As reported on October 20th, Newcomer Nilamas Corp Sdn Bhd has secured all the requisite licences from the Government to offer digital cable TV in the country and it is targeting the launch of its offering in the second quarter of 2012. And yesterday the company rebranded itself and now will be known as Asian … Read more
Dijaya Corporation Bhd and Ivory Properties Group Bhd have signed a joint venture (JV) agreement to develop mixed residential and commercial properties in Penang with a gross development value (GDV) of RM10 billion. In a joint statement on Friday, the two companies said the development will be completed over the next eight years and would … Read more
OCBC Bank (Malaysia) Bhd has launched a new mortgage loan facility for Malaysians who are looking to purchase residential properties in prime sections of Sydney and Melbourne in Australia. Dubbed “OCBC Overseas Property Financing – Australia”, this facility follows from the success of a similar scheme for London properties launched six months ago. Like the … Read more
Malaysian lender RHB Capital Bhd will finalise its merger proposal with investment bank OSK Holdings Bhd next month, local newspaper The Star said on Tuesday, quoting an RHB official. RHB and OSK have been in merger discussions since receiving approval from Malaysia’s central bank in October to commence negotiations, the success of which will create … Read more
Pavilion Real Estate Investment Trust, a Malaysian shopping mall trust part-owned by the Qatar Investment Authority, is seeking acquisitions within the country and throughout Asia to expand. The Kuala Lumpur-based property trust, which is expected to list next month, owns the Pavilion mall and an adjacent office tower in the capital’s Bukit Bintang area, which … Read more
In another corporate sputter for beleaguered Japanese automaker Toyota Motor Corp., the company said it was recalling more than 420,000 vehicles in the U.S. in connection with potential steering problems. The safety recall to replace the crankshaft pulley on the V-6 engine affects 283,200 Toyota and 137,000 Lexus vehicles in the U.S., the company said. … Read more
In the worst quarter for U.S. stocks since the financial crisis, investor Warren Buffett went on a stock buying spree. A filing late Friday from Buffett’s Berkshire Hathaway (BRKA, Fortune 500) shows it bought $20 billion in stocks in the three months ended Sept. 30 — including $6.9 billion worth of dabbling in U.S. stocks. … Read more
CIMB Group, the regional bank operating in ASEAN and headquartered in Kuala Lumpur has parted ways with Ogilvy, sources have told Marketing. Both CIMB and Ogilvy declined to comment on the development. It is known that Ogilvy handles CIMB’s creative business in its main markets of Singapore, Thailand, Malaysia and Indonesia and it is unclear … Read more
Volkswagen has unveiled three new models in Malaysia to provide class-leading products at affordable prices for the Malaysians market. Volkswagen has unveiled three new models – Jetta, Passat and Cross Touran – in Malaysia to provide class-leading products at affordable prices for the Malaysians market. The Jetta includes a five-star Euro-NCAP (New Car Assessment Programme) … Read more
prime minister, medical doctor, statesman, author and plenty more, Dr Mahathir Mohamad is a legend in Asia and renowned for his straight-talking ways, especially concerning the West. And for the crowd who arrived at Traders Hotel in Yangon to hear his business talk on November 2, Dr Mahathir did not disappoint. “Europe is bankrupt and … Read more