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THE United Engineers (M) Bhd (UEM)/Renong Bhd group unveils today its long-awaited restructuring plan aimed at putting the group on a stronger growth path.
The UEM-Renong Bhd group announced yesterday its long-awaited final restructuring plan, which will see Renong being taken private and the streamlining of core business units under a new company to help the group trim debts.
FOLLOWING intense speculation on what possible form the debt restructuring of the United Engineers (M) Bhd-Renong Bhd group would take; it appears as though all that pent-up excitement has, in a flash, been snuffed out.
THE UEM group has announced the transfer of Time dotCom Bhd executive director and chief executive officer B>Ahmad Pardas Senin/Bto United Engineers (M) Bhd and seconded him to Silterra Malaysia Sdn Bhd, a subsidiary of Khazanah Nasional Bhd, effective Tuesday, for an initial duration of two years.
THE waiting continues. It had been widely expected that the government would announce its economic package on April 7. Instead, on that day, Acting Prime Minister Datuk Seri Abdullah Ahmad Badawi said the details would be out only after the government was certain that the situation in Iraq would not warrant changes in Malaysia's economic strategies.
WHEN news came out that Valuecap Sdn Bhd commenced its operations in mid-January, a rally was sparked on expectations that the market was going to receive the much-needed support.
Datuk Abdul Hamidy Hafiz, currently managing director of Pengurusan Danaharta Nasional Bhd, is tipped to be the new CEO of Affin Bank, according to banking sources.
Online investment advisor Surf88.com writes on prospects for Valuecap.
COMMERCE International Merchant Bankers Bhd (CIMB) was again voted the I>Best Domestic Bond House/Iin I>Asiamoney/I>#039;s Domestic Institutions Awards 2003, the bank said in a statement.
THE massive reorganisation of Proton unveiled by its CEO, Tengku Tan Sri Mahaleel Tengku Ariff, carries a loud message: Proton is not going to sit around and be a lame duck allowing all and sundry to take pot shots at it; and its competitors, market share.