Thesun 2009-06-16 Page16 Scomi In Talks With Several Countries On Monorail Job
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theSun
| TUESDAY JUNE 16 2009
business
Scomi in talks with several countries on monorail job KUALA LUMPURL: Scomi Group Bhd’s subsidiary Scomi Engineering Bhd is in talks with several countries which are considering the possibility of adopting a monorail system to improve their public transport. The countries are Nigeria, Brazil and
Saudi Arabia, the company said in a statement issued during the company’s annual general meeting yesterday. It is also participating in several tenders for monorail projects in India. Commenting on the development, its chairman Tan Sri Asmat Kamaludin
said: “Brazil will be hosting World Cup in 2014. Most of the cities in Brazil are very crowded and they have to improve their public transport system. “For other markets like Saudi Arabia, I think they need it because of the movement of pilgrims,” he told
reporters after the AGM. Asked on the contribution of its energy and logistics engineering division, he said it was still small but expected to exceed 10%. The major contribution is expected from Oilfield Services Division, which
contributed over 70% to the company’s revenue last year. Asmat said the group was cautiously optimistic about its performance for this financial year amid the current global economic slowdown. – Bernama
BToto posts higher net profit of RM410.5mil Maybank opens fourth branch in Cambodia KUALA LUMPUR: Maybank has opened its fourth branch in Cambodia. Located at Tep Von Street, Siem Reap City, the branch will offer full banking facilities and services including deposits, mortgage financing, trade financing, remittance as well as foreign exchange services. It also offers ATM facilities which are linked to the Maybank ATM network in Phnom Penh, the bank said in a statement here. Maybank head of international, Abdul Farid Alias, said the opening of the branch was
part of the bank’s strategy to tap the growth potential of the region as well as support the development of the business and tourism sectors there. Abdul Farid said that Maybank also planned to open four more branches in Cambodia by the end of the next financial year, subject to approval from the authorities. The Maybank Siem Reap branch further reinforces Maybank’s international network which currently has over 400 offices in 13 countries, in addition to 384 branches in Malaysia as well as associates
in Pakistan (MCB Bank) and Vietnam (An Binh Bank). Maybank first established its presence in Cambodia in 1993, and has three other offices in the kingdom, all located in the capital city, Phnom Penh. Maybank Cambodia registered a 22.37% growth in revenue for the 11 months of the bank’s current financial year compared to the previous corresponding period. Total loans to various sectors of the economy as at May 2009 grew 64.25% over the previous period. – Bernama
Siem Reap deputy governor Sok Leakhena cuts the ribbon to declare open Maybank’s Siem Reap branch. On the right is Abdul Farid.
KUALA LUMPUR: Berjaya Sports Toto Bhd has registered a net profit of RM410.49 million for the financial year ended April 30, 2009, up 17.7% from RM348.66 million in the previous financial year. Its revenue increased by 12.7% to RM3.69 billion, from RM3.27 billion previously. Announcing a strong set of results yesterday, it declared a fourth interim tax-exempt dividend of 11 sen per share for the financial year ended April 30, 2009, bringing the total for the year to 29 sen. Based on the number of 10 sen shares in issue as at June 15, 2009 of 1.256 billion, the fourth interim dividend distribution for FY ended April 30 was approximately RM138.16 million.
This will bring the total net dividend distribution for the financial year ended April 30, 2009 to approximately RM316.7 million, representing about 77.1% of the attributable profit of the group for the financial year. It proposed a special share dividend via distribution of 89.71 million treasury shares on the basis of one treasury share for every 14 shares held. It also declared a first interim dividend of 19 sen per share (comprising nine sen per share tax exempt dividend and 10 sen per share single tier exempt dividend) for the financial year ended April 30, 2010. The books closure date for both the interim dividends and the share dividend has been fixed on July 15 while the payment date for the interim dividends is July 27.
