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Late-night session to get feedback from newsmen

By WONG CHUN WAI in Kingston, Jamaica


Decision to sell Agusta stake based on study

THE decision by Proton to sell off its stake in MV Agusta Motors SpA was based on a study by a global investment bank which concluded that the Italian motorcycle manufacturer was not operationally and financially sustainable.


Proof of pudding will come from implementation

THE two books launched by Khazanah Nasional Bhd on Wednesday carried their own messages.


CIMB brings three new issues to Bursa in a single day

The country's largest investment bank yesterday had three good reasons to smile. Commerce International Merchant Bankers Bhd (CIMB) brought three new issues to Bursa Malaysia - TH Plantations Bhd and call warrants for AirAsia Bhd and Tenaga Nasional Bhd - and all registered big gains on significant volume.


Procurement revamp can save up to RM9bil

The potential savings from the revamp of procurement processes and procedures of 15 government-linked companies (GLCs) would range from RM4bil to RM9bil but Prime Minister Datuk Seri Abdullah Ahmad Badawi wants to see more.


PM: PFIs will be used to improve public transport

Improvements to the country's public transportation system will now have to be done via private finance initiatives (PFI) as the RM4.4bil gain from the cut in the fuel subsidy has been wiped out by higher global oil prices.


Guide to drive value creation in GLCs

One book tells directors of GLCs how to be a good corporate citizen, and the other on how to make sure wastage and corrupt activities are kept at bay. The Green and Red Books were presented to the chiefs of some of the biggest corporations in the country, and would serve as a guideline as to what needs to be done in the medium term.


PM to launch key GLC guides

Two major 'execution books'' on procurement and board effectiveness for government-linked companies (GLCs) are expected to be launched by Prime Minister Datuk Seri Abdullah Ahmad Badawi today.


Tough fight for scholarships

With more students achieving excellent results in the Sijil Pelajaran Malaysia (SPM) and Sijil Tinggi Persekolahan Malaysia (STPM) examinations, competition for scholarships is getting stiffer.


Bank Lippo to raise funds

PT Bank Lippo, an Indonesian lender controlled by Malaysia's Khazanah Nasional Bhd, is studying ways to raise funds including debt to boost its capital and expand lending.