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.

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

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

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

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

Samsung Target sold 2 million Galaxy Note

SAMSUNG Electronics is targeting to sell two million units through the launch of a new Note Galaxy domestically latest Android-powered devices Galaxy on Tuesday. The Company is based in South Korea did not set any timeframe for a new Note Galaxy sales projections that are currently available in some countries.

Note the screen 5.3 inches (13.5 centimeters) is the model equivalent to a major Android device Samsung smartphone Galaxy and the Galaxy Tab.
Introduction of the model comes with a screen larger than a smart phone and smaller than the tablet proves that the company aimed to become a market leader model combines both smartphones and tablet functions. Samsung said, the model is merged into the smartphone mobile devices with used on a large screen tablet. "Galaxy Note is a revolution which opens a new category of

Google Malaysia drag 50.000 SMEs

GOOGLE Malaysia aims to attract up to 50,000 small and medium enterprises (SMEs) to develop an online business for a period of 12 months through its new initiative Get Malaysian Business Online (GMBO).
The initiative will also enjoy the support of the Malaysian Communications and Multimedia Commission (MCMC). My Domain Registry and ITrain Malaysia Sdn Bhd, offers many advantages to SMEs include the construction of free website.
Google Area General of Malaysia, Sajith Sivanandan, said in addition, a total of 10.000 first SMEs to participate will receive RM80 registration of domain names for free by. My Domain Registry. the SMEs, he said, only need to renew the annual license amounted to RM23 per year. "We in turn, will provide online advertising vouchers worth RM200 for free to 50,000 SMEs earliest to use to strengthen their presence on the Internet, "he said at the launch GMBO in Kuala Lumpur yesterday. Also present were Minister of Information, Communication and Culture Minister Datuk Seri Dr Rais Yatim, MCMC chairman Datuk Mohamed Sharil Tarmizi and Chief

Planning to bring together ASEAN FTA

Association of South east Asian Nations ( ASEAN )and its dialogue partners are studying the possibility to expand and strengthen the economic integration by creating a single Free Trade Agreement (FTA) between the 10-member regional organization with all trading partners in East Asia.
ASEAN now has established a separate FTAs ​​with six dialogue partners in East Asia the ASEAN-China FTA (2005), ASEAN-Korea FTA (2006), ASEAN-Japan FTA (2009), ASEAN-India FTA (2010) and the Asean FTA -Australia and New Zealand (2010).
ASEAN leaders also recommends work plan for ASEAN to establish the ASEAN + 1 FTAs ​​templates, taking into account the East Asia Free Trade Area (EAFTA - ASEAN +3) and Comprehensive Economic Cooperation Agreement (ASEAN + 6). - Mustapa Mohamed, Minister of International Trade and Industry Minister of International Trade and Industry (Miti), Datuk Seri Mustapa Mohamed said ASEAN maintained to ensure convergence of the expansion process, the ASEAN Economic Ministers outlined a set of general principles in an effort to broaden and deepen ASEAN's relations with

candidate members of the FBM KLCI

NESTLE (Malaysia) Bhd, AirAsia Bhd and Bumi Armada Bhd is one of the three major  candidates are included in the component stocks of the FTSE Bursa Malaysia KLCI (FBM KLCI) to replace the PLUS Expressways Bhd and Gamuda Bhd, which is likely to be issued.
The benchmark index represents the 30th largest company on Bursa Malaysia in terms of full market capitalization, as well as to meet the criteria and passed the test liquid flotation.
PLUS will be out of the list of index components making up the steps of private companies, while Gamuda likely to be excluded as it was out of the list of 35 largest companies in Malaysia in terms of market capitalization. OSK Research, in a research note said, of the three candidates, Nestle companies are almost certain to be restored to the list of members on the FBM KLCI index half-year review next month. He said, the counter is in conformity with eligibility criteria

Special package of economic protected

PACKAGE worth RM6 billion special stimulus provided in the Budget 2012 will function as a protector to the economy of the possibility of another round of world economic crisis, said Second Finance Minister Datuk Seri Ahmad Husni Hanadzlah.
"It is to ensure that the country enjoys a higher economic growth if the recession does not occur, and if the opposite happened, then it will be able to protect our economy.
"If the recession in the United States (U.S.) and the zone of the European Union (EU), will almost certainly affect trade figures. "Because the government stressed the stimulus package is to protect the nation's economic strength," he told reporters after delivering a keynote address at Conference of Accountants and Malaysian Institute of Accountants ASEAN Federation of Accountants Conference on the 17th (MIA-AFA 2011) in Kuala Lumpur yesterday. In the 2012 Budget last month, the government has allocated a special stimulus package worth RM6 billion to be

