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Labuan financial centre set to woo US, European investments

LABUAN International Offshore Financial Centre (IOFC) is on the right track to becoming an important platform to attract European and American investments into Malaysia.


Emirates upbeat on airline sector revenue growth in S-E Asia

DUBAI-BASED international carrier Emirates expects the airline industry#039;s revenue in South-East Asia to grow by about 20% annually in the next few years.


Moot point on foreign lawyers

British Minister David Lammy was in Kuala Lumpur recently promoting the financial benefits of liberalisation in the legal services. Is the Malaysian Bar up to competing with foreign lawyers locally and overseas?SHAILA KOSHY reports.


Joint venture to manage Klang Valley public transport

THE Government has appointed a new joint-venture company (newco) to manage the public transportation system for the Klang Valley that includes the city bus services operated by Park May Bhd and Intrakota Komposit Sdn Bhd as well as the PUTRA and STAR light rail transit (LRT) operations.


KFC plans to sell Wisma KFC

KFC Holdings (M) Bhd (KFCH) is planning to sell and lease back Wisma KFC when it assumes control of the building from Idris Hydraulics (M) Bhd at the end of next month, managing director Datuk Johari Abdul Ghani said.


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.


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.


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.


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.


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.