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Shipping company Halim Mazmin Bhd executive chairman Tan Sri Halim Mohammad is not overly-anxious over the decline in shipping rates; in fact, he expects the company to continue to be profitable in the coming years.
Mittal Steel, the world's largest steel maker, said yesterday it has received US clearance for its proposed bid for rival Arcelor, as it posted a 35% fall in first-quarter profit.
The retail scene will remain competitive for the rest of the year as consumers become more cautious on spending their hard-earned money, according to Aeon Co (M) Bhd finance general manager Poh Ying Loo.