Government sees rising commodity prices, slower economic growth could impact plan to achieve fiscal deficit of 3.1% this year, says Nor Mohamed.
Oil and gas services provider Dayang’s public issue of 17.6 m new shares at RM 1.45 each was oversubscribed 8.39 times. It is scheduled to be listed on April 24.
Seadrill ups Sapuracrest stake to 17.44% or 203.82 m shares after buying 10 m shares from April 7 to 10.
SC charged Welli Multi ex-MD Ang Sun Beng and ED Ang soon An with 4 counts of giving misleading financial statements to SC.
Public bank reports net profit of RM 717 mil for first quarter ended March 31, up 51 % from RM 476 mil a year ago. Pre-tax profit was up 44% to RM 971 m.
Chevrolet will expand its manufacturing arm to Malaysia, but the details are to be finalized in a few months, says its SEA operations president.
Carrefour hopes to have 24 stores by 2010, from 13 now, says its MD. This year it plans to open 3 to 4 stores. Each store will cost RM 10 m to RM 15 m.
Tenaga quarter 2 net profit stands at RM 1.06 b vs RM 1.55b a year ago. EPS stands at 24.5 sen vs 36.3 sen. Revenue is RM 6.1b vs RM 5.68b.
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