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Business

Ranbaxy ups stake to 55% in local ops

INDIAN pharmaceutical giant Ranbaxy Laboratories Ltd (RLL) has increased its stake in Ranbaxy (M) Sdn Bhd to 55% from 45%, in line with the group#039;s projection of robust growth for its overseas businesses over the next two years.

Business

Eupe Corp to launch RM350m housing project

EUPE Corp Bhd is launching Sri Iora Garden Homes, its latest residential project with a gross development value of RM350mil, in Sungai Petani, Kedah.

Business

Pernas aims to cut debts

PERNAS International Holdings Bhd (PIHB) aims to reduce the group's total debt from RM2.5bil to RM1bil by the third quarter of this year by disposing of some non-core assets, according to its chairman Datuk Megat Najmuddin Megat Khas.

Business

SCB continues with good dividends

IT probably came as no surprise when SCB Developments Bhd announced its final dividend of 12.5 sen less 28 per cent tax to its shareholders on Monday. In August, it had earlier announced an interim dividend of 7.5 sen, thus making a total gross dividend payout of 20 sen. The expiry and entitlement dates are May 12, 2003 and May 16, 2003 respectively.

Business

Guthrie hopes to list Indon plantation operations next year

KUMPULAN Guthrie Bhd may consider listing its Indonesian plantation operations next year if the market scenario is conducive, group chief executive Tan Sri Abdul Khalid Ibrahim said.

Business

Guthrie gets revenue boost from property, plantations

KUMPULAN Guthrie Bhd#146;s property development business will contribute 40% to group revenue this year while plantations will make up the balance.

Business

Petronas unit closes RM750mil Islamic debt issue

PETRONAS Fertilizer (Kedah) Sdn Bhd, a wholly owned subsidiary of Petroliam Nasional Bhd (Petronas), has successfully closed an RM750mil nominal value Al-Bai Bithaman Ajil Islamic Debt Securities (BaIDS) issue.

Business

Yinson to strengthen position in northern states

YINSON Holdings Bhd will strengthen its position in the northern states of the peninsula first before expanding its goods transportation activities into Thailand.

Business

Naza Kia to build own MPV

NAZA Kia Sdn Bhd, the automotive arm of the Naza group of companies which distributes Kia vehicles in the country, is targeting to introduce the first national multi-purpose vehicle (MPV) to the local market by the third quarter of this year.

Business

Harapan Seni in RM90mil Gurun project

HARAPAN Seni Sdn Bhd based in Gurun, Kedah, involved in development projects for the past 15 years, has undertaken a project which involves the construction of residential units, shopping complex and shoplots costing RM90mil in Kedah.