DANAVEST

Via The Edge Daily
GEORGETOWN: The federal government should direct Tenaga Nasional Bhd to reduce the electricity tariff which is taking a toll on industries which are already reeling from the global economic meltdown.
Penang chief minister Lim Guan Eng said although oil prices had dropped to almost US$45 (RM160.65) per barrel and coal prices had also [...]

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By Christopher Johnson
LONDON: Oil fell below US$43 (RM156.09) a barrel on Dec 9, reversing earlier gains as investors expected US data to show another drop in fuel demand in the world’s top consumer.
US crude was down 54 cents at US$43.17 a barrel at 1418 GMT, after sinking earlier to US$42.89.
London Brent crude eased by 59 [...]

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Via The Edge Daily
KUALA LUMPUR: AirAsia Bhd has confirmed that its major shareholder Tune Air Sdn Bhd has been unable to secure financing to fund the privatisation of the low-cost carrier.
AirAsia said on Dec 5 that it had been informed by Tune Air that the latter was “unable to secure financing on acceptable terms and [...]

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via The Edge Daily
KUALA LUMPUR: Hong Leong Bank (HLB), the exclusive appointed agent of Amanah Raya Bhd, has launched the Hong Leong Invest Safe II.
Hong Leong Safe II is a trust deposit for customers who make a placement that can potentially enjoy steady growth and enhance yield on their investments, the bank said in a [...]

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SHARES of Malaysian power to gaming firm Genting tumbled 36 sen, or 8.1 per cent, to RM4.08, its biggest decline since February 28, 2007, the worst performer on the Kuala Lumpur Composite Index.
The company reported a third quarter loss of RM40.38 million and warned that its UK gaming operations would be hit.
The company said that [...]

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by Chan Kok Leong, The Edge Daily
KUALA LUMPUR: Non-Muslims in Selangor have been assured for now that alcoholic beverages will continue to be sold at retail and supermarket outlets.
Selangor executive councillor Teresa Kok, when met at parliament yesterday, said there were no plans to stop the sale of alcoholic beverages in the state.
She admitted though [...]

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via Business Times
LOS ANGELES: “Live Free or Die Hard” movie star Bruce Willis has resolved his dispute with a Malaysian prince and his company over a US$2 million investment in “green rubber,” the actor’s attorney said yesteday.
Willis’ attorney Martin Singer said in a statement yesterday that the lawsuit was amicably resolved and that it resulted [...]

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By Fabio Benedetti-Valentini,
Nov. 14 (Bloomberg) — Dexia SA, the world’s largest lender to local governments, will sell its bond insurance business for $722 million to Assured Guaranty Ltd., the bond insurer backed by billionaire Wilbur Ross.
Dexia will receive $361 million in cash and 44.6 million new Assured Guaranty shares for Financial Security Assurance Inc.’s insured [...]

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Maybank acquired 100% of BinaFikir Sdn Bhd. The deal was completed on Friday, 7 November 2008.
About BinaFikir Sdn Bhd
BinaFikir, founded in January 2002, is Malaysia’s premier independent financial advisory firm specialising in restructuring & reorganisations, M&A, debt/equity financing, Islamic structured finance and strategic financial advisory.
We adopt a holistic and strategic approach to corporate finance, [...]

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The Star
KUALA LUMPUR: DAP wants to know if the recent RM5bil injection into ValueCap Sdn Bhd is in fact a “rescue package” to repay its RM5.1bil debt due in February next year.
DAP National Publicity secretary Tony Pua (DAP- PJ Utara) said that The Malaysian Insider (www.themalaysianinsider.com) had reported that ValueCap had a RM5.1bil debt to [...]

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