26 June
- CIMB Group won all three Malaysia awards in this year’s Asiamoney Best Bank awards, making it the only bank in Asia to sweep all three country awards. CIMB was voted Best Domestic Bank, Best Domestic Equity House and Best Domestic Debt House.
-CIMB Investment Bank Bhd won three of the four Lead Manager Awards 2008 at the RAM Lead Awards ceremony. CIMB Investment Bank took the first spot in Lead Manager Award 2008 - Number of Deals; Lead Manager Award Islamic 2008 - Number of Deals; and Lead Manager Award Islamic 2008 – Issue Value.
- Unisem (M) Bhd has allocated 60% to 70% of its proposed RM80 million to RM100 million capital expenditure for its plant in Chengdu, China.
- Fertility treatment specialist TMC Life Sciences Bhd expects to reverse its losses by the third quarter of this year, underpinned by contribution from its hospital division.
25 June
- Developer Gamuda Bhd announced earnings for 3Q ended April 30, 2009 fell 40% to RM46.3 million from RM76.71 million a year ago.
- Mulpha International Bhd committed A$73.22 million (RM206.49 million) to take up its full entitlement in a rights exercise undertaken by its 22.6%-owned FKP Property Group, which is listed in Australia.
-The Selangor government doubled its offer price to take over Konsortium Abass Sdn Bhd (Abass) to RM946 million from the RM525 million offer in February.
- Tan Sri Tan Hua Choon, who is Goh Ban Huat Bhd’s (GBH) single largest shareholder, launched a conditional takeover of GBH, offering to acquire the remaining 69.55% or 43.067 million shares at RM53.83 million.
- Petroliam Nasional Bhd (Petronas) group's net profit for the financial year ended March 31, 2009 fell 13.9% to RM52.5 billion from RM61 billion a year ago.
- Indonesia has temporarily stopped sending maids to Malaysia until there are discussions on the review of the memorandum of understanding on the matter.
- EON Capital Bhd (EON Cap) submitted an application to the Securities Commission (SC) for the establishment of a RM1 billion tier-1 capital programme.
24 June
- Glomac Bhd recorded a net profit of RM7.21 million in 4Q ended April 30, 2009, a 66.5% increase from RM4.33 million in the same period last year.
- United Malacca Bhd posted a net profit of RM15.22 million for 4Q ended April 30, 2009, a decrease of 23% from RM19.82 million a year earlier.
- AirAsia Bhd group chief executive officer Datuk Seri Tony Fernandes announced the low-cost carrier removed administration charges, effective June 23, as part of its aim to boost travel.
23 June
- Top Glove Corporation Bhd’s net profit for 3Q ended May 31, 2009 surged 62% to RM42.17 million from RM26.09 million a year earlier.
- LCL Corp Bhd will receive a refund of 5.44 million dirham (RM5.25 million) from Arabtec Construction LLC following the resolution of a payment dispute over the Tiara United Tower in Dubai.
- Khazanah Nasional Bhd teamed up with Boustead Holdings Bhd to develop a RM50 million theme park called KidZania near The Curve, Mutiara Damansara, Selangor.
22 June
- Supportive International Holdings Bhd’s net profit for 1Q ended April 30, 2009 to RM2.64 million from RM790,000 a year earlier.
- UMW Holdings Bhd proposed to issue up to RM800 million in debt notes to be used for its corporate exercises.
- Kencana Petroleum Bhd posted net profit of RM27.64 million for the third quarter (3Q) ended April 30, up 26% from RM22.02 million a year earlier.
- Berjaya Land Bhd posted net loss of RM102.15 million for the financial year ended April 30, 2009, compared with net profit of RM1.11 billion in net profit a year ago.
- Bank Negara’s international reserves fell US$1.2 billion to US$87.1 billion as at June 15, 2009 from US$88.3 billion on May 29 this year.
- YTL Corp Bhd will take up 75% of the total rights units to be issued by Starhill Global Real Estate Investment Trust (REIT) under its proposed one-for-one basis.
2009年6月26日星期五
2009年6月19日星期五
Business this week (June 15 – June 19)
June 15
- Scomi Group Bhd and Brazilian civil construction partner CR Almeida SA is ready to bid for a monorail project in Sao Paulo, Brazil, when the city opens the tender next month.
