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Salcon Bhd ended its first day of trading on the KLSE main board yesterday at RM2.08 for an 88 sen premium over its reference price of RM1.20 on volume of 28.3 million shares.
BY ALL accounts, prospects for the water supply industry are promising. In terms of investments in water projects, the National Water Resources Council (NWRC), the industry's umbrella body, has forecast that the country may need to spend at least RM51.9bil till the year 2050 to build at least 47 dams and large water treatment plants and infrastructure to ease the transfer of water between states.
IT'S difficult to predict what the Finance Minister would eventually unveil come Sept 12. However, given the fact that this Government practises public-private sector consultations, the Government that listens, if you like, we can expect many of the representations made by various industry groups to be included in the budget.
PACIFIC Insurance Bhd plans to take advantage of the expertise it has built up over the years in the medical insurance sector, and the strong demand of such products lately, to be a leading player in the country, said chief executive officer Ng Hon Soon in an interview.
WHILE the promise of mega water projects has built up interest in water-related companies on the KLSE, not all industry players are expected to benefit equally from the future privatisation of water supply.
THE International Palm Oil Congress, or PIPOC 2003, organised by the Malaysian Palm Oil Board ended Wednesday with a challenge to industry players to embark on newly identified applications for palm oil while focusing on better market access, branding, efficient production costs, quality and competitiveness.
AUSTRALIA-BASED Waterco Ltd expects local manufacturing and distribution unit, Waterco (Far East) Sdn Bhd, to double its annual wholesale production value from RM50mil currently to RM100mil in three to five years.
IT took about two years of hard work but biotech company, Rockeby Biomed Corp Ltd, looks set to hit pay dirt with a rapid diagnostic test kit for the detection of fungal infection.