The souring of a mega deal. AN ignominous flop.
That may sound harsh but it befits a deal that was trumpeted would create the most valuable Malaysian bank in South-East Asia, steered by the unwaveringly powerful Bank Negara and executed by no less than the country's top influential bankers Datuk Seri Nazir Razak and Datuk Seri Abdul Wahid Omar. As it turned out, Malayan Banking Bhd and CIMB Group Holdings Bhd's battle to take over RHB Capital Bhd, led respectively by Wahid and Nazir, which had a three-month deadline for completion took merely three weeks to go belly up. On Thursday, just one week before both banking giants' competing offers were scheduled to land on the table of RHB Cap directors, the banks revealed that they had scrapped talks and were bowing out of the merger plan.
Their carefully-crafted statements to the stock exchange, this time around, did little to mask the disenchantment. Target not acquired: The RHB Centre in Kuala Lumpur. — EPA. 1MDB, China eye RM37b Sarawak projects « anilnetto.com. While we are rattled by the Allah controversy and the spate of attacks on places of worship, others are eyeing big bucks – in Sarawak.
The State Grid Corporation of China (SGCC), one of the world’s largest utility firms, and 1Malaysia Development Berhad (1MDB) have signed an agreement to enter into joint venture negotiations to undertake projects reportedly worth up to RM37 billion (US$11 billion). The agreement reportedly involves the construction of three hydroelectric dams and a smelter plant in the Sarawak Corridor of Renewable Energy (Score) – and that’s just for starters. What are they going to do with all that electricity? Feed it to power-guzzling smelters, it would seem – and perhaps transmit the rest to the peninsula?
What kind of impact will that have on local indigenous people, their land and the environment, especially Sarawak’s rainforests (what’s left of them) and the biodiversity? 1MDB is a “strategic development company” owned by the Malaysian government. 10 Most Extraordinary Twitter Updates. Twitter updates are used to communicate everything from birthday wishes to political opinions.
But there are some special, shining cases where the status update has been used to do some extraordinary things, from marriage proposals to breaking news, and much more. The following are 10 of the most extraordinary and creative uses of Twitter updates. These amazing updates have made the news, pushed the boundaries of what the status update can do, and have even fundamentally changed people's lives. This post is part of a Mashable mini-series providing analysis of social media’s smallest big trend: the status update. The series is supported by the TurboTax SuperStatus Contest, which invites you to win up to $25K for an interesting Twitter or Facebook message. 1. On May 28th, Max Kiesler asked Emily Chang for her hand in marriage. Yes, in two little status updates, a couple got engaged. 2.
When is it too early to let your kids tweet? 3. When ice was found on Mars, how did the news break? 4. 5.