- Berjaya Sports Toto Bhd (BToto) declares dividends of 30 sen cash plus distribution of treasury shares to its shareholders.
- Bursa Malaysia Bhd to implement multi-currency securities framework to support listing, trading, clearing and settlement of non-ringgit seurities, primary non-ringgit listings or cross listings from other stock exchanges on July 13.
June 16
- Bank Negara and the Securities Commission launched probe into Bestino Group Bhd and its related companies - which claim to be involved in gold mining -for suspected illegal deposit taking and illegal investment schemes.
- Bank Negara studying possibility of reviewing the “tariff-based’ insurance system for motor vehicles, in place since 1978. Plans to replace it with a “risk-based” system.
- Perwaja Holdings Bhd filed defence and counterclaim for up to RM105.26 million from Petroliam Nasional Bhd as excess payment for gas supplied by the national oil company.
June 17
- South Korea’s Hana Bank has proposed to issue up to RM1 billion nominal value multi-currency medium-term note programme from 2009 to 2012.
- Tradewinds (M) Bhd taking steps to recover the RM193.9 million owed by Bukhary Sdn Bhd which now accounts for about 60% of total trade receivables.
- Dubai’s Damac Properties (M) Sdn Bhd withdraws from deal with UEM Land Holdings Bhd to buy a piece of land in Nusajaya, Iskandar Malaysia for RM396.44 million.
June 18
- Kumpulan Hartanah Selangor Bhd is in talks to acquire 9.4 acres of land in Section 14, Petaling Jaya for a proposed property project with an estimated gross development value of RM600 million.
- WCT Bhd is keen to take part in building the RM2 billion new low-cost carrier terminal (LCCT) in Sepang.
- World Bank raised China’s forecast GDP growth for this year to 7.2% from 6.5% following an unfolding surge in government-influenced investment, triggered by Beijing's four trillion yuan (RM2.06 trillion) stimulus package.
June 19
- Jobs and factory data suggest US economy may be struggling out of recession following signs of economic “green shoots” which halted the decline and bolstered hopes that it has bottomed out.
- YSP Southeast Asia Holding Bhd plans to invest RM30 million to build a new plant in Vietnam to manufacture veterinary products, with the production plan expected to start in 2011.
- Bank Negara says from July 1, individuals who purchase general insurance covers directly from insurance companies will be eligible to receive premium rebates. The quantum of the rebates will depend on the type of insurance covers purchased. For motor insurance, individuals will receive 5% premium rebate in the first year of implementation and 10% thereafter. For others including businesses, insurance companies have the flexibility of providing the rebates. The direct purchase includes walk-in, through the internet, direct mailing and the telemarketing channel.
- Wah Seong Corp Bhd is strengthening its global presence in oil and gas and also industrial services operations. Its managing director and group chief executive officer said the company was looking at possible acquisition in the second half of 2009 aimed at further beefing up its O&G operations as well as making further inroad in the overseas markets.
- Scomi Group Bhd and Brazilian civil construction partner CR Almeida SA is ready to bid for a monorail project in Sao Paulo, Brazil, when the city opens the tender next month.
- Berjaya Sports Toto Bhd (BToto) declares dividends of 30 sen cash plus distribution of treasury shares to its shareholders.
- Bursa Malaysia Bhd to implement multi-currency securities framework to support listing, trading, clearing and settlement of non-ringgit seurities, primary non-ringgit listings or cross listings from other stock exchanges on July 13.
June 16
- Bank Negara and the Securities Commission launched probe into Bestino Group Bhd and its related companies - which claim to be involved in gold mining -for suspected illegal deposit taking and illegal investment schemes.
- Bank Negara studying possibility of reviewing the “tariff-based’ insurance system for motor vehicles, in place since 1978. Plans to replace it with a “risk-based” system.
- Perwaja Holdings Bhd filed defence and counterclaim for up to RM105.26 million from Petroliam Nasional Bhd as excess payment for gas supplied by the national oil company.
June 17
- South Korea’s Hana Bank has proposed to issue up to RM1 billion nominal value multi-currency medium-term note programme from 2009 to 2012.
- Tradewinds (M) Bhd taking steps to recover the RM193.9 million owed by Bukhary Sdn Bhd which now accounts for about 60% of total trade receivables.
