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Monthly Archive for: ‘April, 2012’

‘Skali to list in next 12 months’

Skali Group, an integrated eGovernment and eBusiness company, is considering listing its company on the Main Market of Bursa Malaysia or an interna-tional bourse in the next 12 months. Skali Group (formerly known as Alam Teknokrat Sdn Bhd) group chief executive officer and co-founder Tengku Farith Rithauddeen said the company is either looking at listing in Malaysia (Bursa Malaysia) or in a foreign bourse, in a market which is yet to be determined. “We might want to list our company...

First Solar laying off 550 workers through VSS

First Solar Malaysia Sdn Bhd, which is operating at the Kulim Hi-Tech Park (KHTP), is laying off some 550 workers supporting its four production lines that will be indefinitely left idle starting May 1. Managing director P’ng Soo Hong told StarBizWeek that the workers, comprising technicians, operators and engineers, would be offered a voluntary separation scheme (VSS). “Indefinitely idling four of our 24 production lines means ceasing production on the four, but we are not selling our...

Halal Analysis Lab to Empower Halal Biotech Industry

Islamic Science University of Malaysia (USIM) in collaboration with Malaysian Biotechnology Corp Sdn Bhd (BiotechCorp)has launched the halal analysis lab at Institute of Halal Research and Management (Ihram), at USIM, in Nilai, Negri Sembilan. The launch, in conjunction with the third BioNexus Partners (BNP) programme (BNP), was officiated by Prof Emeritus Tan Sri Dr Abdul Shukor Husin, Chairman of USIM Board of Directors. Also present was BiotechCorp chief executive officer Datuk Dr Mohd...

Local chipmakers upbeat on growth

Increasing use of PCs in China, spending likely to drive sector in Q2 GEORGE TOWN: Rising consumption of PCs in China and increased global semiconductor spending are expected to drive the growth of local automated semiconductor equipment and chip-assembly companies in the second quarter, following a sluggish first quarter. Vitrox Corp Bhd, Pentamaster Corp Bhd and Globetronics Technology Bhd are some of the companies supporting the semiconductor and electronics industries that expect...

MDeC Finalises Work For IP Valuation Model

KUALA LUMPUR, April 27 (Bernama) — The Multimedia Development Corporation (MDec) has finalised the study on the Intellectual Property (IP) valuation model and is set to introduce it soon. “We have done all the processes needed on the model but we need a suitable date to make the official announcement,” chief operating officer Ng Wan Peng told Bernama after the launch of the Alcatel-Lucent Geek-The-Genius contest. MDeC, the driver of the Multimedia Super Corridor, is working very...
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MDV targets to approve RM970m loans this year

KUALA LUMPUR (April 9, 2012): Malaysia Debt Ventures Bhd, a government-backed funding provider for start-ups, will plow in big money this year to kick-start several green energy projects. Managing director and CEO Md Zubir Ansori Yahaya said 50% of the approved RM970 million in funding will be channelled into sustainable and renewable energy ventures. “We plan to give emphasis to the green technology sector. Late last year, feed-in-tariff was finalised and the Sustainable Energy...

TM: Broadband capex declining

TELEKOM Malaysia Bhd (TM), the country’s largest fixed-line company, expects to spend about RM1 billion on high-speed broadband (HSBB) network next year, as it is banking on it to maintain its broadband leadership. The company, which allocated some RM1.4 billion in capital expenditure (capex) last year, expects slightly lower capex this year. “Moving forward, we expect this (capex) to continue to go down,” said TM group chief executive officer Datuk Seri Zamzamzairani Isa in an...

Northern Corridor Economic Region (NCER) would be able to record double digit growth in foreign direct investment (FDI) this year.

KUALA LUMPUR (March 21): The Northern Corridor Implementation Authority (NCIA) is confident that the Northern Corridor Economic Region (NCER) would be able to record double digit growth in foreign direct investment (FDI) this year. Chief executive Datuk Redza Rafiq said the region would continue to be a destination for FDIs because of its condusive business environment and culture, strong infrastructures and logistics network. “If the ecosystem is good, there is no reason why I should...
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