Malaysia Business
ViTrox to undertake RM45m expansion driveGEORGE TOWN: ViTrox Corp Bhd is embarking on a RM45mil research and development (R&D) expansion programme next year that will re-position the group as a high-tech inspection equipment manufacturer of advanced X-ray inspection (AXI) and optical inspection (AOI) in 2012.
TM: No decision on Measat GO
PETALING JAYA: Telekom Malaysia Bhd (TM) has yet to decide whether to take up the RM4.20 per share cash offer for its 15.39% stake in satellite operator Measat Global Bhd by Measat Global Network Systems Sdn Bhd (MGNS).
Hedging of jet fuel
PETALING JAYA: To hedge or not to hedge? The medium-term volatility of oil prices is giving the aviation sector a headache.
Berjaya Assets to handle Lido Boulevard
JOHOR BARU: Berjaya Assets Bhd is now in the midst of taking over the development of Lido Boulevard, the multibillion ringgit integrated waterfront development project by Central Malaysia Properties Sdn Bhd (CMP).
Strong ringgit, attractive UK properties lure EPF and other Malaysians
PETALING JAYA: The ringgit’s strength and generally lower property valuations in the UK are drawing more Malaysian investors, both retail and institutional, to London and the latest to make the move is the Employees Provident Fund (EPF).
Bond ‘party’ to continue
KUALA LUMPUR: Fixed income players expect the party in the bond market to continue despite the central bank maintaining the overnight policy rate at 2.75%.
Jetson to seek legal advice on project deal
PETALING JAYA: Kumpulan Jetson Bhd will seek legal advice after TTDI KL Metropolis Sdn Bhd terminated a shareholder agreement between the two firms to jointly develop a project known as the Matrade Centre at Jalan Duta in Kuala Lumpur.
Enerk’s presence a commercial decision
PETALING JAYA: The presence of Indian engineering firm Enerk International Holdings Ltd as a minority shareholder in a Mudajaya Group Bhd subsidiary in India that has a lucrative construction contract, was purely a commercial decision that had been disclosed and approved by Mudajaya shareholders in 2007, said Asgari Stephens, Mudajaya’s newly-appointed chairman.
AZRB acts against AFU
PETALING JAYA: Builder Ahmad Zaki Resources Bhd (AZRB) has initiated legal action against Saudi Arabia’s Alfaisal University (AFU) for possible breach of contract, the company told Bursa Malaysia yesterday.
SAAG proposes to raise RM416mil
KUALA LUMPUR: SAAG Consolidated Bhd has proposed to raise gross proceeds of up to about RM416mil by undertaking a proposed rights issue, proposed exchangeable bonds and/or proposed irredemeable convertible preference shares (ICPS) issue.
Waiting game continues for REDtone
PUCHONG: A year has passed and REDtone International Bhd is still waiting for additional spectrum to roll out WiMAX-based services in Peninsular Malaysia after its service launch in east Malaysia last year.
Sunway unit in Singapore project
PETALING JAYA: Sunway Holdings Bhd’s unit, Sunway Developments Pte Ltd, and joint-venture partner Hoi Hup Realty Pte Ltd will pay S$165mil (RM384mil) to lease a parcel of state land from the Singapore government at Miltonia Close for 99 years to undertake a property development project.
Government eyes more private investments in rubber sector
KUALA LUMPUR: The government aims to attract more private investments in the rubber and its related industries as the sector is important for the country amid its bullish outlook.
Chandra Muzaffar answers your 10 questions
Social activist Dr Chandra Muzaffar fields the 10 questions posed to him by our readers.
Up Close and Personal with Tan Sri Rastam Isa
The former Wisma Putra secretary-general talks about the highlights of his 36-year career as a diplomat.
KYM in ‘intense’ talks with Vale
KYM Holdings Bhd, which only recently garnered investors interest based on its ties with Brazil’s mining giant Vale International SA, is set to make the relationship official soon.
UDA focused on changing perception
UDA HOLDINGS Bhd’s profile will be raised quite a bit with the Government’s plans to develop several pieces of land around the Klang Valley.