- Dubai’s Damac Properties (M) Sdn Bhd withdraws from deal with UEM Land Holdings Bhd to buy a piece of land in Nusajaya, Iskandar Malaysia for RM396.44 million.
June 18
- Kumpulan Hartanah Selangor Bhd is in talks to acquire 9.4 acres of land in Section 14, Petaling Jaya for a proposed property project with an estimated gross development value of RM600 million.
- WCT Bhd is keen to take part in building the RM2 billion new low-cost carrier terminal (LCCT) in Sepang.
- World Bank raised China’s forecast GDP growth for this year to 7.2% from 6.5% following an unfolding surge in government-influenced investment, triggered by Beijing's four trillion yuan (RM2.06 trillion) stimulus package.
June 19
- Jobs and factory data suggest US economy may be struggling out of recession following signs of economic “green shoots” which halted the decline and bolstered hopes that it has bottomed out.
- YSP Southeast Asia Holding Bhd plans to invest RM30 million to build a new plant in Vietnam to manufacture veterinary products, with the production plan expected to start in 2011.
- Bank Negara says from July 1, individuals who purchase general insurance covers directly from insurance companies will be eligible to receive premium rebates. The quantum of the rebates will depend on the type of insurance covers purchased. For motor insurance, individuals will receive 5% premium rebate in the first year of implementation and 10% thereafter. For others including businesses, insurance companies have the flexibility of providing the rebates. The direct purchase includes walk-in, through the internet, direct mailing and the telemarketing channel.
- Wah Seong Corp Bhd is strengthening its global presence in oil and gas and also industrial services operations. Its managing director and group chief executive officer said the company was looking at possible acquisition in the second half of 2009 aimed at further beefing up its O&G operations as well as making further inroad in the overseas markets.
2009年6月17日星期三
Axiata expects forex gain in April, May
SINGAPORE, June 17 — Mobile phone operator Axiata is expected to post foreign exchange gains in April and May, after its first quarter results were hit by foreign exchange losses, its chief said today.
Axiata’s chief executive officer Datuk Seri Jamaludin Ibrahim told Reuters in an interview that the planned sale of its 84 per cent stake in Indonesian unit PT Excelcomindo Pratama Tbk is on track to be completed this year.
“It will be anytime in the next one or two months for us to agree on that, we are very close,” Jamaludin said.
The state-owned firm is also planning to gradually launch a music-based application service, which will be completed by end of 2010 to boost revenue from non voice services.
Axiata, which owns mobile assets in Indonesia, Sri Lanka and India, saw its first quarter net profit fall by 84 per cent due to foreign exchange loss and weaker performance of its overseas subsidiaries. — Reuters
Axiata’s chief executive officer Datuk Seri Jamaludin Ibrahim told Reuters in an interview that the planned sale of its 84 per cent stake in Indonesian unit PT Excelcomindo Pratama Tbk is on track to be completed this year.
“It will be anytime in the next one or two months for us to agree on that, we are very close,” Jamaludin said.
The state-owned firm is also planning to gradually launch a music-based application service, which will be completed by end of 2010 to boost revenue from non voice services.
Axiata, which owns mobile assets in Indonesia, Sri Lanka and India, saw its first quarter net profit fall by 84 per cent due to foreign exchange loss and weaker performance of its overseas subsidiaries. — Reuters
2009年6月12日星期五
Business this week (June 8-12)
June 8
- * Public Bank Bhd and its unit PBFIN Bhd have issued RM1.2 billion worth of stapled securities under a non-innovative tier 1 stapled securities programme.
- * Dialog Group Bhd and the Johor government’s proposed 500-acre independent deepwater petroleum terminal in Tanjung Ayam and Tanjung Kapal in Pengerang, Johor, could cost more than US$1 billion (RM3.5 billion). Storage space estimated at five million cubic metres of storage.
- * Asia-Pacific private equities recovered in the first quarter (1Q) of 2009 mostly the Canada Pension Plan Investment Board's US$5.07 billion (RM17.7 billion) acquisition of Australia's Macquarie Communications Infrastructure Group.
The AVCJ Asian Private Equity Barometer, produced in association with KPMG, showed private equity investment region-wide in 1Q09 amounted to US$10 billion, up from US$7.4 billion in 4Q08, but still far below the US$27.7 billion of investments made in 4Q07.
