Business Times (Malaysia) articles from September 2009, page 5

Business Times (Malaysia) archives from September 2009

Renault Trucks banks on dam construction to boost sales.
September 3, 2009... Byline: Sulok Tawie RENAULT Trucks Malaysia Sdn Bhd is banking on the proposed construction of 12 dams in Sarawak to help boost sales of its trucks in future. "Many heavy duty trucks will be needed for the construction of the dams," its...

Reliance Pacific travel website poised to see sales triple.
September 3, 2009... Byline: June Ramlee RELIANCE Pacific Bhd expects to triple sales from its online travel website to RM60 million next year as the tourism industry recovers from the global recession and effects of the influenza A (H1N1) pandemic. The...

Signforce takes on 4 new hotel management jobs.
September 3, 2009... Byline: Vasantha Ganesan SIGNFORCE Sdn Bhd, an established name in the hospitality circle, has confirmed it will manage four new hotels by 2012. Two of the jobs will be in Doha, Qatar, and the other two in Pahang and Sabah. It is also...

Shell plans to expand Bintulu wax plant.
September 3, 2009... Byline: Kamarul Yunus ROYAL Dutch Shell plans to invest US$90 million (RM318.6 million) to expand its wax plant at Shell MDS (Malaysia) Sdn Bhd's gas-to-liquid (GTL) plant in Bintulu, Sarawak. An official with Shell Malaysia said the...

New township project to spur Hua Yang growth.
September 3, 2009... PROPERTY developer Hua Yang Bhd plans to build a township in Kulaijaya Johor, with a gross development value of RM350 million, to expand. It recently bought 56.3ha freehold land in Johor for RM35.15 million. Located on both sides of the...

RIM unveils BlackBerry Curve 8520.
September 3, 2009... Byline: Hamisah Hamid BLACKBERRY maker Research in Motion (RIM) launched its latest model, the BlackBerry Curve 8520, following rising consumer interest in smartphones in Malaysia. "BlackBerry Curve 8520 is targeted at individuals who have...

Supermax may stage follow-through rebound.
September 3, 2009... Byline: S.N. Lock SHARE prices on Bursa Malaysia continued to stage their follow-through consolidations for the second consecutive trading day yesterday. Its overall declining counters outpaced its advancing counters by 423 to 181. The...

Need for more studies on proposed Malacca Strait bridge.
September 3, 2009... Byline: Kamarul Yunus AT LEAST three more studies need to be undertaken on the proposed US$12.5 billion (RM44.25 billion) bridge over the Straits of Malacca, before the project can take off, said the project's promoter Straits of Malacca...

EPF has substantial stake in Mah Sing.
September 3, 2009... THE Employees Provident Fund has emerged as the substantial shareholder of Mah Sing Group Bhd, a property firm. The pension fund bought 31.7 million shares of Mah Sing or 5.03 per cent on August 26, the company's filing to Bursa Malaysia showed.

MSC plans to divest 22.1pc holding in Aussie's Beaconsfield.
September 3, 2009... Byline: Kamarul Yunus MALAYSIA Smelting Corp Bhd (MSC) has proposed to divest its 22.1 per cent stake in Australia's Beaconsfield Gold NL, just over a year after taking a major stake in the company. In a statement, Beaconsfield Gold said...

Analysts raise target for stock market.
September 3, 2009... Byline: Chong Pooi Koon STOCKBROKERS, including CIMB Research, have turned more bullish on the local benchmark target for this year and next, after the strong rebound in second quarter earnings further boosted confidence. After the August...

Tabung Haji eyes Europe properties.
September 3, 2009... Byline: Anis Ibrahim MUSLIM fund manager Tabung Haji is looking to invest in properties in Europe to expand its scope of investments. Its chief executive officer Datuk Ismee Ismail said London was one of the locations the company was...

UBG buys oil firm Pearl Thailand.
September 3, 2009... UBG Bhd, a construction group, made its first oil and gas investment as it agreed to buy a Thailand exploration company for US$19 million (RM67.3 million) in cash. It will buy Pearl Thailand (Holdings) Ltd, from Pearl Energy Ltd, a firm owned...

Yoong Onn gets SC nod for Bursa listing.
September 3, 2009... YOONG Onn Corp Bhd, an integrated designer, manufacturer and distributor of home linen, has obtained approval from the Securities Commission to be listed on the main market of Bursa Malaysia Securities Bhd. In a statement released in Kuala...

UMW Toyota upbeat on new Camry.
September 3, 2009... Byline: Zuraimi Abdullah UMW Toyota Motor Sdn Bhd yesterday launched an upgraded Toyota Camry with its president Kuah Kock Heng expecting a monthly sales of more than 1,000 units. The Camry is a popular large sedan with nearly 71,000 units...

