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Other Sport

Lotus no longer title sponsor of Lotus F1 team

LONDON: A title sponsorship agreement between loss-making Malaysian-owned sports­car maker Group Lotus and Lotus F1 has been cancelled but the team will race on as Lotus, owner Gerard Lopez said on Friday.

Community

Skyrocketing shophouses

THE cost of buying a pre-World War II shophouse in George Town, Penang, has reached RM2,000 per square foot — equivalent to the price of the poshest Kuala Lumpur City Centre (KLCC) condominium units.

Business

Good things in store for Proton

PETALING JAYA: History will be made in the next few days when Proton Holdings Bhd officially becomes a member of the country’s largest automotive conglomerate DRB-Hicom Bhd, with the approval of the latter’s shareholders for the acquisition.

Community

Skyrocketing shophouses

THE cost of buying a pre-World War II shophouse in George Town, Penang, has reached RM2,000 per square foot — equivalent to the price of the poshest Kuala Lumpur City Centre (KLCC) condominium units.

Business

Proton names Khamil as new chairman

KUALA LUMPUR: DRB-Hicom Bhd managing director Datuk Seri Mohd Khamil Jamil will helm Proton Holdings Bhd’s leadership as its executive chairman and executive director.

Letters

Lacking funds to study in Harvard

From HARVARD ADMIT of Petaling Jaya

Business

Major changes in top management of Keretapi Tanah Melayu seen

PETALING JAYA: Ahead of any official announcement, speculation is rife that there will be some major changes in top management at national railway company, Keretapi Tanah Melayu Bhd (KTMB).

Other Sport

Proton holds rights to buy 10 percent of Lotus F1

(Reuters) - Group Lotus owner Proton loaned Lotus F1 $47.71 million and retains the rights to purchase 10 percent of the Formula One team despite the end of a title sponsorship agreement, the car maker said on Wednesday.

Business

Rebadged VW Polo likely in two years

PETALING JAYA: A plan to rebadge the Volkswagen Polo compact car as a Proton Saga replacement would be a positive move for Proton Holdings Bhd and the domestic automotive parts sector, said research analysts.

Business

Maybank Kim Eng strengthens regional management team with 2 new appointments

Maybank Kim Eng strengthened its regional management team with the appointments of Giles Ong from Citigroup Global Markets Singapore, as head of investment banking and advisory while Prasenjit Kumar Basu was picked to be the regional head, research and economics.