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Naim to build tower in Libya

PETALING JAYA: Naim Holdings Bhd said its wholly-owned subsidiary, NCSB Engineering Sdn Bhd, had entered into a memorandum of understanding (MoU) yesterday with Libya's Al-Waatasemu Charity Foundation (WCF) to cooperate for the development of Gaddafi Tower, a proposed 50-storey building in Tripoli, Libya.

Iranian president's car gets US$1mil bid

TEHRAN, Iran: The Iranian president's 33-year-old car has received a US$1 million bid from abroad in a charity auction to raise money for a low-income housing project, reported a local newspaper on Sunday.

Berjaya accuses Philippine’s PCSO of allowing Bejaya unit's competitor to enter region without a public tender

PETALING JAYA: The current board of the Philippine Charity Sweepstakes Office (PCSO) has not only disregarded Philippine Gaming Management Corps (PGMC) exclusivity to operate an online lottery in Luzon but also allowed its competitor to enter the region without a public tender.

Berjaya Philippines files lawsuit against PCSO

PETALING JAYA: Berjaya Philippines, Inc. (BPI), a 88.26%-owned subsidiary of Berjaya Sports Toto Bhd, had filed a petition of contempt against Philippine Charity Sweepstakes Office (PCSO) and its board members via its subsidiary Philippine Gaming Management Corp (PGMC).

Facebook's Zuckerberg donates US$500mil for health, education

SAN FRANCISCO: Facebook Inc Chief Executive Mark Zuckerberg is donating half a billion US dollars in Facebook stock to a Silicon Valley charity, his second major donation since committing to giving away most of his wealth.

A lunch costing US$351,100

Saying check, please'' will cost a bidder in this online auction more than $350,000 (euro290,000).Someone bid $351,100 (euro290,357) to have lunch with billionaire investor Warren Buffett, the so-called Oracle of Omaha,'' in an online charity auction that closed at 10 p.m. EDT Thursday (0200 GMT Friday) on eBay.

Public Bank's Teh beats all the odds

Teh Hong Piow - A Banking Thoroughbred tracesthe eventful 40-year financial odyssey of Public Bank Bhd founder and chairman. The story tells of how Public Bank is the cornerstone of Teh's life: Public Bank is him and he is Public Bank. They are synonymous. The book will hit bookstoresnationwide soon. Proceeds from the sales of the book will go to charity.

HLB gives US$100,000 to China quake victims

Hong Leong Bank Bhd (HLB) joins the international community in sending aid to earthquake victims in Sichuan province in China with a US$100,000 donation made to Chengdu Charity Federation.

Public Bank to donate founder’s book earnings

Public Bank Bhd will donate all proceeds from the sale of its founder and chairman's biography to charity as part of its corporate responsibility (CR) efforts. Speaking after the launch of the Chinese edition of I>Teh Hong Piow - A Banking Thoroughbred/Iyesterday, Tan Sri Teh Hong Piow said: 'We take CR seriously, both internally for our employees as well as for charitable causes.'

Genting Plantations Q1 net profit fell 44%

PETALING JAYA: Genting Plantations Bhd's net profit for the first quarter 2013 (1Q13) fell 44% to RM44mil from RM78.7mil a year ago, due to lower palm product selling prices and a RM31mil contribution for charity purposes.