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Independent power producer (IPP) Northern Utilities Resources Sdn Bhd's receivership signals a new get-tough attitude of banks towards large borrowers.
Plantation firm Multi Vest Resources Bhd was actively traded yesterday despite repeated denials by the company of its involvement in any new corporate development.
SilTerra Malaysia Sdn Bhd, a leading wafer foundry majority owned by Khazanah Nasional, has reported revenue of RM161.12mil for its third quarter ended Sept 25.
KHAZANAH Nasional Bhd has appointed Mohammad Zainal Shaari director in the managing director's office and chief risk officer, Mohan Rajasooria, investments director and Tunku Ali Redhauddin Tunku Muhriz investments senior vice-president.
FOREIGN investors are still about 15% under-weighting Malaysian stocks, although foreign portfolio investment as a percentage of total market capitalisation has climbed from 14.1% in 2001 to 19.5% currently.
MALAYAN Banking Bhd (Maybank) remains interested in acquiring banks in the region and China even after losing out in a bid last week to buy into Indonesia's PT Bank Permata.
CONTRARY to the perception in some quarters that the KL stock market is unattractive to foreign players, there was a net inflow of foreign portfolio investments totalling RM15.9bil in the first quarter of this year, CIMB Bhd chief executive/managing director Datuk Nazir Razak said yesterday.
SHARES on Bursa Malaysia slipped further in thin trading yesterday, pulling down the Kuala Lumpur Composite Index (KLCI) by nearly six points to 855, on continuing concern over the impact of soaring crude oil prices on global economies.
KHAZANAH Nasional Bhd has no intention of merging its various assets in the telecommunications sector.
Edaran Modenas Sdn Bhd (EMOS), the distributor of the Modenas national motorcycles and scooters, has set a target of selling 10,000 units of the latest Modenas model, I>Kristar/I>, in the last three months of this year.