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BUSINESS and politics are synonymous in Sarawak. With political changes taking place, the dynamics of business could well change. Below are six stocks investors should pay close attention to:
PETALING JAYA: Sarawak-linked counters were sprinkled across the loser’s list of stocks on Bursa Malaysia following news that Chief Minister Tan Sri Abdul Taib Mahmud might step down soon. Cahya Mata Sarawak Bhd (CMSB), which is some 43% owned by Taib’s family, was among the biggest losers of the lot, finishing 2.6% down to RM7.24.
WITH the Barisan Nasional winning handsomely in the resource rich state of Sarawak in the 13th general election (GE), and a record number of seven ministers and four deputy ministers elected into the federal Cabinet, Sarawak’s appeal has notched up significantly in a matter of weeks.