Commerce Malaysia
Tuesday, January 06, 2009
Slower growth forecast this year
Malaysia is projected to achieve a gross domestic product (GDP) growth of about 2.5% to 3.5% this year compared with a forecast 5.5% GDP growth in 2008, according to Singapore-based Centennial Group Asia director Manu Bhaskaran.
Star Publications appoints two new directors
Star Publications (M) Bhd has appointed two new board members – Datuk Clement Hii Chii Kok and Ng Beng Lye.
Resorts World at Sentosa to open in 2010
Genting International plc’s unit Resorts World at Sentosa Pte Ltd will embark on an aggressive marketing campaign to build awareness about its integrated resort in Sentosa Island slated to open in 2010.
Impul Grand Livina unveiled
Edaran Tan Chong Motor Sdn Bhd expects a 10% increase in sales of its Nissan Grand Livina this year.
Nadzmi’s Proton vision
Proton Holdings Bhd new chairman Datuk Mohd Nadzmi Mohd Salleh talks to ELAINE ANG about his role in the company.
KFCH now subsidiary of QSR
KFC Holdings (M) Bhd is now a subsidiary of QSR Brands Bhd after the latter raised its stake to 50.25% following the acquisition of 3.2 million shares from June 30 last year to Jan 2.
New cars amid slowdown
PEOPLE looking to buy cars this year have a lot to look forward to as a slew of local automotive players will launch new or variant models this quarter (Q1).
Tough lessons in business and in life
Although his first business venture failed, Ernie Chen, founder of the ATCEN group, did not give up easily. It only made him more determined to succeed in life and business.
Inflated food prices – has the bubble burst?
INFLATION has been on the rise in Malaysia in tandem with higher global oil and food prices. However, after peaking, there are signs of it ebbing now. Key to this possible regression is falling global oil prices.
EON Bank cuts BLR to 6.5%
EON Bank Bhd will cut its base lending rate by 25 basis points to 6.5% effective next Monday, said chief executive officer Albert Lau Yiong.
IOI aborts bid for Menara Citibank, loses deposit
IOI Corp Bhd forfeited its deposit of RM73.36mil after it aborted plans to acquire Menara Citibank for RM586.73mil.
Waterfront developments in Danga Bay unveiled
Iskandar Investment Berhad (IIB) has unveiled a 2.4ha integrated multi-million ringgit waterfront development in Danga Bay to attract international property investors, expatriates and local professionals.
AmBank invests RM30m in self-service machines
AmBank (M) Bhd has teamed up with Wincor Nixdorf (M) Sdn Bhd to expand the bank’s self-service machines throughout the country involving total investment of RM30mil.
Government looking at ways to lower fertiliser prices
The Government will look into ways to lower fertiliser prices next year for the plantation sector by providing “backing” to fertiliser suppliers, said Plantation Industries and Commodities Minister Datuk Peter Chin Fah Kui.
Study to help exploit Sabah’s gas and oil
A study involving Government and Petronas officials is underway to determine the downstream industries suitable to exploit the state’s gas and oil resources, said Chief Minister Datuk Musa Aman.
Move to boost vanilla cultivation in Sarawak
Sarawak aims to have 100ha under commercial cultivation of vanilla by 2010, said state Assistant Minister for Land Development Datuk Francis Harden Hollis.
Packages to boost tourism in Sarawak
Two new products will be launched next year to boost Sarawak’s tourism potential.
Museum for Pulau Besar
The Malacca state, through its Museums Corporation, will set up a RM2mil museum on Pulau Besar off Umbai to feature the history and legends of the island.
