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In the third of a series of 6 articles, economist Baljeet Kaur Grewal looks at the growth of the private debt securities market and within that niche, the growth of Islamic debt instruments.
A FEW years ago, there were those who thought engineer Danesh Pannirselvam was crazy when he voiced his plans to market #8220;unheard of#8221; communications technology such as VoIP (Voice-over Internet Protocol #8211; the transmission of telephone calls over a data network like one of the many networks that make up the Internet). Now VoIP has become common practice and, consequently, Danesh is vindicated.
Flames lit up the nighttime desert sky from the direction of Iraq's petroleum center Basra, and U.S. and British forces entering southern Iraq saw oil wells on fire.
INTAN Utilities Bhd has proposed divesting its remaining 70% equity interest in Metropolitan Utilities Corp Sdn Bhd via a management buy-out for RM84mil, and subscribing to 46.17% of the enlarged share capital in the management buy-out entity, Jauhari Harapan Sdn Bhd, for RM31.5mil.
BRITAIN is key to YTL Power International Bhd#039;s quest to become a global infrastructure player by operating a network of regulated utilities, said its managing director, Tan Sri Francis Yeoh.
THREE DAYS before Sept 11, 2001, Mohamed Atta, the man who piloted American Airlines flight 11 into the North Tower of the World Trade Centre (WTC) in New York, wired out a total of US$7,860 from two grocery stores in Maryland. On Sept 10, Marwan al-Shehri sent US$5,400 from a Greyhound bus terminal in Boston before he commandeered United Airlines flight 175 the next day, crashing it into the WTC South Tower. In both cases, the recipient of the funds was a terrorist support network based in the United Arab Emirates (UAE).