World economic growth down

International Monetary Fund (IMF) down global economic growth for 2011 and 2012 between 0.3 to 0.5 percent due to continued economic problems in the European Union (EU) and the United States. In the World Economic Outlook report for September, the IMF projected growth rate of four per cent for 2011 and 2012 compared with 4.3 percent and 4.5 percent in June.

IMF projections for the U.S. declined to 1.5 and 1.8 percent from 2.2 and 2.6 per cent, while for European countries, its economy is expected to grow by 1.6 and 1.1 per cent compared to two and a projected 1.7 percent in June.
Expected to be less affected Asian countries within the IMF projections with China is now

DRB-Hicom income increased

INCOME DRB-Hicom Bhd's first financial quarter ended June 30, 2011 increased to RM1.58 billion from RM1.55 billion recorded in the same quarter the previous year.
"Better revenue performance was supported by higher revenue contribution from services, and real estate, construction and assets," said group managing director Datuk Seri Mohd Khamil Jamil.

However, the group's operating profit fell slightly to RM146.31 million from RM152.26 million in the same quarter the previous year. Mohd Khamil explains lower profits was caused by supply disruptions due to natural disasters components in Japan in March. However, he is confident effects of the earthquake and tsunami in Japan did not affect the performance of the group in

Gold prices remain high

PRICE gold continues to surge to the highest in the history of the U.S. $ 1,888.90 per ounce, or about RM180 1 gram yesterday due to lingering worries over the possibility of the United States (U.S.) recorded recession
doubled, while the debt crisis in Europe deepened.
Uncertain market conditions when this has encouraged investors choose to invest in precious metals because they are among the best hedge investments during the economic crisis. Affin Investment Bank head of research, Dr Nazri Khan, said he expects the gold price will hit U.S. $ 1.900 per ounce in the near term due to continued U.S. dollar weakness and fears of recession in the U.S. again.

He said he also saw the price of gold has the potential to reach U.S. $ 2000 per ounce by the end of this year due to demand for precious metals as investors prefer to invest in gold when the market volatility of the world. "The drop in ratings due to U.S. to promote the U.S. bond

Panasonic's sales target RM2b

PANASONIC Malaysia Sdn Bhd is looking at sales of RM2 billion through its extensive energy business segment by March next year, thereby contributing 50 percent of the company's overall sales in the country.
Managing Director, Jeff Lee, said the target was driven continuous investment in environmentally friendly products and services supported Panasonic's brand strength will increase the confidence of consumers and distributors.
He said the commpany is now focusing on a comprehensive energy solution business in a new direction in line with the target of becoming the number one green innovation in the electronics industry by 2018. "We are confident of achieving the target despite the many challenges including the shortage caused by the earthquake in Japan March and volatile global economic situation, "he said after launching the Panasonic ECONATION declaration in Kuala Lumpur

Philippine company to buy equity Esso

Speculation about who will take over the company's 65 percent equity stake in ESSO Malaysia Bhd from ExxonMobil International Holdings Inc (EMIH) answered when the Philippine conglomerate, San Miguel Corp. emerged as the buyer.
Company based in Mandaluyong City, Metro Manila on Tuesday to complete the sale purchase agreement (SPA) with EMIH to acquire a stake at U.S. $ 206,020 million (RM614.25 million), or RM3.50 per share.
Price was 29 percent lower than current prices which Esso Malaysia in the final session of trading on Bursa Malaysia yesterday, the shares jumped 14.1 percent, or 61 cents to close at RM4.95 per share. Based on current share price of Esso Malaysia, 65 per cent stake sale should be at a price of about RM760 million. However, to understand the main factors EMIH release the 65 percent equity stake to San Miguel at lower prices following the Philippine company's willingness to make additional investments in Malaysia Esso oil refinery facility in Port Dickson, Negeri Sembilan at the time future. The facility now produces a variety of products