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Oil and gas ops to boost UMW group earnings

UMW Corp Bhd#039;s acquisition of 90.5% equity in Petrodril (M) Sdn Bhd in March last year has provided opportunities and growth potential for the automotive and industrial manufacturing group to develop its oil and gas division as a core business and to expand its earnings base.


A ‘mouse’ in the car

From Lim Kok Beng


New millennium ushers in positive economic growth for Ukraine

AFTER eight consecutive years of sharp economic decline, Ukraine began registering positive economic growth in the new millennium.


IPOs regain strong public interest

INITIAL public offerings (IPOs) are attracting strong investor interest again, as reflected in the high rates of subscription for recent new issues. After playing it cagey for almost the whole of last year and a good part of this year, investors are pouring money back into the IPO market.


Plan for Asean oil, gas centre

MALAYSIA will be proposing the establishment of an Asean Oil amp; Gas Institute as a centre to jointly undertake region-wide research and development projects in the oil and gas industry, said Minister in the Prime Minister#039;s Department Tan Sri Bernard Dompok yesterday.


GE reports 14% fall in Q2 earnings

General Electric Co (GE) has reported a 14% slide in second-quarter earnings due to weaker results from its gas turbine and plastics businesses and said its most optimistic forecasts for the year were now unattainable.


Fuel in deep freeze

The Japanese are banking on an inflammable icy compound that blankets the seabed to fuel their nation in the future, reports HANS GREIMEL.



Pauline S.C. Ng writes on AZRB.


On the move

THE Association of Chartered Certified Accountants (ACCA), the largest and fastest growing global professional accountancy body, has appointed Tay Kay Luan (I>pic/I>) as head of ACCA Malaysia, effective July 1.


Extracting aromatic oils

Malaysia has the potential to be a big player in the essential oils and fragrance industries, but there has been little progress since patchouli, whose oil is the base of many perfumes, was cultivated in some parts of Malaya 169 years ago. This may change with a freash initiative by researchers from the Malaysian Agricultural Research and Development Institute.