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Panama's congress approved holding a national referendum on a US$5.3bil (rm19.5bil) proposal to widen the Panama Canal to allow it to handle a new generation of giant container ships.
RESIDENTS of the Leisure Farm Resort in Gelang Patah, Johor, have a new attraction that they can be proud of: a scenic orchard by a lake. Called the Kayu Manis Orchard Nursery, it will be another good reason why people should buy a home in the resort.
Vivendi Universal posted yesterday a 7% rise in fourth-quarter sales, boosted by its SFR unit, France's number two mobile-phone operator, which helped compensate for disappointingly weaker music and games sales.
HONG KONG: Ports investor COSCO Pacific Ltd. said it has signed an agreement to buy a 20 percent stake in the Suez Canal Container Terminal in Egypt - it's first port investment in the Middle East.
The Budget proposal to increase the development expenditure is an added fillip for the construction sector, but this is likely to benefit mostly the mid-cap to smaller companies, analysts said.