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Talks still going on over DRB-Hicom stake, says PM

The tussle between the two Tan Sris for control of DRB-Hicom Bhd has not been resolved and Second Finance Minister Tan Sri Nor Mohamed Yakcop is holding talks with the two parties, said Prime Minister Datuk Seri Abdullah Ahmad Badawi.


Government may step in to solve DRB-HICOM dispute

THE Government could very well make good on its warning of intervening in the dispute over the ownership of a 15.8% strategic block in DRB-HICOM Bhd given that Tan Sri Syed Mokhtar Albukhary and the Tan Sri SM Nasimuddin SM Amin-led consortium are unable to settle the matter, analysts said.


Government tells parties to end dispute quickly

Government-linked companies (GLCs) will step in and take control of DRB-HICOM Bhd if the disputing parties holding a strategic 15.8% stake are not able to settle their differences quickly, warned Finance Minister II Tan Sri Nor Mohamed Yakcop.

Other Sport

India rejoices over the maiden Test victory

Cricket-mad India rejoiced after its cricket team registered a historic maiden Test win on Pakistan soil.


Singapore counters ad on water deal

Singapore took out a full-page advertisement in the I>Asian Wall Street Journal /I>yesterday to counter a media blitz by Malaysia on their protracted dispute over a water supply deal.


Perak MCA calls for emergency meeting on Monday

Perak MCA has taken the first move to mend the rift between rival factions in the state by calling for an emergency meeting Monday following the appointment of the new party president and deputy president.


Telekom is not letting up

CELCOM (M) Bhd is due soon to go before its shareholders to seek approval of its proposed acquisition of TM Cellular Sdn Bhd. Yet, the uncertainty caused by its differences with German minority shareholder Deutsche Telekom has undoubtedly cast a pall over the deal.