KLCI extends gains as global markets rise
Petrofac gets RM220m Carigali refurbishment job
Bursa Malaysia Derivatives launches revamped options on index futures
Willowglen MSC unit gets RM19.99m of jobs
Axiata edges up on positive 1Q earnings
UAC surges on Boustead privatisation plan
April inflation seen at 2.1% y-o-y, matches March level
Suaram slams prosecution of opposition leaders involved in Bersih rally
Categories
| News in brief |
| Business & Market 2009 | |||
| Written by Ellina Badri | |||
| Monday, 29 June 2009 22:49 | |||
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KUALA LUMPUR: Hwang-DBS (Malaysia) Bhd is targeting to start a commercial bank in Cambodia by July 31, 2009 after receiving a certificate of incorporation for HwangDBS Commercial Bank Plc (HDCB) from the country's Minister of Commerce, effective from June 19, 2009. In a statement today, HwangDBS said HDCB's paid-up capital would be increased to US$20 million (RM70.6 million) from US$2 now, before the commencement of business operations. It added that the targeted operations date was subject to a final licence to be issued by the National Bank of Cambodia. DRB-Hicom appoints new chairman KUALA LUMPUR: DRB-Hicom Bhd has promoted its director Datuk Syed Mohamad Syed Murtaza to chairman effective July 1, succeeding Tan Sri Syed Zainol Anwar Syed Putra Jamalullail. In a statement today, DRB-Hicom said Syed Mohamad, 61, had served on its board since October 2005 as an independent non-executive director. Syed Mohamad had served several multinational companies, such as Shell Malaysia, and had been the chairman of the Penang Port Commission. He is currently chairman of Hunza Consolidated Bhd, managing director of Amstrong Auto Parts Sdn Bhd, and director of Yayasan Bumiputra Pulau Pinang Bhd, Boon Siew Credit Bhd, Tourism Entrepreneur Centre Bhd and PBA Holdings Bhd. PanGlobal loses appeal against delisting KUALA LUMPUR: PanGlobal Bhd’s appeal to Bursa Malaysia Securities Bhd against its delisting has been rejected and it will be delisted on July 8. The company had submitted its appeal to Bursa last month and had intended to restructure its business operations and maintain its listing status.
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