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Why developer interest-bearing schemes should be banned

20 September 2014

The Developer Interest-Bearing Scheme (DIBS) is marketed in such a way whereby the house buyers pay a small down payment during the signing of the sale and purchase agreement (SPA).

Bukit Gambang Resort City is an integrated resort city within a 727-acre secondary jungle.

Sentoria riding high

20 September 2014

EARLY investors in Sentoria Group Bhd, whose Bukit Gambang Resort City (pic) in Kuantan, Pahang, is quietly gaining prominence among holidaymakers on the east coast, can breathe a sigh of relief.

Maybank Philippines unit eyes M&A

20 September 2014

MANILA: The Philippine unit of Malayan Banking Bhd (Maybank) is holding preliminary talks with merger and acquisition targets to expand its domestic business, particularly consumer lending, its top official said.

Tan (left) and Chooi. The company, which recently purchased five parcels of land measuring 38.86 acres in Negeri Sembilan for RM50.78mil, will utilise part of the land to develop a new manufacturing facility.

Kitchen cabinet maker expanding production facilities

20 September 2014

SIGNATURE International Bhd (SIB), a wardrobe provider, distributor and retailer of modular kitchen systems, is building more production facilities to cater to future demand.

Datuk Seri Nazir Razak

On the cusp of change

20 September 2014

Scion of prominent Malaysian political family set CIMB Group on track to become leading financial services firm in Asia.

China fines drugmaker GSK record US$489m

20 September 2014

SHANGHAI/LONDON: China fined GlaxoSmithKline Plc a record 3 billion yuan (US$489 million / £298.7 million) on Friday for paying bribes to doctors to use its drugs, underlining the risks of doing business there while also ending a damaging chapter for the British drugmaker.

Dr M shows concern over outflow of funds

20 September 2014

KUALA LUMPUR: Former Prime Minister Tun Dr Mahathir Mohamad has expressed his concerns over local institution funds including Employee Provident Fund investment into the overseas property market.

First 2 CMQIP factories to be ready soon

20 September 2014

QINZHOU: The first two factories at the China-Malaysia Qinzhou Industrial Park (CMQIP) here will be completed soon and commence operations by end of the year.

Forest City – more clarity please

20 September 2014

A MASSIVE project in Johor that will reclaim more than 2,000ha from the Straits of Johor and see a new island – or several connected islands – rising out of the sea abutting Singapore’s west coast is turning into a seemingly classic story of rampant big business, huge profits and nagging controversy.

CEOs should learn from Sony’s Hirai

20 September 2014

“I AM deeply sorry for shareholders and I, as a president, am taking this situation very seriously. I would like to take responsibility by finishing implementing structural reform efforts in this fiscal year and returning the company to profitability in the next fiscal year,” apologised Sony chief executive Kazuo Hirai for the electronics firm’s poor performace. He was front-paged in the Wall Street Journal bowing before a press conference in Tokyo this past Wednesday.

Highway poser

20 September 2014

GET your wallets out. This is basically the message from news that seven new highways are going to be built at a cost of RM20bil. These highways look like they are going to be tolled highways, with most of them catering to the growing population and vibrancy of Greater Kuala Lumpur.

Kossan unit signs MoU with IRT

20 September 2014

PETALING JAYA: Kossan Rubber Industries Bhd via its 70% owned subsidiary Doshin Rubber Products (M) Sdn Bhd has entered into a memorandum Of understanding (MoU) with China’s Institute of Rail Transit of Tongji University (IRT) for the purpose of a strategic alliance between the parties to design, manufacture and market development of rubber pads for floating tracks.

KTB rights issue to raise RM60mil

20 September 2014

PETALING JAYA: Konsortium Transnasional Bhd (KTB), which is controlled by Tan Sri Mohd Nadzmi Mohd Salleh, will be raising some RM60.42mil from a rights issue exercise that will be utilised for working capital within three months of receiving the proceeds.

MCMC spectrum refarming on track

20 September 2014

KUALA LUMPUR: The Malaysian Communications and Multimedia Commission (MCMC) is on track to implement spectrum refarming in three to five years to allow telcos provide better quality service to consumers.

Petronas unit to make decision on Canada LNG plant by year-end

20 September 2014

VANCOUVER: Pacific NorthWest LNG, a unit of Malaysia’s Petronas, still plans to make a final decision on the construction of a liquefied natural gas (LNG) facility in northwest British Columbia by year-end, the unit’s president said.

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