Global fund management industry changing
THE global fund management industry has changed significantly following the global economic downturn in late 2008, which led fund managers scrambling to shift their investments to safer havens away from traditional hotspots such as the United States, Britain and parts of Europe and Japan.
Coming to grips with an ageing society
WHO says age is just a number? We celebrated Malaysia’s 53rd year of independence on Tuesday. On the scale of political history, we are a young nation still, but if we look at our demographics, we are showing more than a touch of grey. While we plan to achieve developed nation status by 2020, that may also be the year when we become an ageing society.
Defining age
AS the country ages, some terms and phrases will come to the forefront of our consciousness as we deal with the implications. Here are a few that we ought to know:
Not a new issue
IT is not as if ageing only recently popped up as an important issue around the world. After all, the first World Assembly on Ageing was held in 1982, and 1999 was declared the International Year of Older Persons. In May 2000, the United Nations (UN) General Assembly decided to convene the Second World Assembly on Ageing in 2002.
To retire or not ...
RETIREMENT is never the end, considering that most of us retire at 55 but are expected to be around for another 20 years or so. There are many options for retirees. Some may choose to wind down, but there are many who choose to remain active after 55. Here are their thoughts on retirement:
Small wonder plans big
CHIT Quah is an advertising veteran who has worked in several big and multinational agencies. But in the last one year, he has been heading his own boutique agency, Spin Communications Sdn Bhd.
New Malaysian Advertisers Association head sets key priorities
WHEN Khoo Kar Khoon was elected president of the Malaysian Advertisers Association (MAA) in May, no media announcement was made.
A new class of condos
TWO things stand out among the Top 10 freehold condominiums around KLCC - the wide disparity in capital values of those who made it to the ranks (the top 2 are worth more than two to three times than the tenth ranked) while it drives home the point that branding and specific site, even if in the same vicinity, can make a huge difference.
Sluggish rental market
EVEN as certain top-end condominium units have been sold at hefty prices, the general rental market in the KLCC vicinity has remained somewhat sluggish.
A rising trend for condos
THERE used to be a time when landed properties, not multi-storied dwellings such as condos, were most sought after homes in Kuala Lumpur. While this may be true still to some extent, increasingly, high end condominiums are becoming the preferred choice for the affluent.
Dealing with oversupply
NOT surprisingly and generally speaking, most realtors concur that there is an oversupply of condominiums in the KLCC vicinity.
Too much of a concession?
Errol Oh would like to know how and why Malaysian International Tuna Port failed.
Should EPF house our money in real estate abroad?
Anita Gabriel ponders on the Employees Provident Fund’s move into UK property.
Spanish ideals influence the world for 300 years
Andrew Sheng talks about Mexico and how the country has been impacted by globalisation
Jackson Hole ‘gunfight’ shoots blanks
Lin See-Yan feels the Fed badly needs to show its relentlessness in preventing a double-dip deflation.
A good lifestyle need not be a costly affair
Tay Han Chong believes a good lifesyle need not be a costly affair.
Some thoughts behind EPF’s move
SINCE the beginning of 2009, many individual investors have purchased properties in Britain. The fact that the Employees’ Provident Fund is going into Britain as well poses some interesting questions.
The darnedest money mistakes
StarBizWeek compiles five of the more common fortune disasters pointed out by financial advisers in the hopes of helping readers gain a solid financial footing.
Protectionism, subsidies can hamper entrepreneurs’ ability to compete
A report by Mansfield Foundation states that one of the major challenges hampering the ability of Malaysian entrepreneurs and businesses to compete effectively in the global market is complacency.
How an economy grows and why it crashes
How an economy grows and why it crashes review by ANDREW LEE.
Snapshots
Compiled by THEAN LEE CHENG
About time Bursa consolidates
TREND ANALYSIS By K.M. LEE
Eye on stock
On MMC Corp
US economic data quell fears of double-dip recession
WASHINGTON: Pending sales of previously owned US homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping quell fears the economy could face a double-dip recession.
Founder’s son joins Bharti, fuels succession talk
NEW DELHI: Bharti Airtel, India’s No1 mobile operator, appointed the son of its billionaire founder-chairman as a manager, raising speculation he was being groomed for a top position in the US$27bil company.
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