarter ended January 2012 more than halved to RM15.2 million from RM32.4 million a year ago due to holidays, higher draws and tighter lending rules. BCorp reported a revenue of...

Carotech to be suspended on April 6.
March 30, 2012... KUALA LUMPUR: Trading of Carotech Bhd shares on Bursa Malaysia's ACE Market will be suspended with effect from April 6 2012. This follows the company's failure to submit its regularisation plan to Bursa Malaysia for approval within the...

CIMB unit in JV deal with Rohatyn.
March 30, 2012... KUALA LUMPUR: CIMB Group Holdings Bhd's wholly-owned subsidiary, CIMB Strategic Assets Sdn Bhd (CIMBSA), has established a joint venture with The Rohatyn Group (TRG) with a 40:60 shareholding in three companies. The companies are Capital...

Bank Muamalat eyes 15pc growth.
March 30, 2012... Byline: Cheryl Yvonne Achu SHAH ALAM: BANK Muamalat Malaysia Bhd (BMMB) is targeting a 15 per cent growth in business this year despite the projected economic slowdown. Chief executive officer Datuk Mohd Redza Shah Abdul Wahid said the...

Sony eyes 10pc rise in market share.
March 30, 2012... Byline: Bilqis Bahari KUALA LUMPUR: SONY (Malaysia) Sdn Bhd is targeting a 10 per cent increase in its overall market share this year. Head of brand activation management division Masaki Matsumae said the company plans to increase its...

CAG ventures into Hawaii.
March 30, 2012... KUALA LUMPUR: SINGAPORE-based real estate marketing firm Capital Asia Group Pte Ltd (CAG) has launched its latest land investment product, Ho'olei (Crown of Flowers), on the north-western coast of Big Island in Hawaii. Ho'olei is a 8.7ha...

New TNB plant 25pc completed.
March 30, 2012... Byline: Ooi Tee Ching MANJUNG: TENAGA Nasional Bhd's (TNB) RM5.8 billion coal-powered plant in Perak is a quarter way into completion, said TNB Janamanjung Sdn Bhd general manager Shamsul Ahmad. The new plant is located next to its...

New Colorado set to lift Chevrolet sales.
March 30, 2012... KUALA LUMPUR: Naza Quest Sdn Bhd expects its newly-launched Chevrolet Colorado pick-up truck to boost its overall sales from nearly 1,300 units last year. Naza Quest chief operating officer Datuk Maruan Mohd Said is confident the midsize...

SC's new initiatives to make for eventful 2012.
March 29, 2012... Byline: Roziana Hamsawi KUALA LUMPUR: The Securities Commission (SC) has hinted at a bigger and more eventful year for the local capital market. This follows the SC's plans to introduce a slew of new initiatives after the domestic market...

AirAsia eyes more affiliates this year.
March 29, 2012... Byline: Presenna Nambiar KUALA LUMPUR: AIRASIA Bhd will announce a few more joint venture airlines this year, which could include AirAsia Korea. Speaking to Business Times via telephone from Manila yesterday, AirAsia group chief executive...

Mideast, China firms in lead to replace Rio Tinto.
March 29, 2012... Byline: Desmond Davidson KUCHING: Two companies, one each from China and the Middle East, have emerged as the frontrunners from a "long list of companies" to replace Rio Tinto plc, which has pulled out of a deal to set up an aluminium smelter...

Shell expects PD diesel facility to begin ops by Q4.
March 29, 2012... Byline: Kamarul Yunus KUALA LUMPUR: Shell Malaysia is optimistic that its US$240 million (RM734 million) new diesel processing facility at its existing refinery in Port Dickson, Negri Sembilan, will commission and start operations by the...

Mid Valley Johor in the making.
March 29, 2012... Byline: Sharen Kaur KUALA LUMPUR: IGB Corp Bhd is replicating Mid Valley City here in Johor with the project's gross development value exceeding RM6 billion, its chief said. The megamall project in Johor Baru is the second such development...

Kontena Nasional upbeat on growth.
March 29, 2012... Byline: Cheryl Yvonne Achu KUALA LUMPUR: Kontena Nasional Bhd, a container haulier and logistics services provider, expects turnover to grow up to 18 per cent this year. Its chief executive officer (CEO) Hood Osman said the company is the...

Lynas issue won't disrupt FTA talks with Australia.
March 29, 2012... Byline: June Ramlee KUALA LUMPUR: THE issue of Lynas Corp's rare earth plant will not disrupt talks on the proposed Free Trade Agreement (FTA) negotiations between Malaysia and Australia, slated to take place in a few days. International...

Petronas, Total to study production potential of K5 gas field.
March 29, 2012... KUALA LUMPUR: National oil company Petroliam Nasional Bhd (Petronas) has teamed up with Total of France to study the development and production potential of K5, a high-carbon dioxide gas field offshore Sarawak. In a statement yesterday,...

Malaysian contingent gets Maxis incentives.
March 29, 2012... Byline: Goh Thean Eu KUALA LUMPUR: MAXIS Bhd, the country's largest mobile operator, has tied up with the Olympic Council of Malaysia (OCM) as its official mobile service provider for the 2012 London Olympic Games. The partnership allows...

