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Business 15 Apr 2003 | 12:00 AM

Princess of Netherlands charms Asia

DUTCH household appliances company, Princess International Co Ltd, expects revenues from Asia to account for 40% of its global sales (excluding the US) within the next three years, against 25% now, said president Aad Ouborg.

Business 12 Apr 2003 | 12:00 AM

Special fund for tourism companies

THE Finance Ministry has, through Bank Pem-bangunan amp; Infrastruktur Malaysia, appointed Malayan Banking Bhd and Bumiputra-Commerce Bank Bhd (BCB) to disburse part of the RM400mil special fund for tourism 2 (SFT2) allocated under Budget 2003 to tourism-related companies.

Business 05 Apr 2003 | 12:00 AM

Shareholder activism still dormant

WE all like to root for the underdog. This is why we fancy the notion of shareholder activism becoming a major element in the Malaysian corporate scene.

Business 31 Mar 2003 | 12:00 AM

Penang Port rebuilds Swettenham Pier

PENANG Port Sdn Bhd, scheduled for listing later this year, will spend RM175mil in 2003 to rebuild the Swettenham Pier, expand the North Butterworth Container Terminal (NBCT), and construct a marina.

Business 28 Mar 2003 | 12:00 AM

Telekom targets 900 distributors

TELEKOM Malaysia Bhd targets to appoint 900 entrepreneurs to distribute and market its three telecommunications products nationwide by the year-end.

Business 24 Mar 2003 | 12:00 AM

Boeing to provide upgrade of satellite ground facilities

THE Boeing Company, whose subsidiary Boeing Satellite Systems entered into a deal to sell a third satellite to Binariang Satellite Systems Sdn Bhd, will provide an upgrade to the MEASAT ground facilities on Pulau Langkawi, as well as training and launch support services.

Business 21 Mar 2003 | 12:00 AM

Celcom shareholders okay TM Cellular buy

It was a huge victory for Celcom (M) Bhd when it won shareholders#039; approval at an EGM yesterday to buy TM Cellular Sdn Bhd for RM1.68bil, although Deutsche Telekom (DT) opposed the plan.

Business 11 Mar 2003 | 12:00 AM

Dyson to up investments in Malaysia

BRITAIN-BASED vacuum cleaner manufacturer Dyson Ltd plans to increase its investment in Malaysia #150; now totalling US$80mil #150; within the next one or two years.

Business 08 Mar 2003 | 12:00 AM

Confusion reigns at KSU meeting to remove board

CONFUSION reigned yesterday at the KSU Holdings Bhd EGM called to deliberate on 16 resolutions calling for the removal of all existing directors and the appointment of six new ones.

Business 05 Mar 2003 | 12:00 AM

Eng Kah sees Afta boost

ENG Kah Corp Bhd expects increased sales orders for its coloured cosmetics, skin care and perfumery divisions this year with the implementation of the Asean free trade area (Afta).