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Boustead makes offer in bid to privatise Kuala Sidim
BOUSTEAD Holdings Bhd has made a proposed voluntary offer to acquire the remaining 54.2 million shares or 43.5% of the issued and paid-up share capital in Kuala Sidim Bhd it does not already own for RM325mil or RM6 per share.
China industrial output surges 20%
China said yesterday its industrial output surged 19.8% in February from a year ago as the booming electronics and car industries fuelled the fastest growth in nearly eight years.
Foreign business news in brief
Foreign business news in brief including Michelin#8217;s big plans for Shanghai deal, ING set to score a first in China, Hynix to spend US$100m on US facility. and Boeing resumes work on jetliner.
Nanyang Online forecasts RM13m-RM15m revenue
NANYANG Online (NOL), which launches its new-look online financial magazine mFinancial eMag today, is expecting between RM13mil and RM15mil revenue in the financial year to June 30, 2004, according to NOL director and chief executive officer Cheong Chia Chieh.
Merging the plantations
IT is telling that Datuk Seri Abdullah Ahmad Badawi cited Permodalan Nasional Bhd#039;s (PNB) plantation companies as an example when he spoke about the move to merge government-linked companies.
Stockwatch
Kathy Fong writes on Ta Enterprise, Park May, Kumpulan Guthrie, Celcom and Top Glove.
No significant impact on major local commodities
MAJOR local commodities like crude palm oil (CPO), rubber and timber will not be significantly affected by the US-led war on Iraq, except for rising concerns over the higher freight cost and insurance charges to countries near to the battle zone, industry players said.
Autopot system and its many benefits
EVERYONE wants to be given a chance to prove oneself. And Malaysian-born Jim Fah, inventor of the Autopot system, is no different.
Current account surplus seen to grow to 7.9% of GNP this year
THE current account surplus is expected to grow to 7.9% of Gross National Product in 2003 in line with a 7% growth in exports and higher revenue from low-import content agricultural and mineral exports.
Private sector holds the key to growth this year
THE private sector is expected to drive growth this year as the external sector is projected to grow modestly. Risk to the economy, however, remains should the private sector, because of prolonged uncertainty, adopt a #147;wait-and-see#148; attitude, which would cause delays in investment and a bounce in the electronics industry.
