KUALA LUMPUR: Media Prima Bhd's pre-tax profit for its first fiscal quarter ended March 31, 2012, dropped to RM28.922 million from RM47.561 million recorded in the corresponding quarter last year.

KOTA KINABALU: The Malay Vehicle Importers and Traders Association (Pekema) has appealed to the federal government particularly Bank Negara Malaysia (BNM) to relax the new guidelines on hire purchase loan which it said has hampered sales of imported and locally-assembled cars.

KUALA LUMPUR: UDA Holdings Bhd is still evaluating proposals of all parties for the redevelopment of its Pudu Jail land and wants the preferred bid to be the one that is in its best commercial interest.

PETALING JAYA: Credit for the purchase of commercial properties in March grew by 22.7% year-on-year, raising concerns in some quarters of a potential asset bubble.
This loan growth in the non-residential sector, which includes industrial and commercial properties, was the highest followed by credit growth for the construction sector at 19.2%.

KOTA TINGGI: The oil and gas industry in Pengerang is set to receive RM120 billion in total investments within the next five to six
years, of which half or US$60 billion would be contributed by the Petronas' refinery and petrochemichal integrated development (RAPID) project, with a Taiwanese and German company also making multi-billion dollar investments.

PETALING JAYA, 11 MAY, 2012: All airlines in the country must be able to face challenges when the Asean open sky policy comes into force in 2015 and therefore, collaboration efforts between AirAsia, AirAsia X and Malaysia Airlines (MAS) is important, says AirAsia X Chairman Tan Sri Rafidah Aziz.

KUALA LUMPUR, 10 MAY, 2012: AirAsia has appointed its former Regional Head of Customer Experience, Logan Velaitham, as the new Country Head for Singapore, effective May 9, 2012.

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