20100930 1544 Malaysia Corporate News.

AZRB likely to bag RM300m hospital job
AZRB has emerged as the frontrunner to win a RM300m job to build a 300-bed hospital in Kuantan, Pahang for Universiti Islam Antarabangsa, sources said. It is understood that the authorities are now at the final stage of awarding the project and the Terengganu-based construction outfit is likely to bag the job. (Financial Daily)

 Iskandar may get new CEO
Datuk Syed Mohamed Ibrahim, the property head at DRB-HICOM, is slated to join Iskandar Investment as its CEO, replacing Arlida Ariff who currently holds the post. Arlida's contract expires at the end of this year and it is believed that her term will not be extended, sources said. (BT)

Maybank sees bigger foreign contribution
Maybank expects its international operations from countries such as Singapore and Indonesia to contribute 40% to the group’s net profit by 2015. For the financial year ended 30 June, 2010, international operations contributed 21% to the group’s net profit. (StarBiz)

Sumitomo ventures into Sarawak aluminium smelter project
Sumitomo Corp will take part in an aluminium smelting project in Sarawak via its proposed acquisition of a 20% stake in Press Metal’s unit Press Metal Sarawak SB. The capacity of the plant is 120,000 tonnes per year and will be completed by end of 2010. Total investment is USD300m. (Financial Daily)

MAS sees new aircraft delivery next month
MAS is expected to take delivery of 35 Boeing 737-800 aircraft next month. Its senior general manager in sales and marketing Datuk Bernard Francis said some of the aircraft would be based at KLIA and MAS would increase flights to South Asia, Asean and China. (StarBiz)

Tanjung unit gets extension
Tanjung Offshore wholly-owned subsidiary, Tanjung Offshore Services SB has been approved and awarded a contract extension by Petrofac (Malaysia PM-304) Ltd that is valued at RM110m. The contract extension was for the provision and supply of mobile offshore production unit for Cendor Field, Block PM-304 for an extended period effective 24 Sept to the second quarter of 2013. (StarBiz)

Kimlun awarded RM70m project
Kimlun Corp wholly-owned subsidiary Kimlun SB was awarded a RM70m contract for the construction of main building works for Marlborough College East in Mukim Pulai, Iskandar Malaysia. The contract was awarded by MRCB’s wholly-owned unit, MRCB Engineering SB. (StarBiz)