Business This Week (Apr 13-17)

17 April
- Bursa Malaysia Bhd posted net profit of RM15.5m for 1Q ended March 31, down 63% from RM42.1 million a year ago.
- Bank Negara has revoked the money-changing licences of 19 money changers with immediate effect.
- Shares of SRII Bhd closed 18.5 sen or 24.34% higher at 94.5 sen after its major shareholder offered to take it private at RM1 a share.

16 April
- Sales value of the manufacturing sector in February fell 26.1% or RM11.6bn year-on-year to RM32.9bn.
- Nestle (M) Bhd’s net profit for 1Q ended March 31 rose 6.4% to RM100.35m from RM94.34m a year earlier.
- Cahya Mata Sarawak Bhd’s (CMS) unit CMS Land Sdn Bhd secured RM232m worth of construction contracts from Sarawak Energy Bhd to build the latter’s Kuching headquarters.
- Bank Negara governor, Tan Sri Dr Zeti Akhtar Aziz announced that the ringgit would not be internationalized. Instead, the focus would be to sustain and support domestic demand.

15 April
- Prime Minister Datuk Seri Najib Razak launches Proton’s multi-purpose vehicle – Exora – with a price tag ofRM69,998 and RM75,998.
- Deputy Human Resources Minister Datuk Maznah Mazlan said since October last year, 31,161 workers, including 7,952 foreign workers, had lost their jobs.
- Tenaga Nasional Bhd returned to the black in its second quarter ended Feb 28, 2009 with net profit of RM654.5 million after two straight quarters of net losses.
- Malaysian Institute of Economic Research forecast Malaysia’s export-dependent economy would shrink 2.2% this year, more than the official forecasted 1.3%.

14 April
- Public Bank Bhd’s net profit for 1Q ended March 31, 2009 was RM589.28m compared with RM717.38m a year ago which had then included goodwill payment of RM200m.
- KFC Holdings (M) Bhd’s (KFCH) plans to invest RM32m to open another 40 new KFC restaurants in the country.

13 April
- Johor Corp and its subsidiary Damansara Assets Sdn Bhd is taking Johor Land Bhd private for RM1.55 per share.