Supercomnet plunges to 21 sen.
March 29, 2012... KUALA LUMPUR: Supercomnet Technologies Bhd's shares plunged to 21 sen yesterday from 36 sen after a potential investor, Mohd Nazifuddin Mohd Najib, said he would not pursue an option to buy an 18.66 per cent stake in it. The counter was the...

RM20m plan for Pizza Hut expansion.
March 29, 2012... Byline: Zurinna Raja Adam KUALA LUMPUR: LOCAL franchise holder of Pizza Hut, QSR Brands Bhd, is allocating RM20 million for its business expansion this year. The group plans to opens 20 more Pizza Hut Delivery (PHD) stores, with a...

Bintai Kinden venture bags 2 S'pore jobs.
March 29, 2012... KUALA LUMPUR: A joint venture between Bintai Kindenko Pte Ltd, a unit of Bintai Kinden Corp Bhd, and South Korea-based Samsung C&T Corp has secured two projects in Singapore worth RM405 million. In a statement to Bursa Malaysia yesterday,...

Gamuda Q2 net profit up at RM147.3m.(Financial report)
March 29, 2012... KUALA LUMPUR: Gamuda Bhd's net profit for the second quarter ended January 31 2012 rose to RM147.3 million from RM96.97 million recorded in the same period last year. In a statement to Bursa Malaysia yesterday, revenue increased to RM769.33...

KeyWest expects O&G venture to fuel profit.
March 29, 2012... Byline: Roziana Hamsawi SHAH ALAM: KEY West Global Telecommunications Bhd (KeyWest) expects its proposed venture into the oil and gas sector to make it profitable again from 2013 onwards. Its executive director Stephen Ng said the proposed...

Cypark units in green energy pact with TNB.
March 29, 2012... KUALA LUMPUR: Cypark Resources Bhd, via two wholly-owned subsidiaries, Cypark Suria (Pajam) Sdn Bhd and Cypark Suria (Negeri Sembilan) Sdn Bhd, has signed renewable energy power purchase agreement with Tenaga Nasional Bhd (TNB) for a...

Panasonic: Sales may drop to RM1.85b.
March 29, 2012... Byline: Bilqis Bahari KUALA LUMPUR: Panasonic Malaysia Sdn Bhd expects sales for its current fiscal year ending March 31 2012 to be RM1.85 billion, short of RM500 million from the initial target of RM1.9 billion. Managing director Jeff Lee...

UMW upbeat despite stricter lending rules.
March 29, 2012... Byline: Goh Thean Eu PETALING JAYA: UMW Toyota Motor Sdn Bhd is maintaining its year-end sales target of 93,000 units, despite the stricter lending guidelines imposed by Bank Negara Malaysia (BNM). "Looking at the current situation, we are...

Khairy to take over as PUNB chairman on April 1.
March 28, 2012... Byline: June Ramlee KUALA LUMPUR: Rembau Member of Parliament Khairy Jamaluddin will become chairman of Perbadanan Usahawan Nasional Bhd (PUNB) from April 1. Khairy, who is also Umno Youth chief, will replace current PUNB chairman Tan Sri...

Khazanah to use sukuk proceeds for new deals.
March 28, 2012... Byline: Adeline Paul Raj KUALA LUMPUR: KHAZANAH Nasional Bhd will use the US$357.8 million (RM1.09 billion) raised from its recent landmark exchangeable sukuk issue to fund upcoming investments in the Asian region. "We have some deals in...

Goldman Sachs revises GDP forecast for Malaysia.
March 28, 2012... Byline: Presenna Nambiar KUALA LUMPUR: Financial giant Goldman Sachs has cut its gross domestic product (GDP) growth projection for Malaysia to 3.8 per cent this year, slightly lower than Bank Negara Malaysia's 4 to 5 per cent range. In...

MAS to fly AirAsia X passengers from four cancelled routes.
March 28, 2012... KUALA LUMPUR: Malaysia Airlines (MAS) has signed a re-accommodation agreement (RA) with AirAsia X to accommodate the latter's passengers on four routes cancelled byusing excess capacity on Malaysia Airlines flights. The four routes involve...

'We're on track to high-income status'.
March 28, 2012... Byline: Kamarul Yunus KUALA LUMPUR: MALAYSIA is on the track to achieve a high-income nation status, with the country's per capita income stood at US$9,400 as of last year, Minister in the Prime Minister's Department Senator Datuk Seri Idris...

Big money in generic drugs.
March 28, 2012... Byline: June Ramlee KUALA LUMPUR: IN the next 10 years, the world's best-selling drugs, worth about RM435 billion in annual sales, are set to go off-patent. Once the major blockbusters lose their patent protection, there are immense...

Healthcare sector a powerful engine of economic growth.
March 28, 2012... Byline: June Ramlee KUALA LUMPUR: The healthcare industry in Malaysia has become a powerful engine of economic growth due to demographic shifts, increasing affluence and changing lifestyles. The three key sub-sectors of the larger...

