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Taiwan's newly privatized Chunghwa Telecom struggles to live up to expectations
Privatization has freed Chunghwa Telecom Ltd. from some political constraints, but Taiwan's largest telecom operator still has to show it can use its freedom effectively in an increasingly competitive market.
China opts for crawling peg system
CHINA took the world by surprise on July 21, 2005, by revaluing its currency, which has remained pegged to the US dollar since 1994 at around 8.3 yuan to the greenback. Unlike the ringgit, which was on a rigidly fixed exchange rate system, the Chinese yuan's fixture was somewhat less rigid in the sense that tiny variations were still possible within an extremely narrow band of 8.28-8.31 to the US dollar.
Second half looks brighter for cement makers
Several cement manufacturers are having sleepless nights these days, no thanks to price competition and higher production costs.
MPOPC, South Africans in red palm oil drive
The Malaysian Palm Oil Promotion Council (MPOPC) is joining hands with South African scientists to initiate programmes aimed at developing further applications of red palm oil.
Public Bank named Best Retail Bank
Public Bank has clinched the award for the 'Best Retail Bank in Malaysia 2004' for the third time under I>The Asian Banker's/I'Excellence in Retail Financial Services Award Programme''.
IJM may join group eyeing road project in Pakistan
IJM Corp Bhd is likely to be part of a consortium comprising five Malaysian firms that is eyeing a road project near Islamabad, Pakistan, said managing director Datuk Krishnan Tan.
Ministry plans to inject RM30bil under 9MP
The Ministry of Works plans to inject an estimated RM30bil under the 9th Malaysian Plan (9MP) between 2006 and 2010, to enhance the growth of the construction sector.
Ringgit to further gain strength by year-end
THE ringgit, now free from its fixed exchange rate regime, will have an unrelenting pressure to strengthen against the US dollar for the remaining part of this year, said a Hong Kong-based regional foreign exchange strategist.
Higher demand from young segment for houses
Developers are increasingly looking to establish a presence in the high-end market to gain visibility and brand presence. Glomac Bhd sees itself moving into more lifestyle residential developments especially gated communities in the Klang Valley. It plans to launch Lakeside Puchong and The Residence, Cherast later this year.
