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ISLAND and Peninsular Bhd (IP) is moving towards achieving a pre-tax profit of RM200mil for the year ending Jan 31, 2004. Of this profit, 65% is expected to come from its plantation division and the balance from property and trading, chairman Datuk Mohd Zuki Kamaluddin said.
A SPECIAL institution to lure international Muslim investors should be set up to convince foreign businessmen that their investments are in accordance with syariah laws, said Kelantan Umno treasurer Datuk Dr Awang Adek Hussein.
PERMODALAN Nasional Bhd (PNB) has declared an income distribution of 6.8 sen for Amanah Saham Didik (ASD) investors for the financial year ending June 30, 2003.
News in brief on Litrak, Federal Furniture and PNB.
DATUK Anwar Aji, currently the chief operating officer of Khazanah Nasional Bhd, is slated to take over as managing director from Tan Sri Mohd Sheriff Kassim when the latter retires at the end of July, sources told I>StarBiz /I>yesterday.
News in brief on Suria Capital, SCK Group, Uda Holdings, Leong Hup. MA holdings, Data Prep and PNB.
KUMPULAN Guthrie Bhd#039;s proposed rationalisation exercise is seen by plantation analysts and industry observers as a move by the plantation giant to position itself as a global plantation player on its own, and not as part of the government#039;s proposed merger of all Permodalan Nasional Bhd (PNB)-linked plantation companies.
IT has been three years since index constructor Morgan Stanley Capital International (MSCI) announced that it would adjust its equity indices so as to take into account free float levels. Back then, there was some hand wringing among our stock market players over the possibility of Malaysia suffering an exodus of foreign funds.a href=http://biz.thestar.com.my/bizweek/>LI>B>For the full Bizweek reports click here/B>/a>
Online investment advisor Surf88.com writes on prospects for Valuecap.
A letter from New Gim Soi.