- * Petroliam Nasional Bhd will undertake “many initiatives” to maintain oil output off the coasts of Peninsular Malaysia and Sarawak over a longer period as the continental shelf off the peninsula has reached maturity.
June 9
- * The government is most unlikely to invoke an expropriation clause in the toll concession agreement to nationalise PLUS Expressways Bhd as it could involve RM30 billion for such an exercise. The Economic Planning Unit is drafting a longer-term solution to PLUS’ scheduled 10%, three-year increase in toll rates.
- * KNM Group Bhd managing director Lee Swee Eng said the sale of a 1.6% stake recently was a strategic placement as the proceeds used to degear and clear up all the margin taken up during the rights issue.
- * Apple Inc halved the price of its entry-level iPhone to US$99 (RM347) to widen the trendy device's mass-market appeal, as global competition increased following Palm Inc’s launch of the Pre.
June 10
- * Genting Bhd paid US$100 million (RM350.5 million) for a 3.2% stake in US casino operator MGM Mirage.
- * The Securities Commission wants listed companies (PLCs) to do what is necessary, including issuing a prompt denial or confirmation of speculation and also provide profit guidance, to ensure investors make informed investment decisions.
- * Malaysia's bond market can absorb up to RM173.3 billion of net bond issuances in 2010, implying a projected total bond demand-to-supply ratio of 1.8 times, says RHB Research Institute estimates.
June 11
- * IJM Corporation Bhd’s chief executive and managing director Datuk Krishnan Tan Boon Seng reveals that he may probably step down by the end of 2010 under a succession plan to make way for his deputy Teh Kean Ming.
- * Giant US money manager BlackRock Inc will buy Barclays Global Investors for US$13.5 billion which will more than double BlackRock’s assets to roughly US$2.7 trillion and give the company access to fast-growing Exchange Traded Funds and retail investors, making it the world’s biggest asset manager.
- * Water engineering company Salcon Bhd is on the prowl again for an insurance business, not long after aborting its planned acquisition of a general insurance company from political party MIC’s investment arm Maika Holdings Bhd earlier this year.
- * The local market's new benchmark, FTSE Bursa Malaysia KLCI, will be adopted on July 6 with the 30 constituents being the same as the current FTSE Bursa Malaysia Large 30 Index (FBM30).
- * The Employees Provident Fund’s unaudited total investment income fell to RM3.26 billion for 1Q ended March 31, 2009. This was a 10.47% decline from RM3.64 billion in the fourth quarter of 2008 (4Q08) due to lower investment returns from both fixed income instruments and equities.
June 12
* Malaysia Airline System Bhd (MAS) posted a net loss of RM694.8 million in the first quarter ended March 31, 2009 including derivative loss of RM557 million with the early adoption of financial reporting standards (FRS 139). A year ago the group posted a profit of RM46.6 million.
*Astro All Asia Networks plc posted net profit of RM34.53 million in the first quarter ended April 30, a contrast from the RM2.6 million net loss a year ago, underpinned by the strong growth in the Malaysian television business.
- * Compugates Holdings Bhd group managing director Goh Kheng Peow disposed of 38.41 million shares in the open market on June 11.
- * Public Bank Bhd and its unit PBFIN Bhd have issued RM1.2 billion worth of stapled securities under a non-innovative tier 1 stapled securities programme.
- * Dialog Group Bhd and the Johor government’s proposed 500-acre independent deepwater petroleum terminal in Tanjung Ayam and Tanjung Kapal in Pengerang, Johor, could cost more than US$1 billion (RM3.5 billion). Storage space estimated at five million cubic metres of storage.
- * Asia-Pacific private equities recovered in the first quarter (1Q) of 2009 mostly the Canada Pension Plan Investment Board's US$5.07 billion (RM17.7 billion) acquisition of Australia's Macquarie Communications Infrastructure Group.
The AVCJ Asian Private Equity Barometer, produced in association with KPMG, showed private equity investment region-wide in 1Q09 amounted to US$10 billion, up from US$7.4 billion in 4Q08, but still far below the US$27.7 billion of investments made in 4Q07.
- * Petroliam Nasional Bhd will undertake “many initiatives” to maintain oil output off the coasts of Peninsular Malaysia and Sarawak over a longer period as the continental shelf off the peninsula has reached maturity.
