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Business 28 Aug 2008 | 12:00 AM

QL FY09 capex at RM170mil

QL Resources Bhd is setting aside RM170mil for capital expenditure in the financial year ending March 31, 2009 (FY09) to cater to its regional expansion.

Business 31 Jul 2008 | 12:00 AM

Maybank up on purchase hiccup

The hiccup in Malayan Banking Bhd's (Maybank) RM8.8bil proposed acquisition of PT Bank Internasional Indonesia TBK (BII) went down well with the market yesterday with the stock surging close to a three-month high of RM7.90.

Business 30 Jul 2008 | 12:00 AM

Short-term positive for Maybank after BII setback

Maybank's setback in its acquisition of PT Bank Internasional Indonesia TBK (BII) would be short-term positive for the former due to pricey valuation and high borrowings needed to finance the deal.

Business 22 Jul 2008 | 12:00 AM

Roche offers to buy out partner

Swiss drugmaker Roche Holding AG offered to acquire all outstanding shares in its US partner Genentech Inc for US$43.7bil in cash to reinforce its position in cancer medicine.

Business 15 May 2008 | 12:00 AM

SingTel beats forecasts with 9% rise in profit

Singapore Telecommunications (SingTel), South-East Asia's largest phone company, beat market forecasts with a 9% rise in quarterly profit, thanks to rapid mobile user growth led by India, but warned of an uncertain outlook.

Business 14 May 2008 | 12:00 AM

Nissan Q4 operating profit down 14%

Nissan Motor Co reported a 14% drop in fourth-quarter operating profit and forecast a sharp fall in annual profits this year due to a weaker dollar, rising commodity prices and sinking US demand.

Business 30 Apr 2008 | 12:00 AM

HBOS unveils £4 billion rights issue

HBOS, Britain's biggest mortgage lender, unveiled a £4 billion (US$7.9 billion) rights issue to rebuild its capital base after a hefty hit on the valuation of risky assets.

Business 21 Apr 2008 | 12:00 AM

MBM Resources sees improved net profit

DESPITE challenges, auto company MBM Resources Bhd expects to register continued improvement in net profit this year, backed by spillover demand from the previous year and new vehicle models to be launched this year.

Business 16 Apr 2008 | 12:00 AM

Infosys profit rises, gives upbeat mid-term outlook

Infosys Technologies, India's No. 2 software services exporter, reported a near 10% rise in quarterly profit and gave a confident medium-term outlook, even as a slowing US economy hits outsourcing deals.

Business 17 Nov 2007 | 12:00 AM

UMW Q3 profit beats forecasts

A surge in auto profits helped UMW Holdings Bhd beat analysts' expectations, said Aseambankers.