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Shares on the KLSE, especially small-cap stocks, rallied on strong volume yesterday as a number of corporate proposals boosted market sentiment.
A former executive of Citigroup Global Markets Inc. was indicted on charges he embezzled more than $70,000 from two mutual funds he controlled.
STOCKS on the KLSE ended August on a weak note, with the Composite Index (CI) dropping 0.4% to 743 yesterday ahead of the long Merdeka weekend but up 3% for the entire month following the market's breakout from a consolidation period at the end of July.
THE Malaysian Employers Federation (MEF) has described the proposed Budget 2004 as a challenge for the corporate sector to move into a higher level of development with an emphasis on greater use of information technology (IT) and skilled manpower.
JOHOR will pose competition to Singapore when Labuan offshore companies set up marketing offices in the state, but this can only work to Malaysia#039;s advantage if red tape were to be reduced, Ernst amp; Young Tax Consultants Sdn Bhd executive director Lee Choong San said.
B>LONDON:/B HSBC, the world's second largest bank by market value, has begun to shed corporate finance and other investment banking staff as part of a restructuring.