Malaysian firm may play big role in plans for Sabah

Article Abstract:

Observers believe North Borneo Timber Bhd. in the Sabah government's reforestration plans despite the official rejection of its latest proposal. North Borneo Timber is the only company in the Malaysian state with wide experience in reforestration and this fact could give it a significant advantage over competing firms. This belief is bolstered by official pronouncements regarding the Sabah government's intention to work with North Borneo Timber on the reforestration project.

Administration of Conservation Programs, LUMBER AND WOOD PRODUCTS, Wood & Wood Products, Wood Product Manufacturing, Forest Programs NEC, Management, Planning, Natural history, Forest products industry, Forest policy, Reforestation, Sabah, Malaysia, North Borneo Timbers Bhd.

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Sime Darby plans to buy UMBC stake to boost its financial-services presence

Article Abstract:

Sime Darby Bhd. is asking the Malaysian government's permission to acquire Datuk Keramat Holdings Bhd.'s 60% stake at United Malayan Banking Corp. (UMBC), the country's fourth-largest bank. UMBC runs several overseas branches, a merchant bank, a finance company and a stock brokerage. The acquisition would boost Sime Darby's presence in the financial services sector. Malaysia's financial regulators are investigating alleged questionable loans and other irregularities at UMBC.

Financial Services, Finance and Insurance, Conglomerate corporations, Mergers, acquisitions and divestments, Financial services industry, Sime Darby Bhd., United Malayan Banking Corporation Bhd.

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Malaysia's Khong Guan aims to boost its image with infrastructure project

Article Abstract:

Khong Guan Holdings Malaysia Bhd. will undertake a huge infrastructure project in the northern Kedah state to refurbish its tarnished image. The 10-year, 6.4-billion Malaysian dollars ($2.6 billion) project involves the rehabilitation of the coastal town of Kuala Kedah on the Strait of Malacca into a shipping and tourism hub. Trading of the biscuit maker's shares at the Kuala Lumpur stock exchange has previously been suspended because of alleged irregularities.

Cookies & Crackers, Cookie and Cracker Manufacturing, Cookies and crackers, Public works, Contracts, Malaysia, Snack foods, Biscuits, Khong Guan Holdings Malaysia Bhd.

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