1. HLBB offers RM7.10 per EONCap share
Hong Leong Bank Bhd (HLBB) yesterday offered RM4.92 billion for the entire assets and liabilities of EON Capital Bhd (EONCap), which owns EON Bank Bhd, representing an offer price of RM7.10 per share.
2. Federal Court corrects �obvious and blatant� error
The Federal Court yesterday set right what it deemed to be an �obvious and blatant� error in its previous decision involving the rightful ownership or interest to land titles that had been fraudulently received.
3. China�s GDP growth accelerates to fastest since 2007
China�s growth rate accelerated to the fastest pace since 2007 in the fourth quarter (4Q), signalling a need to rein in credit growth that threatens to destabilise the world�s fastest-growing major economy.
4. Proton shares soar on positive sentiment
Shares of Proton Holdings Bhd soared 10% or 40 sen in the past two trading days bouyed by the positive sentiment surrounding the automotive sector. Expectation of higher car sales also helped to lend support to the counter.
5. YTL Cement S�pore offers to buy Holcim stake in Jurong Cement
YTL Cement Bhd�s unit YTL Cement Singapore Pte Ltd has made an offer to purchase Holcim Investments (
6. MSWG to protect interests of P Perdana shareholders
The Minority Shareholder Watchdog Group (MSWG) is playing an active role to ensure that the power tussle in the oil and gas support service provider Petra Perdana will not jeopardise minorities� interest.
Business and Markets
1. Seagate starts recruitment drive
With economic prospects looking up once again, Penang Seagate Industries (M) Sdn Bhd has become one of the first companies to start a recruitment drive to fill vacancies across the board.
2. AirAsia expects 40% increase in cargo revenue
Low-cost carrier Airasia Bhd expects a 40% increase in its cargo revenue this year as it ties up with more cargo agents and large export-import firms.
3. F&NHB gears up for end of Coca-Cola transition deal
Fraser & Neave Holdings Bhd (F&NHB) said preparations are in full swing to launch new products and to strengthen distribution in its soft drinks division as it gears up for the expiry of the Coca-Cola transition agreement in September 2011.
4. A better 4Q expected for telcos
Malaysia�s telecommunications companies are expected to show a better fourth quarter (4Q) when they report their full-year results over the next few weeks.
5. Firefly to announce 2nd phase of route expansion end-1Q
FlyFirefly Sdn Bhd, a subsidiary of Malaysian Airline System Bhd, is set to announce its second phase of route network expansion by end of the first quarter this year.
6. Starhill REIT 2Q earnings slip 9% to RM18.3m
Starhill Real Estate Investment Trust (Starhill REIT) posted a net profit of RM18.27 million for its second quarter ended Dec 31, 2009, a fall of 9% from a year earlier, on the back of a 5% decline in revenue to RM25.96 million.
Politics and Government
1. Whistle blowing at all Transport Ministry departments
The Transport Ministry will extend the whistle-blowing policy to all its departments starting with the port authorities.
2. Sabah �safe to visit�, says deputy minister
Sabah is safe to visit, and the southern Philippines-based Abu Sayaf terrorist group poses no threat to the state, said Deputy Defence Minister Datuk Dr Abdul Latiff Ahmad.
3. Muhyiddin: More PKR members to leave
Deputy Prime Minister Tan Sri Muhyiddin Yassin said on Jan 21 the trend of no confidence in the leadership of PKR will continue as many of the party�s members were aware their leaders were championing baseless platforms.
4. Arson attempts on two surau in Muar
Two surau (mini-mosques) here sustained minor damage after arson attempts were made on them in the early hours of on Jan 21.
5. Hardcore poor in all states eligible for eKasih
No hardcore poor persons in any state, including in Sarawak, are being denied their right to be listed under the eKasih programme so long as they are qualified for aid, said Deputy Director-General (Policy Coordination) of the Implementation Coordination Unit (ICU) of the Prime Minister�s Department Datuk Abdul Ghani Ariffin.
6. Top 20 schools to be known tomorrow
The top 20 schools in the country, which are evaluated according to their performance, will be announced tomorrow, said Deputy Prime Minister Tan Sri Muhyiddin Yassin, here on Jan 21.
1. Whistle blowing at all Transport Ministry departments
2. Strong earnings growth lends support to the KLCI
3. Closing: Local bourse holds firm
Important Events: What to expect Jan 22, 2010
1. Official opening ceremony of Amway (
2. Signing of a shareholders' agreement between Bintai Asset Holdings Sdn Bhd and Cotrade Sdn Bhd at Crowne Plaza Mutiara KL at 4pm.
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