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Malaysian companies operating in an increasingly challenging environment due to competition from lower-cost countries and facing far larger foreign competitors in their respective industries and sectors, have to target niche segments in expanding their markets.
The automotive industry is expected to see better times this year despite concerns including the rising cost of petrol. The smaller-engine and fuel-efficient cars will be particularly attractive to many consumers.
Sales in the local motor vehicle industry are expected to improve this year with the total industry volume (TIV) expanding 7% to more than 500,000 units, according to Frost Sullivan.
Telekom Malaysia Bhd sees significant opportunities in the high speed broadbandpartnership with the Government to accelerate household broadband penetration, says groupCEO Datuk Seri Wahid Omar. Kulim (M) Bhd managing director Tan Sri AhamadMohamad sees the price of crude palm oil possibly hitting RM3,500 per tonne. His companyaims to double the hectarage at Papua New Guinea in the next seven to ten years. AtManulife Insurance (M) Bhd, president and CEO Peter Robertson is reorganising andexpanding his actuarial team to ensure that he has the resources to implement the risk-basedcapital framework and develop innovative products.
Telekom Malaysia Bhd (TM) was named Asia Pacific Service Provider of the Year 2007 at the Frost Sullivan Asia Pacific ICT Awards last week.