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Business 20 Feb 2004 | 12:00 AM

Sources: Temasek of Singapore buying into Alliance Bank

Singapore state investment agency Temasek Holdings is set to buy 30% of Alliance Bank Malaysia Bhd for about US$200mil, in its first entry into Malaysia's banking system, banking sources said yesterday.

Business 15 Apr 2004 | 12:00 AM

Three bidding for stake in Indon bank

PT Bank Panin, ICB Financial Group Holdings Ltd and AJB Bumiputera 1912 have put in separate bids for a 58.41% stake in PT Bank Bumiputera, according to a published announcement from the target bank.

Business 18 May 2004 | 12:00 AM

Daim’s ICB Financial Group is highest bidder for Indon bank

FORMER Finance Minister Tun Daim Zainuddin and his company, ICB Financial Group Holdings Ltd (ICB), have been selected as the highest bidder in the sale of a 58.41% stake in PT Bank Bumiputera Indonesia Tbk.

Business 19 Jan 2007 | 12:00 AM

Former Palm Oil Board chairman Basir Ismail dies

Former Malaysian Palm Oil Board chairman Tan Sri Basir Ismail died of a heart attack in Kuala Lumpur on Friday.

Business 25 Jan 2007 | 12:00 AM

UBG meets on Primus

The Utama Banking Group Bhd (UBG) board is expected to meet today to deliberate on a letter reminding Bank Negara of its request to begin talks with Primus Pacific Partners on the sale of its stake in Rashid Hussain Bhd (RHB).

Business 19 Mar 2007 | 12:00 AM

The two men behind the banking group

The story of the RHB group would not be complete without highlighting the two men behind it.

Business 25 Apr 2007 | 12:00 AM

What triggers a downfall in the market?

AS a result of China's higher-than-expected economic growth of 11.1% and fear of possible further interest rate hikes in China, regional markets, including Malaysia, fell sharply last Thursday.

Business 25 Jun 2007 | 12:00 AM

More firms to list on LSE alternative market

There has been a marked surge in interest for companies in the Asia Pacific region to seek a listing on the London Stock Exchange's Alternative Investment Market (AIM), according to audit, accounting and business services firm BDO Stoy Hayward LLP corporate finance division partner Jack Clipsham.

Business 13 Jul 2007 | 12:00 AM

Frontrunner for 51% of EON Cap

Primus Pacific Partners Ltd (PPP) has emerged as the frontrunner to buy a controlling 51% stake in EON Capital Bhd (EON Cap) after it outbid Newbridge Capital Ltd and Malaysian Plantations Bhd (MPlant).

Business 20 Dec 2007 | 12:00 AM

Wan Azmi lists firms in London

Although Land General Bhd (LG) founder Tan Sri Wan Azmi Wan Hamzah has kept a local profile in recent years, he remains the shrewd investor with a string of successful listings overseas.