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CELCOM (M) Bhd is due soon to go before its shareholders to seek approval of its proposed acquisition of TM Cellular Sdn Bhd. Yet, the uncertainty caused by its differences with German minority shareholder Deutsche Telekom has undoubtedly cast a pall over the deal.
Perak MCA has taken the first move to mend the rift between rival factions in the state by calling for an emergency meeting Monday following the appointment of the new party president and deputy president.
Singapore took out a full-page advertisement in the I>Asian Wall Street Journal /I>yesterday to counter a media blitz by Malaysia on their protracted dispute over a water supply deal.
Cricket-mad India rejoiced after its cricket team registered a historic maiden Test win on Pakistan soil.
Government-linked companies (GLCs) will step in and take control of DRB-HICOM Bhd if the disputing parties holding a strategic 15.8% stake are not able to settle their differences quickly, warned Finance Minister II Tan Sri Nor Mohamed Yakcop.
THE Government could very well make good on its warning of intervening in the dispute over the ownership of a 15.8% strategic block in DRB-HICOM Bhd given that Tan Sri Syed Mokhtar Albukhary and the Tan Sri SM Nasimuddin SM Amin-led consortium are unable to settle the matter, analysts said.
The tussle between the two Tan Sris for control of DRB-Hicom Bhd has not been resolved and Second Finance Minister Tan Sri Nor Mohamed Yakcop is holding talks with the two parties, said Prime Minister Datuk Seri Abdullah Ahmad Badawi.
RICHMOND, British Columbia (Reuters) - Prime Minister Paul Martin escalated a war of words with the United States on Wednesday, telling Washington not to dictate to him what topics he can raise in the run-up to Canada's Jan. 23 election.
ROME (Reuters) - Prime Minister Silvio Berlusconi rejected centre-left leader Romano Prodi's claim to victory in general elections on Tuesday and alleged widespread voting irregularities, throwing Italy into political chaos.
WASHINGTON (Reuters) - World Bank President Paul Wolfowitz refused on Wednesday to bow to heavy European pressure to resign as he sought to clear his name in negotiations with the bank's board over a possible exit strategy.