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