Business this week (27-30 April)

30 April
- KFC Holdings (M) Bhd (KFCH) will invest an initial US$6 million to expand its international operations to India.
- K&N Kenanga Holdings Bhd has partnered with Oxford Business Group (OBG) for the publication of “The Report: Malaysia 2009”, a book that reviews events and trends in all of Malaysia’s major economic sectors.

29 April
-Transport Minister Datuk Seri Ong Tee Keat ordered the Port Klang Authority (PKA) to release Port Klang Free Zone (PKFZ) report within a week.
-Opcom Holdings Bhd chairman and managing director Datuk Mukhriz Mahathir intends to relinquish his positions and ceases to be a substantial shareholder by June. He was appointed deputy minister of International Trade and Industry deputy minister on April 10.
-Telekom Malaysia Bhd (TM) has appointed Giorgio Migliarina as its chief technology and innovation officer (CTIO).
- Bank Negara maintains overnight policy rate at 2% during its Monetary Policy Committee meeting but said the economy was expected to record a marked contraction in 1Q.
- RAM Ratings cautions that corporate defaults were expected to rise this year as the global economic slowdown reaches its trough during the year.
- RHB Banking Group appointed Datuk Tajuddin Atan as the new managing director of its subsidiary RHB Bank Bhd effective May 1, 2009, taking over from outgoing Michael J Barrett.

28 April
- Property financier Malaysia Building Society Bhd (MBSB) is targeting a 15% growth this year of its total assets, which stood at RM7.3 billion in 2008, by growing its retail segment, its CEO Ahmad Zaini Othman said.
- The Securities Commission (SC) has charged Yue Chi Kin, 41, in the Sessions Court here for abetting United U-Li Corporation Bhd in submitting false information to Bursa Malaysia Securities Bhd.
- Media Prima Bhd appointed Datuk Johan Jaaffar to chair its board, making the news industry veteran the group’s first executive chairman since its establishment in September 2003.
- JAKS Resources Bhd, which is in the midst of finalising details of a planned US$1.8 billion (RM6.48 billion) power plant in Vietnam, is now planning to secure an estimated €20 million (RM94.56 million) wastewater treatment plant construction job there

27 April
- Prime Minister Datuk Seri Najib Razak announces measures to liberalise financial services sector, including relaxation of foreign shareholding for all players in Islamic banking.
- Bank Negara introduces criteria for the issuance of new commercial banking licences as part of the liberalisation measures for the financial sector.
- Sime Darby Bhd, Ramunia Holdings Bhd confirm they are in preliminary talks on a potential corporate transaction.