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Business 11 Jan 2003 | 12:00 AM

Cautiously bullish about timber recovery

SAME time last year, timber stocks were hardly in the radar screen of investors. Now, the sector may get the break it has long waited for.

Business 11 Jan 2003 | 12:00 AM

Wall St probe findings within weeks

B>NEW YORK/B>: Disgruntled investors suing Wall Street firms over bad stock picks will soon get a windfall, as state regulators including New York Attorney-General Eliot Spitzer will likely release the findings of probes into Citigroup Inc and other banks by the end of the month.

Business 11 Jan 2003 | 12:00 AM

Urgent remedy for Actacorp

The recent restructuring scheme is expected to bear fruit as the new company would have a steady flow of income from PSC Asset Holdings' 21-storey, Menara PSCI in Penang.

Business 16 Jan 2003 | 12:00 AM

TNB ready to take on UBS in court

TENAGA Nasional Bhd (TNB) said it is prepared to go to court to contest a RM330mil legal suit filed against it by the Union Bank of Switzerland (UBS).

Business 16 Jan 2003 | 12:00 AM

Sime eyeing Aussie power firm

SIME Darby Bhd, which is expanding its core businesses, has confirmed that it is eyeing a piece of Australia#039;s Loy Yang Power Ltd.

Business 17 Jan 2003 | 12:00 AM

US dollar drops further

WAR fears and uncertainties over the health of the US economy continued to apply downward pressure on the US dollar, sending it to a three-year low against the euro and a four-month low against the yen yesterday.

Business 18 Jan 2003 | 12:00 AM

Things look up for Sime Darby

SIME Darby Bhd, Malaysia's oldest conglomerate, with very diversified interest, can look forward to another good year ahead.

Business 21 Jan 2003 | 12:00 AM

M’sia strongly tipped for rating upgrade

MALAYSIA is a strong candidate for rating upgrades, and 2003 could be a year when the country regains its A rating, said JP Morgan head of Asia sovereign research, David G. Fernandez.

Business 25 Jan 2003 | 12:00 AM

KAF Group says it won’t buy stake in Affin Bank

KAF Group will not buy a 30% stake in Affin Bank Bhd, a wholly-owned subsidiary of Affin Holdings Bhd (AHB). However, it is still in talks with Malaysia International Shipping Corp Bhd (MISC) to acquire 36.8% of Affin Merchant Bank.

Business 25 Jan 2003 | 12:00 AM

Priming a pump

THE government plans to pull on the pump. The objective is simple #8211; to mitigate the risks in the external environment by creating adequate domestic growth drivers.