Malaysia's first ever industry led international show and conference for powered two wheeler vehicles in Malaysia, was launched in PWTC today. The 5 day event will be showcasing the latest machines and products, from the motorcycle industry.

Felda has decided to form a special purpose vehicle SPV to handle the listing exercise of Felda Global Ventures Holdings FGVH on the main board of Bursa Malaysia. This follows the failure of Felda Koperasi Permodalan KPF to convene its EGM today.

AirAsia Berhad's net profit in the fourth quarter of 2011 fell 56.4 percent mainly due to higher aircraft fuel expenses. In a statement to Bursa today the low cost carrier said net profit for three months ended December 31st was 135.7 million ringgit down from 311.1 million a year earlier.

Panasonic Malaysia targets to increase its market share to 30 per cent by 2013 with its new eco-friendly LED light bulbs. The company expects sales of the LED light bulbs to contribute some 3 million ringgit to its revenue.

Major Asian markets were mostly higher Wednesday recovering from early losses. Share prices on Bursa Malaysia ended on easier note, following losses in selected plantation and banking counters.

Proton Holdings is collaborating with YTL Communications Sdn Bhd to offer Malaysia's first in-car 4G internet access. The YES internet access will be available in Proton high-end cars starting with the new sedan P3-21A to be launched next month.

In Tennis, Peng Shuai and Ana Ivanovic recorded wins in their Dubai Tennis Championships first round matches while Agnieska Radwanksa and Daniela Hantuchova are also through in earlier matches on Tuesday.

Carlos Tevez has apologised for his conduct in the aftermath of his refusal to warm up in Manchester City's Champions League tie at Bayern Munich.

In football, Juan Mata gave the 'Blues' and early lead in the 27th minute following a mistake by defender Paolo Cannavaro.

In sports, football, Chelsea trained at the Stadio San Paolo in Naples on Monday ahead of the first leg of their round of 16 UEFA Champions League tie with Napoli.

Real Madrid coach Jose Mourinho said on Monday that he's not going to take any chances at the Luzhniki Stadium in the Russian capital against CSKA Moscow, despite being the overwhelming favourites.

In basketball, Deron Williams torched Jeremy Lin and the Knicks for 38 points to lead the New Jersey Nets to a 100-92 win over New York on Monday at Madison Square Garden.