Business This Week (22-26 June)

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.