Malakoff buy the entire issued and paid-up IPME $ 113.4

 Corporation Bhd strengthen business portfolio energy when buying the entire share capital and issue IP Middle East Holding Company Ltd (IPME) from International Power Holdings Ltd. (IPR) in a transaction valued at U.S. $ 113.4 million (RM348 million). Purchase was made ​​Malakoff also 51 percent owned subsidiary of the local engineering conglomerate MMC Corporation Bhd through wholly-owned subsidiary, Malakoff International Ltd.

IPME established on December 13, 2005 is an investment holding company.
Authorized share capital of the company is U.S. $ 100 million comprising 100 million ordinary shares of U.S. $ 1 per share, of which 56.26 million ordinary shares of U.S. $ 1 per share has been issued and fully paid.

UMW sales target of over 400 units of the Lexus RX

luxury vehicle business unit of UMW Toyota Motor Sdn Bhd (Malaysia LEXUS), aims to sell more Lexus RX 400 units this year with the introduction of improved versions of four sports utility vehicle (SUV), that is, RX270, RX350, RX350 and RX450h F SPORT. President of UMW Toyota Motor, Ismet Suki said crossover model in the large luxury SUV segment of the fourth generation, the second model after the Lexus GS Lexus using the neatness of the design philosophy 'L-Finesse' latest interpretation of the spindle featuring Grille.

All variants RX is open for booking starting May 2 and the RX270 is the price of RM359, 800, RX350 (RM399, 800), while the F SPORT RX350 and RX450h hybrid variants of their worth RM409, 800 and RM525, 000," he said at the launch of the upgraded version of the model, in Petaling Jaya, yesterday.
Ismet said that so far in April, Lexus RX record sales of nearly 1,100 units at the same time contribute 32 per

American firms open operations in Malaysia

BOSE Corporation, the audio world's leading based in the United States (U.S.), will open the assembly facility, distribution, and research and development (R & D) in Malaysia this year, the first facility in Asia Pacific.
Vice President Global Manufacturing and Supply Chain, Bryan Fontaine, said the new facility is scheduled to be operational mid next year it will produce and distribute products to Bose Asia Pacific markets, including Australia, China, India, Japan, United Arab Emirates, and ASEAN.
"The investment is for long-term involve various phases of development. "It will be built in an area of 9.2 hectares at Mile Friends, New York, adjacent to the second Penang bridge," he said at a news conference announcing the company's first investment in Asia Pacific in Kuala Lumpur , yesterday. present Chairman of Malaysian Industrial Development Authority (MIDA), Tan Sri Dr Sulaiman Mahbob: Vice president and General Counsel and Secretary of the Bose Corporation, Mark E Sullivan and Executive Vice President,

U.S. confident of deal with the issue of unemployment

U.S. Federal RESERVES (U.S.) yesterday said the economy will start to enjoy increased with a decrease in unemployment rate by the end of this year following the implementation of the current stimulus policies although there is still uncertainty in the short term.
By stating that 'it is too early to declare victory, chairman, Ben Bernanke said the positive outlook on the world's largest economy and at the same time realizing the increasing demand for stimulus spending.
After a two-day meeting, the U.S. central bank policy makers said they expect to keep interest rates near zero until the end of 2014. Bernanke, however, said any additional expenses for the current economic stimulus is something that is 'dangerous'. He felt that the U.S. economy this year was stronger than expected with a projected increase in employment opportunities. the central bank forecast that the unemployment rate will drop to between 7.8 to 8.0 percent by the end of this year. U.S. unemployment rate now is 8.2 percent, the lowest figure in three years, increasing positive expectations about the country's economic prospects. Federal Reserve expects economic growth could reach between 2.4 percent to 2.9 percent by the end of this year, higher than previous projections. Given this

Microsoft post gains AS$5.11

MICROSOFT record quarterly net profit reached U.S. $ 5.11 billion , driven by product launches wave of large-scale promising prospects for the company.
"We are developing exciting launch in the company and posted strong financial results.
"With the new launch of Windows 8 for PCs and tablet, the new Office version and a variety of products and services for enterprises and consumers, we will generate exceptional value to all our customers in the coming year," said chief executive Steve Ballmer. share price software giant jumped more than three per cent to U.S. $ 31.98 per share after the announcement of results that beat forecasts on Wall Street and recorded the highest revenue in the third quarter amounted to U.S. $ 17.41 billion. Profit Microsoft for the three months ended March 31 was slightly lower compared to U.S. $ 5.23 billion recorded in the period a year ago. program tailored for business sales and interest in hosted software as a service on the Internet "cloud" boost revenue even though the overall weakness in the consumer market and the demand for video game consoles, Xbox 360. Contribution from the device and the entertainment is reduced because of accessory voice control as well as the Xbox and Kinect, which fell 16 percent to U.S. $ 1.6 billion. Microsoft sees revenue EDD will grow in the current quarter. "We think the position and market strategy we are very good," said Chief Financial Officer, Peter Klein at a press

