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Business

Amanah Capital: Low interest rates likely till first half of 2005

Amanah Capital Group says the current low inflation rates and subdued expectations on inflation may, at the minimum, keep local interest rates at current levels until the first half of 2005.

Business

Annexe secures tw-thirds of funds for Unza MBO

ALMOST two-thirds of the RM365mil needed for the management buyout (MBO) of main board listed Unza Holdings Bhd was secured with the signing yesterday of a debt financing deal between a special purpose vehicle (SPV) led by Unza managing director Choy Hin Yuen and Amanah Short Deposits Bhd.

Nation

Ministry for Sabah, Sarawak proposed

United Pasok Momogun Kadazandusun Murut Organisation (Upko) wants the Government to set up a federal ministry specifically to oversee the development of projects in Sabah and Sarawak.

Nation

Suspect in Miri imam case mentally sound

The 35-year-old hawker suspected of having stabbed to death Miri's chief imam, Ustaz Haji Mohd Ikhsan Mustapha, more than a month ago has been confirmed to be mentally healthy by a professional psychiatrist following intensive examination and observation.

Business

Amanah Raya Labuan named Gulf fund trustee

AMANAH Raya Labuan Ltd has been appointed as trustee of the US$100mil Gulf Investment Fund, said Amanah Raya Bhd managing director Izham Yusoff.

Letters

Thank you for planning affordable homes

From DR HO, Kota Kinabalu. I>(via e-mail)/I>

Nation

EPF: Nominate for family’s sake

If possible, EPF deputy chief executive officer (Operations) Zabidi Dasuki would personally tell all contributors not to put off to tomorrow what they could do today in terms of nominating their beneficiaries. As of last month, only about 30% of EPF contributors have done this.

Business

120mil YTL Power shares placed out

YTL Corp Bhd has successfully placed out a 5.25% interest or 120 million shares in YTL Power International Bhd to various local institutional investors for RM348mil, or RM2.90 per share.

Business

Agri-sector can exceed 1.5% growth

THE agricultural sector could achieve or even exceed the 1.5% growth forecast set for this year by Bank Negara provided the funds made available under the government#146;s economic package are used effectively, said Agriculture Minister Datuk Mohd Effendi Norwawi.

Nation

Bank clerk charged with CBT

A 29-year-old bank clerk was charged in the Sessions Court for misappropriating over RM90,000 from an insurance company last year.