Bintulu Port Holdings: Set to benefit from construction of Samalaju Port. Company will be the sole logistics play to support the Samalaju Industrial Park and is set to benefit from the soon to be constructed RM1.2b Samalaju Port. It is estimated that beginning 2013, once the port is ready, there could be at least 5m tones of raw material to be required by 10 out of the 17 confirmed investors in the Samalaju Industrial Park. (Source: Malaysian Reserve)
Nestle: Price-rise report not verified. News that Nestle is considering a price hike for certain dairy products may have sent chills down local households but the company has clarified that the reported information is not verified. (Source: The Star)
F&N: PJ plant to raise dairy product output to cover Thai shortfall. F&N confirms that it would increase dairy product production at its Petaling Jaya plant by 20% in the interim to help cater to demand in Thailand. (Source: The Star)
Uzma Bhd: Fuels growth through technological upper hand. The Intergrated oil and gas provides is confident of winning more jobs as it is the only local firm with the technology and equipment to carry out enhanced oil recovery (EOR). (Source: Business Times)
Semiconductor: Manufacturer says a recession has hit the semiconductor industry. The inventory of global chip suppliers and a low book-to-bill ratio have reached an alarming level that will have severe worldwide repercussions and impact on chip producers and semiconductor equipment manufacturers in Malaysia. (Source: The Star)
Sunway REIT: Gets SC nod for RM3b debt note issuance. Sunway Real Estate Investment Trust (Sunway REIT) has received the Securities Commission's approval for the proposed medium term note programme of RM3.0b in nominal value. (The Edge Financial Daily)
Nagamas: To develop 2,500ha in Nanning. Nagamas International Bhd has been allocated about 2,500ha near Nanning, China, to be developed as a green residential and industrial park. Energy, Green Technology and Water Minister Datuk Seri Peter Chin said Nagamas would undertake the development of the park on a long-term basis under a RM300b contract. (Source: The Star)
TRC Synergy wins RM318m airport job in Brunei
TRC Synergy, through a joint tender bid, has secured a RM318m job to modernize the Brunei International Airport terminal. Its wholly-owned subsidiary, Trans Resources Corp SB, had received the letter of acceptance from the Brunei Economic Development Board for the contract known “Modernization of Brunei International Airport Terminal” jointly participated by TRC and Swee SB. (Malaysian Reserve)
Felda JV embarks on plant expansion
Batam-based palm oil refinery company PT Synergy Oil Nusantara, a JV between Felda Global Ventures Holdings SB, IFFCO and Tabung Haji Indo Plantations, is to expand its current plant capacity and export market by this year. Felda Global group president Datuk Sabri Ahmad said the company, a bulk oil facility primarily involved in refining and fractionation of palm oil, will soon add palm kernel refining and fractionation plant with an additional capacity of 140k tonnes to its current 525k tonnes per year. It is expected to be completed by the end of 2012. (Malaysian Reserve)
MRCB gets RM46.5m breakwater job extension
MRCB has secured a RM46.5m breakwater project in Pahang. It had last Thursday received a letter of award from the Department of Irrigation and Drainage to carry out the second phase of the breakwater project in Kuala Sungai Pahang. The job is expected to be completed by March 2013. (Malaysian Reserve)
SC gives nod for PNB takeover offer of SP Setia
Property developer SP Setia announced last Friday that the SC has approved PNB’s conditional takeover offer of the company. Maybank Investment Bank, which is acting for PNB, is required to inform the SC upon completion of the offer, said SP Setia in filing on Bursa Malaysia. (Malaysia Reserve)
Berjaya Corp cancels Bermaz flotation plan
Berjaya Corp has decided not to proceed with the proposed listing of its subsidiary, Bermaz Motor SB, on the Main Market of Bursa Malaysia. It told the exchange last Friday that the decision was taken after taking consideration MIMB’s Investment Bank’s views on the listing. (Malaysia Reserve)
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