Archive for March, 2007
After successfully controls RHB Bank group’s parent, Rashid Hussain Bhd (KLSE : RHB, stock-code 1309), Malaysia’s state pension fund Employees Provident Fund (EPF) said it would stays as a long-term investor and would appoint professional managers to run the bank. EPF which owns about 30.9% of RHB will be buying another 32.6% from Utama Banking […]
... written on Mar 08 2007Isn’t it fantastic the way stock markets plunged the way it did recently? And you can be sure of the panic painted on the face analysts, politicians, fund managers and economists. When these people started shouting “Fundamentals are intact and still strong” it can only mean one thing – there’re pool-of-blood on the street. You […]
... written on Mar 06 2007Just before the start of Chinese Lunar celebration, I wrote about how Malaysians cheered proudly the launching of Measat-3 into orbit by foreigners from the launch pad of Baikonur Cosmodrome, Kazakhstan. Astro All Asia Network Plc (KLSE: ASTRO, stock-code 5076) which monopolize the pay-TV sector hopes the launch of the much-delayed Measat 3 satellite will […]
... written on Mar 04 2007Everyone hates traffic, what more if you’re late for an important appointment, be it business or a date appointment. For some it’s the worst thing that can happen to their lives. Google Inc. (Nasdaq: GOOG, stock) has comes a long way from being just a search portal. Google’s offerings have since quietly crawling into our […]
... written on Mar 04 2007As expected, Genting made a wise decision (as if it has other choice) by pulling out from the proposed partnership with Macau gambling tycoon Stanley Ho. Genting International said it would sell its 25 percent share of a Macau joint venture to Star Cruise Ltd (SIN: S21) for HK$58.5 million ($7.5 million), giving Star Cruises […]
... written on Mar 03 2007Federal authorities had exposed one of the most far-reaching insider trading schemes on Wall Street in decades, involving four investment banks and a web of hedge funds, day traders, lawyers and even a few supervisors, who upon discovering evidence of insider trading, blackmailed the traders to keep quiet about it. The investigation was conducted by […]
... written on Mar 02 2007The main difference between the longevity of Eastern and Western managed companies is in the succession plan. Most easterners passed on their business legacy to their immediate family members (normally sons) because they believe their decades-built empire should be kept within their own family members as outsiders are considered non-trustworthy. This trend was set thousands […]
... written on Mar 02 2007A firm, Kingdom Langkawi, linked to Saudi Prince Alwaleed bin Talal has agreed to buy the hotel and boutique unit of Malaysian Airline System Berhad (KLSE: MAS, stock-code 3786) for $124 million. An indirect subsidiary of Kingdom Hotel Investments, a firm affiliated to Alwaleed, will pay 435 million ringgit ($124 million) to buy the hotel […]
... written on Mar 01 2007