June 9
- * The government is most unlikely to invoke an expropriation clause in the toll concession agreement to nationalise PLUS Expressways Bhd as it could involve RM30 billion for such an exercise. The Economic Planning Unit is drafting a longer-term solution to PLUS’ scheduled 10%, three-year increase in toll rates.
- * KNM Group Bhd managing director Lee Swee Eng said the sale of a 1.6% stake recently was a strategic placement as the proceeds used to degear and clear up all the margin taken up during the rights issue.
- * Apple Inc halved the price of its entry-level iPhone to US$99 (RM347) to widen the trendy device's mass-market appeal, as global competition increased following Palm Inc’s launch of the Pre.
June 10
- * Genting Bhd paid US$100 million (RM350.5 million) for a 3.2% stake in US casino operator MGM Mirage.
- * The Securities Commission wants listed companies (PLCs) to do what is necessary, including issuing a prompt denial or confirmation of speculation and also provide profit guidance, to ensure investors make informed investment decisions.
- * Malaysia's bond market can absorb up to RM173.3 billion of net bond issuances in 2010, implying a projected total bond demand-to-supply ratio of 1.8 times, says RHB Research Institute estimates.
June 11
- * IJM Corporation Bhd’s chief executive and managing director Datuk Krishnan Tan Boon Seng reveals that he may probably step down by the end of 2010 under a succession plan to make way for his deputy Teh Kean Ming.
- * Giant US money manager BlackRock Inc will buy Barclays Global Investors for US$13.5 billion which will more than double BlackRock’s assets to roughly US$2.7 trillion and give the company access to fast-growing Exchange Traded Funds and retail investors, making it the world’s biggest asset manager.
- * Water engineering company Salcon Bhd is on the prowl again for an insurance business, not long after aborting its planned acquisition of a general insurance company from political party MIC’s investment arm Maika Holdings Bhd earlier this year.
- * The local market's new benchmark, FTSE Bursa Malaysia KLCI, will be adopted on July 6 with the 30 constituents being the same as the current FTSE Bursa Malaysia Large 30 Index (FBM30).
- * The Employees Provident Fund’s unaudited total investment income fell to RM3.26 billion for 1Q ended March 31, 2009. This was a 10.47% decline from RM3.64 billion in the fourth quarter of 2008 (4Q08) due to lower investment returns from both fixed income instruments and equities.
June 12
* Malaysia Airline System Bhd (MAS) posted a net loss of RM694.8 million in the first quarter ended March 31, 2009 including derivative loss of RM557 million with the early adoption of financial reporting standards (FRS 139). A year ago the group posted a profit of RM46.6 million.
*Astro All Asia Networks plc posted net profit of RM34.53 million in the first quarter ended April 30, a contrast from the RM2.6 million net loss a year ago, underpinned by the strong growth in the Malaysian television business.
- * Compugates Holdings Bhd group managing director Goh Kheng Peow disposed of 38.41 million shares in the open market on June 11.
2009年6月5日星期五
Business this week (1-5 June)
5 June
- Bank Negara released a statement today saying that international reserves rose RM1 billion to RM322.5 billion as at May 29, 2009 from RM321.5 billion as at May 15.
- Three Indian public banks,Andhra Bank, Bank of Baroda and Indian Overseas Bank, have initiated a joint venture to set up a subsidiary in Malaysia with an initial investment of US$86 million (RM300 million).
- Prime Minister Datuk Seri Najib Razak said Sime Darby Bhd had been offered a multi-billion development project in China, and would be the lead contractor with the participation of other Malaysian players.
4 June
- Sime Darby Bhd and Ramunia Holdings Bhd extended the date to conclude the signing of the definitive sale and purchase agreement for Sime to acquire the latter's business and undertakings to 3 July.
- ExxonMobil appointed Hugh WA Thompson as the new chairman of its subsidiaries in Malaysia, replacing Liam M Mallon, who has been made the vice-president, engineering for ExxonMobil Production Company in Houston, Texas, US.
-PLUS managing director Noorizah Abdul Hamid announced that the government has paid the first portion of this year's compensation amounting to RM92 million to PLUS Expressways Bhd for not allowing the scheduled increase in toll rates.
