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RANHILL Power Bhd and Laraib Energy Ltd have formed a 51:49 joint venture to build a 79-megawatt hydropower plant in Pakistan for a total investment of US$120mil. Chairman Tan Sri Majid Khan said the project would be financed via borrowings and internal funds on a 75:25 ratio.
HONG Leong Bank Bhd (HLB) expects its new foreign currencies-fixed deposit account to generate positive response from consumers due to its attractive rates, said chief operating officer (personal financial services) Peter England.
DAIMLERCHRYSLER Malaysia Bhd (DCM) aims to sell 5,000 vehicles and exceed the RM1bil mark in turnover this year, said president and chief executive officer Frank Steinleitner.
VADS Bhd, which was transferred to the main board last month, is seen as one of the top performers in the information technology (IT) industry due to its steady growth, the potential of contact centre services (CCS) and attractive dividends, said analysts.