Saturday, September 15, 2007

Interesting Business News

I read this news on Channelnews Asia. Hmmm.... Rahaman.... Sounds kinda familiar, don't you think?

Swiber Holdings signs MOU for JV in Brunei
By Pamela Almeda, Channel NewsAsia | Posted: 14 September 2007 2202 hrs

SINGAPORE : Mainboard-listed Swiber Holdings has signed a memorandum of understanding for a joint venture in Brunei.

Swiber will own 51 percent of the joint venture and Brunei-based Rahaman will hold the remaining 49 percent.

The partnership will enable Swiber to bid for projects open only to Brunei-incorporated companies.

Swiber is an integrated offshore engineering, procurement, construction, installation and commission contractor.

Rahaman in involved in the oil and gas commodity and trading business. - CNA/ms

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