39 SMEs make their mark.
March 28, 2012... Byline: June Ramlee PUTRAJAYA: A TOTAL of 39 small and medium enterprises (SMEs) have been certified with the National Mark of Malaysian Brand since the brand recognition was introduced three years ago. These companies have been rated...

Nazifuddin not buying stake in Supercomnet.
March 28, 2012... KUALA LUMPUR: Supercomnet Technologies Bhd says it has received a letter from Mohd Nazifuddin Mohd Najib indicating that he will not be pursuing the option to purchase the 18.66 per cent stake in the company. The company's major shareholder Wu...

Cahya Mata, Rio Tinto scrap smelter pact.
March 28, 2012... KUALA LUMPUR: Cahya Mata Sarawak Bhd (CMS)'s unit Samalaju Aluminium Industries Sdn Bhd and Rio Tinto plc's unit Rio Tinto Aluminium (Malaysia) Sdn Bhd (RTA) have mutually terminated the pact on planned Sarawak smelter project and the memorandum...

Suspension of Key West shares today.
March 28, 2012... KUALA LUMPUR: Key West Global Telecommunications Bhd shares are suspended for the duration of trading today. The company did not provide details for the suspension, but it is due to hold a press conference this morning after a signing ceremony...

Japan agency keen to fund projects here.
March 28, 2012... Byline: Sharen Kaur KUALA LUMPUR: THE Japan International Cooperation Agency (Jica) is offering soft loans for several government-funded projects, such as the MY Rapid Transit (MRT) project. Jica senior representative for Malaysia Khoyo...

Naza Kia offers chance to win tickets to Euro match in Ukraine.
March 28, 2012... KUALA LUMPUR: Naza Kia Malaysia is giving participants of its Test Drive Kia On Tour a chance to win tickets to a Euro 2012 football match in Ukraine. Chief operating officer Datuk Hafiz Syed Abu Bakar said visitors could win tickets to the...

New Focus to drive Ford's sales.
March 28, 2012... Byline: Zuraimi Abdullah BANGKOK: THE next-generation Ford Focus made its Asean debut here yesterday with Ford Motor Company expecting an overall production of two million units during its lifespan. The car, launched at the Bangkok...

Eyes on Langkawi's cable car operations.
March 28, 2012... Byline: Marina Emmanuel GEORGE TOWN: A COMPANY controlled by businessman Tan Sri Syed Mokhtar Al-Bukhary is believed to be in the running to take over Langkawi's cable car operations. Business Times has learnt that the tycoon is keen to...

Clarion sounds challenge with 'Mirage' car stereo.
March 28, 2012... Byline: Marina Emmanuel GEORGE TOWN: A home-grown automotive-grade car stereo system is set to take the automotive world by storm once the Penang-based company begins shipping it soon. Clarion Malaysia's "Clarion Mirage", which was...

'MTDC has helped 89 tech firms under 9MP'.
March 28, 2012... Byline: Roziana Hamsawi SERDANG: Half of 178 technology companies that received grants from the Malaysian Technology Development Corporation (MTDC) under the Ninth Malaysia Plan (9MP, 2006-2010) had successfully penetrated the global market....

Lada likely to take over cable car services.
March 27, 2012... KUALA LUMPUR: Langkawi Development Authority (Lada) will likely take over the operations of the island's top tourist attraction, the cable car services, from Syarikat Prasarana Negara Bhd by the end of this year. Business Times understands...

Bank Rakyat pays 20pc dividend.
March 27, 2012... Byline: Zurinna Raja Adam SHAH ALAM: BANK Kerjasama Rakyat Malaysia Bhd (Bank Rakyat) yesterday declared a 20 per cent dividend for its financial period ended December 31 2011, on the back of a record net profit. The payment will involve a...

UEM Land targets more foreign joint venture deals.
March 27, 2012... Byline: Sharen Kaur KUALA LUMPUR: UEM Land Holdings Bhd hopes to seal joint venture (JV) deals with major property developers in India, Vietnam and Myanmar by year-end, as part of its aspiration to become a global property player by 2015. ...

Elevator maker EITA to lift profile with listing.
March 27, 2012... KUALA LUMPUR: Elevator manufacturer and electrical and electronics components distributor, EITA Resources Bhd has received the nod from Securities Commission to list its shares on the local bourse within the first half of this year. In a...

MARC: Curb non-bank lending.
March 27, 2012... KUALA LUMPUR: MALAYSIA should consider limiting the amount of lending by non-bank institutions to curb household debt, says Malaysian Rating Corp Bhd (MARC). Bank Negara Malaysia data indicates that in the past few years, loans extended by...

Sanofi-Aventis looks to grow its Asian business.
March 27, 2012... Byline: Vasantha Ganesan KUALA LUMPUR: FRENCH pharmaceutical firm Sanofi-Aventis (Malaysia) Sdn Bhd aims to more than double its revenue in 2012, says its local chief. The pharmaceutical company is expecting the increase to be largely...