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Proton diversifies income via new deal

PERUSAHAAN Otomobil Nasional Bhd (Proton) has taken another major step towards diversifying its earnings base by teaming up with Bumiputra-Commerce Bank (BCB) to offer financing to Proton car buyers.

KTM revamp important to consortium

THE MMC-Gamuda consortium, which plans to inject up to RM1bil in working capital into KTM Bhd, knows it would be tough to turn around the national railway company but believes it can be done with an integrated rail-sea-air network.

IFCA eyes local and foreign projects worth RM150mil

IFCA MSC Bhd, a specialist business solutions provider, is eyeing overseas and local projects worth RM150mil, mainly in the property sector.

Orix to keep expanding financial services

ORIX Leasing Malaysia Sdn Bhd will continue to expand in the financial services market, unperturbed by the entrance of new, bigger foreign players in view of liberalisation of the local financial market, said chairman of Orix Corp Japan, Datuk Yoshihiko Miyauchi.

Five men held for cheating firms of RM5m

Bukit Aman commercial crime officers have busted a syndicate that is believed to have cheated several financial institutions of over RM5mil using forged land titles.

Public Bank HK unit move shot down

A proposal by Public Bank Bhd's 64.88%-owned Hong Kong-listed financial services unit JCG Holdings Ltd to go private has been shot down by the company's independent shareholders.

Foreign firms hail SC move

FOREIGN firms with Malaysian operations see the latest relaxation of rules by the Securities Commission (SC) to allow them to seek a direct listing on the KLSE as a welcome development, but many are not about to take up the offer just yet.

Container leasing growth pushes up COSCO H1 profit

China-backed COSCO Pacific Ltd announced a first-half net profit increase of 5.4% yesterday as it expanded its shipping container leasing operation, which is the world's fifth largest.

Cheaper to perform the haj

THE pilgrimage to Mecca will be cheaper next year following the Government's announcement that the cost of performing the I>haj/Iwill be reduced by 5%.

Upbeat mood at Malaysia Debt Ventures

THE mood is upbeat at Malaysia Debt Ventures as it moves into its second year of operation after concluding a year capped by its success in breaking new ground in the local information and communications technology (ICT) sector.