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Headliners (Green Packet, WTK, Supermax, Khazanah Nasional)
Malaysia Headliners | 05 July 2011
By: Gerald Teo
Articles (40) Profile

Green Packet’s Unit Collaborates With China Mobile In 4G Technology
Green Packet, provider of mobile broadband networking solutions, has secured a technology cooperation agreement, through its subsidiary Packet One Networks, with China Mobile to initiate the time division-long term evolution (TD-LTE) technology in Malaysia and South-East Asia. The TD-LTE technology is a 4G telecommunications evolutionary path for the future of mobile broadband. Packet One Networks said that technology needs mass adoption for true mobile 4G and TD-LTE to be successful. China Mobile is among the first operators to have adopted the TD-LTE technology and it is one of the founders of the global TD-LTE Initiative (GTI). Packet One Networks will be able to benefit from the technological development of TD-LTE, along with other GTI members such as Softbank Mobile, Vodafone Group, Bharti Airtel and Clearwire, and further expand its product range.

WTK Sees Growth In Timber And Oil Palm
WTK Holdings is optimistic of a good performance this year on the back of rising plywood prices. According to the company, the price of plywood is now averaging at around RM600 per cubic metre, up from RM450 per cubic metre a year ago. At the beginning of this year, WTK has established 5,500ha of forest plantation and planted 7,000ha with oil palms. The company has set aside RM20m to expand its forest plantation by another 2,000ha and is planning to plant another 3,000ha to its oil palm estates. In its 1Q11 result, WTK returned to the black, registering RM12.7m in profits from RM1.95m of losses recorded a year ago. WTK sees higher timber orders from Japan, its biggest plywood market, in the country’s reconstruction efforts after the devastating disasters. Its oil palm planting business is still at the preliminary stage and only expects significant contribution from 2014 onwards.

Supermax Attracted To Raw Materials And Labour Supply In Vietnam And Indonesia
World’s second largest rubber glove maker Supermax Corp may expand to Vietnam and Indonesia due to the ample supply of raw materials and labour available in the two countries. The company said its operations in Malaysia will remain and intends to expand its rubber plantations by another 40,000ha by 2012. Supermax added that part of the reason for its future overseas expansion is also due to some difficult business conditions in Malaysia such as short notice of electricity tariff hike and labour problems. The company declined to comment if the expansion would be through the acquisition of another company or on its own. 9 factories operated by Supermax are currently located in Malaysia, fully exported to over 146 countries. Seeking alternative expansion within the region could be a good strategy in minimizing the company’s initial cost outlay in starting up a new factory, and in this case, it may enjoy a friendlier business environment.

Khazanah Nasional And Temasek Holdings Collaborate In Development Projects
Khazanah Nasional and Temasek Holdings are collaborating to set up 2 joint venture companies, M+S and Pulau Indah Ventures, to undertake RM30b worth of development projects in Iskandar Malaysia and Singapore. This is the first joint development investment between the 2 sovereign wealth funds. M+S, in which Temasek has a 40% stake and Khazanah owns a 60% stake, will develop sites in Marina South and the Ophir-Rochor area in Singapore, with a gross floor area of up to 501,020 sqm. Pulau Indah Ventures, which is equally owned by Khazanah and Temasek, will develop projects in Iskandar Malaysia, Johor, with a gross development value of RM3b and a permitted gross floor area of up to 1.37m sqm. The development in Iskandar with Temasek is believed to be highly complementary and builds on the momentum of existing and planned projects in Iskandar Malaysia, while Temasek will be able to tap on the expertise of the leading developers in Malaysia.

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