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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.
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.
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.
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.