Mozambique extends probe into govt loans to April 28
MAPUTO, March 25 Mozambique has extended until April 28 an investigation into government-owned firms that hid $2 billion in loans, state media said on Saturday.
Salcon Bhd's tie-up with Eco-World Development Sdn Bhd, a company linked to S P Setia Bhd's Liew Kee Sin, will pave the way for the water and waste water engineering company to go big into the Johor property sector.
Salcon executive director Leong Kok Wah said the company, in the immediate term, will develop a 1.2 bln rgt ($375.17 mln)mixed commercial project in Johor together with Eco-World Development.
Leong said Salcon has appointed Eco-World Development as the main contractor for the Johor project.
Eco-World Development is an upcoming player in the property world and has Liew's son as a director. Leong, who sat on the S P Setia board for 13 years, also sits on the borad of Eco-World Development.-The Edge
Russia offers upgrade package for MiG-29Ns-New Straits Times
MRCB gets shareholder nod for NGD buy-Business Times
NOTE: Reuters has not verified these stories and does not vouch for their accuracy.
((Kuala Lumpur newsroom, +603 2333-8046, fax +603 2161-3340, email@example.com) ($1 = 3.1985 Malaysian ringgits)
JOHANNESBURG, March 25 South African Finance Minister Pravin Gordhan embarks on a week-long non-deal investor roadshow in Britain and the United States on Monday as weak economic growth and ruling party tensions put the country's investment grade at risk.