World-Class Universities Convene on Kuala Lumpur to Debate RankingsLONDON, November 18 - Over 700 university academics and administrators from around 45 countries Thomas Pink to Sponsor Leading Rider and Trainer Awards at The Open and The FestivalLONDON - - With Photo Cheltenham Racecourse today announced that leading international luxury shirt brand Thomas Pink is to sponsor the prestigious awards for the top jockey and trainer at both The Open in November and The Festival in March. The Thomas Pink Leading Rider Award and Thomas Pink Leading Trainer Award will be presented at both of Cheltenham’s biggest meetings to the jockey and trainer who win the most races, with the number of second, third and fourth places being taken into account if necessary. Japan #No 1. in Prosperity Across Asia Beating Hong Kong and Singapore; China, Cambodia and Pakistan Rank Last, Finds Legatum Prosperity IndexLONDON - - Leading Asian Nations Display Strong Economic Fundamentals, but Score Low on Democratic Institutions and Personal Freedom; Northern Europe Contains the Most Prosperous Nations, With the United States in 9th. Dubai Group Statement in Response to Announcement by Bank Islam Malaysia BerhadDUBAI, United Arab Emirates - “Following an earlier announcement by BIMB Holdings Berhad BHB (”Bank Islam”) with regards to its April 2009 offer for the capital increase, Dubai Group confirms that it is in the process of reviewing its strategic options relating to its stake. Bank Islam boasts strong attributes across the Asian banking sector, and the capital raise offer came in reflection of the successful transformation plan implemented by Bank Islam since 2006. However, following the reassessment of its investment strategy, Dubai Group has redirected its competitive advantage closer to home, namely the GCC and greater Middle East regions. Malaysia does remain a key market for future investments.” New Weekly Asia Polyethylene (PE) Pipe Grade Resin Price Report From ICIS PricingSINGAPORE - ICIS pricing, the world’s leading price reporting service for the global chemical industry, has launched a new weekly price report for Asian polyethylene (PE) pipe grade resins covering China and Southeast Asia. Dr M Group Selects Health Robotics’ Technology Over RIVA for all of its I.V. Compounding Centers in South East AsiaBOZEN, Italy - Health Robotics today reported that Dr M Group has selected the CytoCare(TM) and i.v.STATION(TM) Robots to be deployed across all of its I.V. Compounding Centers in Malaysia, Singapore, Indonesia, Vietnam, and India. Malaysian Palm Oil Council Disagrees With British Advertising Authority JudgmentKUALA LUMPUR, Malaysia - - Malaysian Jobs and Interests of the Poor Must Come First In response to the judgment by the British Advertising Standards Authority (ASA), the self-appointed watchdog of the UK advertising industry, Malaysian Palm Oil Council (MPOC) chief executive officer Tan Sri Dr. Yusof Basiron issued the following statement: World Finance Global Insurance Awards 2009LONDON - The need for a stable and reliable insurance company is, and always has been, of great importance to both individuals and firms. One of the main problems with choosing the right firm to suit specific needs is the vast array of firms within the market. So much choice can lead to confusion and mistakes being made. With that in mind, World Finance scoured the globe to filter the market, and here recommends the best available. Congratulations to those who made the grade this year. Vitol Tank Terminals International B.V. Enters a Joint Venture Agreement With MISC BerhadGENEVA - Vitol Tank Terminals International B.V. (”VTTI”), part of the Vitol Group, entered into a joint venture agreement today with MISC Berhad (”MISC”) to incorporate a joint venture