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Springhill seeks more deals abroad

SPRINGHILL Management Ltd, the fund manager for Spring Hill Biotech Ventures Sdn Bhd, Malaysia's first venture capital company for the biotech and pharmaceutical sectors, plans to further explore opportunities in the United States, European Union and Asian markets.

EPF gets nod to raise foreign investments

The Government has in principle agreed with the request of the Employees Provident Fund (EPF) to increase its investment overseas.

TNB posts higher Q2 profit

TENAGA Nasional Bhd (TNB) reported a significantly higher operating profit for the second quarter ended Feb 28 but said it would be tough to maintain the growth rates.

Mycron aims to perform better this year

MYCRON Steel Bhd CEO Azlan Abdullah, banker-turned-businessman, who is also an avid golfer, is optimistic about the dynamism of the local steel sector going forward. Excerpts from his interview with I>StarBiz /I>chief reporter B>Hanim Adnan./B>

News in brief

News briefs on Transmile, Khazanah Nasional, Ralco Corp, Pacificmas and Ingress Corp.

JPMorgan relocates investment banker to Malaysia

JPMorgan Chase amp; Co, the second-biggest US lender, has relocated investment banker Didi Yahya to Malaysia, after Raja Noorma Othman and Abdul Farid Alias resigned last month.

Time Engineering to raise RM568m this week

TIME Engineering Bhd will raise RM568.6mil selling zero-coupon Islamic bonds that have durations of as long as five years.

Ringgit peg issue impacts on market

In the first of a two part series, StarBiz assistant news editor JAGDEV SINGH SIDHU and journalist YEOW POOI LING spoke with Pacific Mutual Fund Bhd chief investment officer GEOFFREY NG, TA Asset Management Sdn Bhd chief investment officer ANG KOK HENG, Singular Asset Management Sdn Bhd managingdirector TEOH KOK LIN, Amanah SCCM AssetManagement Bhd chief investment officerMUSHTHAQ AHMAD IBRAHIM, as well as AmResearchSdn Bhd executive director and head of research GAN KIM KHOON last week on what is affecting the country's stock market and what it will take to lift the gloom.

NZ advice sought on government-linked firms

Malaysia is looking to New Zealand for some much-needed answers to the awesome task of transforming its government-linked companies into dynamic engines for economic growth and development.

Khazanah ups stake in CAHB

KHAZANAH Nasional Bhd bought 253.4 million shares in Commerce Asset-Holding Bhd (CAHB) from Kumpulan Wang Amanah Pencen in a direct transaction on Bursa Malaysia yesterday.