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The Employees Provident Fund (EPF) says its purchase of the Rashid Hussain Bhd (RHB) banking group for RM10bil is a strategic investment. The pension fund said it would ensure decent return on capital and increase its exposure to a sector that has good long-term growth prospects.
Toyota Motor Corp will likely build two more assembly plants in North America by the end of the decade as part of a strategy to capture a larger share of the world's biggest auto market, the I>Wall Street Journal /I>reported.