My Sinchew/ Business

Singapore: Thai Finance Minister Says Country Has Enough Rice Stocks, Won't Cut Exports

Thailand has enough rice stocks to meet all its export commitments despite talk of a shortage of the grain in the global market, the country's finance minister said Friday (25 Apr).


Thailand: More Protection For buyers Of Condos

Condominium buyers in Thailand are to get better legal protection thanks to the amended Condominium Act, under which developers who do not deliver facilities as advertised will be penalised.


Korea: Metal In Big Mac From Spatula

South Korea's food watchdog said Friday (16 May) that metal pieces found in the patty of a McDonalds' hamburger early this month came from a cooking utensil at the food giant's flagship store here.


EQUATOR LIFE SCIENCE DISPOSES LAND FOR RM2.1M

EQUATOR LIFE SCIENCE reported that its 100% owned unit EQUATOR BIOTECH sb had on May 14, 2008 entered into Agreements to dispose the following property:
1. Disposal of 7 plots of freehold land in Mukim Sungai Balangmeasuring 29.4 acres to TOH PENG SAN @ TOH THENG SUN for a cashconsideration of RM1.11m. The property as valued at RM1.12m by COLLIERS, JORDAN LEE & JAAFAR sb in Mar 2008.


UNITED MALACCA - APR 2008 CROP OUTPUT

UNITED MALACCA reported that Apr 2008 Group crop output was as follows:
1. Fresh Fruit Bunches - 19,231 mt.
2. Crude Palm Oil - 5,078 mt.
3. Palm Kernel - 1,238 mt.(By KLSETRACKER.com)


COASTAL CONTRACTS SECURES USD62M OFFSHORE SUPPLY CONTRACTS

COASTAL CONTRACTS reported May 15, 2008 that 100%-owned - THAUMAS MARINE ltd - had secured the sale of 2 units of offshore support vessels for USD62m (RM201.5m).
COASTAL CONTRACTS has an Order Book of RM1.2 bil stretching till 2010 comprising offshore support vessels, tugboats and barges.(By KLSETRACKER.com)


MERCES HOLDINGS PROPOSES NAME CHANGE

MERCES HOLDINGS reported May 15, 2008 that the Companies Commission has approved a name change to Y&G CORPORATION on Apr 28, 2008.(By KLSETRACKER.com)


HEKTAR REIT - MAY 14, 2008 NAV

HEKTAR REIT reported that its NAV as at May 14, 2008 was RM1.182 perunit.(By KLSETRACKER.com)


JAYA TIASA FUTURE IN OIL PALMS AS TIMBER PROSPECTS FLATTEN

Timber group JAYA TIASA HOLDINGS has just completed itsFYE Apr 30, 2008 during which earnings could come in at half of that for FY07.
There is anticipation that its earnings in the current financial year (FY2009) could replicate that of FY07, which was a fairly good year for the log and plywood market.
In FY07, the group earned a net profit of RM121.9m, or EPS of 47.5 sen, close to TA ANN HOLDINGS Net Profit of RM130.4mfor the FYE Dec 31, 2006.
In the timber industry, TA ANN is the most widely followed by fund managers, having been consistent in its investor relations.


KNM GROUP EGM FOR EURO350M BORSIG PURCHASE

KNM GROUP will convene an EGM on May 30, 2008 to seek shareholders approval for the proposed acquisition by KNM PROCESS SYSTEMS sb - a 100%-owned unit - for Euro350m cash.(By KLSETRACKER.com)