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Business

Coke yet to ask Beijng OK on US$2.5b Huiyuan takeover

HONG KONG (AP) - Coca-Cola Co. has yet to ask Beijing for approval of its proposed US$2.5 billion takeover of a major Chinese fruit juice producer, the Chinese company said Wednesday.

Business

Wrong timing for thin cap provision ruling

The introduction of the thin capitalisation provision in taxation rules will have a negative impact on the competitiveness of Malaysia's corporate sector, say tax experts.

Business

Key West’s TSX Ventures closer to Canada listing

Key West Global Telecommunications Bhd's retail subsidiary, Times Telecom Inc (TTI), moved closer to a listing in Canada after it recently filed a draft listing application with the TSX Venture Exchange Inc.

Business

Tata maintains suspension

India's Tata Motors Ltd said yesterday it would only review its position in the plant for the low-cost Nano car, where work was suspended last week, if it was confident the viability of the project was not impinged.

Business

Developed, emerging equity markets down in August

Global equity markets continued their dramatic decline that began in mid-May, decreasing investor net-worth in August by US$800bil, said Standard Poor's (SP).

Business

Neutral outlook over Proton’s electric cars plan

ANALYSTS remain neutral on recent news flow that Proton Holdings Bhd was in talks with Detroit Electric Ltd of Netherlands on the manufacturing of electric cars.

Business

Brokerage wins regulatory review of IPO

Merchants Securities Co, one of China's top 10 brokerages, secured a crucial regulatory review for an initial public offering that analysts said could raise up to five billion yuan (US$732mil) but which could be delayed by weak market conditions.

Business

Ho Hup seeks JV partners

Ho Hup Construction Co Bhd, which suspended its managing director a week ago, is looking for joint-venture partners to develop its 24.3ha of commercial land in Bukit Jalil. The project could potentially help the financially ailing company to turn around.

Business

BIMB profit surges 40%

BIMB Holdings Bhd that holds 51% of Bank Islam Malaysia Bhd, reported a 40% surge in profit before zakat and tax to RM382.6mil for the financial year ended June 30 (FY08), against RM273.2mil in FY07.

Business

Evermaster reschedules RM50m debt notes

Wood-based manufacturer Evermaster Group Bhd has proposed to reschedule its RM50mil Islamic debt notes.