Wednesday, February 23, 2011

20110223 0919 Malaysia Corporate Related News.

Moammar Gaddafi clings to power in Libya, protests continue
Moammar Gaddafi on Tuesday defiantly rejected opposition demands that he give up power, vowing that he would never leave the North African nation he has ruled for more than four decades and would die a "martyr". He spoke after leaders of a popular revolt seized control in some areas of Libya and top officials resigned to protest attacks by security forces that have killed more than 230 civilians. (The Washington Post)

Global unrest puts US stock market in a dive
The US stock market plummeted Tuesday in its biggest drop of the year as escalating tensions in the Middle East and North Africa sent oil prices soaring. The Dow tumbled 178.46 points, or 1.4%, to 12212.79. The S&P index fell 27.57, or 2.1%, to 1315.44. (The Wall Street Journal)

TM & Celcom Axiata collaborate on fixed and mobile convergence solutions
TM signed a MoU with Celcom Axiata for collaboration in providing complete fixed and mobile solutions to Malaysian consumers. TM group CEO Datuk Seri Zamzamzairani Mohd Isa said the MoU encompasses several areas of collaboration, specifically High Speed Broadband (HSBB) services, which comprise HSBB Access and HSBB Transmission. (Bernama) Please see accompanying report Total vehicle sales up 8.0% in January Total vehicle sales in January increased 8.0% to 54,696 units from 50,622 units recorded last year, said the Malaysian Automotive Association. Of the total, passenger vehicle sales rose 7.9% to 49,589 units, amid the rush delivery for Chinese New Year compared with 45,973 units sold in the same month last year. (Bernama)

Malaysia's first solar power plant
TNB has completed the pre-qualification tender process for Malaysia's first solar power plant to be located in Putrajaya. The utility will “very soon” call for tenders for the project that is estimated to cost some RM60m, according to TNB president and CEO Datuk Seri Che Khalib Mohamad Noh. (StarBiz)

MAHB a step closer to venturing into China
MAHB has reached another milestone in its quest to enter China with the signing of a joint cooperation agreement (JCA) with Nagamas Enterprise Hong Kong Ltd. The JCA will allow MAHB to help Nagamas Enterprise, a unit of Malaysia's Nagamas International, develop and expand a small airport in Yongzhou City in Hunan province. (BT)

2010 tourist arrivals hit record 24.6m
Tourist arrivals to Malaysia reached a new high of 24.6m last year, or 3.9% more, the highest ever for the sixth straight year. Tourism receipts rose by 5.8% to stand at RM56.5bn for 2010. In 2009, arrivals were recorded at 23.6m. (BT)

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