30 Sep 2011 - 5:15pm
KUALA LUMPUR, Sept 30 (Bernama) -- Permodalan Nasional Bhd (PNB), which has made a mandatory general offer to take over property developer, SP Setia Bhd, is accumulating the shares in the open market. In a filing to Bursa Malaysia, SP Setia said PNB has bought 23.5 million shares in the open market at RM3.868 a share, about...
30 Sep 2011 - 1:40pm
BINTULU: Sarawak-based Petra Energy Berhad is looking at buying more work barges, work boats and supply vessels to support its increasing role in the offshore brown field work, particularly in the oil and gas hubs in Sabah and Sarawak. Executive director and chief operating officer Ahmadi Yusoff said the proposed aquisitions will be premised on a...
29 Sep 2011 - 3:31pm
HELSINKI - The world's largest mobile phone maker Nokia said Thursday it planned to cut 3,500 jobs in Romania, Germany and the United States by the end of 2012.
"Nokia plans to close its manufacturing facilities in Cluj, Romania, by the end of 2011 ... and plans to close its (locations and commerce development) operations in Bonn, Germany...
29 Sep 2011 - 2:56pm
BEIJING - Jimmy Choo founder Tamara Mellon said Thursday the upscale shoemaker hopes to open up to 50 stores in China over the next five years in what she dubbed an "exciting" market for high-end goods.
China is the world's fastest-growing market for luxury products and an ongoing economic boom is creating new dollar billionaires every year in a...
28 Sep 2011 - 4:51pm
KUALA LUMPUR: Bursa Malaysia Derivatives Berhad's (BMD) total trading volume hit a record of 6.228 million contracts as of the close of mid-day trading today, surpassing the previous annual high of 6.202 million contracts recorded for the whole of 2007. In a statement today, BMD said the contracts were the highest ever traded annually since 1980...
27 Sep 2011 - 1:06pm
SINGAPORE: Oil prices rose on Tuesday amid rumours that eurozone nations are planning steps to rescue debt-addled nations, analysts said. New York's main contract, light sweet crude for delivery in November, surged $1.41 to $81.65 per barrel in the afternoon. Brent North Sea crude for November delivery rose $1.15 to $105.09. ...
27 Sep 2011 - 11:50am
Tun Dr Mahathir Mohamad says he is aware of some negative reactions to the MAS/Air Asia deal and allegations that the new partner had cheated the national carrier. Sharing some of his views about the MAS and Air Asia operations and management, Dr Mahathir ...
26 Sep 2011 - 4:58pm
KUALA LUMPUR - Whilst the investigation on the Sime Darby Bhd and Eastern & Oriental Bhd acquisition is still ongoing and being handled by the Securities Commission’s commissioners, many question the fact that the SC's chairman, Tan Sri Zarinah Anwar, is still running the show as usual.
Blogger ciceromalaysia highlighted this...
25 Sep 2011 - 4:13pm
JOHOR BARU: The number of hotel rooms in this city is expected to total 3,000 by 2014, which is enough to cater for the demand of the Iskandar Malaysia region.
Mentri Besar Datuk Abdul Ghani Othman said that as the pace of investment in Iskandar quickened, the demand for rooms and service apartment was also expected to increase accordingly.
"Johor...
24 Sep 2011 - 2:59pm
HONG KONG: Apple threw open the doors to its first store in Hong Kong Saturday, its latest push to tap the booming China market, as protesters accused the technology giant of supporting sweatshop labour. The minimalist store spread over two floors in one of Hong Kong's most upmarket shopping malls is Apple's sixth outlet in China, launching...
