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Govt approval needed for Petronas boss' oil job offer
PETROLIAM Nasional Bhd (Petronas) said yesterday the government would have to be consulted and its approval required if the company's president and chief executive officer Tan Sri Mohd Hassan Marican was offered the job of advising on the management of Iraq's oil industry.
Petronas boss for top Iraq oil job?
PETROLIAM Nasional Bhd (Petronas) president and chief executive officer Tan Sri Mohd Hassan Marican has been identified by two leading British newspapers as a possible candidate for appointment by the US administration to help manage Iraq's oil industry in the post-Saddam Hussein era.
Princess of Netherlands charms Asia
DUTCH household appliances company, Princess International Co Ltd, expects revenues from Asia to account for 40% of its global sales (excluding the US) within the next three years, against 25% now, said president Aad Ouborg.
Special fund for tourism companies
THE Finance Ministry has, through Bank Pem-bangunan amp; Infrastruktur Malaysia, appointed Malayan Banking Bhd and Bumiputra-Commerce Bank Bhd (BCB) to disburse part of the RM400mil special fund for tourism 2 (SFT2) allocated under Budget 2003 to tourism-related companies.
Shareholder activism still dormant
WE all like to root for the underdog. This is why we fancy the notion of shareholder activism becoming a major element in the Malaysian corporate scene.
Penang Port rebuilds Swettenham Pier
PENANG Port Sdn Bhd, scheduled for listing later this year, will spend RM175mil in 2003 to rebuild the Swettenham Pier, expand the North Butterworth Container Terminal (NBCT), and construct a marina.
Telekom targets 900 distributors
TELEKOM Malaysia Bhd targets to appoint 900 entrepreneurs to distribute and market its three telecommunications products nationwide by the year-end.
Boeing to provide upgrade of satellite ground facilities
THE Boeing Company, whose subsidiary Boeing Satellite Systems entered into a deal to sell a third satellite to Binariang Satellite Systems Sdn Bhd, will provide an upgrade to the MEASAT ground facilities on Pulau Langkawi, as well as training and launch support services.
Celcom shareholders okay TM Cellular buy
It was a huge victory for Celcom (M) Bhd when it won shareholders#039; approval at an EGM yesterday to buy TM Cellular Sdn Bhd for RM1.68bil, although Deutsche Telekom (DT) opposed the plan.
Dyson to up investments in Malaysia
BRITAIN-BASED vacuum cleaner manufacturer Dyson Ltd plans to increase its investment in Malaysia #150; now totalling US$80mil #150; within the next one or two years.
