KUALA LUMPUR: Plantation stocks continued to face heavy selling yesterday despite a recovery in crude palm oil (CPO) futures and the broader equity market.

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The scenario is as bizarre as it gets. Ten years ago, Datuk Seri Anwar Ibrahim was preparing to succeed Tun Dr Mahathir Mohamad as prime minister when he was sacked by his erstwhile mentor and slapped with sodomy and corruption charges.

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PETALING JAYA: Datuk Seri Anwar Ibrahim yesterday vowed to vigorously fight the sodomy charges that will be thrown at him in court today and to win the Permatang Pauh parliamentary by-election that has been fixed for Aug 26.

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PETALING JAYA: The lead defence lawyer for Datuk Seri Anwar Ibrahim yesterday said he was prepared for a protracted court battle to prove his client’s innocence.

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KUALA LUMPUR: Tan Sri Dr Koh Tsu Koon and Lim Guan Eng will pit their wit in a televised political debate on Aug 20 — the second such live telecast after Parti Keadilan Rakyat de facto leader Datuk Seri Anwar Ibrahim squared off against Information Minister Datuk Ahmad Shabery Cheek last month.

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KUALA LUMPUR: TM International Bhd (TMI) has yet to finalise plans to list its Bangladesh mobile carrier TM International (Bangladesh) Ltd or AKTEL, contrary to a recent report in a Bangladesh daily.

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KUALA LUMPUR: Malayan Banking Bhd’s (Maybank) board of directors should take responsibility for the potential loss from its Indonesian bank acquisition folly, as no real risk assessment was done prior to the purchase, said Minority Shareholders Watchdog Group (MSWG) chief executive Abdul Wahab Jaafar Sidek.

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KUALA LUMPUR: Malayan Banking Bhd said yesterday it was continuing to engage with all relevant parties in its stalled acquisition of Indonesia’s Bank Internasional Indonesia (BII) with a view of finding the best solution.

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KUALA LUMPUR: Bumiputra-Commerce Holdings Bhd (BCHB) subsidiary CIMB Group Sdn Bhd has obtained Bank Negara Malaysia’s approval to acquire a 42.13% stake in BankThai Public Company Ltd from Financial Institutions Development Fund for about RM577 million.

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SHAH ALAM: How did a pair of slippers that purportedly belonged to murdered Mongolian national Altantuya Shaariibuu appear in the jeep of Corporal Sirul Azhar Umar, the second accused?

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KUALA LUMPUR: Manufacturers of consumer products consistently topped the dividend-paying list of listed public companies in the three years from 2004 to 2006, with an average of 21 sen in dividend per share during the period, according to a Minority Shareholders Watchdog Group (MSWG) survey.

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PETALING JAYA: Kimble Corporation Bhd’s managing director Datuk Yao Bor Bin has ceased as a substantial shareholder of the company after selling down a total of 7.8% stake in the company recently, raising speculation that he would exit the company.

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KUALA LUMPUR: Tien Wah Press Holdings Bhd’s net profit jumped 60% to RM4.45 million for the second quarter ended June 30, 2008 from RM2.78 million a year earlier.

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KUALA LUMPUR: KNM Group Bhd has secured overseas and local oil and gas-related orders totalling RM463 million from international clients.

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KUALA LUMPUR: JT International Bhd (JTI) posted a 35.7% increase in net profit to RM28.92 million for the second quarter (2Q) ended June 30, 2008 from RM21.31 million a year earlier on the back of higher cigarette prices and improved sales volume.

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KUALA LUMPUR: Al-Hadharah Boustead REIT has proposed to acquire two more plantations, the Bebar and Malakoff estates in Pahang and Penang, respectively, measuring a total of over 3,700ha for RM192 million.

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PETALING JAYA: AmFirst Real Estate Investment Trust’s (AmFirst) net income for the first quarter ended June 30, 2008 rose 28.2% year-on-year to RM9.6 million, underpinned by contributions from its newly acquired property, the Summit Subang USJ.

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KUALA LUMPUR: Naim Cendera Holdings Bhd net profit fell 20.5% to RM17.65 million for the second quarter ended June 30, 2008 from RM22.2 million a year earlier on the back of lower revenue of RM133.94 million, versus RM185.35 million.

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In early June 2008, RAM revised its 2008 GDP growth forecast for Malaysia from 5.9% to 5% following an earlier and larger-than-expected reduction in fuel subsidies as well as uncertainties faced by investors vis-à-vis changes in government spending priorities and the fall of five states to the opposition following the general elections in March.

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PUTRAJAYA: Home Minister Datuk Seri Syed Hamid Albar said yesterday Motorola Inc and its local partner in the RM1 billion deal to upgrade the secured radio network of the police have given an assurance that no individual or company linked to Israel is involved in the project.

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PERMATANG PAUH: Umno Permatang Pauh has proposed its division chief Datuk Abdul Jalil Abdul Majid as the Barisan Nasional (BN) candidate to face Datuk Seri Anwar Ibrahim in the Permatang Pauh parliamentary by-election on Aug 26.

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PENANG: The Penang state government has called on the transport ministry to compel Malaysia Airports Holdings Bhd (MAHB) to hasten the upgrading works at the Penang International Airport.

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WITH accolades such as Asia’s Agency of the Year, Asia-Pacific Office of the Year, the fourth Most Awarded Agency in the World and most recently, several Cannes Silver Lions, Creative Juice Worldwide has proven to be a creative force to be reckoned with globally.

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PUTRAJAYA: The Election Commission (EC) has fixed nomination day for the Permatang Pauh by-election on Aug 16 and polling to be held 10 days later on Aug 26.

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