MAS canceled plans

AVIATION Malaysia Airlines (MAS) to cancel plans to set up a subsidiary company of regional short-haul premium flights and instead will offer the service through a new department. Chief Operating Officer Short Range MAS / Firefly, Ignatius Ong, said the decision was made ​​following the re-done some adjustments to the business module MAS for the initiative of regional airlines.

The strategy and operational objectives for the premium short-haul services remained unchanged, but there will be no new airline. "Operation (for services) will be placed under the MAS," he told reporters after the fifth anniversary of Firefly at Subang, Selangor yesterday. Ong, however, can not reveal detailed information on the matter because he said it would be announced by top management of MAS soon. establishment of premium short-haul airline announced new CEO of MAS management, Ahmad Jauhari Yahya, when presenting the company's business recovery plan The national carrier late last year. Service will use the full range of new aircraft Boeing 737-800 is targeted to meet the needs of luxury travelers. on an expansion plan of operation for

3 new application Google Maps

GOOGLE Malaysia introduced three major additions to Google Maps that allows users in the country better plan their journey and obtain current information. Addition involves two new layers, 'Traffic' and 'Transit', and interfaces in Malaysia language.

Google Country Manager Malaysia Sajith Sivanandan said, by opening the layer 'Traffic' in Maps, users can see immediately whether the crowded road or track based on color codes.

Red for traffic congestion, slow-moving yellow and green for smooth flow. "new layer makes it easier for drivers to plan an alternative route to their destination," he said at a media briefing in Kuala Lumpur yesterday. 'Transit' provides information about travel on the Malaysia public transport system on Google Maps. It also offers a better choice for Malaysians who want to avoid traffic jams and go to the city by using public transport. Sajith said, the data for 'Traffic' and 'Transit' is obtained from various sources, including, government transportation departments and private data providers. In the meantime, Google Maps is now available in Malaysia language. version of

Daihatsu factory built

DAIHATSU Motor Co Ltd will start with the factory remote control Electronic Automatic Transmission (EAT) is the first in Southeast Asia, worth RM220 million in Bandar Baru Sendayan, Punjab, in the middle of this month.
It would make the country as a hub for regional production of automotive components for Japan's oldest vehicle manufacturer, which also is a major shareholder and technology partner and the Second Automobile Industry Technical Services Sdn Bhd (Perodua).
Plant construction is implemented through the Akashi-Kikai Industry (M) Sdn Bhd in an area of 11 hectares purchased from the Corporation of the Minister General (MBI) and BSS Development Sdn Bhd (BSS), is expected to be completed in December. Akashi-Kikai Industry Malaysia is joint venture company with equity of 51 per cent by the Akashi-Kikai Industry; Daihatsu (39 percent) and TOYOTA (10 percent). Commenting on the developments, Chief Minister of Punjab, Datuk Seri Mohamad Hasan, said the plant will produce 150,000 units a year EAT in particular for the

Samsung launches Galaxy Tab March 2

SAMSUNG Galaxy Tab 2 will launch its latest seven-inch screen size, the first tablet featuring Android 4.0 operating system from Google in conjunction with the Ice Cream Mobile World Congress (MWC) in the future. compact device (pictured) has a dual-core processing development 1GHz , WSVGA display (1024x600p) seven-inch, 3MP rear camera and front VGA camera.

Samsung also includes feature Suggest S applications, mobile communications services ChatON, open identification system, a wireless content with AllShare Play and access to more than 400,000 applications via the Google Android market.
"Two years ago, Samsung Galaxy Tab started to offer more possibilities on the next launch. Since then, Samsung is actively increasing the range of the tablet with a few other tablets in different sizes, "said the President of the Information Technology Division Samsung Electronics Mobile Communications. Samsung is not expected to hold a news conference at MWC this year's

4 Yahoo board of directors resigned

YAHOO! announced the withdrawal of some members of its Board of Directors to make way for the restoration of the Internet company, who is now working to recover market share and confidence from investors. chairman, Roy Bostock announced he and three other directors who long served the company will put the office in the company , to make way for new executive director, Scott Thompson.

