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Business 01 Feb 2003 | 12:00 AM

Malaysia woos FDI

The weak inflow of foreign direct investment (FDI) into Malaysia has remained a key concern since the Asian financial crisis period. It has not helped any that the country's manufacturing sector's recovery is lagging owing to more current external concerns such as the threat of war and weak confidence in some of Malaysia's major trading partners.

Business 01 Feb 2003 | 12:00 AM

Exxon Mobil Q4 profit up 53%

Exxon Mobil Corp, the world's largest publicly traded oil company, said on Thursday that fourth-quarter profit rose 53%, beating Wall Street's expectations.

Business 01 Feb 2003 | 12:00 AM

Disney posts higher Q1 earnings, sales

Walt Disney Co said both its earnings before one-off items and sales rose in its first quarter to Dec 31, with its media and theme parks units leading the rise in sales despite ongoing economic weakness.

Business 01 Feb 2003 | 12:00 AM

Mesiniaga gets IBM business partner award

KLSE-listed Mesiniaga emerged as IBM Malaysia#039;s #147;Business Partner of the Year#148; for 2002 and was also recognised for its contribution to IBM Malaysia#039;s personal computing, server and storage, and software divisions.

Business 01 Feb 2003 | 12:00 AM

Guthrie tries hard to settle debts

Kumpulan Guthrie Bhd's huge borrowings may put off investors, but nobody can accuse the plantation group of doing nothing to lighten its debt burden. Last Friday, it announced that a subsidiary company would sell some development land in Klang for RM169 million cash.

Business 01 Feb 2003 | 12:00 AM

Short, quiet trading week ahead

Next week is unlikely to bring much in the way of excitement to the Kuala Lumpur Stock Exchange (KLSE) as most investors will be away for the whole week for the Chinese New Year holidays. As such, market observers are bracing for a quiet, if somewhat dull, short trading week ahead.

Business 01 Feb 2003 | 12:00 AM

IPO – no longer the lottery it once was

There was a time when the surest and quickest way to make money in the share market was to get in at the initial public offering (IPOs) stage.

Business 01 Feb 2003 | 12:00 AM

BP in asset swap deal with Amerada

BP plc said it agreed to an asset swap deal with Amerada Hess Corp, whereby BP will exchange its 25% interest in block A-18 of the Malaysia Thailand Joint Development Area for Amerada Hess#8217; interests in Colombia.

Business 01 Feb 2003 | 12:00 AM

Few Asian banks seen as good franchises

LESS than 10% of the approximately 300 banks with a retail focus in Asia, demonstrate the processes that would make them attractive long term franchises that investors will be interested in, said a research and publication company, the Asian Banker.

Business 01 Feb 2003 | 12:00 AM

New AMMB warrants better than existing ones

Malaysia's fifth largest lender, AMMB Holdings Bhd, has been garnering a fair bit of interest with the rights issue of its new warrants (AMMB-W 2003/2008). The latest development has been the renounceable rights for the 125.2 million warrants priced at 12.37 sen (on the basis of 1 new warrant for every 8 existing ordinary shares .