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Japanese megabank Mizuho Holdings Inc is expecting a net loss of US$16.5bil for the year to March #8211; the biggest corporate loss ever in Japan -- as it dumps more bad loans, the latest example of a bank moving to clean up its balance sheet under pressure from the government.
T.H. Hin Corp Bhd expects its trading arm to account for 50% of group turnover for the fiscal year ending Aug 31, 2003, compared with 40% contribution last year, according to executive chairman Lim Kim Lin.