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Government-linked companies (GLCs) and large firms should take part in agricultural activities to help develop the industry, Datuk Seri Abdullah Ahmad Badawi said.
PERMODALAN Nasional Bhd (PNB) said yesterday it would keep trimming its stakes in large local firms, becoming the third big state-run asset manager to publicly target divestment in a bid to raise foreign interest in the stock market.
KHAZANAH Nasional Bhd will from next year be looking to invest in businesses abroad that are engaged in activities it is familiar with, said its chief executive officer, Azman Mokhtar.
AS the lacklustre performance of Bursa Malaysia over the past few months has demonstrated, a whole series of 'overweight' and 'buy' calls on Malaysian stocks from both local and foreign brokers appear to have been ignored. The poignant question that was asked yesterday at the Euromoney conference in Kuala Lumpur was: 'Why?'
THE government has set a three-year timeframe for government-linked companies (GLCs) to improve their performance.
SILTERRA Malaysia Sdn Bhd, a wafer foundry owned 68% by Khazanah Nasional Bhd, has posted record revenue of RM181.6mil for its second quarter ended June 26, up a whopping 212% on the equivalent period a year ago, Chief operating officer and interim chief executive officer Bruce Gray said.
AVENUE Capital Resources Bhd has not given up hope of underwriting the flotation of Federal Agriculture and Land Development Authority Bhd (Felda), which has been put on hold by the Government, group managing director Tengku Zafrul Aziz told I>StarBiz/Iafter the company AGM's in Kuala Lumpur yesterday.
Malaysia's anti-corruption campaign coupled with widespread reforms of public and state-owned companies is to make the country more competitive, said Datuk Seri Abdullah Ahmad Badawi.