Advance Your Own Business

Group revenue rose about 10 per cent to RM1.74 billion for the first quarter ended September 20 2008, from a year ago. Net profit for the quarter was RM252.37 million.

MALAYSIA'S economy is insulated from the global economic slowdown due to strong exports to China and India, says Second Finance Minister Tan Sri Nor Mohamed Yakcop.

THE Malaysian stock market slumped yesterday along with regional bourses, spooked by a large overnight fall on Wall Street on concerns of an extended economic downturn in the US.

MESDAQ-LISTED Tamco Corporate Holdings Bhd (0048) is seeking more time from the relevant authorities to find itself a new core business to keep its listing status.

MUMBAI: Malaysia wants to attract more Indian bond issues, cross-border listings and fund management operations to the country, Securities Commission (SC) chairman Datuk Seri Zarinah Anwar says.

CAPE TOWN: South Africa's Engen petroleum company, majority owned by Petronas (Petroliam Nasional Bhd) has acquired Total's operations in Guinea Bissau, Rwanda and Burundi, a senior official said yesterday.

MISC Bhd's (3816) net profit eased to RM483.86 million for the second quarter ended September 30 this year from RM654.98 million in the same period in 2007.

AFTER comfortably beating its investment targets this year, Penang expects smaller investments as multinationals will be cautious about spending because of the global economic slowdown.

TM INTERNATIONAL Bhd (TMI)'s (6888) wholly-owned subsidiary, Indocel Holding Sdn Bhd, is participating in a consortium which is bidding for a third public mobile network licence in Iran.

MALAYSIA'S sukuk market stands to grow from financing needs required by local off-budget transactions, says Aseambankers chief executive officer Mohammed Rashdan Mohd Yusof.

HLG Unit Trust Bhd (HLG UT) says all its unit trust funds have grown this year despite the poor stock market performance.

TUNE Money Sdn Bhd should make profit next year driven by its financial services products, after wiping out some RM10 million in accumulated losses, says its director Datuk Seri Tony Fernandes.

"We are in early discussions with Turkey, and we can share our experience with them. We want to be able to tap into their market once they offer the right type of products," he told reporters on the sidelines of the Kuala Lumpur Islamic Finance Forum 2008 yesterday.

The group will take a majority interest in the joint venture with Dongguan Sinograin Oils and Grains Co Ltd (DSOG).