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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 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.
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.
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.