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Pharmaniaga plans to expand into Indonesia
PHARMANIAGA Bhd, an integrated healthcare company, is looking to expand into Indonesia after signing a memorandum of understanding (MoU) with PT Tigamitra Multikarya to register its intention to acquire 55% equity interest in PT Millenium Pharmacon International (MPI).
Hong Leong divisions plan broad move into China
HONG LEONG group is known to have only one division that is a major success in the China market. This is its subsidiary OYL Industries Bhd which manufactures air-conditioners and air filters.
MPI’s third quarter pre-tax profit up eight-fold
CHIP maker Malaysian Pacific Industries Bhd (MPI) announced yesterday that its third-quarter pre-tax profit to March 31 surged over 700% to RM51.8mil from RM6.1mil in the same period last year with the recovery in global demand for semiconductors now firmly under way.
MPI profit surges 211% to RM20mil
Multi-purpose Insurans Bhd's (MPI) pre-tax profit surged 211% to RM20.4mil for the year ended Dec 31, 2003 from RM6.5mil in 2002.
Proposal on press council condemned to cobwebs
The Information Ministry has decided not to act on a proposal to form the National Press Council due to lukewarm response from media practitioners.
Market loses further ground ahead of extended break
THE local stock market fell for the fifth day in a row yesterday as investors took profit ahead of the four-day, holiday-extended weekend amid continued uncertainty over the market's direction in the near term.
Technology stocks fall for fourth straight day
TECHNOLOGY stocks on the Malaysia Securities Exchange fell for the fourth consecutive day Wednesday as investors, concerned about recent events in the Middle East, took the cue from Wall Street's overnight decline and sold down such shares further.
News in brief
News briefs on Multi-Purpose, Poh Kong, Actacorp, Glomac, Sunway Resorts, MPI, Lien Hoe, Suiwah, ING Resources, SRII Bhd, Yu Neh Huat, Metro Kajang, GHL System, Kumpulan Guthrie, Th Group and Country Heights.
