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UEM signs MoU with two Indon toll road firms

THE United Engineers (Malaysia) Bhd Group (UEM) yesterday signed two memoranda of understanding (MoU) with two Indonesian toll road-related companies, PT Jasa Marga (Persero) and PT Sarana Margabhakti Utama, to explore joint opportunities in the development and privatisation of new tolled roads in Indonesia, Malaysia and other countries.

Khazanah may appoint independent consultants

Khazanah Nasional Bhd is likely to appoint independent consultants to oversee its growing list of investment companies, and consolidate efforts to protect its investments, particularly in strategic assets.

Proton Holdings comes under selling pressure

Shares in Proton Holdings Bhd, which has assumed the listed status of Perusahaan Otomobil Nasional Bhd (Proton) following a group restructuring, took a beating on their first day of trade on the MSEB yesterday, closing 70 sen or some 7% lower than the Proton stock's last traded price of RM9.85 before its suspension three weeks ago.

Lion repays RM2bil debts

IN a decisive move to reduce its borrowings, the Lion group has repaid RM2.1bil to its bankers - one of the largest debt repayments in the corporate sector.

Khazanah: Proton stake sale on

KHAZANAH Nasional Bhd has confirmed that it is looking to sell up to a 20% stake in Perusahaan Otomobil Nasional Bhd (Proton) to a foreign carmaker.

Dr M: Proton must raise its game

FORMER Prime Minister Tun Dr Mahathir Mohamad said yesterday he had been appointed adviser to Perusahaan Otomobil Nasional Bhd (Proton) and would tell the national car maker to raise its game and find a suitable foreign partner.

Foreign partner sought for Proton

KHAZANAH Nasional Bhd is believed to be looking into the possibility of allowing a foreign carmaker to hold up to 20% stake in Perusahaan Otomobil Nasional Bhd (Proton).

Lotus sale still an option for Khazanah?

KHAZANAH Nasional Bhd's statement on Monday in admitting that 'a total business review' had been carried out on Perusahaan Otomobil Nasional Bhd's (Proton) wholly-owned subsidiary Lotus Group International Ltd, may have revealed more than intended.

Khazanah denies report on bid to oust Mahaleel

KHAZANAH Nasional Bhd has denied yesterday claims in a I>Reuters /I>story carried by a business daily (not I>StarBiz/I>) of a move by Perusahaan Otomobil Nasional Bhd (Proton) chairman Datuk Abu Hassan Kendut, on behalf of others, to remove the carmaker's chief executive officer, Tengku Tan Sri Mahaleel Mohd Ariff.

Mahaleel: I am still Proton CEO

Tengku Tan Sri Mahaleel Tengku Ariff said he is still the chief executive officer of Perusahaan Otomobil Nasional Bhd (Proton) and would remain so, as long as his services are required.