May 15
- The national financial guarantee institution, Danajamin Nasional Bhd (Danajamin) started operations on May 15 with an initial paid-up capital of RM1 billion. It is expected to be able to underwrite guarantees of up to RM15 billion in bonds with the current paid-up. The paid-up capital would be raised to RM2 billion if necessary.
- DiGi investing RM75 million in the Penang broadband market over the next three years in the second part of its 14.4Mbps broadband network roll-out.
- Media Prima Bhd posted a net loss of RM23.3 million in the first quarter (1Q) ended March 31, compared with net profit of RM17.06 million a year ago due to lower advertising revenue. Revenue fell to RM141.17 million from RM159.58 million a year ago.
- Country Heights Holdings Bhd group managing director Mark Rozario expects zero earnings growth this year as it holds back new launches and focuses on enhancing its existing projects amid a challenging economic outlook.
- Malaysian Resources Corporation Bhd (MRCB) swung back into the black in the first quarter ended March 31, 2009 with net profit RM153,000 compared to its net loss of RM39.3 million in 4Q2008.
- IOI Corporation Bhd net profit for the third quarter ended March 31, 2009 fell sharply to RM37.36 million from RM601.64 million a year ago mainly due to unrealised translation loss on US denominated borrowings and lower earnings from its plantation division.
May 14
- Bumiputra-Commerce Holdings Bhd (BCHB) Group posted net profit of RM613.94 million in the first quarter ended March 31, up 14.8% from RM535.33 million a year ago. The stronger set of results was due to stronger growth in revenue, firm margins and benign non-performing loans.
- Scomi Engineering Bhd to work with Geodesic Technique Pvt Ltd on a proposal to design, build, own, operate and transfer of a 59-km monorail system in Bangalore, India, which will cost an estimated RM8.45 billion.
- Scomi Group Bhd’s net profit for the first quarter ended March 31, 2009 (1Q09) fell 56% to RM9.5 million from RM21.81 million a year ago.
- IOI Corp Bhd executive chairman Tan Sri Lee Chin Seng said palm oil output could be hurt by dry weather this year, with yields possibly dropping by 5% due to warm weather. This could result in crude palm oil prices reaching almost RM 3,000 if there was increased overseas demand
May 13
- Petroliam Nasional Bhd (Petronas) is suing Perwaja Holdings Berhad for RM 85.5 million due to disputed charges for the supply of natural gas to the steelmaker.
- Genting Singapore plc suffered a net loss of US$31.9 million (RM76.8 million) in the first quarter ended 31 March 2009.
- The European Commission fined chipmaker Intel Corp a record 1.06 billion euros (US$1.45 billion) for illegal anticompetitive practices such as illegal rebates to exclude competitors from the x86 central processing units (CPU) computer chip market.
- Trans-Asia Shipping Corp Bhd’s net profit dropped 86% to RM389,000 in its first quarter (1Q) ended March 31, 2009 from RM2.77 million due to poor performance in all its business segments.
May 12
- After RM40 million and six years of dedicated research and development (R&D) into the mapping of the oil palm genome, Sime Darby Bhd is ready to reap the success. With the help of local and foreign expertise, Sime Darby has successfully deciphered the genetics of the oil palm plant, making it the world’s first company to achieve the scientific breakthrough.
- The Malaysia Deposit Insurance Corporation (PIDM) aims to collect up to RM147 million in premiums based on the full implementation of the differential premium system for financial institutions, which will be released next week.
- KLCC Property Holdings Bhd posted net profit of RM362.53 million in its fourth quarter (4Q) ended March 31, 2009, up 37% from RM264.77 million a year ago due to fair value adjustment of the investment properties.
May 11
- Malaysia’s economy is expected to achieve positive growth in the fourth quarter (4Q), underpinned by growth in domestic demand and the stabilisation of economies, particularly those in Asia.
- Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz said if conditions continued to improve, the domestic economy would begin to pick up in the third quarter of 2009 and there would be a “high potential” for positive growth in the fourth quarter.
- Malaysia’s industrial output in March fell 14.4% from a year ago, due to contraction in the manufacturing (19.6%), mining (3.2%) and electricity (8.9%) indices.
- MISC Bhd’s net profit plunged 76% to RM181.9 million in its fourth quarter ended March 31, 2009 (4QFY09) from RM764.5 million a year earlier mainly due to losses in its liner business. Revenue was up 14% to RM4 billion from RM3.5 billion, while basic earnings per share (EPS) fell to 4.89 sen from 20.55 sen.
- Onstream Marine Sdn Bhd, a company in which Datuk Kamaluddin Abdullah and Shah Hakim @ Shahzanim Zain are deemed interest, disposed of 49 million Scomi Group shares on May 11.
