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BUSINESS News List

Integrated Logistics to dispose of 50 pct stake in INL for RM50.4 million

KUALA LUMPUR, Feb 13 (Bernama) -- Integrated Logistics Bhd (ILB) has proposed to dispose of its entire 50 per cent interest in Integrated National Logistics DWC-LLC (INL) to National Trading and Developing Establishment (NTDE) for United Arab Emirates (AED) dirhams 45 million or about RM50.4 million.

RHB Bank´s US$300 million notes issuance oversubscribed more than 6 times

KUALA LUMPUR, Feb 13 (Bernama) -- RHB Bank Bhd's US$300 million (US$1=RM4.06) in nominal value of five-year senior unsecured notes issuance launched on Tuesday was oversubscribed by more than six times.

CB Industrial unit bags contracts worth RM131.71 mln

KUALA LUMPUR, Feb 13 (Bernama) -- CB Industrial Products Holding Bhd (CBIPH)'s wholly-owned subsidiary, PalmitEco Engineering Sdn Bhd, has bagged three contracts from Indonesia-based PT Kodeco Agrojaya Mandiri, worth RM86.96 million.

MTEM: Incorporate long & short-term measures to reduce economic burden

KUALA LUMPUR, Feb 13 (Bernama) -- The Malay Economic Action Council (MTEM) hopes the newly minted Economic Action Council (EAC) will not only focus on renewing long-term measures but must also look at short-term plans that are able to reduce the economic burden faced by the people.

KNM unit receives signed purchase orders worth US$6.487 million

KUALA LUMPUR, Feb 13 (Bernama) -- KNM Group Bhd’s wholly-owned subsidiary KNM Process System Sdn Bhd (KNMPS) today received the signed purchase orders from Single Buoy Moorings Inc. (SBM Offshore) amounting to US$6.487 million (RM26.38 million based on US$1=RM4.066). 

PTP picks Ramco to upgrade ERP system

KUALA LUMPUR, Feb 13 (Bernama) -- Pelabuhan Tanjung Pelepas Sdn Bhd (PTP) has sealed an agreement with Ramco Systems Limited to upgrade its current enterprise resource planning (ERP) system.

EAC will allow MITI to contribute views on economic policies

KUALA LUMPUR, Feb 13 (Bernama) -- The establishment of the Economic Action Council (EAC) will allow the Ministry of International Trade and Industry (MITI) to contribute views on the country's economic policies, says Deputy Minister Dr Ong Kian Ming.