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THE war in Iraq is certainly taking a toll on the rubber glove industry. Whereas rising latex prices were pretty much the main concern over the last five quarters, the recent standoff followed by the outbreak of war in the Middle East has led to further increases in production costs.
THE Indonesia-Malaysia-Thailand Growth Triangle (IMT-GT) joint-business council (JBC) plans to include regional corporate entities in its business forum as a means to raise capital to fund and expedite major infrastructure projects in member countries.
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.
PIPE-COATING company Wah Seong Corp Bhd is looking good after a tie-up with industry giant Italy#146;s Socotherm SpA to provide pipe coating work for the oil and gas sector in China.
TEXCHEM Resources Bhd is setting up a manufacturing facility for I>surimi/I>, fishmeal and other aquaculture products in Myeik, Myanmar.
NTPM Holdings Bhd, one of Malaysia#039;s largest manufacturers of tissue paper, toilet rolls and paper products, plans to strengthen its position in the local market while expanding overseas and di-versify its current product base over the next five years.
LEATHER is in. And the Singapore-based distributor of Braun Buffel leather goods is making sure that no expenses are spared in creating more awareness of the brand particularly among the urban young professionals between the ages of 25 and 45 in Malaysia.
UBS Corp Bhd, which is heading for a listing on the Mesdaq market next month, expects to increase its revenue from RM9mil to RM16mil for the financial year ending Dec 31, 2003 by aggressively marketing its range of business software applications overseas.