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Business

Report on AT&T interest pushes TM shares up

Shares in Telekom Malaysia Bhd (TM) rose 20 sen, or 1.79%, to RM11.40 yesterday following a report that US-based ATT Inc is keen to acquire a stake in its unit, TM International Sdn Bhd.

Business

Double-digit economic growth can be achieved, says Nor Mohamed

Second Finance Minister Tan Sri Nor Mohamed Yakcop says the country can achieve double-digit economic growth if Malaysians work harder and 'think out of the box.'

Business

BCHB in leaseback deal

Bumiputra-Commerce Holdings Bhd (BCHB) has entered into an agreement for the sale and leaseback of Menara Bumiputra-Commerce, the group's new 39-storey retail banking headquarters being built along Jalan Raja Laut here, to Pelaburan Hartanah Bumiputera Bhd (PHBB).

Business

D’Tiara eyes Mideast and Europe investors

Oilcorp Bhd property unit D'Tiara Corp Sdn Bhd is targeting investors from the Middle East and Europe for the company's proposed listing on the London Stock Exchange's Alternative Investment Market (AIM) by the first quarter of next year.

Business

SEGi aims to reduce gearing

SEG International Bhd (SEGi) hopes to cut its gearing to less than 0.2 from one time currently, said chief executive officer Datuk Clement Hii.

Business

Alam Maritim sees 30% to 40% revenue growth next year

Alam Maritim Resources Bhd is confident of a 30% to 40% growth in revenue next year given the acquisition of seven new offshore support vessels to its fleet, according to group managing director Azmi Ahmad.

Business

US home builder Beazer to restate results back to 2004

Home builder Beazer Homes USA Inc said on Thursday it would restate financial results back to 2004 due to accounting errors uncovered by an internal investigation that also found violations of federal housing regulations.

Business

Oilcorp plans to launch three property projects worth RM1.2b

Oilcorp Bhd, an integrated holding company, aims to launch three new property development projects with a gross development value (GDV) of about RM1.2bil over the next four to five years.

Business

Mah Sing selling KL building for RM174mil

Mah Sing Group Bhd subsidiary Star Residence Sdn Bhd will sell a purpose-built grade A office building along Jalan Tun Razak to Koperasi Permodalan Felda Bhd for RM174.4mil.

Business

Accord on RM689mil Islamic real estate fund

AmanahRaya Investment Bank Ltd and Kuwait Finance House (Labuan) Bhd will set up a US$200mil (RM688.95mil) Islamic real estate fund called Al-NIBRAS to tap into the lucrative property and infrastructure sector.