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 30, 2012
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
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
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
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
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
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 :http://www.bernama.com/bernama/v6/newsbusiness.php?id=659369
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 :http://www.bernama.com/bernama/v6/newsbusiness.php?id=659369
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