Warkah Timur Launch New Blogs With It's own Domains

KOTA BHARU June 18 (Warkah Timur) -- Warkah Timur The First East Coast Of Malaysia Online News has launched new Warkah Timur with their's own domains. Starting today Warkah Timur readers can visit the new Warkah Timur blog address at http://warkahtimur.info

Warkah Timur owner saids, the old version of Warkah Timur at http://warkahtimur.blogspot.com also available for readers but if their looking for daily update news, them need to visit the new Warkah Timur adress.

Adding more, Warkah Timur's owner said " In new Warkah Timur News Blog its want to make a new program to reader's that allow them to gain income with Warkah Timur. Person who have interest to enter this program can apply on the support sections in new Warkah Timur News Blog at http://warkahtimur.info. In this program participant just need to becomes Warkah Timur Author's and write a news from East Coast Of Malaysia. Participant must responsible with their's writing and participant must write a true news not a made-up story or defamation. The item that will be post by the participant must the original not copy with other sites, news, media or else.

Abdullah: Restricting Companies From Going Private Will Not Help Bursa

KUALA LUMPUR, June 18 -- Setting conditions to prevent a company from going private will reduce the interest of other companies wishing to be listed on Bursa Malaysia, says Prime Minister Datuk Seri Abdullah Ahmad Badawi.

Abdullah, who is also Finance Minister, said the move will cause other foreign investors to lose interest in investing in the country, while other initiatives taken to liven up the share market and trade will also be affected.

"Besides many other reasons, the share market also exists to allow companies to realise their value and for investors to make profits from investments made.

"Because of this, the market must give way to corporate activities, such as mergers and acquisitions which will only increase the value of a listed company. This will make the market more active," he said.

The prime minister said this in his written reply to eight questions posed by Members of Parliament on the privatisation of telecommunications company, Maxis Commmunications Bhd (Maxis).

Among the questions were on why the government, through the Securities Commission and Foreign Investment Committee allowed the telecommunication giant to be taken private and the implications to the stock exchange and the country's economy.

Explaining further, Abdullah said that there was very little evidence that supported claims that privatisation deals resulted in the outlfow of funds from the domestic market.

In fact, the revenue collected from the take over offer is usually rechannelled into the market by Malaysian and foreign investors who are keen to retain their investments in the capital market assets of the country.

A market which sees active takeovers, regardless of whether the companies retain their listed status or go private, will create a dynamic market which will attract many more investors to see other opportunities in the market.

Such a market will also encourage more active trade, he added.