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Shell out for more

MALAYSIA has the world#146;s 25th largest crude oil reserves and 14th largest gas reserves. Its oil reserves, like all things finite, are expected to diminish and run out in 17 years while gas reserves are expected to last another 34 years.

Costain posts 30% rise in pre-tax profit to £11.3mil

COSTAIN Group plc, in which Intria Bhd is one of three major foreign shareholders, has turned in a 30% increase in pre-tax profit to £11.3mil for the year ended Dec 31, thanks to its low-risk strategy and increased government infrastructure spending.

Powertek posts 38% increase in net profit to RM232mil

POWERTEK Bhd posted a 38% growth in net profit to RM231.8mil for the year ended Jan 31, 2003 from RM168.2mil in 2002, on the back of higher revenues following the commissioning of a new power plant during the financial year.

Gamuda posts higher pre-tax profit for first six months

GAMUDA Bhd has reported a significantly higher pre-tax profit of RM195.76mil for the six months ended Jan 31, 2003, compared with RM137.92mil posted in the previous corresponding period.

US survey: Women still trail men on the salary ladder

Women hold nearly half the executive and managerial jobs in the United States, but they fall short of men at the top rungs of the salary ladder.

CPO bearish trend to continue

Forecasting Price Trends: A weekly column by G.M. Teoh on Crude Palm Oil, Soyoil, Cocoa and Cash-Tin.

PCCW posts loss on write-off, charges

PCCW Ltd, Hong Kong's dominant fixed-line phone company, reported yesterday a hefty net loss for 2002 following a restructuring, job cuts, and a major write-down for an undersea cable joint venture.

Private residential enclaves offer community lifestyles to purchasers

Property Talk: A weekly column by S.C. Cheah. posts narrower 2002 loss, the Hong Kong media conglomerate backed by Asia#8217;s richest man Li Ka-shing, has reported a lower net loss for 2002 and expressed hope that recent talks on a Chinese television venture with AOL Time Warner Inc would bear fruit.

HSBC posts RM449m profit

HSBC Bank Malaysia Bhd has reported a profit before tax and zakat of RM448.7mil for the financial year ended Dec 31, 2002, down slightly from RM482.8mil a year earlier owing to a rise in loan loss allowance to RM69.3mil from RM28.2mil previously.