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Business

UMLand unit buys land for RM30m

United Malayan Land Bhd (UM Land), through its wholly-owned subsidiary UM Development Sdn Bhd, has entered into a conditional agreement with Akademi Pendidikan Pemandu (Malaysia) Sdn Bhd to acquire leasehold commercial land in Setapak for RM30mil cash.

Business

ExxonMobil Borneo sells stations in Sarawak

ExxonMobil Borneo Sdn Bhd, a subsidiary of the ExxonMobil group in Malaysia, has sold its 28 retail service stations to a local company for an undisclosed amount.

Business

Palm oil industry urged to go global

The palm oil industry's agenda from this year onwards should focus on going global, said Business Council for Sustainable Development Malaysia executive director Datuk Ghazali Yusoff.

Business

Khalib’s major task at TNB

This fortnight, The Employees Provident Series takes a look at the transofrmation of government linked companies (GLCs), with focus on Tenaga Nasional Berhad.

Business

Royale Bintang Damansara set for higher occupancy

The Royale Bintang Damansara, a four-star boutique hotel here, is set to score higher occupancy rates as more amenities are added to the Mutiara Damansara township, says its manager Julian Blaydes.

Business

9MP the catalyst for growth this year

The many rounds of interest rate hikes recently, coupled with the inflationary effects of rising oil and energy prices, have caused consumer sentiment to turn cautious, observes SP Setia group managing director and CEO Tan Sri Liew Kee Sin.

Business

RHB Islamic: Agriculture financing to drive growth

RHB Islamic Bank Bhd expects financing for agriculture to drive growth in assets that comply with Muslim religious tenets, said chief executive officer Khalid Bhaimia.

Business

Cloned oil palms push up AAR revenue

Agricultural advisory firm Applied Agricultural Resources Sdn Bhd (AAR) expects a 20% growth in revenue over the next decade, driven mainly by sales of oil palm plantlets derived from a cloning process, said chief executive officer Dr Soh Aik Chin.

Business

GLCs to lead in investments

Government-linked companies (GLCs) are in support of the Government's call for them to play a leading role in the development of the country, especially through greater investments under the Ninth Malaysia Plan (9MP).

Business

News in brief

News briefs on Boustead, Mobif, ECM Libra, SBB Mutual, Public Mutual, MAAKL, Maybank, EBWORK, Amway and RHB Capital