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Business

US$2.5bil manufacturing projects get nod in first 7 months

THE Malaysian Industrial Development Authority (Mida) has approved in the first seven months of this year 580 manufacturing projects with investments amounting to US$2.5bil, of which 48% or US$1.2bil consisted of foreign investments, said chairman Tan Sri Zainal Abidin Sulong.

Business

Indian PM: Trade with Asean can hit US$30b

INDIAN Prime Minister Shri Atal Bihari Vajpayee has called for India-Asean trade to increase significantly to US$15bil over the next two years and to US$30bil by 2007.

Business

India-Asean Business Summit kicks off today

The second India-Asean Business Summit, which aims to foster greater economic activities be- tween India and Asean, kicks off today in New Dehli.

Business

GCC makes quality products

INDONESIA and the Philippines are well known for their excellent housemaids. Not to be outdone, Malaysia has its Goodmaid. Of course, in this case it#146;s the fully Malaysian-owned Goodmaid Chemicals Corp Sdn Bhd (GCC) that produces its line of consumer goods, including the popular I>Goodmaid/Ihousehold cleaning products.

Business

Malaysia will benefit from Afta with growing volume in intra-Asean trade

MALAYSIA will benefit from the Asean Free Trade Area (Afta) as seen from the growing volume in intra-Asean trade since its implementation, according to Federation of Malaysian Manufacturers (FMM) president Datuk Mustafa Mansur.

Business

Melcom climbs steadily by 26%

INVESTORS' interest in Matsushita Electric Co (M) Bhd (Melcom) has remained intact as reflected by its share price which has climbed steadily by 26% since January this year to close at RM10.80 last Friday, the highest so far this year.

Business

Johore Tin to use IPO proceeds for tin can plant

JOHORE Tin Bhd (JTB) will use part of the expected RM9.8mil gross proceeds from the group's proposed listing on the KLSE second board to fund the construction of a new tin can manufacturing factory in Senai, Johor.

Business

Texchem upgrading China plant

TEXCHEM Resources Bhd will upgrade its Wuxi plant in China next year on expectations of mounting demand for its packaging products, said executive chairman and president Datuk Fumihiko Konishi.

Business

Recovery may work to MAS’ advantage

POST Severe Acute Respiratory Syndrome (SARS), the commercial aviation industry is expected to enjoy five to seven years of recovery, with the Asia Pacific experiencing particularly robust growth, according to Jeppesen Academy general manager Capt Bud Oaster.

Business

Tenggara Oil seeks new markets for lubricants

TENGGARA Oil Bhd is aggressively exploring new export markets for its I>Tobex/Ilubricant products, executive chairman Datuk Dr Kamal Salih said.