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Business

Dr M to shed some light on Proton developments

PROTON Holdings Bhd advisor Tun Dr Mahathir Mohamad is expected to shed some light on developments surrounding the national car manufacturer today amid reports that its chief executive officer Tengku Tan Sri Mahaleel Tengku Ariff has been issued a show-cause letter over his outburst in the media.

Business

Bahrain calls for more ties with Malaysia

BAHRAIN yesterday called for cooperation with Malaysia, which it sees as the Islamic financial hub for Asia.

Business

Domestic demand to determine if Savvy will be exported

PROTON Holdings Bhd plans to export its newly-launched I>Savvy,/Iits first 1.2-litre engine compact hatchback, depending on domestic demand, said group chief executive officer Tengku Tan Sri Mahaleel Tengku Ariff.

Business

Dr M: Go for Islamic banking

Muslim countries must develop Islamic banking institutions in order to create non-usurious sources of funding, former Prime Minister Tun Dr Mahathir Mohamad said.

Business

RAM: Malaysia, China should scrap currency peg

MALAYSIA and China should scrap their fixed exchange rates to avoid distortions in currency values, according to Rating Agency Malaysia Bhd's executive director Wong Fook Wah.

Business

Salcon buying waste-water treatment plant in China

SALCON Bhd, a specialist water engineering group, yesterday announced the signing of an agreement to acquire a sizeable waste-water treatment plant and related facilities in Weifang Municipality, China.

Business

JAKS Resources making inroads into northern China

WATER pipe maker JAKS Resources Bhd is making inroads into northern China in its search for recurring income, having just secured a water treatment concession on top of its port management contract in Weifang city, Shandong province.

Business

New car industry policy unlikely to clear all barriers

THE Malaysian Government is expected to announce a new car industry policy next month that officials say will dismantle tariffs and other barriers that have long allowed national car maker, Proton Holdings Bhd, to dominate its auto market. Asian Wall Street Journal's Leslie Lopez writes on it.

Business

PM’s Australian visit may address investment deficit

IT is likely that on Prime Minister Datuk Seri Abdullah Ahmad Badawi's agenda when he meets Prime Minister John Howard in Canberra will be the imbalance in investment flows.

Business

High hopes over PM’s Australia trip

AUSTRALIAN and local business leaders expect the first official visit to Australia by a Malaysian Prime Minister in two decades to consolidate warming political relations between Canberra and Kuala Lumpur and to give a significant boost to bilateral trade and investment.