-In a filing to Bursa Malaysia, DutaLand entered into a memorandum of understanding (MoU) with China-Boda Group to jointly develop two separate pieces of land in Hebei Province, China and in the Iskandar Development Region.
-Bursa Malaysia Securities Bhd issued Measat Global Bhd with an unusual market activity (UMA) query after the company's shares jumped 37 sen to RM1.58, its highest since last October. Trading in Measat shares was later suspended and resumed June 5.
-Axis Incorporation Bhd was sued by Malayan Banking Bhd for a total of RM20.97 million outstanding as at Feb 28, 2009 plus interest and cost.
3 June
-At least US$2.1 billion (RM7.31 billion) was committed by Petroliam Nasional Bhd (Petronas) and Exxon Mobil Corporation to develop seven existing oil fields off Peninsular Malaysia. It is expected that the further development of the Seligi, Guntong, Tapis, Semangkok, Irong Barat, Tabu and Palas fields is expected to be a major boost for local oil and gas (O&G) companies and those in the supporting industries.
-Axiata Group Bhd, formerly TM International Bhd, was awarded Frost & Sullivan's 2009 Asia Pacific ICT Award for Best Telecom Group of the Year.
-Three directors of the Multimedia Development Corporation (MDec),CIMB Group chief executive Datuk Seri Nazir Razak, Westport Malaysia Sdn Bhd executive chairman Tan Sri G Gnanalingam and ECM Libra executive chairman and CEO Datuk Kalimullah Hassan have declined offers to continue serving on the board.
-Can-One Bhd received its shareholders approval to proceed with its proposed acquisition of 32.9% stake in Kian Joo Can Factory Bhd.
2 June
- LDV Group Ltd, a UK-based van maker was forced to reapply for protection from creditors after "AP King" Datuk Seri Syed Azman Syed Ibrahim pulled out from the proposal to acquire the group from Russian carmaker GAZ.
-Bursa Malaysia issued a circular stating that Kulim Bhd's warrants Kulim-WB's (2004/2009) last trading day will be on June 14, ahead of the expiry on June 30.
-Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), a 70% unit of MMC Corp Bhd secured Marseilles-based main line operator CMA CGM SA (Compagnie Maritime D’Affrement-Compagnie Generale Maritime) as a customer.
1 June
-The Transport Ministry has given approval to AirAsia Bhd to fly the Penang-Chenai, India route by as early as three months. The announcement came in the midst of pending other approvals.
- Due to breach of contract for not maintaining its European cargo hub at the Frankfurt-Hahn airport for 10 years from 1999, Malaysian Airline System Bhd has been ordered to pay €6.85 million (RM33.75 million) to Advanced Cargo Logistic GmbH (ACL) in damages and interest.
-Mamee-Double Decker (M) Bhd proposed to acquire Charmille Pte Lte, which has a controlling 60% interest in the development of an oil palm plantation in central Kalimantan, from Golden Seed Holding Ltd (GSH) at an undisclosed price.
-Bursa Malaysia Bhd appointed Raja Teh Maimunah Raja Abdul Aziz as its global head of Islamic capital market as well as set up a new subsidiary, BMIS Sdn Bhd, to house the operations and business activities of the Islamic capital market for the exchange.
-Idaman Unggul Bhd announced that trading in the securities will be suspended effective Friday (June 5) until further notice.
-Ho Hup Construction Company Bhd appointed Magna Prima Bhd’s former chief executive officer Lim Ching Choy as its new group managing director.
-Parkson Holdings Bhd's wholly owned subsidiary PRG Corporation Ltd signed a share placement agreement with UBS Securities Asia Ltd for the placement of 55 million shares of HK$0.02 each in Parkson Retail Group Ltd.
- Bank Negara released a statement today saying that international reserves rose RM1 billion to RM322.5 billion as at May 29, 2009 from RM321.5 billion as at May 15.
- Three Indian public banks,Andhra Bank, Bank of Baroda and Indian Overseas Bank, have initiated a joint venture to set up a subsidiary in Malaysia with an initial investment of US$86 million (RM300 million).
- Prime Minister Datuk Seri Najib Razak said Sime Darby Bhd had been offered a multi-billion development project in China, and would be the lead contractor with the participation of other Malaysian players.
4 June
- Sime Darby Bhd and Ramunia Holdings Bhd extended the date to conclude the signing of the definitive sale and purchase agreement for Sime to acquire the latter's business and undertakings to 3 July.
