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TNB shares rise 30 sen on hope of forex gains

Tenaga Nasional Bhd (TNB) shares gained 30 sen to RM11.80 yesterday - their highest level since April 2, 2001- on expectations of possible foreign exchange gains by the national power producer should the ringgit peg be removed.

Telekom shareholders await news of higher dividend

Is a higher or special dividend payout on the cards for Telekom Malaysia Bhd shareholders? That is the question many investors are asking. Some, believing that good news could be in the offing, have even invested in the stock.

News in brief

News briefs on: Yeo Aik Resources, AMFB Holdings, Apex Healthcare, Bonia, Sapuracrest, Latexx Partners, Tiong Nam, Golden Hope and Mulpha International.

Hefty gain from disposal of Telkom SA

TELEKOM Malaysia Bhd#8217;s investment in Telkom South Africa (Telkom SA) has paid off handsomely, giving the company a RM3.02bil boost in gross proceeds for the disposal of its entire stake in the South African company, and total exceptional gains of RM1.5bil.

Conflicting statements show DRB-HICOM stalemate

The saga for the control of DRB-HICOM Bhd is getting no closer to resolution in the wake of two conflicting statements by Tan Sri Syed Mokhtar Albukhary and Tan Sri SM Nasimuddin SM Amin - the two bidders for the strategic 15.8% stake in the company.

Regulating utility services

Chew Seng Kok, managing partner, Zaid Ibrahim Co, writes on the various aspects of regulating utility services.

Compromise offer on DRB-HICOM turned down

LOW-profile tycoon Tan Sri Syed Mokhtar Albukhary has agreed to hive off the motor vehicle business and jewel in DRB-HICOM Bhd to the Tan Sri SM Nasimuddin SM Amin-led consortium as a compromise to break the deadlock over control of one of the country's largest conglomerates but the offer has been turned down.

Syabas to sign accord on water resource management

SYARIKAT Bekalan Air Selangor Sdn Bhd (Syabas) is close to signing an agreement to take over Perbadanan Urus Air Selangor Bhd (PUAS) #8211; and the management of water resources in Selangor and surrounding areas.

Urgent need for Consumer Credit Act

A letter from S.M. MOHAMED IDRIS,President, Consumers Association of Penang.

MUI group aims to slim down

It has become the fashion for women, and even men, to try to become slimmer. It's good for their appearance as well as for their health.