- The national financial guarantee institution, Danajamin Nasional Bhd (Danajamin) started operations on May 15 with an initial paid-up capital of RM1 billion. It is expected to be able to underwrite guarantees of up to RM15 billion in bonds with the current paid-up. The paid-up capital would be raised to RM2 billion if necessary.
- DiGi investing RM75 million in the Penang broadband market over the next three years in the second part of its 14.4Mbps broadband network roll-out.
- Media Prima Bhd posted a net loss of RM23.3 million in the first quarter (1Q) ended March 31, compared with net profit of RM17.06 million a year ago due to lower advertising revenue. Revenue fell to RM141.17 million from RM159.58 million a year ago.
- Country Heights Holdings Bhd group managing director Mark Rozario expects zero earnings growth this year as it holds back new launches and focuses on enhancing its existing projects amid a challenging economic outlook.
- Malaysian Resources Corporation Bhd (MRCB) swung back into the black in the first quarter ended March 31, 2009 with net profit RM153,000 compared to its net loss of RM39.3 million in 4Q2008.
- IOI Corporation Bhd net profit for the third quarter ended March 31, 2009 fell sharply to RM37.36 million from RM601.64 million a year ago mainly due to unrealised translation loss on US denominated borrowings and lower earnings from its plantation division.
May 14
- Bumiputra-Commerce Holdings Bhd (BCHB) Group posted net profit of RM613.94 million in the first quarter ended March 31, up 14.8% from RM535.33 million a year ago. The stronger set of results was due to stronger growth in revenue, firm margins and benign non-performing loans.
- Scomi Engineering Bhd to work with Geodesic Technique Pvt Ltd on a proposal to design, build, own, operate and transfer of a 59-km monorail system in Bangalore, India, which will cost an estimated RM8.45 billion.
- Scomi Group Bhd’s net profit for the first quarter ended March 31, 2009 (1Q09) fell 56% to RM9.5 million from RM21.81 million a year ago.
- IOI Corp Bhd executive chairman Tan Sri Lee Chin Seng said palm oil output could be hurt by dry weather this year, with yields possibly dropping by 5% due to warm weather. This could result in crude palm oil prices reaching almost RM 3,000 if there was increased overseas demand
May 13
- Petroliam Nasional Bhd (Petronas) is suing Perwaja Holdings Berhad for RM 85.5 million due to disputed charges for the supply of natural gas to the steelmaker.
- Genting Singapore plc suffered a net loss of US$31.9 million (RM76.8 million) in the first quarter ended 31 March 2009.
- The European Commission fined chipmaker Intel Corp a record 1.06 billion euros (US$1.45 billion) for illegal anticompetitive practices such as illegal rebates to exclude competitors from the x86 central processing units (CPU) computer chip market.
- Trans-Asia Shipping Corp Bhd’s net profit dropped 86% to RM389,000 in its first quarter (1Q) ended March 31, 2009 from RM2.77 million due to poor performance in all its business segments.
May 12
- After RM40 million and six years of dedicated research and development (R&D) into the mapping of the oil palm genome, Sime Darby Bhd is ready to reap the success. With the help of local and foreign expertise, Sime Darby has successfully deciphered the genetics of the oil palm plant, making it the world’s first company to achieve the scientific breakthrough.
- The Malaysia Deposit Insurance Corporation (PIDM) aims to collect up to RM147 million in premiums based on the full implementation of the differential premium system for financial institutions, which will be released next week.
- KLCC Property Holdings Bhd posted net profit of RM362.53 million in its fourth quarter (4Q) ended March 31, 2009, up 37% from RM264.77 million a year ago due to fair value adjustment of the investment properties.
May 11
- Malaysia’s economy is expected to achieve positive growth in the fourth quarter (4Q), underpinned by growth in domestic demand and the stabilisation of economies, particularly those in Asia.
- Bank Negara Malaysia (BNM) governor Tan Sri Dr Zeti Akhtar Aziz said if conditions continued to improve, the domestic economy would begin to pick up in the third quarter of 2009 and there would be a “high potential” for positive growth in the fourth quarter.
- Malaysia’s industrial output in March fell 14.4% from a year ago, due to contraction in the manufacturing (19.6%), mining (3.2%) and electricity (8.9%) indices.
- MISC Bhd’s net profit plunged 76% to RM181.9 million in its fourth quarter ended March 31, 2009 (4QFY09) from RM764.5 million a year earlier mainly due to losses in its liner business. Revenue was up 14% to RM4 billion from RM3.5 billion, while basic earnings per share (EPS) fell to 4.89 sen from 20.55 sen.
- Onstream Marine Sdn Bhd, a company in which Datuk Kamaluddin Abdullah and Shah Hakim @ Shahzanim Zain are deemed interest, disposed of 49 million Scomi Group shares on May 11.
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