- ExxonMobil appointed Hugh WA Thompson as the new chairman of its subsidiaries in Malaysia, replacing Liam M Mallon, who has been made the vice-president, engineering for ExxonMobil Production Company in Houston, Texas, US.
-PLUS managing director Noorizah Abdul Hamid announced that the government has paid the first portion of this year's compensation amounting to RM92 million to PLUS Expressways Bhd for not allowing the scheduled increase in toll rates.
-In a filing to Bursa Malaysia, DutaLand entered into a memorandum of understanding (MoU) with China-Boda Group to jointly develop two separate pieces of land in Hebei Province, China and in the Iskandar Development Region.
-Bursa Malaysia Securities Bhd issued Measat Global Bhd with an unusual market activity (UMA) query after the company's shares jumped 37 sen to RM1.58, its highest since last October. Trading in Measat shares was later suspended and resumed June 5.
-Axis Incorporation Bhd was sued by Malayan Banking Bhd for a total of RM20.97 million outstanding as at Feb 28, 2009 plus interest and cost.
3 June
-At least US$2.1 billion (RM7.31 billion) was committed by Petroliam Nasional Bhd (Petronas) and Exxon Mobil Corporation to develop seven existing oil fields off Peninsular Malaysia. It is expected that the further development of the Seligi, Guntong, Tapis, Semangkok, Irong Barat, Tabu and Palas fields is expected to be a major boost for local oil and gas (O&G) companies and those in the supporting industries.
-Axiata Group Bhd, formerly TM International Bhd, was awarded Frost & Sullivan's 2009 Asia Pacific ICT Award for Best Telecom Group of the Year.
-Three directors of the Multimedia Development Corporation (MDec),CIMB Group chief executive Datuk Seri Nazir Razak, Westport Malaysia Sdn Bhd executive chairman Tan Sri G Gnanalingam and ECM Libra executive chairman and CEO Datuk Kalimullah Hassan have declined offers to continue serving on the board.
-Can-One Bhd received its shareholders approval to proceed with its proposed acquisition of 32.9% stake in Kian Joo Can Factory Bhd.
2 June
- LDV Group Ltd, a UK-based van maker was forced to reapply for protection from creditors after "AP King" Datuk Seri Syed Azman Syed Ibrahim pulled out from the proposal to acquire the group from Russian carmaker GAZ.
-Bursa Malaysia issued a circular stating that Kulim Bhd's warrants Kulim-WB's (2004/2009) last trading day will be on June 14, ahead of the expiry on June 30.
-Pelabuhan Tanjung Pelepas Sdn Bhd (PTP), a 70% unit of MMC Corp Bhd secured Marseilles-based main line operator CMA CGM SA (Compagnie Maritime D’Affrement-Compagnie Generale Maritime) as a customer.
1 June
-The Transport Ministry has given approval to AirAsia Bhd to fly the Penang-Chenai, India route by as early as three months. The announcement came in the midst of pending other approvals.
- Due to breach of contract for not maintaining its European cargo hub at the Frankfurt-Hahn airport for 10 years from 1999, Malaysian Airline System Bhd has been ordered to pay €6.85 million (RM33.75 million) to Advanced Cargo Logistic GmbH (ACL) in damages and interest.
-Mamee-Double Decker (M) Bhd proposed to acquire Charmille Pte Lte, which has a controlling 60% interest in the development of an oil palm plantation in central Kalimantan, from Golden Seed Holding Ltd (GSH) at an undisclosed price.
-Bursa Malaysia Bhd appointed Raja Teh Maimunah Raja Abdul Aziz as its global head of Islamic capital market as well as set up a new subsidiary, BMIS Sdn Bhd, to house the operations and business activities of the Islamic capital market for the exchange.
-Idaman Unggul Bhd announced that trading in the securities will be suspended effective Friday (June 5) until further notice.
-Ho Hup Construction Company Bhd appointed Magna Prima Bhd’s former chief executive officer Lim Ching Choy as its new group managing director.
-Parkson Holdings Bhd's wholly owned subsidiary PRG Corporation Ltd signed a share placement agreement with UBS Securities Asia Ltd for the placement of 55 million shares of HK$0.02 each in Parkson Retail Group Ltd.
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