OCBC to grow business here as economy rebounds.
September 2, 2009... Byline: Chong Pooi Koon OCBC BANK (Malaysia) Bhd, a unit of Singapore's Oversea-Chinese Banking Corp Ltd, is shifting its strategy back to growing the business instead of saving cost as the economy recovers. It wants to expand the credit...

Perdasama seminar for those keen on becoming suppliers to Mindef.
September 2, 2009... THE Malay Traders and Industrialists Association of Malaysia (Perdasama) expects to attract 500 participants to its upcoming Defence Support Services Industry seminar, which provides information and networking opportunities to those interested...

Valiram set to start operations at Sentosa resort in December.
September 2, 2009... Byline: Presenna Nambiar LUXURY brands retailer Valiram Group expects to register more than RM300 million in sales in its first year of operation at Resorts World in Sentosa, Singapore. The Valiram group is Malaysia's leading luxury good...

Labuan's offshore industry stays on growth path.
September 2, 2009... Byline: Rupinder Singh THE offshore industry in Labuan has continued to grow, albeit at a slower pace, despite the global economic downturn. Labuan IBFC Inc Sdn Bhd chief executive officer Martin Crawford attributed the growth to its...

Shell confident RON95 will catch on.
September 2, 2009... Byline: Kamarul Yunus SHELL Malaysia expects more motorists will switch to or use RON95 fuel as the mandatory sales of such fuel at all service stations took effect yesterday. Shell Malaysia Trading Sdn Bhd managing director Datuk Mohzani...

Petronas upbeat on Primax 95 sales.
September 2, 2009... Byline: Kamarul Yunus PETRONAS Dagangan Bhd, the retail arm of Petroliam Nasional Bhd (Petronas), expects its RON95 fuel, or Primax 95, to register 95 per cent sales with its availability nationwide from yesterday. Its senior general...

Effendi is Encorp chairman.
September 2, 2009... ENCORP Bhd has appointed Senator Datuk Seri Mohd Effendi Norwawi as its executive chairman effective yesterday. This marks Effendi's return to the corporate scene. Effendi, 61, who founded ntv7, which he has since divested, was previously...

Don: Mismatch in laws of banking, finance industry likely to stay.
September 2, 2009... Byline: Rupa Damodaran THE mismatch between national and international laws of the banking and finance industry that had surfaced during the current economic crisis, is likely to remain, says a visiting British law professor. Professor Eva...

Epicor appointment.
September 2, 2009... EPICOR Software Corp has appointed Adam Chang Say Leong as its territory manager for Malaysia from July 13. Among Chang's responsibilities will be expanding Epicor's business opportunities in Malaysia and Vietnam across the manufacturing,...

Parkson may stage mild technical rebound.
September 2, 2009... Byline: S.N. Lock SHARE prices on Bursa Malaysia continued to stage their follow-through consolidations yesterday. Overall declining counters outpaced advancing counters by 448 to 171. The FTSE Bursa Malaysia Composite Index (FBM KLCI)...

Mines Excellence eyes Bukit Beruntung resort.
September 2, 2009... Byline: Sharen Kaur PROPERTY developer Mines Excellence Golf Resort Bhd said it is in talks with the the Selangor state government to acquire the Bukit Beruntung Golf & Country Resort. "We are talking to the state government now. They...

'Go for smaller-cap, value stocks'.
September 2, 2009... Byline: Adeline Paul Raj INVESTORS should go for smaller-capitalised and value stocks as the Malaysian stock market, deemed expensive currently, is expected to trade range-bound over the next few months, analysts said. The market, which is...

Oilfab gets Carigali Hess job.
September 2, 2009... OILFAB Sdn Bhd, a unit of Oilcorp Bhd, has won a contract from Carigali Hess Operating Co Sdn Bhd to provide a project management team (PMT), onshore fabrication, logistic support, offshore hook-up, and construction and commissioning to Carigali...

Roxul Asia targets turnaround, looking for new jobs in region.
September 2, 2009... Byline: Sharen Kaur ROXUL Asia Sdn Bhd, a unit of the Denmark-listed Rockwool Ltd - the world's largest stone wool supplier, is scouting for fresh jobs in Asia-Pacific including Malaysia, to help turn around the company. The Malacca-based...

Green project on Hunza's drawing board.
September 2, 2009... Byline: Melissa Darlyne Chow PROPERTY developer Hunza Properties Bhd will embark on a green concept residential development project in Tanjung Bungah, Penang. Its executive chairman Datuk Khor Teng Tong said the project is a joint venture...

Estate owners submit their budget wishes.
September 1, 2009... THE Malaysian Estate Owners Association (MEOA), which consists of oil palm plantation companies, has outlined its wishes for Budget 2010 and three main items top its agenda. It wants the government to make biodiesel use mandatory, scrap the...

