Business this week (20-24 April)

24 April
- Telekom Malaysia Bhd received RM2.09 billion from Axiata Group Bhd, which was the full payment of RM2.05b including interest of RM68 million under the demerger agreement.
- Nagamas International Bhd announced plans to sell its entire interests in 14 subsidiaries in its industrial division to Jojevi Sdn Bhd for RM4 million.
- Bursa Malaysia’a trading volume rose to 2.08 billion units, highest since October 2007.
- BMW Malaysia Sdn Bhd unveiled the new MINI Cabriolet, replacing the best-selling old soft top that sold 164,000 cars worldwide before production ceased in August 2008.
- ISS Consulting Solutions Bhd chief executive officer and managing director Harald Weinbrecht disposed of 10 million ISS shares.

23 April
- British American Tobacco (M) Bhd posted a net profit of RM205.94 muillion for 1Q ended March 31, 2009.
- YTL e-Solutions to invest RM2.5 billion over five years for its WiMax services as it targets to cover 70% of the population.
- Pahang was allocated RM808.4 million under the RM60bn second stimulus package.
- Bank Islam filed suit against Selangor Menteri Besar Tan Sri Abdul Khalid Ibrahim for alleged default of US$18.5m (RM66.6m) in Islamic loan facilities made to him in 1998 over purchase of shares in Kumpulan Guthrie Bhd.
-Transmile Group Bhd registered a net loss of RM43.8m in 1Q09.

22 April
- Prime Minister Datuk Seri Najib Razak announced the government had scrapped the 30% bumiputra equity ruling for 27 sectors.
- Malaysia Airports Holdings Bhd sold its non-core assets National Exhibition and Convention Centre Sdn Bhd (NECC) and Sepang International Circuit Sdn Bhd (SIC) to the government.
- March consumer price index rose 3.5% on year, pushed up by costlier food prices despite cheaper fuel globally.
- ETI Tech Corporation Bhd posted a net profit of RM4.77m in 2Q ended Feb 28, 2009.

21 April
- Opcom Holdings Bhd bagged a RM359m two-year contract for the supply of passive fibre-to-the-home (FTTH) system to Telekom Malaysia Bhd (TM).
- Columbia Asia Sdn Bhdi announced plans to invest a total of RM365 million to build another six new hospitals across the country.
- Bank Rakyat recorded a pre-tax profit and zakat of RM331m for the first three months of 2009, an increase of RM80.6 million or 32.2% y-o-y.
- PLUS Expressways Bhd appointed Datuk Seri Ismail Shahudin as a non-independent non-executive director.
- Tenaga Nasional Bhd repurchased and cancelled US$39.08 million nominal value of the US$150 million 7.5% debentures due 2096 issued in January 1996.
- Syarikat Bekalan Air Selangor Sdn Bhd (Syabas) announced the freezing of a RM2.6bn project to replace old mains and communication pipes in Selangor, KL and Putrajaya.
- The Malaysian Automotive Association (MAA) announced that vehicles sold in March were 44,205 units, up 20.5% or 7,530 units higher than February.

20 April
- Axis Real Estate Investment Trust (Axis REIT) recorded a 15.39% growth in net profit to RM10.42m in 1Q ended March 31, 2009.
- NCB Holdings Bhd, which operates Northport in Port Klang, reported a 10.81% plunge in net profit to RM29.87m in 1Q ended March 31, 2009.
- Affin Holdings Bhd CEO Kamarul Arifin Mohd Jamil announced plans to inject RM60 million into its Islamic banking unit by this year-end.
- The Securities Commission had in 1Q ended March 31 had approved six equity-capital raising proposals estimated at RM13.435 billion, up from RM138.8 million in 4Q last year.
- CIMB-Principal Asset Management Sdn Bhd launched its CIMB-Principal China Recovery Structured Fund, targeting RM150m investments from customers.