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Public Bank up on new weightage by FTSE on impending merger of its two stocks

KUALA LUMPUR: The surge in the share price of Public Bank Bhd’s local and foreign shares last Thursday and Friday is believed to be due to a revision in the weightage accorded to the shares by the FTSE Group in view of the impending merger of the two stocks.


Bill Gates, in communist newspaper, urges more in China to help poor

SHANGHAI: Microsoft founder Bill Gates on Monday took to the pages of the People's Daily, the mouthpiece newspaper of China's ruling Communist Party, to encourage people in China to do more for the poor.


First software test design competition to be held

The Malaysia Software Testing Board (MSTB) announced last week the launch of the inaugural Software Test Design Competition, a national-level competition that will test participants’ software testing skills and creativity.


Nestle Malaysia's Sri Muda factory to spur manufacturing capability by 75%

KUALA LUMPUR: Nestle Malaysia Bhd’s new Sri Muda factory in Shah Alam, which will commence operations by the fourth quarter of 2014, is set to boost its ready-to-drink manufacturing capacity by 75%.


Pelaburan Mara emerges in PDZ?

PETALING JAYA: Pelaburan Mara Bhd and the owners of Efogen Sdn Bhd, an oil and gas company, are the likely buyers of a 27% block of shares in PDZ Holdings Bhd that was transacted in several off-market trades.


TM aims to raise ICT awareness among SMEs

KUALA LUMPUR: Telekom Malaysia Bhd (TM) aims to create more awareness of the importance of information and communications technology among small and medium enterprises (SMEs) to boost their business to a higher level.


TIME gets part of Asia-Europe cable link job

PETALING JAYA: TIME dotCom Bhd will participate in a consortium to build a new 25,000km submarine cable system that will link Asia and Europe via the Middle East.


Tiong Nam bags 2 awards in transportation, logistics categories

PETALING JAYA: Tiong Nam Logistics Holdings Bhd bagged two awards in the transportation and logistics category at Frost & Sullivan’s “Malaysia Excellence Awards”.


KLCI closes higher, propped up by buying of TM, Public Bank

KUALA LUMPUR: The FBM KLCI closed higher on Tuesday, underpinned by late buying of heavyweight Telekom Malaysia and Public Bank amid a mixed broader market.


GHL, Thanachart Bank launch merchant acquiring service

KUALA LUMPUR: GHL System Bhd’s subsidiary, GHL (Thailand) Co Ltd, and Thanachart Bank Public Co Ltd have signed an agreement to jointly develop and launch a third-party merchant acquiring service (TPA).