company on an equal partnership basis. The joint venture company, Asia Tank Terminal Limited, will hold 100% equity interest in an oil terminal in Tanjung Bin, located in south-west Johor, Malaysia. Unprecedented Gathering of Renowned Soldier Modernisation Programme Managers and Researchers at Soldier Modernisation Middle East 2009, Abu DhabiABU DHABI, United Arab Emirates - The 2nd Soldier Modernisation Middle East will be held from 18th to 21st October 2009 at the Armed Forces Officers Club in Abu Dhabi. Here, leading programme managers and key experts from renowned science and technology organisations will gather to update the Middle East’s key defence stakeholders on the latest findings from their trials and validations as well as innovative strategies to advance the combat capabilities of the modern soldier. Companies are Failing to Keep Their Overseas Subsidiary Reporting in Good ShapeLONDON - Companies across the globe are failing to maintain the required legislative and regulatory reporting requirements for their subsidiaries, according to TMF Group, (TMF) the world’s leading independent provider of accounting and corporate secretarial services and Computershare Governance Services (CGS), the leading subsidiary governance software supplier. PETRONAS GROUP Results for the Financial Year Ended 31 March 2009KUALA LUMPUR, Malaysia - FINANCIAL YEAR ENDED 31 MARCH 2009 +/- 2008 2007 (Restated) (Restated) (in RM billion) Revenue 264.2 18.4% 223.1 184.1 Profit Before Taxation 89.1 (6.7%) 95.5 76.3 EBITDA 105.5 (4.0%) 109.9 88.7 Net Profit 52.5 (13.9%) 61.0 46.4 Total Assets 388.1 14.4% 339.3 294.6 Shareholder’s Funds 232.1 15.1% 201.7 171.7 (in USD billion) Revenue 77.0 16.3% 66.2 51.0 Profit Before Taxation 26.0 (8.5%) 28.4 21.1 EBITDA 30.8 (5.5%) 32.6 24.5 Net Profit 15.3 (15.5%) 18.1 12.9 Total Assets 106.1 0.1% 106.0 85.2 Shareholder’s Funds 63.5 0.8% 63.0 49.7 Average RM/US$ exchange rate 3.4318 3.3690 3.6100 KEY FINANCIAL AND OPERATIONAL RATIOS FINANCIAL YEAR ENDED 31 MARCH 2009 2008 Return on Revenue (PBT/Revenue) 33.7% 42.8% Return on Assets (PBT/Total Assets) 23.0% 28.1% Return on Average Capital Employed 37.1% 45.4% Debt / Assets Ratio 0.11x 0.11x Reserves Replacement Ratio - Domestic 1.1x 0.9x - International 4.1x 0.6x - Total 1.8x 0.9x SHI-ME Launches its First Ship Designed With AVEVA MarineKUALA LUMPUR - Sumitomo Heavy Industries Marine & Engineering (SHI-ME) Co., Ltd., a wholly owned subsidiary of Sumitomo Heavy Industries Ltd., has successfully delivered the first ship yard designed using AVEVA Marine. Verwater Builds Storage Terminal for 1.000.000 m3 Crude Oil in MalaysiaHOOGVLIET, The Netherlands - Today, investment company Lenstar signed a contract at Verwater Group Headquarters in Hoogvliet, for the build of a new tank farm in Kedah, Malaysia. Shiv Grewal, Chairman of the UK based Lenstar Investment Ltd and Managing Director of Lenstar Mohammad Munir Malik, both put their signature to the 220 million euro agreement. The project will take less than 36 months to complete. First Jatropha Genome Completed by Synthetic Genomics Inc. and Asiatic Centre for Genome TechnologyLA JOLLA, California and KUALA LUMPUR, Malaysia - Partners Analyze Jatropha Genome and Associated Microbial Genomes to Understand and Improve Plant Yield and Health to Develop Renewable Fuels, Biofertlizers, and Disease Control Solutions Tourism Malaysia to Showcase Adventure Tourism OfferingsABU DHABI, United Arab Emirates - Tourism Malaysia to Showcase Adventure Tourism Offerings at Adrenaline Sports Live, Presented by Rani Detroit Electric and Proton Announce Strategic Partnership to Produce Affordable and Practical Pure Electric VehiclesKUALA LUMPUR, Malaysia - Detroit Electric to produce and market full line of innovative Pure |