Yahoo! previously working hard to change her appearance than just search the internet to 'major digital media company, after affected by the emergence of Google.
Announcement of the withdrawal of some members of the Board of Directors was a week after Jerry Yang, Yahoo! co-founder of the 17 years ago, put all the positions in the California-based company. Yang, 43, one is the first dotcom billionaire, once the Board of Yahoo!; Yahoo ! Japan and Alibaba Group Holding Ltd.. the Yahoo! Chief Executive from June 2007 until January 2009, and in that period he and Bostock rejected Microsoft bid to buy the company, which raised the anger among shareholders. Bostock and Yang has become anger target shareholders to cause the stock price dropped nearly half of the Yahoo! price when the company's leaders reject

Mark Zuckerberg 'hackers'

MILLIONAIRE and chief executive of the leading social networking site, Facebook, Mark Zuckerberg himself as a 'hacker.' For ordinary people, the word has a meaning evil, hear the criminals who steal personal voice or identity of the villain without crippling the website and email account break-in.

For Facecook, hackers have different purposes. It is the value embedded in the culture of the company. It describes the testing of new ideas even if doomed to failure and to promote new products rapidly even if not perfect. approach that hackers make up as a world's most valuable Internet company. Zuckerberg explains, hackers believe that all things can get better and nothing is completed. "They just need to fix even more so when dealing with people who always say that it is impossible or agree with the status quo," he said. Zuckerberg said this in 479 words essay entitled 'The Hacker Way 'the inclusion as part of company documents filed with the government officials to plan an initial public offering (IPO) of the operator of social networking site is. company aims to collect U.S. $ 5 billion from the IPO, which will put the value up to U.S. $ 100 billion. Youth aged 27 years who has an interest of U.S. $ 28.4 billion

European economic crisis lesion growth rate in China

IMPAIRMENT European economy can dramatically reduce the nearly half the growth rate in China, said the International Monetary Fund (IMF) yesterday, adding to the warning about the possibility of a severe global downturn this year. IMF said Beijing should be prepared to implement the multi-billion dollar stimulus package to stem the deterioration the second largest economy in the world.

The world body forecast 8.2 percent growth this year to China, but said it was likely to be reduced to four per cent if the European crisis led to a decrease in credit and large production.
"Global recovery threatened by uncertainty in the euro area and elsewhere," he said. "If the decline scenario becomes a reality, China should react with a large fiscal package, which is implemented through local and central government budgets," he added. China recovered faster than the global crisis in 2008 and its economy grew strongly at a rate of 9.2 percent last year, but growth rates slowed when Beijing tightened credit and reduced investment activity. leaders of

Indonesian plantation companies merge

GOVERNMENT Indonesia plans to create palm oil and rubber companies of the world's largest by March this by combining state plantation companies with total assets of U.S. $ 5.6 billion (RM16.91 billion), government ministers said yesterday.
Plans to list the company will attract investors to the country that recently received ratings of 'investment grade' and create a new competition to the leading regional plantation companies such as Sime Darby in Malaysia and Wilmar (Singapore).
The government will combine the assets of 15 state companies, who earn around 40 trillion rupiah (RM13.47 billion) last year, under a holding company PT Nusantara III Gardening. "Consolidation would be putting it among the world's largest plantation company with the number of farms reached million hectares of oil palm and rubber, "said Minister of State Enterprises, Dahlan Iskandar in an interview Jakarta, yesterday. State which has 17,000 islands is the world's largest exporter of palm oil; robusta coffee producer and second largest and third largest cocoa producer. Company the issue of all these commodities, including tea, rice, tapioca and sugar. Analysts said the merger would produce impact on the economy but will not dramatically impact the supply of commodities. "They have been producing the commodity before. It is not a new

275 more Airbus until 2026

AIRASIA Bhd has received the remaining 275 Airbus A320 ordered in the next 14 years will come as part of expansion plans and aircraft operations.
Group Chief Executive, Tan Sri Tony Fernandes, said it involved 200 Airbus A320 Neo and 75 Airbus A320 aircraft.

