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Pernas revamps hotel ops

PERNAS International Holdings Bhd is embarking on a complex scheme to streamline its hotel business and to partially restructure its outstanding debt of more than RM2.5bil.


Anwar Aji slated to take over as Khazanah managing director

DATUK Anwar Aji, currently the chief operating officer of Khazanah Nasional Bhd, is slated to take over as managing director from Tan Sri Mohd Sheriff Kassim when the latter retires at the end of July, sources told I>StarBiz /I>yesterday.


Khazanah likely to issue RM200mil warrants

KHAZANAH Nasional Bhd, the state-owned investment arm, expects to issue RM200mil warrants exchangeable for shares in its profit-making listed companies this month, a company source told I>AFX-Asia/I>.


Proton revs up for the big battle

THE massive reorganisation of Proton unveiled by its CEO, Tengku Tan Sri Mahaleel Tengku Ariff, carries a loud message: Proton is not going to sit around and be a lame duck allowing all and sundry to take pot shots at it; and its competitors, market share.


CIMB voted Best Domestic Bond House

COMMERCE International Merchant Bankers Bhd (CIMB) was again voted the I>Best Domestic Bond House/Iin I>Asiamoney/I>#039;s Domestic Institutions Awards 2003, the bank said in a statement.


Valuecap seen to make moderate investments

Online investment advisor writes on prospects for Valuecap.


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.


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.


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.


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.