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RM600m plant for Kamunting

The International Trade and Industry Ministry has approved the setting up of a magnesium smelting plant at the Kamunting Industrial Estate here with a total investment of about RM600mil.


China loosens rules on foreign investments

China's Ministry of Foreign Trade and Economic Cooperation has issued new rules to loosen restrictions on foreign investment in the country's foreign trade companies and to allow more foreign investors to set up foreign trade joint ventures in China, the I>International Business/Idaily said.


Foreign business news in brief

Foreign business news in brief including Michelin#8217;s big plans for Shanghai deal, ING set to score a first in China, Hynix to spend US$100m on US facility. and Boeing resumes work on jetliner.


Allianz wins licence for Chinese fund venture

Allianz AG of Germany has won a licence to set up a 100 million yuan (US$12mil) venture to manage Chinese investors#8217; funds, allowing it to launch its effort to tap US$1.2 trillion in savings.


Pak Lah asks Japanese investors to stay

DEPUTY Prime Minister Datuk Seri Abdullah Ahmad Badawi has urged Japanese businessmen to continue investing in Malaysia where #147;there#039;s still plenty of money to be made.#148;


Malaysia to woo Chinese investors

The government is considering conducting road shows to promote Malaysia's business-friendly environment to the Chinese community overseas.


Selangor to ink deal with Chinese investors

Selangor will sign a deal with Chinese investors this week for a project in the state#8217;s Bio Valley at Dengkil.


Commerce Trust announces new online service

COMMERCE Trust Bhd has introduced a new online service called Commerce Trust Online along with an improved interactive voice response system called Commerce Trust Link.


Caucus to help Government draw Chinese investors

A group of Chinese academicians and financiers has formed a caucus to advise the Malaysian Government on how to attract more equity and capital investments from China, said Deputy Finance Minister Datuk Dr Ng Yen Yen.

Other Sport

Jordan seeks Chinese investors and drivers

Eddie Jordan is looking for Chinese business partners and drivers for his Formula One racing team.