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Business

Hamidy tipped to be new CEO of Affin Bank

Datuk Abdul Hamidy Hafiz, currently managing director of Pengurusan Danaharta Nasional Bhd, is tipped to be the new CEO of Affin Bank, according to banking sources.

Business

The importance of timing for the government's economic package

THE waiting continues. It had been widely expected that the government would announce its economic package on April 7. Instead, on that day, Acting Prime Minister Datuk Seri Abdullah Ahmad Badawi said the details would be out only after the government was certain that the situation in Iraq would not warrant changes in Malaysia's economic strategies.

Business

Where art thou Valuecap?

WHEN news came out that Valuecap Sdn Bhd commenced its operations in mid-January, a rally was sparked on expectations that the market was going to receive the much-needed support.

Business

UEM announces several senior management appointments

THE UEM group has announced the transfer of Time dotCom Bhd executive director and chief executive officer B>Ahmad Pardas Senin/Bto United Engineers (M) Bhd and seconded him to Silterra Malaysia Sdn Bhd, a subsidiary of Khazanah Nasional Bhd, effective Tuesday, for an initial duration of two years.

Business

Renong revamp : The good and bad

FOLLOWING intense speculation on what possible form the debt restructuring of the United Engineers (M) Bhd-Renong Bhd group would take; it appears as though all that pent-up excitement has, in a flash, been snuffed out.

Business

UEM-Renong finalises revamp

The UEM-Renong Bhd group announced yesterday its long-awaited final restructuring plan, which will see Renong being taken private and the streamlining of core business units under a new company to help the group trim debts.

Business

UEM-Renong to unveil revamp

THE United Engineers (M) Bhd (UEM)/Renong Bhd group unveils today its long-awaited restructuring plan aimed at putting the group on a stronger growth path.

Business

Hot Stock - Renong Berhad

HOVERING between the support and resistance of 36 sen and 57.5 sen respectively since early October last year, this speculative stock rebounded strongly from its downside support over the past several days.

Business

Celcom faces critical vote on merger with TM Cellular

Today is a critical day for Celcom (M) Bhd, which is holding an EGM to seek shareholders' approval to buy TM Cellular Sdn Bhd, the mobile subsidiary of Telekom Malaysia Bhd.

Business

Telekom to keep Celcom listed

TELEKOM Malaysia Bhd intends to maintain the listing status of Celcom (M) Bhd even though a full take-up rate of its mandatory general offer (MGO) for Celcom shares would give Telekom the option to take the cellular company private.