News in brief


  • Business
  • Thursday, 19 Jan 2006

CAB Cakaran PLANS 1-FOR-2 BONUS ISSUE:Integrated poultry farmer and trader CAB Cakaran Corp Bhd is proposing a one-for-two bonus issue of up to 45.34 million new 50sen shares. 

In a filing with Bursa Malaysia yesterday, CAB Cakaran said it proposed to transfer the listing and quotation of its entire enlarged issued and paid-up share capital to the BursaMalaysia main board from the second board upon completion of the bonus issue. 

CAB Cakaran said the proposed bonus issue was not expected to have any effect on its earnings for the financial year ending Sept 30, 2006. 

OCTAGON UNIT IN MALACCA WASTE MANAGEMENT PROJECT: 

Octagon Consolidated Bhd said its unit Melaka Waste To Energy Sdn Bhd has signed a conditional emission reductions purchase agreement with Japan Carbon Finance Ltd for the sale of certified emission reduction (CER) generated by the Waste to Energyproject in Malacca from 2008 to 2012for US$5.5mil–US$6mil (RM20.7mil–RM22.6mil). 

In a statement to Bursa Malaysia, Octagon said that the Waste to Energy project would destroy municipal solid waste from Malaccausing plasma technology and then use the synthetic gas from the waste to generate renewable energy. — AFXAsia 

INFLATION RATE UP: 

Inflation held in December at the second highest level in almost seven years, increasing expectations Bank Negara will raise its key interest rate this quarter. 

The consumer price index rose 3.5% from a year earlier, the Department of Statistics said in a statement yesterday. 

Malaysia's inflation rate more than doubled to 3% in 2005, the highest since 1998, from 1.4% the previous year. – Bloomberg 

For latest Bursa Malaysia indices, charts and other information click here

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights
   

Next In Business News

Second phase of London's Battersea Power Station to be opened to public next year
CPO futures seen trading higher next week on improved sentiment, may hit RM5,050
US to lift restrictions Nov 8 for vaccinated foreign travelers
China aluminium firm Zhongwang flags 'severe difficulties' at subsidiaries
Toyota cuts November output, after supplies slowed from Malaysia and Vietnam
Oil prices rise to three-year high on back of supply deficit forecasts
World stocks notch best day in 5 months
DNB gets Malaysia ready for 5G
Telcos post-5G rollout
Short Position - Listed companies, healthcare valuations, demographic dividend

Others Also Read


Vouchers