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Daily Archives: May 2nd, 2008

14. Consumer sector sees slowdown

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptDespite the positive performance in the first quarter, analysts and companies are expecting a slowdown in the consumer sector for the remainder of the year.
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13. Transmile unit defaults on RM30.3m loan

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptTransmile Group Bhd’s unit Transmile Air (SPV) Limited (TASL) unit has defaulted on the principal payment for its syndicated unsecured term loan amounting to US$9.6mil (RM30.3mil).
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12. Sime Darby unit to double sales

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptSime Darby Bhd subsidiary Tractors Manufacturing & Assembly (TMA) aims to double its sales within the next few years with the opening of its new assembly plant in Pasir Gudang.
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11. China looks at Malaysia to develop halal industry

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptChina, which has more than 18 million Muslims, is looking to Malaysian companies for collaboration to develop its halal food and consumer goods industries.
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20. Mobius sees Fed rates at 1%

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptThe Federal Reserve may cut interest rates to 1% as US housing foreclosures worsen, said Mark Mobius, who oversees US$47 billion in emerging-market equities at Templeton Asset Management Ltd.
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19. Prudential Q1 earnings tumble

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptNewPrudential Financial Inc, the second largest US life insurer, reported a 92% drop in first quarter net income on Wednesday as market investments plunged amid the credit crunch.
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18. Starbucks cuts US store openings

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptStarbucks Corp said on Wednesday it would slash US coffee store openings through 2011 as it adjusts to slower US growth and turns its focus to expanding newer international markets.
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16. Investigative report on Liqua Health believed sent to SC

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptThis week saw once again a litany of accounting issues and deviation between unaudited and audited financial results announced by companies listed on Bursa Malaysia.
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15. Urgent need for concrete action plan

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptThe novelty of change is still strong. But a lot of time has passed since the general election and now, the whole scenario is based on performance. The real issue is delivery and the urgent need for a concrete action […]

14. Transmile unit defaults on RM30.3m loan

The Star Online: Most Viewed: Business wrote an interesting post today onHere’s a quick excerptTransmile Group Bhd’s unit Transmile Air (SPV) Limited (TASL) unit has defaulted on the principal payment for its syndicated unsecured term loan amounting to US$9.6mil (RM30.3mil).
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