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Komag plans US$20mil upgrade for Penang and Sarawak ops
KOMAG Inc will invest US$20mil to upgrade and concentrate all its manufacturing activities in Penang and Sarawak, its chief executive officer Datuk T.H. Tan said.
Fee-based ad sector soon
THE Malaysian advertising industry, which traditionally is paid via a 15% commission on clients#146; gross spending, is moving into a fee-based remuneration that could possibly be fully adopted within two years, said R3 Asia Pacific principal Greg Paull.
CNY rally still ongoing
DESPITE losing ground this week, the Chinese New Year rally is still expected to have its last hurrah at the Kuala Lumpur Stock Exchange (KLSE) next week. Observers say the market may get a boost from corporate announcements and continued investor interest following the entry of Valuecap Sdn Bhd.
Critical Path stays alive
CRITICAL Path embodied the Internet boom. Its wild-haired founder, David Hayden, saw the future of e-mail early on, raising US$40 million in venture funding to fill a former chocolate factory in San Francisco with engineers.
Downward correction forecast
Stock Market Signals: A weekly column by G.M. Teoh on the performance of the KLSE's Main Board.
Economists: US low interest rates could last until late summer
Economists cited turbulence on Wall Street over rising worries about a war with Iraq as a primary reason for why they think the Federal Reserve will leave interest rates at a 41-year low.
Robert Bosch to up market share in Asia
ROBERT Bosch (M) Sdn Bhd aims to annually capture another 1% of the Asian market for car radios and speakers, according to its executive vice-president and managing director Dr Karl-Heinz Schroedl.
T.H. Hin arm expects to contribute 50% of turnover
T.H. Hin Corp Bhd expects its trading arm to account for 50% of group turnover for the fiscal year ending Aug 31, 2003, compared with 40% contribution last year, according to executive chairman Lim Kim Lin.
RM100mil for new Texchem food unit
TEXCHEM Resources Bhd (TRB) plans to pump up to RM100mil into its newly-formed food business division by 2010, according to group executive chairman and president Datuk Seri Fumihiko Konishi.
Kobay to make new generation lighting systems
KOBAY Technology Bhd, a KLSE main board company specialising in high-precision engineering and automation, is preparing to produce the next generation of solid-state lighting systems for home, public, and commercial use.
