KUALA LUMPUR: Datuk Seri Mohd Nadzmi Mohd Salleh has resigned as Proton chairman and director effective immediately due to the change in shareholdings in Proton Holdings Bhd.
THE debate swirling around the Government’s intention to officially set the private sector’s retirement age at 60 raises a number of questions, none of which are new.
PETALING JAYA: Nine consortia and sole bidders have been shortlisted by the Energy Commission (EC) to participate in the tender process for the Prai combined-cycle gas turbine (CCGT) power project.
PETALING JAYA: Metronic Global Bhd and Ariantec Global Bhd said they were unaware of any factor that might have contributed to the sharp increase in the price and trading of their shares after the stock exchange issued unusual market activity queries to both the ACE Market companies.
PETALING JAYA: Mega First Corp Bhd and its 60.43% subsidiary, Rock Chemical Industries (M) Bhd, requested for trading suspension of its securities from 9am to 5pm yesterday, pending a material announcement. As of press time, both companies had yet to make any announcement.
PETALING JAYA: The Asean Capital Markets Forum (ACMF) announced yesterday that corporations in Malaysia, Singapore and Thailand would be able to enjoy an expedited review of secondary listings.
KUALA LUMPUR: EP Manufacturing Bhd (EPMB) made its foray into highway concession through its acquisition of Maju Expressway Sdn Bhd (MESB), the concession owner and operator of Maju Expressway (MEX), for a total RM1.15bil.
KUALA LUMPUR: Khazanah Nasional Bhd, via its special-purpose vehicle Broga Hill Investments Ltd, has acquired an 8.85% stake in John Keells Holdings Plc (JKH), Sri Lanka’s largest listed conglomerate, in a deal worth RM366mil.
CYBERJAYA: Malaysia expects the outsourcing industry to be worth RM1.9bil next year, Trade and Industry Minister Datuk Seri Mustapa Mohamed said.
PETALING JAYA: The board of Esso Malaysia Bhd is not seeking any alternative takeover offers after it received notice of an unconditional takeover offer from San Miguel Corp (SMC).
KUALA LUMPUR: Barisan Nasional (BN) is expected to win a stronger mandate from the people in the upcoming general election, which is expected to be held in the middle of this year, said Credit Suisse in a note to its clients.
PETALING JAYA: The board of AsiaEP Resources Bhd, led by its executive chairman-cum-managing director Dr Tan Boon Nunt, has filed a suit against Lestari Pasifik Bhd and seven other defendants.
KUALA LUMPUR: The Malaysian Communications and Multimedia Commission (MCMC) said it has not issued a memo to telecommunication companies instructing them to be prepared for a proposed 6% tax on prepaid phone subscribers.
PETALING JAYA: Jordone Group Bhd (JGB), which specialises in brand building, concept development, fashion designing, marketing, distribution and retailing for casual and business wears, is seeking a listing on Bursa Malaysia Main Market.
KUALA LUMPUR: Malaysia’s largest homegrown pharmaceutical group Pharmaniaga Bhd plans to expand its market in the Middle East and South-East Asia, particularly Saudi Arabia, Indonesia, Myanmar and Vietnam.
Datuk Jaffar Indot answers your 10 questions.
From teacher to university chancellor, she talks about what education means and why, after 40 years, she is still passionate about teaching.
RIGID labour laws are a major obstacle to setting a higher retirement age for the private sector because employers are reluctant to retain those they deem as unfit for any number of reasons, including disciplinary and health reasons.
WITH Malaysia in the final stages of drafting a new law to increase the retirement age in the private sector from 55 to 60, retirees can look forward to the opportunity of working longer and earning more money.
WITH the world’s population growing older, there will be a lot more elderly people willing and able to work longer periods in their lives in both developed and emerging economies.
P. Gunasegaram outlines the reasons why the Malaysia Airlines-AirAsia alliance should be aborted.
Errol Oh discusses the significance of listed companies disclosing why their highranking officers tender their resignations.
Andrew Sheng looks at how banks in the US and Europe changed roles and working culture, and how this would impact the future of the banking industry in Asia.
Tan Thiam Hock gives his take on high margin business opportunities and who should consider them.
PRIME Minister Datuk Seri Najib Tun Razak’s approval ratings rebounded strongly in the latest Merdeka Centre polls, climbing to 69% from 59% in August last year.
Privatisation via the acquisition of assets and liabilities route, despite the revision of the Listing Requirements (LR) on the shareholders’ approval threshold, from 50% to 75% by the Securities Commission and Bursa Malaysia on Jan 28, 2011 has not appeared to have dwindled. Neither has its success rate been reduced.