He said the plane was part of the 375 planes worth U.S. $ 25 billion (RM75.4 billion), which ordered the airline's Airbus A320 with 200 Neo of U.S. $ 18 billion (RM54.3 billion), while 175 Airbus A320 is U.S. $ 7 billion (RM21 .1 billion). "So far, AirAsia received 100 aircraft, while another 275 received by 2026," he said at a press conference after the arrival of the Airbus A320-100 belonging to the group in the Low Cost Carrier Terminal (LCCT), Sepang yesterday. Also present, AirAsia chairman Datuk Aziz Bakar, Deputy Group Chief Executive, Datuk Kamarudin Meranun; AirAsia X CEO, Azran Osman-Rani and AirAsia Regional Head of Commercial, Kathleen Tan. Airbus A320 CFM Neo with LEAP-X engine can reduce fuel up to 16 per cent as well through the

Sime Darby to take over the Indonesia

SIME Darby Bhd will significantly expand its involvement in rubber plantations to capitalize on global demand for commodities following the steps to take over a company of Indonesia is in the process of obtaining the right to develop 10,000 hectares of rubber plantations in the republic.

In an announcement to Bursa Malaysia yesterday, the company's largest listed oil palm plantation world, said indirect wholly-owned subsidiary in Indonesia, PT Minamas Glory to submit a proposal to buy 95 percent stake in PT Indo Makmur Sustainable Success at U.S. $ 4,356 million (RM13.52 million ).

He said that under a conditional share purchase agreement, the PT Minamas will purchase

Peer leadership Axiata new segment

AXIATA Group Bhd is looking to acquire more business in a segment other than mobile telecommunications services abroad this year as part of efforts to increase sources of income. President and Chief Executive Officer, Datuk Seri Jamaludin Ibrahim said the group more aggressively explore opportunities in many areas that potentially increase their income base, especially those involving non-core segments for this the mobile telecommunications.

"When told the plan of acquisition of other businesses, it is still associated with mobile services performed for this group.
"We look for opportunities in the areas of content, entertainment, electronic payment and electronic commerce," he said after the launch of the Youth Talent Development Program Axiata in Kuala Lumpur yesterday. The launch completed the Deputy Prime Minister and Minister of

China and India leads global sales of gadgets

Developing countries like China and India will be the main driver of sales of consumer electronic products globally to over U.S. $ 1 trillion for the first time in history, even though the user United States (U.S.) and Europe West to reduce spending for high-tech equipment, according to industry analysts.
Developing countries is expected to contribute 46 percent of global gadgets in 2012 sales, up from 37 percent four years ago, according to GfK Boutique Research and Consumer Electronics Association.
The group presented their predictions before the Fair Consumer Electronics International, which began today in Las Vegas. The group expects sales of electronic products globally in 2012 amounted to U.S. $ 1,038 trillion, up five percent from a year ago. Consumers in China and other countries, developing Asia , Latin America and central and eastern Europe favored high-tech products due to rising living standards towards the middle-class lifestyle. In the meantime,

The U.S. economy is recovering

MARKET Malaysia's most important exports of developed countries, the United States (U.S.), is a sign that the economy is recovering and stable.
Economists said the most obvious signs that can stabilize the economic recovery process is a report that his new job data show the country's unemployment rate now at its lowest level for three years, when about 200,000 job seekers managed to secure employment.
This contrasts with the country's unemployment rate was a high level for three years now so there's economists expect the country will fall into a worse recession. Given these developments, it is thus raising a sign that the country's consumer spending is increasing. Office Malaysia External Trade Development Corporation (MATRADE) in the U.S., also monitor relevant developments, particularly unemployment, which remains high despite the recession

Electric motorcycles for sale next month

MOTORCYCLE Eclimo electrical products Co., Ltd. (Eclimo) based in Penang will be in the local market at the end of next month, before entering the European market in June 2012.
The first model motorcycle brand of scooters Eclimo is ES11 with 125 cc capacity and driven using lithium ion batteries.
Executive Chairman, Datuk Dennis Chuah said the company aims to sell up to 20,000 units next year the share of four per cent of the local motorcycle market. Accordingly, the company is working with the Malay Chamber of Commerce Malaysia (DPMM) to form an entrepreneurship program for motorcycle dealers brand Eclimo . Through the collaboration, the company appoints Nexus Technopreneur Sdn Bhd as the 'Primary Dealers' Eclimo. The company will also develop and DPMM 10 Bumiputera retailers that will sell, provide services and accessories for motorcycle owners Eclimo next year. "With the implementation of this program We believe that every retailer will have at least RM800, 000 per annum and this will give a new ray of electricity in the automotive industry, "he said. He was speaking after the signing ceremony of appointment Technopreneur