Bank Negara still assessing Islamic mega bank bids
Malaysia’s central bank said yesterday it was still reviewing offers to set up mega Islamic banks, suggesting it could miss its target of awarding a licence this year as the industry struggles to create a well-capitalized syariah lender. It is offering up to 2 new Islamic banking licences to foreign firms to set up banks, with at least USD1bn of paid-up capital. (StarBiz)
Spike in demand for hybrid cars
Honda Malaysia SB and UMW Toyota Motor SB have recorded combined bookings of nearly 1,500 units for their Honda Insight and Toyota Prius hybrid models respectively in the span of less than 3 months. The bookings, if they were to materialize into sales, would represent a significant jump compared with just the 297 total hybrid units sold in the whole of 2009. (StarBiz)
TM sets up task force to probe bribe allegation
TM has set up a task force to carry out an investigation over news that telecommunications equipment maker Alcatel-Lucent gave bribes to its staff to win a contract. On Tuesday, Alcatel-Lucent and 3 of its subsidiaries had to pay more than USD137m in fines and penalties to settle US charges. According to court documents, Alcatel agents paid bribes to officials in Malaysia to obtain or retain a telecommunications contract worth USD85m. (BT)
Mitrajaya bags RM54m Subang Airport contract
Mitrajaya’s wholly owned subsidiary, Pembinaan Mitrajaya SB, yesterday was awarded a RM53.5m contract for the construction of a hangar at Subang Airport. Construction will commence from 1 Jan 2011 for a period of 10 months. (Financial Daily)
Sealink secures RM70m contract for vessels sale
Sealink International has secured contracts for the sale of 3 offshore support vessels for a total consideration of about RM70m. The 3 vessels are expected to be delivered within the first quarter of 2011. (Financial Daily)
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