Angie Ng feels that development projects need to consider building communal camaraderie as much as erecting concrete structures in a place.
Teh Lip Kim gives reasons why now is as good a time as ever for property buy ers to take their cheque books out.
KUALA LUMPUR: Zelan Bhd shares rose as much as 7.5% in early trading, the biggest intraday gain in two weeks, after the company signed a 25-year concession agreement with the Government.
PETALING JAYA: Affin Investment Bank Bhd plans to have three more stockbroking branches this year after the launch of its latest branch at SEA Park.
KUALA LUMPUR: Kenanga Investment Bank Bhd, a subsidiary of K&N Kenanga Holdings Bhd, has launched its sixth branch in Batu Pahat, Johor.
Shares on Bursa Malaysia started out the new week little changed above the flat line, with the FBM Kuala Lumpur Composite Index (FBM KLCI) advancing 0.83 of a point to 1,579.83, extending the previous session’s gain on follow-through buying, spurred by the steadier US markets overnight.
AFTER a steep rally, mTouche Technology Bhd pulled back from the top on correction owing to an apparent profit-taking activity, dragging prices down from the 51.5 sen level on Feb 27, the highest in four years, to a low of 39.5 sen in late March before bouncing off in the wake of renewed bargain hunting interest.
PETALING JAYA: Proton Holdings Bhd is optimistic of achieving monthly sales of 4,000 units for its new model, codenamed P3-21A, group managing director Datuk Seri Syed Zainal Abidin Syed Mohamed Tahir said.
PETALING JAYA: Amanah Raya Bhd (AmanahRaya) is likely to make an announcement on its new group managing director after a board meeting to be held soon, sources said.
PETALING JAYA: The elevated price of crude oil, which translates into higher costs, will continue to be the main concern among Asean economies as they face a slowdown in growth due to a drop in exports.
Malaysia’s first special purpose acquisition company (SPAC) Hibiscus Petroleum Bhd, which raised RM234mil from its initial public offering in July 2011, will soon come out of its SPAC status to become a Main Market company.
Petaling Jaya: OSK Property Holdings Bhd has proposed a renounceable one-for-10 rights issue of up to 23.74 million new shares in OSK Property together with up to 71.21 million free detachable warrants on the basis of three warrants for each rights share subscribed to, on an entitlement date to be determined later.
RESIDENTIAL properties in Melbourne, Australia can be an attractive option for Malaysian property investors, despite the high exchange rate of the Australian dollar vis-a-vis the ringgit (A$1 equals RM3.20) and restrictions on foreign buyers, property consultants concur.
AUS Property Corp co-founder Steve Galanos says that foreigners investing from abroad should focus more on buying landed residential units.
HOUSEWIFE Aminah, 45, finds that she has to fork out at least RM150 more on her weekly grocery shopping compared with more than a year ago.
SINGAPORE: The city-state’s exports recovered strongly in February, led by electronics and pharmaceuticals, providing an early sign the picture could brighten for Asia’s trade-dependent economies.
SINGAPORE: The Monetary Authority of Singapore (MAS) and the European Securities and Markets Authority (ESMA) have signed a memorandum of understanding (MoU) on the supervision of credit rating agencies.
BEIJING: The World Bank has approved a US$200mil loan to China to help finance the construction of the ZhangHu (Zhangjiakou-Hohhot) railway line.
NEW DELHI: The Indian government played it safe in unveiling its 2012/13 budget, pledging reforms but setting only modest targets for trimming a ballooning fiscal deficit, disappointing bond market investors.
LONDON: APG, one of Europe’s largest asset managers, has criticised Goldman Sachs Group Inc for not communicating quickly enough with clients after ex-banker Greg Smith’s public condemnation of the way the bank treats its clients.
FRANKFURT: German Chancellor Angela Merkel has tipped Finance Minister Wolfgang Schaeuble to take over as head of the Eurogroup of eurozone finance ministers, a newspaper reported yesterday.
TOKYO: The head of the World Trade Organisation (WTO) has played down a dispute over China’s controls on exports of rare earth minerals, saying it was unlikely to escalate into a trade war.
MADRID: Spain’s public debt soared to a record 68.5% of economic output at end-2011, Bank of Spain figures show.
WITH technological advancements and the world moving at a crazy-rapid pace, companies need to engage public relations (PR) firms at management meetings to make critical, crisis-avoiding decisions.
ONE cannot trivialise the impact of digital media, writes HARMANDAR SINGH.
The writers discuss why leaders need to build and maintain credibility and say how this could be done.
Compiled by THEAN LEE CHENG.