SapuraCrest ties up with GE Oil & Gas KUALA LUMPUR: Sapura Power Services Sdn Bhd, a subsidiary of SapuraCrest Petroleum has entered into a joint agreement with GE Oil & Gas, to further expand and enhance its service centre for the regional oil and gas industry. The centre will use the most advanced service and repair technologies from GE Oil & Gas to maintain, repair and refurbish heavy industrial gas turbines and its components using original equipment manufacturer (OEM) approved standards. “This enhanced facility is expected to be operational by the end of 2009,” GE Oil & Gas’s vice-president of Global Services, Jeff Nagel, said in a statement yesterday. He said the centre will continue to be operated by Malaysian Advanced Refurbishment Services, a whollyowned subsidiary of SapuraCrest
Petroleum and is among the few of its kind in the region. Nagel said one of the centre’s clients under this joint agreement will be Petronas, which had issued a letter of intent recently to use the facility. “The improvement of the service centre will include installation of the latest technologies and repair service equipment. “This will further minimise unit downtime and increase the efficiency and life of equipment for oil and gas facilities in the region,” he said. With its thriving oil and gas industry, Malaysia is an important contributor to the world energy market. Malaysia is also a significant liquefied natural gas (LNG) exporter to Japan, South Korea and Taiwan and has one of the most extensive natural gas pipelines networks in Asia. – Bernama
CIMB first ringgit market maker live on RTFX KUALA LUMPUR: CIMB Bank Bhd will be the first ringgit market maker to go live on Reuters Trading for Foreign Exchange (RTFX), which is a complementary trading tool. CIMB Bank uses ringgit cross on an electronic trading platform, making it the first local bank to offer such a value-added service, through its collaboration with Thomson Reuters. “Banks, corporate and other financial participants in Malaysia can now quickly and securely execute spot and forward foreign exchange and manage post trade processing via a single sign-
on from a Thomson Reuters desktop,” the bank said in a statement yesterday. Lee Kok Kwan, CIMB group treasurer and deputy chief executive officer said RTFX was an excellent complementary trading tool that will allow CIMB to trade with an increasing number of client relationships. By leveraging Thomson Reuters desktop global footprint, the bank would be able to distribute foreign exchange pricing to new and existing clients. Currently, RTFX has the support of 25 plus price makers and over 500 price takers from around the world. – Bernama
theSun
| TUESDAY JUNE 16 2009
business
Scomi in talks with several countries on monorail job KUALA LUMPURL: Scomi Group Bhd’s subsidiary Scomi Engineering Bhd is in talks with several countries which are considering the possibility of adopting a monorail system to improve their public transport. The countries are Nigeria, Brazil and
Saudi Arabia, the company said in a statement issued during the company’s annual general meeting yesterday. It is also participating in several tenders for monorail projects in India. Commenting on the development, its chairman Tan Sri Asmat Kamaludin
said: “Brazil will be hosting World Cup in 2014. Most of the cities in Brazil are very crowded and they have to improve their public transport system. “For other markets like Saudi Arabia, I think they need it because of the movement of pilgrims,” he told
reporters after the AGM. Asked on the contribution of its energy and logistics engineering division, he said it was still small but expected to exceed 10%. The major contribution is expected from Oilfield Services Division, which
contributed over 70% to the company’s revenue last year. Asmat said the group was cautiously optimistic about its performance for this financial year amid the current global economic slowdown. – Bernama
BToto posts higher net profit of RM410.5mil Maybank opens fourth branch in Cambodia KUALA LUMPUR: Maybank has opened its fourth branch in Cambodia. Located at Tep Von Street, Siem Reap City, the branch will offer full banking facilities and services including deposits, mortgage financing, trade financing, remittance as well as foreign exchange services. It also offers ATM facilities which are linked to the Maybank ATM network in Phnom Penh, the bank said in a statement here. Maybank head of international, Abdul Farid Alias, said the opening of the branch was
part of the bank’s strategy to tap the growth potential of the region as well as support the development of the business and tourism sectors there. Abdul Farid said that Maybank also planned to open four more branches in Cambodia by the end of the next financial year, subject to approval from the authorities. The Maybank Siem Reap branch further reinforces Maybank’s international network which currently has over 400 offices in 13 countries, in addition to 384 branches in Malaysia as well as associates
in Pakistan (MCB Bank) and Vietnam (An Binh Bank). Maybank first established its presence in Cambodia in 1993, and has three other offices in the kingdom, all located in the capital city, Phnom Penh. Maybank Cambodia registered a 22.37% growth in revenue for the 11 months of the bank’s current financial year compared to the previous corresponding period. Total loans to various sectors of the economy as at May 2009 grew 64.25% over the previous period. – Bernama
Siem Reap deputy governor Sok Leakhena cuts the ribbon to declare open Maybank’s Siem Reap branch. On the right is Abdul Farid.
