The Star Online: Business
Update: Saturday, July 31, 2010 MYT 12:15:50 PM



RM21.80 a share offer for Tanjong buyout (Jul 31)
PETALING JAYA: After days of speculation of an impending buyout offer for Tanjong plc, the intention to take the power and gaming outfit private was confirmed yesterday evening at a press conference.


Indian firms to sign MoUs in Penang (Jul 30)
GEORGE TOWN: Some 12 memorandum of understandings (MoUs) that could generate over US$10mil in investments for Penang are expected to be signed soon by at least seven Indian companies with local businessmen.


Mixed views on possible retail credit bubble (Jul 30)
PETALING JAYA: Amid the current healthy loan growth trend, there is concern that a retail credit bubble may just be in the making, according to some analysts.


Tips on how to get loans (Jul 31)
EVERY year, the SMI Association of Malaysia receives complaints from its members about the difficulties of securing credit.


Interest rate hikes starting to help ringgit (Jul 30)
WHEN Bank Negara raised interest rates for the third time this year earlier this month, expectations were that the ringgit would appreciate.


Adamus has 87% voting shares of M3nergy (Jul 30)
PETALING JAYA: Adamus Avenue Sdn Bhd, which is seeing resistance from M3nergy’s board in its takeover attempt of the company, told Bursa Malaysia that it has received valid acceptances resulting in it holding 87.01% of the voting shares of M3nergy.


JCorp statement on RM3.6bil debts next month (Jul 31)
PETALING JAYA: Johor state investment arm Johor Corp (JCorp) is slated to make an announcement on the full status of its RM3.58bil outstanding corporate debts next month.


Prudential UK eyes P&O takeover (Jul 30)
PETALING JAYA: Prudential UK is believed to have submitted an application to Bank Negara to commence talks on the potential acquisition of local general insurance company, Pacific & Orient Bhd (P&O).


Doubt over Fotronics recoverability of trade receivables (Jul 30)
KUALA LUMPUR: Messrs CroweHorwath, external auditors to data storage company Fotronics Corp Bhd, has expressed doubt over the recoverability of trade receivables totalling RM12.7mil due to the company, and are unable to ascertain the salvage value of machinery with a carrying value of RM1.9mil.


F&N names Ng as new CEO (Jul 30)
PETALING JAYA: Fraser and Neave Holdings Bhd (F&N) has appointed Datuk Ng Jui Sia as the company’s new chief executive officer.