16  theSun | TUESDAY JUNE 16 2009

business

Scomi in talks with several countries on monorail job

KUALA LUMPURL: Scomi Group Bhd’s
subsidiary Scomi Engineering Bhd is in
talks with several countries which are
considering the possibility of adopting
a monorail system to improve their
public transport.
The countries are Nigeria, Brazil and
Saudi Arabia, the company said in a
statement issued during the company’s
annual general meeting yesterday.
It is also participating in several
tenders for monorail projects in India.
Commenting on the development,
its chairman Tan Sri Asmat Kamaludin
said: “Brazil will be hosting World Cup
in 2014. Most of the cities in Brazil are
very crowded and they have to im-
prove their public transport system.
“For other markets like Saudi
Arabia, I think they need it because
of the movement of pilgrims,” he told
reporters after the AGM.
Asked on the contribution of its en-
ergy and logistics engineering division,
he said it was still small but expected
to exceed 10%.
The major contribution is expected
from Oilfield Services Division, which
contributed over 70% to the compa-
ny’s revenue last year.
Asmat said the group was cau-
tiously optimistic about its perform-
ance for this financial year amid the
current global economic slowdown.
– Bernama

BToto posts
higher net profit
of RM410.5mil
KUALA LUMPUR: Berjaya Sports
Toto Bhd has registered a net profit
of RM410.49 million for the financial
year ended April 30, 2009, up 17.7%
from RM348.66 million in the previous
financial year.
Its revenue increased by 12.7% to
RM3.69 billion, from RM3.27 billion
previously.
This will bring the total net divi-
dend distribution for the financial year
ended April 30, 2009 to approximately
RM316.7 million, representing about
77.1% of the attributable profit of the
group for the financial year.
It proposed a special share dividend
via distribution of 89.71 million treas-
ury shares on the basis of one treasury

Maybank opens fourth branch Siem Reap

deputy
governor
Announcing a strong set of results
yesterday, it declared a fourth interim
tax-exempt dividend of 11 sen per
share for every 14 shares held.
It also declared a first interim
dividend of 19 sen per share (com-

in Cambodia
KUALA LUMPUR: Maybank
has opened its fourth branch
in Cambodia.
Located at Tep Von Street,
Siem Reap City, the branch
will offer full banking facilities
and services including depos-
its, mortgage financing, trade
financing, remittance as well
as foreign exchange services.
It also offers ATM facilities
which are linked to the May-
bank ATM network in Phnom
Penh, the bank said in a state-
ment here.
Maybank head of interna-
tional, Abdul Farid Alias, said
the opening of the branch was
part of the bank’s strategy to
tap the growth potential of the
region as well as support the
development of the business
and tourism sectors there.
Abdul Farid said that May-
bank also planned to open four
more branches in Cambodia
by the end of the next financial
year, subject to approval from
the authorities.
The Maybank Siem Reap
branch further reinforces
Maybank’s international net-
work which currently has over
400 offices in 13 countries, in
addition to 384 branches in
Malaysia as well as associates
in Pakistan (MCB Bank) and
Vietnam (An Binh Bank).
Maybank first established
its presence in Cambodia in
1993, and has three other
offices in the kingdom, all
located in the capital city,
Phnom Penh.
Maybank Cambodia reg-
istered a 22.37% growth in
revenue for the 11 months of
the bank’s current financial
year compared to the previ-
ous corresponding period.
Total loans to various sec-
tors of the economy as at May
2009 grew 64.25% over the
previous period. – Bernama
Sok
Leakhena
cuts the
share for the financial year ended
April 30, 2009, bringing the total for
the year to 29 sen.
ribbon to Based on the number of 10 sen
declare shares in issue as at June 15, 2009
open of 1.256 billion, the fourth interim
Maybank’s dividend distribution for FY ended
Siem Reap April 30 was approximately RM138.16
branch. On million.
the right is
Abdul Farid.
SapuraCrest ties up with
GE Oil & Gas
KUALA LUMPUR: Sapura Power
Services Sdn Bhd, a subsidiary of
SapuraCrest Petroleum has entered
into a joint agreement with GE Oil &
Gas, to further expand and enhance
its service centre for the regional oil
and gas industry.
The centre will use the most ad-
vanced service and repair technolo-
gies from GE Oil & Gas to maintain,
repair and refurbish heavy industrial
gas turbines and its components us-
ing original equipment manufacturer
(OEM) approved standards.
“This enhanced facility is expected
to be operational by the end of 2009,”
GE Oil & Gas’s vice-president of
Global Services, Jeff Nagel, said in a
statement yesterday.
He said the centre will continue to
be operated by Malaysian Advanced
Refurbishment Services, a wholly-
owned subsidiary of SapuraCrest
prising nine sen per share tax exempt
dividend and 10 sen per share single
tier exempt dividend) for the financial
year ended April 30, 2010.
The books closure date for both
the interim dividends and the share
dividend has been fixed on July 15
while the payment date for the interim
dividends is July 27.
Petroleum and is among the few of
its kind in the region.
Nagel said one of the centre’s
clients under this joint agreement will
be Petronas, which had issued a letter
of intent recently to use the facility.
“The improvement of the service
centre will include installation of the
latest technologies and repair service
equipment.
“This will further minimise unit
downtime and increase the efficiency
and life of equipment for oil and gas
facilities in the region,” he said.
With its thriving oil and gas in-
dustry, Malaysia is an important con-
tributor to the world energy market.
Malaysia is also a significant
liquefied natural gas (LNG) exporter
to Japan, South Korea and Taiwan
and has one of the most extensive
natural gas pipelines networks in
Asia. – Bernama

CIMB first ringgit market maker

live on RTFX
KUALA LUMPUR: CIMB Bank Bhd will
be the first ringgit market maker to go live
on Reuters Trading for Foreign Exchange
(RTFX), which is a complementary trading
tool.
CIMB Bank uses ringgit cross on an elec-
tronic trading platform, making it the first
local bank to offer such a value-added serv-
ice, through its collaboration with Thomson
Reuters.
“Banks, corporate and other financial partici-
pants in Malaysia can now quickly and securely
execute spot and forward foreign exchange and
manage post trade processing via a single sign-
on from a Thomson Reuters desktop,” the bank
said in a statement yesterday.
Lee Kok Kwan, CIMB group treasurer and
deputy chief executive officer said RTFX was
an excellent complementary trading tool that
will allow CIMB to trade with an increasing
number of client relationships.
By leveraging Thomson Reuters desktop
global footprint, the bank would be able to
distribute foreign exchange pricing to new
and existing clients.
Currently, RTFX has the support of 25 plus
price makers and over 500 price takers from
around the world. – Bernama