TNB pushes for use of nuclear energy.
September 1, 2009... Byline: Zuraimi Abdullah MALAYSIA will have its maiden nuclear power plant 15 years from the day it starts working on the project, Tenaga Nasional Bhd (TNB) president and chief executive officer Datuk Seri Che Khalib Mohamed Noh said. The...

Firm buoyed by online sales.
September 1, 2009... Byline: Zuraimi Abdullah SINGAPORE'S Tyrepac Pte Ltd is targeting US$30 million (RM106 million) revenue in three years from selling tyres on the Internet, its senior executive said. Last week, Tyrepac launched the Malaysian branch of its...

Trade fairs going the way of dinosaurs?
September 1, 2009... Byline: Noharuddin Nordin INTERNATIONAL trade fairs have been an integral part of global marketing, dating back to more than one and a half century, when the inaugural World's Fair was held in the Crystal Palace, London in 1851. However,...

Sweet sendoff for passengers at LCCT.
September 1, 2009... ERAMAN's duty-free emporium at the international departure hall of the low-cost carrier terminal (LCCT) is spacious, yet passengers were squeezing into one corner at the front of the store. The budget airline passengers - adults and kids -...

Tourists from China, India to keep Eraman's tills ringing.
September 1, 2009... Byline: Hamisah Hamid THE current global economic crisis has not and is not expected to have a major impact on passenger spending at duty free outlets at the low-cost carrier terminal (LCCT). In fact, Malaysia Airports (Niaga) Sdn Bhd...

Tohtonku to widen reach, eyes Middle East and India.
September 1, 2009... Byline: Kamarul Yunus TOHTONKU Sdn Bhd, a Penang-based manufacturer and distributor of personal care and household products, expects revenue to grow 18 per cent this year, driven by demand for its top brandname product, Follow Me. Its...

Bata to expand 'footprint' in Malaysia.
September 1, 2009... Byline: Zuraimi Abdullah SONJA Bata, the matriarch of Bata Shoes, says the Switzerland-based shoemaker wants to expand its business in Malaysia by opening more retail outlets. But setting up a new production site will unlikely be featured...

Q2 earnings signal better times ahead.
September 1, 2009... Byline: Goh Thean Eu THE recently concluded April-June reporting season has strengthened analysts' view that better times are just around the corner although most Malaysian top firms registered lower profits. The analysts believe that...

Don't rely on govt subsidies to kickstart business, Bumis told.
September 1, 2009... Byline: June Ramlee BUMIPUTERA entrepreneurs have been advised not to rely on government subsidies as their main resource to kickstart business. Bank Perusahaan Kecil & Sederhana Malaysia Bhd (SME Bank) assistant vice-president and...

Success Formula makes it easier to track performance.
September 1, 2009... Byline: Presenna Nambiar AS key performance indicators (KPIs) become a catch phrase for not only the corporate world but also governments, one wonders whether there is a success formula to coming up with KPIs. "Most organisations fail to...

Safe deposit box operator looks to tie-ups for expansion.
September 1, 2009... Byline: Vasantha Ganesan SAFE deposit box operator HSJ Dhaliwal Sdn Bhd said tie-ups with growing companies that have existing clients will help it to expand faster. HSJ, which operates the Royal Safe Deposit Box (RSDB), yesterday entered...

Identify strengths to be competitive.
September 1, 2009... Byline: Rupa Damodaran MALAYSIA, in its quest for a new economic model to chart future growth, needs to determine its own strengths. "We have to find our niche, what we are strong in and our comparative advantages. To find solutions, we...

PLUS en route to better revenue, net profit.
September 1, 2009... Byline: Sharen Kaur PLUS Expressway Bhd, the country's biggest toll road operator, expects net profit and revenue to grow this year because of higher traffic volume on its highways, its managing director Noorizah Abd Hamid said. For the...

Tanjung Rhu Resort eyes niche market.
September 1, 2009... Byline: Vasantha Ganesan LUXURY hotel Tanjung Rhu Resort Langkawi plans to build villas at the 8ha resort to capture a new and niche market segment. A total of 20 villas with private swimming pool are scheduled to be built and completed by...

Tropicana Juice Plus for those on the go.
September 1, 2009... PERMANIS Sdn Bhd, a beverage maker and distributor, has introduced a new juice brand, Tropicana Juice Plus, to meet growing demand for healthy products in Malaysia. Tropicana Juice Plus CalciumBoost and Tropicana Juice Plus AntioxidantBoost...

Magna Prima unit to buy Ibsul for RM3.5m.
September 1, 2009... PROPERTY developer Magna Prima Bhd said its wholly-owned unit will buy Ibsul Development Sdn Bhd for RM3.5 million. It told Bursa Malaysia that its unit, Winicon (M) Sdn Bhd, has entered into a deal with Datuk Ahmad Shafee Sabaruddin and Mohd...