News in brief


Johari receives RM4m settlement 

KUALA LUMPUR: Datuk Johari Abdul Ghani has received a settlement of RM4mil from KFC Holdings (M) Bhd (KFCH) in respect of his termination as group managing director and the defamation suit taken by him against the KFCH group.  

CI Holdings Bhd, in a filing with Bursa Malaysia yesterday, said it was notified by Johari, its managing director, that KFCH group had amicably settled its various legal suits with Johari without any admission of liability by either party. 

 

CBE system for SC licensing  

KUALA LUMPUR: The Securities Commission (SC) will launch a computer-based examination (CBE) system for all SC licensing effective January. 

“The system aims to increase the efficiency in the management and operation of licensing examination processes,'' the SC said in a statement yesterday. 

With the new system, all licensing examination modules will be offered on a weekly basis. Presently, certain modules are offered only twice or once a month. 

It will also enable candidates to know their results immediately after completing their examinations. 

A simulation programme to help candidates familiarise themselves with the system will be made available on the Securities Industry Development Corp website. 

 

Better CECEM seen this year 

KUALA LUMPUR: The upcoming 4th Chinese Import & Export Commodities Exhibition and Investment Conference (CECEM) 2007 is expected to have better quality products and exhibitors after a pre-selection process based on stringent criteria.  

Malaysia-China Chamber of Commerce president Datuk Yong Ah Pwi said the products to be exhibited were believed to have good potential to enter the domestic and Asean markets. 

“We expect more visitors and exhibitors in CECEM 2007,” Yong told the media yesterday. 

Besides enterprises from China, there would also be local participants, he said. “The response from Malaysian entrepreneurs has been overwhelming.” 

According to Yong, exhibited items would include machinery and electronics, building and decoration materials, household items, cultural handicraft, halal products and foodstuff. 

The four-day event, hosted by China's Ministry of Commerce, starts on Dec 13 at the KL Convention Centre. 

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