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Business 22 Jul 2008 | 12:00 AM

Perwaja to fully settle debts in five years

Perwaja Holdings Bhd, which is en route for listing on the Bursa Malaysia main board on Aug 20, expects to fully settle its outstanding debts of RM250mil within five years.

Business 19 Jul 2008 | 12:00 AM

Plantation stocks drag down KLCI

The KL Composite Index (KLCI) yesterday dropped to the lowest since end-2006, dragged down by plantation stocks' steep declines on worries that rising cost and softening crude palm oil (CPO) prices would limit planters' profit growth.

Business 18 Jul 2008 | 12:00 AM

Tanjong to fork out RM70mil a year for windfall tax

Based on its current earnings, Tanjong plc expects to fork out about RM70mil per year on windfall tax which was imposed recently on independent power producers (IPPs).

Letters 17 Jul 2008 | 12:00 AM

Stay firm on bid to impose windfall profit tax

From S.M. MOHAMED IDRIS, President of Consumers Association of Penang.

Business 17 Jul 2008 | 12:00 AM

CIMB-Principal Islamic targets GCC

CIMB-Principal Islamic Asset Management Sdn Bhd, the joint venture between CIMB group and the Principal Financial Group Inc (PFG), is targeting to raise funds for its asset management activities from countries in the Gulf Cooperation Council (GCC).

Business 17 Jul 2008 | 12:00 AM

Malakoff bondholders in a bind

Bondholders of the country's largest independent power producer (IPP), Malakoff Bhd, held an informal meeting yesterday to discuss the impact of the windfall tax on the industry.

Business 17 Jul 2008 | 12:00 AM

Tanjong expects RM70m impact from windfall tax

Power-gaming company Tanjong plc expects the windfall tax which the Government imposed on independent power producers to have an estimated impact of RM70mil per annum.

Business 15 Jul 2008 | 12:00 AM

Lower car taxes to balance high fuel costs

Although crude oil prices continued to climb after petrol prices were raised early last month, petrol prices are unlikely to be increased again due to the unpopularity of such a move.

Business 15 Jul 2008 | 12:00 AM

Inflation rather than rate hike worries bond market

Bond market analysts do not expect Bank Negara to raise interest rates at its July 25 monetary policy meeting and see the lacklustre bond market as affected more by the topical issues of inflation and windfall tax.

Business 14 Jul 2008 | 12:00 AM

Firm to repeat success in Indonesia

UNITED Plantations Bhd is undergoing a major expansion into oil palm plantations in Indonesia after 100 years of solid presence in Malaysia.