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Sika to buy materials maker Parex at US$2.6bil

TOKYO: Sika AG has offered to acquire Parex Ltd at an enterprise value of 2.5 billion Swiss francs (US$2.6bil), adding a UK maker of mortar and other construction materials to expand a key business for the Swiss chemicals group.

M'sian corporates, SMEs cautious as business confidence weakens

PETALING JAYA: After a weak purchasing managers’ index (PMI) cast a pall over the economy, business confidence expectations for the first half of the year has weakened among corporates and small and medium enterprises (SMEs), according to the RAM Business Confidence Index (RAM BCI).

Lee Heng Guie, the executive director of the Socio Economic Research Centre, told StarBiz that the slippage in the RAM BCI for the corporate and SME segments mirrored the general undertone of the cautious investor sentiment on the domestic economic and external conditions.  He said it is good for the government to have a contingency plan should the global slowdown become a reality eventually.

KKB unit signs frame deal with Petronas

PETALING JAYA: KKB Engineering Bhd’s subsidiary OceanMight Sdn Bhd has qualified as one of Petroliam Nasional Bhd’s (Petronas) contractors for the provision of engineering. procurement and construction of fixed offshore structure works.

In a filing with the stock exchange, KKB said OceanMight had accepted and signed the Petronas frame agreement for the said works.