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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.
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.
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.
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.
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.