Total Pageviews

Monday, April 30, 2012

Puncak Niaga Gets RM500 Million Contracts In Oil & Gas Sector

9 Jamadilakhir 1433

SHAH ALAM, April 30, 2012- Puncak Niaga Holdings Bhd, which ventured into the oil and gas industry last year, has managed to secure contracts worth RM500 million, said its executive chairman Tan Sri Rozali Ismail.

Its involvement in the industry is via wholly-owned unit, Puncak Oil and Gas Sdn Bhd (POG), which had stakes in Global Offshore (M) Sdn Bhd and KGL Ltd last year.

Rozali said the company has been involved in many projects here and was ready for expansion overseas after recruiting experienced and capable staff to expand the oil and gas operations.

More information: BERNAMA

Monday, April 23, 2012

10 More Companies Will Be Disposed

2 Jamadilakhir 1433

PUTRAJAYA, April 23, 2012 - Prime Minister Datuk Seri Najib Tun Razak announced the disposal of another 10 companies -- five under the Permodalan Nasional Berhad (PNB) stable and another five subsidiaries of Khazanah Nasional Bhd.

The disposal was to enable all the companies to be handed back to Bumiputera companies through open tenders, said Najib, who is also Finance Minister.

The decision was made at the two-hour Bumiputera Agenda Action Council meeting chaired by Najib, here Monday.

The prime minister said the decision would facilitate PNB, Malaysia's biggest fund manager, and Khazanah, the government's investment arm, to dispose non-core businesses besides providing the opportunity to potential and proven track record Bumiputera firms to take over the companies to develop them further.

More information : BERNAMA

Sunday, April 22, 2012

Lodge Police Report If Loan Interest Excessive

30 Jamadilawal 1433

BACHOK, April 21, 2012- Those cheated by licensed money-lending companies into paying up to 30 per cent monthly interest should lodge a police report, said Finance Deputy Minister Datuk Dr Awang Adek Hussin.

"The guideline set by the government is that such companies should impose an interest of not more than 18 per cent," he told reporters after presenting the 1Malaysia People's Assistance (BR1M) to 660 farmers and fishermen from Jajahan Bachok in Kampung Pauh Sembilan here Saturday.

More information: BERNAMA

Friday, April 20, 2012

Bank Negara's International Reserves At RM416.6 Billion As At 13 April 2012

29 Jamadilawal 1433

KUALA LUMPUR, April 20, 2012 - Bank Negara's international reserves totalled RM416.6 billion (equivalent to US$135.8 billion) as at April 13.

More information: BERNAMA

Wednesday, April 18, 2012

Rich Indonesians Buy High-End Properties In Singapore

27 Jamadilawal 1433

JAKARTA, April 17,2012 - Many rich Indonesians are buying high-end properties in Singapore as a form of investment and their numbers exceeded other foreign nationals like the Chinese from China and Malaysians.

Director for residential marketing at Raffles Quay Asset Management, Thomas Yan, said Indonesians accounted for a large number of units of the Marina Bay Suites sold to foreigners.

More information : BERNAMA

Tuesday, April 17, 2012

Reserve Bank Of India Cuts Interest Rate First Time In Three Years

26 Jamadilawal 1433

NEW DELHI, April 17,2012. The Reserve Bank of India (RBI) has cut its interest rate by 50 basis points, first time in three years to boost waning growth.

With the cut, the repo rate under the liquidity adjustment facility would accordingly drop to eight per cent from 8.5 per cent previously, it said.

"Based on current assessment, the economy is clearly operating below its post-crisis trend. This is one of the considerations behind the policy move, it said.

More information: BERNAMA

Monday, April 16, 2012

Foreign Buyers Purchase Bursa-listed Shares Amounting To RM162 Million

24 Jamadilawal 1433

KUALA LUMPUR, April 16 , 2012- Bernama reported that shares on Bursa Malaysia continued to attract foreign buyers last week with RM162 million worth of stocks purchased against RM433 million bought the week before, says MIDF Research.

It was the ninth consecutive week of foreign buying and Malaysian stocks had overtaken Thailand as the region's biggest net beneficiary of foreign investment in equity for the year until last week.

Detail information at :

Friday, April 6, 2012

TM Expects Increase In Subscribers For Cloud Services

14 Jamadilawal 1433

KUALA LUMPUR, April 6,2012- Telekom Malaysia (TM) Bhd expects its customers for cloud services using Microsoft Office 365 software to increase this year.

Group Chief Executive Officer Datuk Seri Zamzamzairani Mohd Isa said the company currently has 20 customers comprising 2,000 users who are on trial for that service.

"Although they are currently on trial, we expect to convert them to permanent customers in the future and we foresee the number of customers to increase," he told reporters after the launch of TM Career and Education fair by the Deputy Minister of Higher Education Datuk Saifuddin Abdullah here today.

TM hoped those customers on trial will take up the service once the trial period has expired while it continued to look for potential customers.

"We believed the cloud service will be like the high-speed broadband service, UniFi, where for the first six months we only recorded 33,000 customers but after two years down the road, our customers have increased to over 300,000 at present," he said.

However, Zamzamzairani said following the introduction of the cloud service, the company planned to develop more Information Communication Technology (ICT) services for the small and medium entreprises.

"For a start, we have signed a partnership agreement with Microsoft for the Office 365 software to expand our cloud services offering by including it as part of TM's software services," he said, adding TM is also looking at other companies to enhance its cloud service.

On the development of UniFi service in other states, Zamzamzairani said TM will continue to expand coverage and is targeting to record 400,000 subscribers by year-end.

"UniFi is now enjoying a take-up rate of over 20 per cent of the premises passed, surpassing our initial estimates and expectations of eight to 10 per cent," he added.

The service is currently available at 81 exchange areas covering some 1.2 million premises. The areas are 64 in the Klang Valley, two in Penang, three in Kedah, nine in Johor and one each in Melaka, Negeri Sembilan and Perak.


Thursday, April 5, 2012

PNB To Hold Unit Trust Week In Kota Kinabalu From April 20

 14 Jamadilawal 1433

KUALA LUMPUR, April 5,2012- The 13th edition of the Unit Trust Week Malaysia (MSAM) will begin at the Kota Kinabalu Sports Complex, Sabah, in a fortnight.

Prime Minister Datuk Seri Najib Tun Razak is expected to declare open the Permodalan Nasional Bhd (PNB) annual fair on April 20 while Deputy Prime Minister Tan Sri Muhyiddin Mohd Yassin attend the closing ceremony on April 28.

The nine-day event was expected to draw 20,000 visitors, PNB President/CEO Tan Sri Hamad Kama Piah Che Othman said here Thursday.