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PETALING JAYA: Two major shareholders of EON Capital Bhd (EON Cap) - Singaporean Rin Kei Mei through Kualapura Sdn Bhd and Lintang Emas Sdn Bhd, and the Tiong group through RH Development Sdn Bhd - have received the green light from Bank Negara to negotiate the sale of their stakes in the banking group.
PETALING JAYA: Unilever's decision to suspend all future purchases of palm oil from Indonesian company PT SMART, part of the Sinar Mas group, due to concerns over rainforest destruction, is not expected to affect global palm oil demand in a major way.
IT was hardly a surprise. Two weeks ago, water concessionaires Gamuda Bhd and Kumpulan Perangsang Selangor Bhd (KPS) separately announced that the Selangor government would not proceed with the RM9.2bil takeover offer of their concessions parked under Syarikat Pengeluar Air Sungai Selangor Bhd (Splash) and Konsortium Abass Sdn Bhd (Abass) respectively.
KUALA LUMPUR: Malaysia's exports will expand further on intra-regional trade, given the suprisingly good trade performance supported by intra-regional demand, says OSK Research Sdn Bhd.
A stronger economic recovery is expected to drive electricity consumption higher in the coming months. Analysts say that if indications from players in the manufacturing sector are true, the market could see industrial demand turn positive.
PETALING JAYA: Analysts are upbeat on PLUS Expressways Bhd in view of a potentially higher dividend based on overall traffic volume improvement for the nine months ended Sept 30.