KUALA LUMPUR: Berjaya Sports Toto Bhd has registered a net profit of RM410.49 million for the financial year ended April 30, 2009, up 17.7% from RM348.66 million in the previous financial year. Its revenue increased by 12.7% to RM3.69 billion, from RM3.27 billion previously. Announcing a strong set of results yesterday, it declared a fourth interim tax-exempt dividend of 11 sen per share for the financial year ended April 30, 2009, bringing the total for the year to 29 sen. Based on the number of 10 sen shares in issue as at June 15, 2009 of 1.256 billion, the fourth interim dividend distribution for FY ended April 30 was approximately RM138.16 million.
This will bring the total net dividend distribution for the financial year ended April 30, 2009 to approximately RM316.7 million, representing about 77.1% of the attributable profit of the group for the financial year. It proposed a special share dividend via distribution of 89.71 million treasury shares on the basis of one treasury share for every 14 shares held. It also declared a first interim dividend of 19 sen per share (comprising nine sen per share tax exempt dividend and 10 sen per share single tier exempt dividend) for the financial year ended April 30, 2010. The books closure date for both the interim dividends and the share dividend has been fixed on July 15 while the payment date for the interim dividends is July 27.
SapuraCrest ties up with GE Oil & Gas KUALA LUMPUR: Sapura Power Services Sdn Bhd, a subsidiary of SapuraCrest Petroleum has entered into a joint agreement with GE Oil & Gas, to further expand and enhance its service centre for the regional oil and gas industry. The centre will use the most advanced service and repair technologies from GE Oil & Gas to maintain, repair and refurbish heavy industrial gas turbines and its components using original equipment manufacturer (OEM) approved standards. “This enhanced facility is expected to be operational by the end of 2009,” GE Oil & Gas’s vice-president of Global Services, Jeff Nagel, said in a statement yesterday. He said the centre will continue to be operated by Malaysian Advanced Refurbishment Services, a whollyowned subsidiary of SapuraCrest
Petroleum and is among the few of its kind in the region. Nagel said one of the centre’s clients under this joint agreement will be Petronas, which had issued a letter of intent recently to use the facility. “The improvement of the service centre will include installation of the latest technologies and repair service equipment. “This will further minimise unit downtime and increase the efficiency and life of equipment for oil and gas facilities in the region,” he said. With its thriving oil and gas industry, Malaysia is an important contributor to the world energy market. Malaysia is also a significant liquefied natural gas (LNG) exporter to Japan, South Korea and Taiwan and has one of the most extensive natural gas pipelines networks in Asia. – Bernama
CIMB first ringgit market maker live on RTFX KUALA LUMPUR: CIMB Bank Bhd will be the first ringgit market maker to go live on Reuters Trading for Foreign Exchange (RTFX), which is a complementary trading tool. CIMB Bank uses ringgit cross on an electronic trading platform, making it the first local bank to offer such a value-added service, through its collaboration with Thomson Reuters. “Banks, corporate and other financial participants in Malaysia can now quickly and securely execute spot and forward foreign exchange and manage post trade processing via a single sign-
on from a Thomson Reuters desktop,” the bank said in a statement yesterday. Lee Kok Kwan, CIMB group treasurer and deputy chief executive officer said RTFX was an excellent complementary trading tool that will allow CIMB to trade with an increasing number of client relationships. By leveraging Thomson Reuters desktop global footprint, the bank would be able to distribute foreign exchange pricing to new and existing clients. Currently, RTFX has the support of 25 plus price makers and over 500 price takers from around the world. – Bernama
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