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Foreign business news in brief including from Jakarta that Indonesia#8217;s foreign direct investment (FDI) approvals dropped 35% to US$9.74bil in 2002 from US$15.06bil the prior year, government figures showed. State investment agency BKPM said just over 1,000 new projects were approved last year, down from 1,180 in 2001.
PENERBANGAN Malaysia Bhd (PMB) signed a memorandum of understanding (MoU) yesterday with Airbus to buy six A380-800 passenger aircraft, which can cost up to US$1.5bil.
THE 2001 Gene Hackman flick I>Behind Enemy Lines/Iwas an otherwise forgettable testosterone #8211; fuelled action thriller that featured the usual two-dimensional bad guys and predictable plot lines. But to Kent Kresa, 64, it #8211; or at least the 30-second scene that plugged a fictional version of technology.
Discount Australian airline Virgin Blue is boosting its fleet with 10 Boeing 737-800 aircraft and an option for 40 more, as it battles Qantas Airways and targets international routes.
The year 1990 was I>Visit Malaysia Year/I>. Planeloads of tourists were arriving and Malaysia Airlines (MAS), being the national carrier, was enjoying brisk business.
GE Plastics Malaysia will invest US$1mil (RM3.8mil) this year to upgrade its multi-walled polycarbonate sheet manufacturing facility in Klang.