Top foreign and local stories at 4pm

Tanah Makmur shareholders okay selective capital reduction proposal: Non-interested shareholders of Tanah Makmur Bhd have unanimously approved the company’s proposed selective capital reduction and repayment exercise at an EGM on Friday. Tanah Makmur said 84 of its non-interested shareholders, who hold 47.07 million shares, voted in favour of the proposal. — StarBiz

Kanger International in bamboo product JV in Bangladesh: Kanger International Bhd has entered into a memorandum of understanding with A K Khan Plywood Co Ltd to form a joint-venture company to explore the production of bamboo products and furniture. — StarBiz