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French carmaker Renault unveiled yesterday plans to expand its South Korean unit, including a rapid increase in exports from next year and developing a sport utility vehicle by late 2007. Renault president Carlos Ghosn, who also heads the French firm's Japanese alliance partner Nissan Motor Co, told a news conference that Renault Samsung Motors Inc (RSM) aimed to sell 30,000 units of its small-sized SM3 next year through Nissan.
Singapore's Central Provident Fund Investment Scheme (CPFIS)-included unit trusts, charted an average return of 6.3% for the quarter ended Sept 30, Standard Poor's (SP) fund services said. For the CPFIS-included insurance-linked products (ILP), the average return was 5.6%.
SMR Technologies Bhd (SMRT) is confident of raising RM9.9mil for its overseas growth and expansion when it is listed on the Mesdaq market of Bursa Malaysia next month.
Indonesia's President Susilo Bambang Yudhoyono's plan for a long-awaited Cabinet reshuffle has fueled expectations of changes in his government's economic team.
The following are comments by industry players on the types of asset class this group of young people invests in and the asset allocation.