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Aussie manufacturing weaker in May

Activity in Australia's manufacturing sector was weaker in May than a month earlier due to less demand and strong competition from imports, a survey showed on Tuesday.

Two not re-elected to CCM board

TWO nominees of the MUI group of companies, which holds a 22.5% stake in Chemical Company of Malaysia Bhd (CCM), were not re-elected to the CCM board at its AGM yesterday.

Higher Aussie manufacturing

Australian manufacturing activity improved in March and was consistent with non-farm gross domestic product (GDP) growth of around 3.5%, a survey found yesterday.

Rise in UK student numbers

A record increase in the number of international students studying in UK higher education has seen key British Government recruitment targets achieved ahead of schedule, reports the British Council.

Metrojaya shares suspended from trading

SHARES of Metrojaya Bhd (MJB) were suspended from trading yesterday as Pan Malaysian Industries Bhd's stake in the company had exceeded 90%.

More Malaysians studying in Britain now

For the first time since the 1997 financial crisis, the number of Malaysian students studying in British institutions of higher learning has started to rise.

PMI yet to cross compulsory threshold for rest to sell

PAN Malaysian Industries Bhd (PMI) now owns 90.67% of Metrojaya Bhd's (MJB) shares, but has yet to cross the threshold that would make it compulsory for holders of the remaining MJB shares to sell them to PMI.

Global PMI shows sustained manufacturing recovery

Demand for manufactured goods grew strongly around the world in December 2003, signalling a powerful recovery in the sector, according to a global indicator based on national surveys of manufacturing companies.

PMI on track to delist Metrojaya

Pan Malaysian Industries Bhd (PMI) and its subsidiary, Excelton Sdn Bhd, have received acceptances of 16.521 million shares, or 13.23% of the paid-up capital of Metrojaya Bhd (MJB) under its cash offer to privatise MJB.

Global output up sharply

B>LONDON: /B>Global indicators based on national surveys of manufacturing and services companies show the private sector economy grew in November at the fastest pace in the series' five-year history, said JP Morgan.