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News in brief

Maybank shares surge on impressive earnings

Malayan Banking Bhd (Maybank) shares were traded higher yesterday after the country's largest banking group outdid its peers by posting an improved set of full year results.

Maybank, Khazanah, Persero bid for Indon bank

Malayan Banking Bhd (Maybank) said it has, together with Khazanah Nasional Bhd and PT Jaminan Sosial Tenaga Kerja (Persero), submitted a preliminary non-binding bid to buy a 51% stake in Indonesia's state-owned PT Bank Permata Tbk.

UEM Builders' prospects on RM2bil contracts good

UEM Builders Bhd's future prospects depend on its ability to secure four government contracts worth RM2bil.

Dr M: Proton needs foreign partner

Proton Holdings Bhd will select a foreign partner by the year-end to help it compete without government support, the company's special adviser, former prime minister Tun Dr Mahathir Mohamad, said.

Ranhill CEO: It’s all about good management and PR skills

FOR Ahmad Zahdi Jamil, the water business is all about having good management and public relations skills, and good service backed by an efficient infrastructure development.

Ranhill Utilities making big strides

RANHILL Utilities Bhd (RUBhd), has emerged as one of the leading water companies in Malaysia, with its services comparable with those operators in developed countries.

Ranhill Utilities’ first Asian venture

RANHILL Utilities Bhd (RUBhd), whose subsidiary SAJ Holdings Sdn Bhd (SAJH) owns a 30-year concession to supply and distribute water in Johor, is spreading its wings overseas with its first venture in an Asian country likely to be inked before the end of the year.

Ranhill keen on Khazanah stake in UEM Builders

RANHILL Bhd is looking at acquiring Khazanah Nasional's 51.7% stake in UEM Builders Bhd at a price tag of RM1bil. If it materialises, the move would create the largest engineering and construction house in the country.

PM: Firms can boost agriculture

Government-linked companies (GLCs) and large firms should take part in agricultural activities to help develop the industry, Datuk Seri Abdullah Ahmad Badawi said.